Debt collector Financial services Student Loans 
True Accord
OCTOBER 22, 2024
The delinquency rate for mortgage loans increased to a seasonally adjusted rate of 3.97% at the end of Q2, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey, an increase that corresponded with a rise in unemployment and showed up across all product types. Also in August, the CFPB responded to the U.S.
True Accord
JANUARY 21, 2025
With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administrations policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and credit card balances, which could prove challenging to household budgets. for this year, increased to 3.0%
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Better Credit Blog
NOVEMBER 2, 2020
Then you may start to hear from a company called Action Financial Services. Action Financial Services is a debt collection agency that may have been hired by the original owner of your debt. They have a reputation as being an aggressive and relentless collector. What is Action Financial Services?
Troutman Sanders
JANUARY 9, 2024
On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” In that case, after an individual filed for bankruptcy, a debt collector sent the consumer a collection letter that said the consumer could be sued if they did not pay the debt — a process the CFPB believes is against the law.
Better Credit Blog
SEPTEMBER 9, 2020
Have you noticed a company called Phoenix Financial Services on your credit report? If you have, this has probably been accompanied by calls from them to collect on a debt. This means negotiating with the debt collector, which many people don’t know how to do. What is Phoenix Financial Services?
Troutman Sanders
OCTOBER 19, 2021
The Office of Enforcement will be responsible for oversight of enforcement actions against postsecondary schools that participate in the federal student loan, grant, and work-study programs. On October 26, the Nevada’s Financial Institutions Division is holding a workshop on regulations pertaining to medical debt collections and S.B.
True Accord
APRIL 5, 2023
On the regulatory front, the Consumer Financial Protection Bureau (CFPB) hit the ground running for 2023 with new guidance on subscription fees, proposed rulemaking on non-bank company terms and conditions, and issued an annual report sizing up the three credit reporting companies. The final amended rule will go into effect on July 20, 2023.
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