Loans Third-party Debt Collectors Trade 
Better Credit Blog
AUGUST 31, 2020
Debt collectors are notorious for harassing consumers when they seek repayment, calling excessively and threatening to take actions that may not be legal. What you may not know is that you are protected by the Fair Debt Collection Practices Act (FDCPA), a law designed to keep third-party debt collectors in check when they contact you.
Troutman Sanders
DECEMBER 21, 2021
Department of Education’s decision to terminate its federal student loan contracts with private collection agencies. State Activities: On December 15, the New York Department of Financial Services released a notice of proposed rulemaking (NPRM) for third-party debt collectors and debt buyers.
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Troutman Sanders
MARCH 21, 2023
The bulletin details recent findings by CFPB examiners that certain loan servicers illegally returned loans to collections after bankruptcy courts discharged the loans. For more information, click here. For more information, click here. For more information, click here. Supreme Court’s Howey Test.
Troutman Sanders
OCTOBER 9, 2023
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. On October 4, the Federal Trade Commission (FTC) held a roundtable to discuss the impact of artificial intelligence on creative fields.
Troutman Sanders
DECEMBER 27, 2021
Federal Activities: On December 22, President Joe Biden announced that the pause on federal student loan repayments would be extended for an additional 90 days through May 1, 2022. State Activities. Privacy and Cybersecurity Activities. For more information, click here. The year 2020, by contrast, saw an unprecedented decline of 11.7
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