Account Recovery
JANUARY 6, 2021
A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as debt buyers, arguing that the … The post States Sue Bank Regulator to Overturn ‘True (..)
Credit Corp
MARCH 1, 2023
However, you can’t actually do this due to how debt buying works. Debts of this nature are sold in large bundles to debt collectors and other agencies. Learn more about how debt buying works, why it’s not an answer to your debt concerns, and what you can do to handle debt instead below.
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Katabat
JANUARY 24, 2020
The conference, occurring February 3–6, 2020, brings together key participants in the receivables management industry, including debt buying companies, collection agencies, collection law firms, brokers, originating creditors, and affiliates.
Troutman Sanders
OCTOBER 11, 2021
On September 30, the CFPB published Data Point Report: Subprime Auto Loan Outcomes by Lender Type , examining interest rate and default risk trends across different types of subprime auto lenders. For more information, click here.
Troutman Sanders
OCTOBER 19, 2021
On October 3, the Consumer Bankers Association sent a letter to Rohit Chopra, the CFPB Director, in which it urged the CFPB to adopt a larger participant rule for fintech consumer lenders. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.
Account Recovery
MAY 12, 2021
The … The post Senate Passes Bill Repealing OCC’s ‘True Lender’ Rule Aimed at Boosting Loan Sales appeared first on AccountsRecovery.net.
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