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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the Securities and Exchange Commission (SEC) informed the U.S. On October 11, B25-0449 was signed by Mayor Muriel Bowser (D).

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Further, the SEC alleged that during the 2018 initial coin offering of “Thor” tokens, the tokens had no practical use, and the tokens themselves were marketed as an investment vehicle that might rise in value based on Thor’s and the co-founders managerial and entrepreneurial efforts in developing the gig economy software platform.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On September 11, 2020, the Louisiana Public Service Commission, issued an order to resume telephonic solicitations into the state in compliance with the general provisions of the Louisiana Public Service Commission Do Not Call Program General Order. For more information, click here. Version 3.2

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UK Credit Cards: Are "Established" Accounts in Trouble?

Fico Collections

It was 18 percent higher in 2018. It was 66 percent higher in February 2018. In comparison, the average Established cards balances at risk was 47 percent higher than all vintages in 2018. Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? It was 53 percent higher five years ago.

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FICO Fact: Can having no credit score be better for consumers than a low credit score?

Fico Collections

Tue, 07/19/2022 - 16:11. She is driven by the positive impact that FICO makes on the lives of consumers by working collaboratively with the financial services industry. Joanne is frequently quoted in the WSJ and other financial press on credit related topics and launched the FICO Score A Better Future program in 2018.

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Sixth Circuit Holds Consumer Has No Standing to Bring FDCPA Claim

Consumer Financial Services Law

Demers & Adams, 2018 U.S. 2018), a letter from a law firm advising the consumer that the creditor would not seek recovery of the deficiency balance resulted in an FDCPA claim. 1692e(11) because it did not disclose the communication was from a debt collector. . Hagy at *11. LEXIS 3710, 882 F.3d 3d 616 (6 th Cir.

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Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

a United States District Court in the 11 th Circuit analyzed the issue of whether a creditor’s issuance of a 1099-C extinguishes or cancels a debt. 1:11–cv–72, 2012 WL 1098619, at *7 (W.D.N.C. A majority of courts have held that the issuance of a 1099-C does not automatically discharge a debt or prohibit future collection activities.

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