2023 11 Debt collector Related Topics 
Troutman Sanders
APRIL 6, 2023
In a significant boost to the financial services industry, Utah has taken major steps to streamline its debt collection bureaucracy — including the removal of criminal penalties for failure to comply with technical requirements. See Utah Code Ann. § As a consequence of the repeal, such lawsuits may no longer be viable in Utah.
Troutman Sanders
JUNE 23, 2023
During the 60-day period following the notice, a collection agency cannot take “any action to collect a medical debt.” In an opinion dated June 15, 2023, a majority of the three-judge panel affirmed the district court’s order. After all, “there is only one reason debt collectors reach out to debtors — to collect debts.”
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Troutman Sanders
NOVEMBER 13, 2023
On November 7, the Commodity Futures Trading Commission (CFTC) announced that, in 2023 alone, the cumulative penalty amount stemming from consent orders it entered with digital asset-based companies totaled $4.3 For more information, click here. For more information, click here. For more information, click here.
Troutman Sanders
JANUARY 19, 2023
May a debt collector incur liability under the Fair Debt Collection Practices Act (FDCPA) by seeking to collect a debt under a state court judgment later determined to be void? Not according to the Third Circuit Court of Appeals in a nine-page opinion issued on January 11, 2023 in the case of Barbara Lowe v.
Troutman Sanders
DECEMBER 19, 2023
On December 12, the Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3% On December 11, the OCC published its 2023 Annual Report.
Troutman Sanders
AUGUST 1, 2023
An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. On July 26, the CFPB published its Summer 2023 Supervisory Highlights report. The amendment, led by U.S. For more information, click here. Bonta, along with the U.S. For more information, click here.
Troutman Sanders
FEBRUARY 6, 2023
The class consisted of “all persons or entities that transacted in the Tokens” on Coinbase’s exchange platform between October 8, 2019 through March 11, 2022 — the class-action lawsuit filing date. The 2023 letter constitutes a follow-up response to the senators’ December 5, 2022 letter sent to Silvergate.
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