Collection Industry News

JUNE 5, 2022

and North Carolina’s Unfair and Deceptive Trade Practices Act, N.C. fees for its services and misleadingly represented that it would provide refunds to consumers in the event that it could not obtain loan modifications or prevent foreclosures. § 14-423, et seq. , View source.].

Debt settlement 40

Debt settlement Foreclosure Trade Loans 40

True Accord

AUGUST 11, 2022

Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures. And individuals become more susceptible to going further into debt if they don’t have a solid foundational understanding of what happens when they first fall behind.

Acquisition 65

Acquisition Debt Recovery Education Student Loans 65

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. For more information, click here.

Financial services 52

Financial services Foreclosure Student Loans Student loans 52

Troutman Sanders

NOVEMBER 16, 2020

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. Please click here to visit this new interactive tool: [link]. Phase III, among other things, suspends jury trials through December 12.

Financial services 52

Financial services Foreclosure Banks Trade 52

Burr Forman

JULY 21, 2021

Keith’s experience includes breach-of-contract actions, business torts, violations of non-compete agreements, and theft of trade secret matters. Jade Sipes’ experience includes representing clients in matters involving consumer protection laws, wrongful foreclosure claims, and defense against charges of liability and fraud.

Construction 52

Construction Foreclosure Lawyers Trade 52

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.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Collections Law

MARCH 10, 2022

If the owner does not pay for your work, the lien allows you to pursue payment through a judicial foreclosure. Cohen LLC, we have nearly 50 years of combined collection experience, working with companies of all types throughout the building trades. We can help you protect your work At the Law Offices of Alan M.

Mechanic’s Liens 52

Mechanic’s Liens Commercial Collection Foreclosure Trade 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]. 1, 2020 through March 31, 2021, totaling $64 million in reported losses.”

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Burr Forman

AUGUST 19, 2021

Keith Andress – Commercial Litigation, Construction Law, Corporate Law, Insurance Law, Litigation-Banking and Finance, Construction, Mortgage Banking Foreclosure Law, Personal Injury Litigation-Defendants, Product Liability Litigation-Defendants, Professional Malpractice Law-Defendants. Birmingham. Ron Cohn – Litigation – Bankruptcy.

Lawyers 105

Lawyers Construction Acquisition Bankruptcy 105

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. For more information, click here.

Financial services 52

Financial services Garnishment Student Loans Student loans 52

Troutman Sanders

AUGUST 1, 2023

For example, the bill distinguishes a “digital asset” from a “digital commodity,” empowering the Securities and Exchange Commission (SEC) to regulate the former and the Commodity Futures Trading Commission (CFTC) to regulate the latter. On July 20, Federal Trade Commission (FTC) and the U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Debt collector Trade 52

Troutman Sanders

DECEMBER 28, 2020

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 Foreclosure Government Debtor 52

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]. For more information, click here. On June 29, the U.S.

Financial services 52

Financial services Financial Institution Student Loans Student loans 52

Jimerson Firm

DECEMBER 14, 2021

3d at 1213 (awarding $50,000 in emotional distress damages where plaintiffs suffered prolonged stress, anxiety and sleeplessness for over two and a half years, as a result of the defendant repeatedly threating plaintiff’s with acceleration and foreclosure); Barker v. Tomlinson , No. 8:05-CV-1390-T-27EAJ, 2006 WL 1679645 (M.D. Section 559.77

Debt collector 105

Debt collector Fair Debt Collection Consumer Collections Legal Rights 105

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. On September 28, Federal Trade Commission (FTC) Chair Lina M. You may access this interactive tool at [link].

Financial services 52

Financial services Financial Institution Foreclosure Student Loans 52

Troutman Sanders

MAY 10, 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 Fair Debt Collection Foreclosure Debt collector 52

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.

Financial services 52

Financial services Student Loans Student loans Debt collector 52

Troutman Sanders

MARCH 29, 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 on the House of Representatives’ version of the bill, click here.

Financial services 52

Financial services Fair Debt Collection Foreclosure Lender 52

Collection Industry News

MAY 30, 2022

The CFPA includes a long list of exemptions to the CFPB’s authority, such as: merchants; retailers; accountants and tax preparers; attorneys engaged in the practice of law; persons regulated by the Securities and Exchange Commission; persons regulated by the Commodity Futures Trading Commission; and auto dealers.

