CHICAGO, Feb. 18, 2021 (GLOBE NEWSWIRE) — Consumer credit activity picked up in the final quarter of 2020 as balances increased across most credit products and originations activity rose from the lows observed during the early stages of the COVID-19 … Continue reading →
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Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is … Continue reading →
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California based Centerdon Group bills itself as a “multi-jurisdictional law firm providing an attorney-based solution to get you debt free.” – Source The State of Delaware, which never makes much of an appearance in debt relief cases, has filed a … Continue reading →
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Tallahassee – The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides fast and direct economic assistance for consumers and businesses negatively impacted by COVID-19, includes requirements regarding consumer credit reporting. The Office of Financial Regulation (OFR) says it … Continue reading →
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Small claims cases involving collection agencies, hospitals and credit card companies against debtors are on the rise in Philadelphia Municipal Court, according to a recent study from the Pew Charitable Trusts. Additionally, defendants appearing in Municipal Court are far more … Continue reading →
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Tuesday, February 9, 2021 In July 2020, the Supreme Court held in Barr v. Am. Ass’n Policitical Consultants, 140 S. Ct. 2335 (2020) that the TCPA’s government debt exception passed by Congress in 2015 rendered the statute an unconstitutional content-based restriction on … Continue reading →
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A bill is being introduced in the Ohio Legislature that would halt the collection of student and medical debt owed to state universities and hospitals. Statehouse correspondent Jo Ingles explains. The bill (HB32) would do what is already being done … Continue reading →
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On January 21, the CFPB issued a Small Entity Compliance Guide summarizing the October 2020 Debt Collection Rule. The Debt Collection Rule amends Regulation F, 12 CFR Part 1006 and becomes effective on November 30, 2021. The Debt Collection Rule … Continue reading →
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The United States Court of Appeals for the Seventh Circuit has recently released a veritable avalanche of debt collector-friendly opinions regarding “standing” under the Fair Debt Collection Practices Act (FDCPA), which given the relative dearth of lender-slanted opinions in this legal niche, seems practically momentous. As of the … Continue reading →
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Every new presidential administration gets to make its imprint on regulations — and by extension, the financial services industry. In the midst of grappling with the pandemic and the headwinds still buffeting the U.S. economy, the President Joe Biden administration … Continue reading →
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