Creditors News

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Effective Date Extended for Gift Card Disclosure Requirements

The effective date is pushed back for disclosure requirements on gift cards produced before April 1, 2010.

Sep 2, 2010

Credit Card Delinquencies Continue to Fall in the Second Quarter of 2010

Average consumer credit card debt hits its lowest amount in eight years.

Sep 2, 2010

Housing Scorecard Shows Continued Progress, but Challenges Remain

The new report for August underscores there is more work ahead to stem foreclosures and delinquencies.

Sep 2, 2010

Creditor Defeats Consumers’ Motion to Stay Eviction Proceedings

Court permits collection law firm to proceed with foreclosure proceeding.

Sep 2, 2010

Final Rules Announced for Loan Originator Compensation

Federal Reserve announced the final rules on loan originator compensation practices.

Sep 2, 2010

Proposed Changes for Reverse Mortgages

Enhanced protections and disclosures for transactions involving reverse mortgage loans were proposed by the Federal Reserve Board on Aug. 16, 2010.

Aug 19, 2010

Final Rules Regarding Loan Compensation Practices

The Federal Reserve Board announced final rules regarding loan originator compensation practices.

Aug 19, 2010

Mortgage Loan Disclosure Rules

The Federal Reserve Board issued an interim rule and a final rule related to mortgage loan disclosure requirements.

Aug 19, 2010

Consumer Bankruptcy Filings Up 9 Percent in July

Filings also increased nine percent from the same period last year.

Aug 5, 2010

FTC Issues New Rules for Debt Relief Companies

Amendments to Telemarketing Sales Rule place restrictions on debt relief companies.

Aug 5, 2010

Pending Home Sales Decline After Tax Credit Expiration

Additional months of slow home sales are expected.

Aug 5, 2010

Final Rules Issued on SAFE Act Requirements for Registration of Mortgage Loan Originators

The final rules take effect on Oct. 1, 2010.

Aug 5, 2010

Truncation Requirements: What Businesses Should Know

Businesses should be aware the FCRA requires the truncation of certain credit and debit card receipts.

Aug 5, 2010

Only ‘Called Party’ Can Assert TCPA Claims

An unintended recipient of a telephone call does not have standing to bring an action under the TCPA.

Aug 5, 2010

Board of Directors Announced to Represent CI

Stephanie Williams and Julie Smith were appointed to serve as CI Representatives on the ACA Board of Directors.

Jul 8, 2010