Friday, April 9, 2021 Whether you are a board member or a property manager for a community association (“Association”), you have probably dealt with owners that fail to pay their assessments, and whose accounts need to be referred for collection. … Continue reading →
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Overall, 2020 was a record year for the housing finance industry, but not everyone reaped the same gains from it, early analyses of Home Mortgage Disclosure Act data show. Nonbanks claimed more market share, and annual origination gains for Hispanic, … Continue reading →
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Shutterstock / Shutterstock One of the more fascinating platform items of the Biden presidential campaign was the idea of transferring consumer credit ratings from Equifax (NYSE: EFX), Experian PLC (OTC: EXPGY) and TransUnion (NYSE: TRU) to a public registry under … Continue reading →
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On April 7, the Consumer Financial Protection Bureau issued a Proposed Rule that would postpone the effective date of the Debt Collection Final Rules, Part 1 and Part 2, by 60 days, from Nov. 30, 2021, to Jan. 29, 2022. … Continue reading →
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Almost one-in-10 likely student loan borrowers on an income-based repayment plan have less than 28% of their monthly income left over to cover housing costs, disqualifying them for most mortgages. Half of renters and 39% of buyers delayed their decision … Continue reading →
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Maryland could become the latest state to have a medical debt collection bill on the books after SB 514 and HB 565 were approved 47-0 and 134-0 in the state’s Senate and House, respectively. The bill includes requirements for hospital … Continue reading →
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The U.S. Court of Appeals for the Ninth Circuit recently reversed a trial court’s dismissal of allegations that the defendant violated the federal Fair Debt Collection Practices Act (FDCPA) by sending a collection letter threatening litigation over a time-barred or … Continue reading →
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On April 1, the U.S. Court of Appeals for the Fifth Circuit upheld a district court’s ruling in favor of defendant credit repair organizations (including a law firm), holding that plaintiff data furnishers failed to provide sufficient evidence supporting their … Continue reading →
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Congressman Darrell Issa, R-Calif., on proposed tax hike for infrastructure bill. When Covid-19 hit the economy, most debt collectors gave borrowers a break, cutting back on lawsuits amid lockdowns, closed courts and loan-forbearance initiatives. One of the biggest and least-known … Continue reading →
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The Consumer Financial Protection Bureau and Federal Trade Commission will crack down on eviction practices they think violate laws like the Fair Debt Collection Practices Act and the Federal Trade Commission Act, according to a joint statement by the two entities … Continue reading →
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