Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
MAY 9, 2023
HB1349 will take effect on July 23.
Creditworthiness Financial services Foreclosure 
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Passage Of Debt Collection Bill Could Be A ‘Slippery Slope’ For Lenders
Collection Industry News
MAY 18, 2021
2547 was sponsored by House Financial Services Committee Chairwoman Rep. Restrictions on the reporting or consideration of certain debt prevents lenders from seeing borrowers’ complete debt circumstances and clouds lenders’ ability to fairly assess borrowers’ creditworthiness. The bill, H.R. Maxine Waters (D-Calif.),
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Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
AUGUST 14, 2023
The letters also recommended that the three agencies, along with other regulators, explain how lenders may use alternative data to underwrite third-party relationships with fintech lenders that determine borrowers’ creditworthiness after analyzing large amounts of data on borrower characteristics. For more information, click here.
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
Troutman Sanders
JUNE 22, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. You may access this interactive tool at [link].
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