CollectProtect: A Difference Maker in Malpractice Insurance for Collection Attorneys

Licensing

When Home Equity Investments Become Mortgage Loans: What State Licensing Changes Mean for Providers

As more states bring home equity investment agreements under mortgage lending laws, providers face new licensing requirements and regulatory challenges. Recent developments in Massachusetts, Maine, Illinois, and Connecticut highlight what lenders, fintechs, and investors need to consider when offering these products or expanding into new markets.

Licensing

Planning to Expand in 2027? Start With a Licensing Roadmap

Planning to expand into new states or launch new financial services in 2027? Learn how to build a licensing roadmap, navigate state-specific requirements, and prepare for a smoother, more efficient expansion.

Licensing

7 Business Changes That Could Affect Your Licenses

State licensing agencies rely on current information about the businesses they regulate. This can include ownership, management, physical locations, trade names, and individuals responsible for licensed activities. When that information changes, licensees may be required to notify regulators within a specific timeframe. Some changes must be approved before they take effect.

Licensing

Colorado Student Loan Servicers Act Takes Effect

S.B. 19-002 (the Colorado Student Loan Servicers Act) was signed into law on May 13, 2019 and took effect on August 2, 2019. Among other things the law generally requires servicers of student loans owed by Colorado residents to be licensed by Colorado's Uniform Consumer Credit Code (UCCC) Administrator. Colorado now joins California, Connecticut, District of [...]

Licensing

New Colorado Website Requires Updated Communication to Consumers

Communication with Colorado Consumers must reflect the new website: www.coag.gov/car Greetings, It has recently come to our attention that some collection agencies may be using an outdated website address in communication with Colorado consumers in connection with debt collection. The website address (WWW.AGO.STATE.CO.US/CADC/CADCMAIN.CFM) listed in § 5-16-105(3)(c) of the Colorado Fair Debt Collection Practices Act [...]

Compliance

Compliance Corner: An Apple a Day Isn't Keeping Changes to Laws Affecting Medical Debt Away

While the August 12, 2024 deadline for comments on the proposed rules published by the Consumer Financial Protection Bureau ("CFPB") is quickly approaching, the landscape for vendors of all sorts working on the revenue cycle side of healthcare continues to change. A key priority in Washington, D.C. has been to address the issue of roughly [...]