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The Latest on HUD’s Disparate Impact Rule

Troutman Sanders

Topics include an analysis of the rule’s many versions over the last 10 years, HUD’s reaction to the U.S. Supreme Court’s 2015 Inclusive Communities decision, what we should expect from an enforcement and litigation standpoint, and what industry participants should do in light of these developments.

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New TCPA Rules: Revoking Consent to Robocalls and Robotexts

Troutman Sanders

The adopted Report and Order and Further Notice of Proposed Rulemaking implemented new rules regarding revocation of consent to robocalls and robotexts — clarifying rulings from 2012 and 2015. Callers must honor do-not-call and revocation requests “as soon as practicable” — no later than 10 business days after the request.

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10 Cleaning Franchise Opportunities for 2021

Nerd Wallet

The cleaning industry saw a predictable downturn during the 2009 recession, but it’s since recovered in full force: In 2015, the industry gained $51 billion in revenue. The article 10 Cleaning Franchise Opportunities for 2021 originally appeared on NerdWallet. And according. Meredith Wood writes for NerdWallet.

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The CFPB Takes Aim at Overdraft Fees

Troutman Sanders

The first indicated that in 2019 alone, overdraft and other nonsufficient fund fees generated over $15 billion in revenue for consumer banks, with large banks (those with assets over $10 million), collecting three-quarters of the total revenue reported. Bureau, Prepared remarks of CFPB Director Rohit Chopra on the Overdraft Press Call (Dec.

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10 year ban for dodgy Director

UK debt collections

The insolvency service has issued a huge 10 year ban to a rogue director following investigations. Grigorijs Hacaturjancs, 34, originally from Latvia, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. His disqualification is effective from 12 July 2022 and lasts for 10 years.

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CFPB Secures Consent Order Against Student Loan Servicer for Failure to Comply with 2015 Consent Order and Alleged Deceptive Acts and Practices

Collection Industry News

against a national student loan servicer based on its failure to comply with a 2015 consent order issued by the CFPB. The consent order requires the company to pay a $25 million civil money penalty, at least $10 million in consumer redress, and to take steps to prevent future violations. that it had secured a consent order ?

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Get Ahead with Early Out

Credit Management Company

In 2021, the average patient out-of-pocket costs jumped about 10% compared to 2020—or to about $1,650 per person. Experts expect that the rate of increase for out-of-pocket medical expenses will continue to climb by nearly 10% each year for the next five years. of hospitals were losing money as of 2015.)