Troutman Sanders

APRIL 17, 2023

where a putative class of Black students enrolled at Health Career Institute (HCI), a for-profit nursing school, alleged that after HCI arranged for students to take out federal and private student loans to pay for the program, HCI adopted new policies that increased the amount of time and money it would take students to complete the program.

Student Loans 94

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Sawin & Shea

AUGUST 24, 2020

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Titan Consulting

AUGUST 23, 2020

Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. The CARES Act also requires lenders to offer repayment options that include adding missed payments to the end of the loan, a loan modification, or refinance. Take advantage of payment waivers.

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Credit Corp

FEBRUARY 28, 2021

Stimulus Acts and Student Loans : Learn more about student loans, including automatic forbearance, in this guide. Bad credit business loans : You can get a business loan with less-than-perfect credit—even in a pandemic. Find out why, and what you can do to protect your credit score, in this article.

Loans 98

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Troutman Sanders

AUGUST 9, 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]. For more information, click here. For more information, click here.

Financial services 52

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Better Credit Blog

APRIL 1, 2022

It’s smart to know how to remove negative items from your credit report, especially if you are soon to be applying for a mortgage or car loan. Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. Foreclosures. Charge Offs. Bankruptcy.

Bankruptcy 114

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Troutman Sanders

FEBRUARY 8, 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. attorney’s office to stop judicial foreclosures and evictions on accounts previously referred to the DOJ.

Financial services 52

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True Accord

AUGUST 11, 2022

New York Federal Reserve , between the national student loan debt topping $1.6 Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures. Debt levels are on the rise again: according to the?

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Collection Industry News

JULY 6, 2021

These non-public actions have occurred in areas such as auto loan servicing, consumer reporting, debt collection, deposits, fair lending, mortgage origination and servicing, private student loan origination, payday lending, and student loan servicing. Examiners found foreclosure issues.

Student Loans 40

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Collection Industry News

AUGUST 17, 2023

The volume of newly originated auto loans, which includes leases, was $179 billion, largely reflecting high dollar values of originated loans even as the number of newly opened loans remains below pre-pandemic levels. Student loan balances fell by $35 billion and stood at $1.57 trillion in Q2 2023.

Credit Card Debt 40

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Collection Industry News

APRIL 2, 2021

The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Source: site. Household spending also dropped as people stayed home, canceled travel and socially distanced to avoid the coronavirus.

Bankruptcy 40

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Troutman Sanders

AUGUST 30, 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]. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Troutman Sanders

SEPTEMBER 7, 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].

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Troutman Sanders

AUGUST 24, 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].

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Public Citizen

JULY 6, 2020

the Court held that a 2015 amendment to the Telephone Consumer Protection Act, which allowed cellphone robocalls to collect federal debts (such as student loans and mortgages), gave unconstitutionally favorable treatment to federal debt collection over other types of speech. American Assn. of Political Consultants, Inc.,

Collections 70

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Consumer Financial Services Law

FEBRUARY 17, 2017

Here are the highlights of the most recent report: IN GENERAL · Student loans showed the greatest increase in complaints comparing October -December 2015 with October-December 2016, showing a 109% increase. In February 2016, the CFPB updated its student loan intake form to accept complaints about federal student loan servicing.

Student Loans 40

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Troutman Sanders

OCTOBER 19, 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]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Debt collector 52

Collection Industry News

MARCH 15, 2021

It has taken actions to collect data on a number of new industries, including debt relief and earned wage access providers, and has filed a cease-and-desist order against a student loan debt relief company charging borrowers exorbitant fees for the false promise of getting their student debt wiped.

Foreclosure 40

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Titan Consulting

APRIL 26, 2020

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. What Happens to Student Loan Debt After a Forbearance Ends ? Delayed payments are not forgiven payments. Pausing bills can lead to massive balances due when payments restart.

Student Loans 52

Student Loans Student loans Lender Loans 52

True Accord

MARCH 31, 2022

The four key trends we’re studying are: resumed foreclosure activity, extensive medical bills, the end of child tax credits and historically high inflation. In January, the foreclosure proceedings that were paused under the CARES Act resumed after an 18-month hiatus. million U.S.

