Troutman Sanders

MARCH 10, 2023

On March 8, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights report, focusing once again on fees assessed in relation to bank account deposits, auto loan servicing, mortgage loan servicing, payday lending, and student loan servicing.

Repossession 52

Repossession Student loans Student Loans Loans 52

Jimerson Firm

JANUARY 16, 2023

Once the lienholder obtains the certificate of release from the clerk’s office, the lienholder or its repossession agent should take the certificate of release to the repair shop in exchange for release/possession of the vehicle. About the Author: Austin T. Hamilton, Esq.

Repossession 52

Repossession Retrieval Financial services Banks 52

Jimerson Firm

JANUARY 16, 2023

Once the lienholder obtains the certificate of release from the clerk’s office, the lienholder or its repossession agent should take the certificate of release to the towing company in exchange for release/possession of the vehicle. To the extent the towing company refuses to comply with the certificate of release, Section 713.78

Repossession 52

Repossession Retrieval Financial services Banks 52

Troutman Sanders

JANUARY 5, 2023

GAP is designed to cover a portion of this remaining balance or “gap” owed to the lender on the finance agreement. The indirect auto lender’s refund obligations vary based upon the state in which the transaction originated. The indirect auto lender’s refund obligations vary based upon the state in which the transaction originated.

Credit Unions 52

Credit Unions Credit Unions Repossession Financial services 52

Troutman Sanders

MAY 5, 2022

The Supervisory Highlights detail issues identified by CFPB examination teams across a wide number of segments of the consumer financial services industry. Auto Servicing. The CFPB sees wrongful repossessions everywhere. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Fico Collections

JULY 12, 2021

Loans, grants, and job protection schemes provided by governments around the world during the past 18 months have eased the financial burden of the pandemic, for both businesses and their consumers. Lenders have benefitted from state measures which have so far helped limit near-term loan defaults.

Collections 52

Collections Lender Repossession Banks 52

Better Credit Blog

DECEMBER 30, 2020

Short for Dell Financial Services/Webbank, the entry is probably on your report because you applied for a Dell Preferred Account. Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. WebBank partners with Dell Financial Services, backing their financing plans.

Lender 52

Lender Financial services Loans Repossession 52

Better Credit Blog

AUGUST 4, 2020

If you’ve come across a hard inquiry from FNB Financial on your credit report, you may be wondering whether or not it’s legit. Short for the First National Bank of Omaha, FNB National is a popular bank for several personal and professional financial services and products, including: Banking. Repossessions. Home loans.

Banks 52

Banks Lender Loans Student loans 52

Troutman Sanders

APRIL 24, 2023

Americredit Financial Services, Inc. The pro se plaintiff in Shelton alleged that her lender violated the FCRA by erroneously reporting her auto loan as charged-off, i.e., written off as a loss and closed. The court’s opinion in Shelton v.

Loans 52

Loans Repossession Secured Creditor Construction 52

Collection Industry News

MAY 9, 2022

The Supervisory Highlights detail issues identified by CFPB examination teams across a wide number of segments of the consumer financial services industry. Auto Servicing. The CFPB sees wrongful repossessions everywhere. Failing to trigger refunds of GAP protection after a repossession.

Financial Institution 40

Financial Institution Repossession Debt collector Student loans 40

Fico Collections

JANUARY 26, 2022

Debt remediation is at the forefront of the financial services industry’s response to the pandemic, and this is leading collections operations to advanced analytics such as collections optimization. Read the full post: Collections Communications: Multi-Channel Vs. Omni-Channel . Nikhil Behl wrote: .

Collections 52

Collections Student loans Student Loans Government 52

Better Credit Blog

FEBRUARY 19, 2021

Financial Services. If your loved one passed away while carrying debt in one of the industry’s above, you could be contacted by DCM Services to settle the account. Third-party collections agencies are called in when lenders and service providers are unable to collect payments from consumers. Repossessions.

Collection Agencies 52

Collection Agencies Collections Agency Debt collector Third-party Debt Collectors 52

Collection Industry News

JULY 20, 2020

“Americans who lose their jobs, have to stop work because of illness, or have paychecks suspended during the COVID-19 crisis may struggle to pay mortgages and other loans, utility bills for essential services, and for other necessities,” said a spokesperson for the Consumer Federation of America.

Garnishment 40

Garnishment Collections Debt collector Accounts Receivables Management 40

Better Credit Blog

SEPTEMBER 9, 2021

Your credit score, known in the financial services industry as a Fico Score, is a snapshot of your financial history. You’ll be taken to websites that try to sell you financial services. Did you have something repossessed or foreclosed? “Don’t Google it and click the first few links. Ads by Money.

Debt Consolidation 59

Debt Consolidation Loans Repossession Financial services 59

Troutman Sanders

JULY 25, 2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On July 21, the Chairman of the U.S. The FSC will meet on July 26 to markup H.R.

Financial services 52

Financial services Trade Repossession Lender 52

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities.

Financial services 52

Financial services Collateral Banks Trade 52