Credit Grantors News

A credit grantor is any individual or business that extends credit to customers. The credit can be for other businesses or consumers and can come in many forms, such as closed-end loans (like auto loans, mortgages, and student loans), revolving loans (like credit cards or certain home equity loans), or a hybrid of the two. Some credit is backed by property or assets. In the U.S., the primary credit grantors are large commercial banks and credit unions. But credit is also extended by small businesses, governments, and other organizations.

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OCC Issues Final Rule to Fix Madden, and Clarify the Validity of the ‘Valid When Made’ Doctrine

3 June 2020

Minnesota Order Protects Stimulus Checks and Halts ALL New Garnishments

6 May 2020

Senators Warren and Schatz Question Credit Bureaus About Their Compliance with CARES Act Requirements

30 April 2020

Rhode Island Exempts Stimulus Checks from Seizure by Creditors and Debt Collectors

29 April 2020

Roundup of New Pandemic-Related Debt Collection Guidance From the Past Week (WI, IL, WA, OH)

16 April 2020

DC Prohibits Outbound Collection Efforts Amid COVID-19

8 April 2020

Massachusetts Releases FAQs About Its COVID-19 Guidance

6 April 2020

7th Cir. Holds Creditor Liable for Its Counsel’s Bankruptcy Discharge Violation

22 October 2019

Lively Debt Collection Debate Likely in House Fin. Servs. Committee Hearing Tomorrow

25 September 2019

The CFPB’s Proposed Debt Collection Rules—What They Mean for Financial Institutions That Outsource to Collection Vendors

10 September 2019

Capital One Latest to Be Caught in Data Breach, Affecting 100M Consumers

30 July 2019

SCOTUS Adopts ‘Objectively Reasonable’ Standard for Violations of Bankruptcy Discharge Orders in Context of Civil Contempt

24 July 2019

Arbitration Clauses: What Works, What Doesn’t, and How Creditors Can Help

27 June 2019

Why Creditors and Servicers Should Care About the CFPB’s Proposed Debt Collection Rules

14 May 2019

Debt Buyers in N.D. Illinois Beware: Purchase May Not Transfer Right to Collect Post-Charge Off Interest, According to Court

1 April 2019

Ninth Circuit Court of Appeals Confirms That Creditors Are Not Per Se Liable for Calls Placed by Collectors– but Rules Against Creditor Anyway

26 March 2019

insideARM Hires Expert to Launch Commercial Credit and Collections Vertical

25 March 2019

CFPB FDCPA Report Shows Market Trends, Frowns Upon Creditors Responding Directly to Verification Requests

21 March 2019

Arbitration Back in the Limelight: Bill Introduced to Limit Arbitration for Consumers

4 March 2019

CFPB Publishes its Fall 2018 Semi-Annual Report: Credit Invisibility, Mortgage Shopping, Consumer Complaints, and a Laundry List of Enforcement Actions

27 February 2019