Katabat

AUGUST 4, 2021

Pandemic’s “Credit Card Debt Paydown Miracle” May be Ending. Lots of people made lots of progress paying down debt and we would not have thought that at the outset of the pandemic,” said Ted Rossman, Senior Industry Analyst at CreditCards.com. The CFPB Confirms Nov. 30, 2021 Effective Date for Debt Collection Final Rules.

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Katabat

AUGUST 4, 2021

Pandemic’s “Credit Card Debt Paydown Miracle” May be Ending. Lots of people made lots of progress paying down debt and we would not have thought that at the outset of the pandemic,” said Ted Rossman, Senior Industry Analyst at CreditCards.com. The CFPB Confirms Nov. 30, 2021 Effective Date for Debt Collection Final Rules.

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Debt collector Credit Card Debt Fair Debt Collection Collections 52

Troutman Sanders

APRIL 4, 2022

Supreme Court significantly limited the jurisdiction of federal courts to confirm or vacate arbitral awards under Sections 9 and 10 of the Federal Arbitration Act (FAA) in Badgerow v. The impact of the ruling is significant and will result in parties turning to state courts to confirm arbitral awards in ostensible federal question cases.

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Troutman Sanders

JANUARY 20, 2023

Arizona Attorney General Mark Brnovich released opinion No. A Consumer Financial Protection Bureau (CFPB) advisory opinion , published on December 10, 2020, concluded that certain EWA products provided through an employer without charging the consumer a fee did not constitute “credit” under the Truth in Lending Act.

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Troutman Sanders

MAY 9, 2023

On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. The ruling stated that the SEC was still assessing a proposed definition for the term “digital asset.” The excise tax would then increase to 20% in the second year, and it would reach its maximum of 30% in year three.

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Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The stimulus package includes a provision that would end the current policy of considering any student debt forgiven taxable income.

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Troutman Sanders

NOVEMBER 16, 2021

Federal Activities: On November 10, the Consumer Financial Protection Bureau (CFPB) joined other government agencies to announced a return to enforcement of critical protections for families and homeowners. The guidance officially ends the adjustments put into place in April 2020. On November 10, U.S. Legislation S.6267a/A.268a

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