Fair Debt Collection 40

Fair Debt Collection Foreclosure Retail Trade 40

Troutman Sanders

OCTOBER 11, 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 Loans Lender Foreclosure 52

Fico Collections

AUGUST 3, 2022

In addition, homeowners are beginning to struggle to pay their mortgages, with foreclosure filings increasing by 153% in the first six months of 2022 compared to the same period last year. Borrower resilience tends to be associated with how a borrower uses credit. The most obvious one is early intervention.

Foreclosure 52

Foreclosure Loans Trade 52

Credit Corp

MAY 1, 2021

After buckling down for about seven years, my wife and I were able to pay off our home mortgage, vehicle loans, credit card debt , recover from a prior-foreclosure, and set us up to retire with over a million dollars in my employer-sponsored retirement fund. My Debt-Free Life Started Late in My Adult Life.

Credit Card Debt 75

Credit Card Debt Accrued Interest Loans Student Loans 75

Collection Industry News

JUNE 29, 2024

1 Approximately 44,000 borrowers had foreclosure notations on their credit reports, a little more from the previous quarter.7 69 SPONSORED Buy, Trade, and Hold 350+ Cryptocurrencies Join 120 million registered users exchanging the world’s most popular cryptocurrencies. Automobile debt increased by $9 billion to $1.62

Credit Card Debt 40

Credit Card Debt Student Loans Student loans Lender 40

Troutman Sanders

JULY 20, 2020

The order is effective immediately, and it addresses a number of issues that impact residential mortgage loan servicers, including restrictions on residential foreclosure and evictions and certain fees or charges. For more information, click here. Key Block structure management) due to the impact COVID-19 has had on implementations.

Financial services 52

Financial services Loans Banks Foreclosure 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. The report alleges that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk.

Financial services 52

Financial services Student Loans Student loans Financial Institution 52

Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. For more information, click here. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

JANUARY 30, 2023

On January 26, the Securities and Exchange Commission (SEC) rejected Cboe BZX Exchange’s (BZX) request to list and trade Ark 21Shares, the proposed spot-Bitcoin exchange traded fund (ETF) managed by asset managers ARK Investment Management and 21Shares (collectively hereinafter, the “trust). For more information, click here.

Financial services 52

Financial services Foreclosure Banks Trade 52

Troutman Sanders

FEBRUARY 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]. To read the full alert, click here.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52

Troutman Sanders

OCTOBER 26, 2020

The task force also adopted an updated report on trade-based money laundering and recognized progress by a number of jurisdictions. On October 22, the Federal Trade Commission (FTC) launched a new website, ReportFraud.ftc.gov , where consumers can report fraud and all other consumer issues directly to the FTC.

Financial services 52

Financial services Foreclosure Financial Institution Banks 52

Troutman Sanders

MARCH 1, 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. The eviction moratorium law is part of New York state’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Credit Corp

JANUARY 10, 2021

Here’s what landlords usually see in standard credit checks: Loans (current and past) Bankruptcies, foreclosures, and short sales Minimum payment amounts for debt accounts Late payment histories Credit histories Credit scores. Who Pays for a Landlord Credit Check? With a rental application, you’ll most likely pay for the credit check.

Education 96

Education Bankruptcy Repossession Foreclosure 96

Troutman Sanders

NOVEMBER 24, 2020

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. On November 16, the Federal Trade Commission (FTC) issued its Fiscal Year 2020 Agency Financial Report. For more information, click here.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

SEPTEMBER 14, 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

MARCH 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. You may access this interactive tool at [link]. For more information, click here. million are behind on rent. For more information, click here.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

OCTOBER 9, 2023

On October 4, the Federal Trade Commission (FTC) held a roundtable to discuss the impact of artificial intelligence on creative fields. The FTC alleged that the defendants pretended to be affiliated with the Department of Education, charged illegal junk fees, and offered students loan forgiveness promises that were not fulfilled.

Financial services 52

Financial services Student Loans Student loans Third-party Debt Collectors 52

Troutman Sanders

FEBRUARY 2, 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. The notice through this system is the first step in initiating the majority of residential foreclosures in Maryland.

Financial services 40

Financial services Foreclosure Banks Debt collector 40

Troutman Sanders

OCTOBER 19, 2020

On October 13, the Federal Trade Commission (FTC) warned consumers of scammers pretending to promise student loan debt relief. State Activities: On October 17, Massachusetts’ Eviction and Mortgage Foreclosure Moratorium Act (EMFM Act) expired. For more information, click here. For more information, click here.

Financial services 52

Financial services Student Loans Student loans Foreclosure 52