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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. Your consumer and non-consumer debts impact your ability to file Chapter 7 bankruptcy, and your debt types also determine what’s protected by an automatic stay when filing Chapter 13 bankruptcy.

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Big Tech in the CFPB’s Crosshairs: Bureau Proposes to Supervise Larger Technology Companies Offering Digital Wallets and Payment Apps

Troutman Sanders

On November 7, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule with request for public comment to amend existing regulations defining “larger participants” the CFPB supervises by adding a new section to define larger participants that offer digital wallets, payment applications, and similar services.

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6 Best Personal Finance Courses

Credit Corp

With personal finance, it seems that many people are unaware of the best techniques they can use for budgeting and saving money. So, even more experienced people tend to make simple finance-related mistakes they could have avoided quite easily. Luckily, there are many great personal finance courses available online.

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California Legislation Strengthens Consumer Protections for Servicemembers

Troutman Sanders

On September 27, California Governor Gavin Newsom signed Senate Bill 1311 , the Military and Veteran Consumer Protection Act of 2022 (the Act), into law. The Act takes direct aim at, among other things, the Military Lending Act’s (MLA) exceptions for loans obtained to purchase motor vehicles and other forms of personal property.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 29, Acting Comptroller of the Office of the Comptroller of Currency (OCC) Michael J.

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Raising Elder Fraud Awareness to Prevent Real Estate Scams

Fico Collections

World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse. However, the hot real estate market has been a stark contrast to many seniors’ cooling personal finances. Scammers capitalize on a hot real estate market.

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Q1 Industry Insights: Economic Stressors Persist while Pandemic-era Benefits End

True Accord

It’s tax season again, which can mean tax refunds for consumers that have historically been leveraged to stabilize finances or pay down debt. But with inflation and economic stressors persisting into the new year, many consumers are conflicted on their financial outlook and spending behavior is hard to predict. following a 0.5%