Daily Archives: January 22, 2021

Massachusetts establishes student loan servicer licensing provisions

InsightsBy APPROVED Licensing January 22, 2021

The new provisions stipulate that servicers are not required to be licensed as a debt collector or be registered as a third-party loan servicer, provided they meet certain criteria.

DFPI launches debt collection investigation

InsightsBy APPROVED Licensing January 22, 2021

California’s Department of Financial Protection and Innovation announced the issuance of subpoenas to a dozen debt collection companies as part of its investigation into consumer complaints regarding alleged UDAAP practices.