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Burr Forman

MAY 20, 2021

Prohibiting servicers of private education loans from reporting an adverse item of information relating to the nonpayment of the loan for an established period of time.

Collections 52

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Troutman Sanders

JULY 7, 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].

Financial services 52

Financial services Financial Institution Student Loans Student loans 52

Collection Industry News

MAY 18, 2021

2547, the Non-Judicial Foreclosure Debt Collection Clarification Act, which would reverse the unanimous decision made by the Supreme Court of the United States (SCOTUS) in 2019. Require discharge of private student loans due to total and permanent disability. Clarify FDCPA coverage for non-judicial foreclosures.

Lender 40

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Troutman Sanders

SEPTEMBER 27, 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]. For more information, click here. On September 21, the U.S.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Sawin & Shea

DECEMBER 28, 2023

By stretching out, modifying, or reducing payments, Chapter 13 helps make debt more manageable for financially distressed individuals while allowing them the opportunity to save assets like their homes from foreclosure and cars from repossession. As long as you keep up with repayment plan payments, you can avoid repossession or foreclosure.

Chapter 13 bankruptcy 52

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Credit Corp

APRIL 26, 2024

Some of the items on this list include: Canceled amounts that were gifts or inheritances Certain student loans and student loan discharges Qualifying purchase price reductions If you ultimately need to claim the income, you must incorporate the 1099-C into your federal tax filing and report the canceled debt as “other income”.

Repossession 59

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Sawin & Shea

JANUARY 24, 2024

The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. Any debts not discharged, like student loans, remain. Your assets are protected while you make monthly payments to creditors through the court.

Debt Consolidation 52

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Troutman Sanders

OCTOBER 16, 2023

State Activities: On October 12, California’s Department of Financial Protection and Innovation (DFPI), announced, in its October bulletin, that final regulations to implement the Student Loan Servicing Act and the Student Loans Borrower Rights Law have been approved and will become effective January 1, 2024.

Financial services 52

Financial services Student Loans Student loans Credit Unions 52

Troutman Sanders

MARCH 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]. For more information, click here. On March 18, the U.S.

Financial services 52

Financial services Garnishment Student Loans Student loans 52

Collection Industry News

JUNE 29, 2024

Total household debt includes mortgages, home equity lines of credit (HELOCs), student loans, auto loans, other, and credit cards.1 Student loan debt decreased by $6 billion to $1.60 1 Approximately 44,000 borrowers had foreclosure notations on their credit reports, a little more from the previous quarter.7

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Lender 40

Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Student loans are also difficult but not impossible to discharge in bankruptcy.

Bankruptcy 52

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Debt Free Colorado

MARCH 3, 2023

For instance, it may permit the restructuring of debts due to “secured” creditors, or creditors who have an interest in assets like a mortgage or a car loan, but it typically won’t abolish those debts. Are you at risk of falling into foreclosure, being evicted, or having your utilities cut off?

Bankruptcy 52

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Troutman Sanders

OCTOBER 4, 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]. Among other provisions, S.B. For more information, click here and here.

Financial services 52

Financial services Financial Institution Foreclosure Student loans 52

Troutman Sanders

FEBRUARY 21, 2024

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. On February 15, the CFPB published a blog recounting its action against a student loan debt relief business and a debt-settlement company.

Financial services 52

Financial services Student Loans Student loans Financial Institution 52

Troutman Sanders

MAY 9, 2023

For more information, click here. On May 1, Oklahoma Governor Kevin Stitt approved HB1443. HB1349 will take effect on July 23.

Financial services 52

Financial services Student Loans Student loans Loans 52

Better Credit Blog

AUGUST 4, 2020

Home loans. Auto loans. Personal loans. Student loan refinancing. Foreclosures. 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. Investment accounts. Credit cards. Wealth advising.

Banks 52

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Debt Free Colorado

DECEMBER 23, 2024

Student loans, child support, recent taxes, and court fines must be paid in full. This legal shield blocks creditors from calling you, stops foreclosure sales, prevents wage garnishments , and halts all collection lawsuits. These debts have no collateral, so creditors cannot take your property without going to court first.

Unsecured Debt 52

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