News & Analysis as of

Regulatory Requirements Borrowers Consumer Reporting Agencies

Orrick, Herrington & Sutcliffe LLP

Illinois enacts law limiting liability for coerced debt

On August 18, Illinois enacted HB 3352, amending the state’s Collection Agency Act to add Section 9.6 and establish that “a debtor is not liable for any coerced debt.” The law defines “coerced debt” as debt incurred through...more

Ballard Spahr LLP

House Financial Services Committee approves ‘trigger leads’ bill

Ballard Spahr LLP on

The House Financial Services Committee has approved a bill that would restrict the use of “trigger leads” in the mortgage industry. ...more

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