Growing up in New England we both heard that there were three things you should never discuss in public. Politics and religion were two. The third could differ....more
4/5/2023
/ Advisory Opinions ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Debt Collection ,
FDCPA ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Services Industry ,
Policy Statement ,
Regulation F ,
Supervisory Guidance
In last month's issue of Insights we discussed a new licensing regime in the Commonwealth of Massachusetts specific to student loan servicers. As of the publication date of that article the rules such servicers must follow...more
The New York City Department of Consumer and Worker Protection ("DCWP") (formerly the Department of Consumer Affairs) promulgated new debt collection rules this spring to provide protections to consumers with limited English...more
10/2/2020
/ Burden of Proof ,
City of New York ,
Consumer Protection Laws ,
Creditors ,
Debt Collection ,
Debt Collectors ,
Debtors ,
FDCPA ,
Foreign Language ,
Local Ordinance ,
New Rules ,
Popular ,
State and Local Government ,
Unfair Trade Practices Act
We are living in and through unprecedented times. The coronavirus pandemic sweeping across the globe has had a number of crippling effects on the nation - pushing its healthcare system to the brink, driving many out of the...more
The New York Department of Financial Services ("DFS") has finalized the last piece of the Empire State's student loan servicer puzzle. On October 1st, the DFS issued a Student Loan Servicers Regulation (the "Regulation") that...more
12/27/2019
/ Debt Collection ,
Federal Student Loans ,
Higher Education Act ,
Loan Servicer ,
New Regulations ,
NYDFS ,
Private Student Loans ,
Regulation Z ,
State Regulators ,
Student Loan Servicers Regulation ,
Student Loans