D.C. to Begin Implementation of Annual Report Requirement for Student Loan Servicers

Licensing

Note-on-Note Financing Explained: Borrowing Against Your Notes

Note-on-note financing is how note investors recycle capital without selling. The facilities are lightly licensed by name, but regulated at every edge.

Licensing

Buying Mortgage Notes From Banks: How It Works and What to Check

Banks sell notes to manage capital and clean up balance sheets. Buying them is the easy part; the diligence and the licensing plan are what separate professionals.

Licensing

Performing vs Non-Performing Notes: The Compliance Difference

The price discount on non-performing notes is compensation for work, and much of that work is regulated. Here is how the licensing analysis splits between the two.

Debt Collection & Buying

Data Privacy Laws: Implications for Fintech and Debt Collection

As the digital landscape continues to evolve, data protection laws have become the foundation in fortifying consumer privacy and reshaping how businesses manage and protect personal information. The enactment and subsequent amendments of the California Consumer Privacy Act (CCPA) signify a pivotal shift towards more rigorous consumer protection in the digital age. This legislation, emblematic [...]

Licensing

Only Make Privacy Promises You Can Keep: Data Security and Cyber Readiness - Top Regulatory Priorities

Regulators at the federal and state levels are focused on non-banks' cyber-readiness. In August 2022, the Consumer Financial Protection Bureau (CFPB) released circular 2022-04, confirming that a company's failure to safeguard consumer information, even if unintentional, could count as an unfair act or practice. Here is what the rule signals and how firms can prepare.

Licensing

DCA Produces NYC's Foreign Languages Services Documentation Requirements

DCA Produces NYC's Foreign Languages Services Documentation Requirements On June 27, 2020 new rules from New York City's Department of Consumer Affairs (DCA) took effect that, among other things, require debt collectors (first and third party) to request and record the language preference of each consumer from whom they collect and inform each consumer [...]