category ftc Financial services Related Topics 
Troutman Sanders
DECEMBER 5, 2022
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On December 1, U.S. central bank digital currency (CBDC).
Troutman Sanders
OCTOBER 4, 2022
On September 26, the Federal Trade Commission (FTC) issue blog post “Buy now, pay later — and comply with the FTC Act immediately,” regarding the marketing of payment plans known as Buy Now, Pay Later (BNPL). 8985 has been referred to the House Committee on Financial Services for its consideration.
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Troutman Sanders
OCTOBER 26, 2020
On October 22, the Federal Trade Commission (FTC) launched a new website, ReportFraud.ftc.gov , where consumers can report fraud and all other consumer issues directly to the FTC. Privacy and Cybersecurity Activities: On October 23, the FTC shared with consumers tips for identifying whether a COVID-19 clinical trial is a scam.
Troutman Sanders
MARCH 8, 2021
Senator Kevin Cramer intends to introduce legislation to codify a rule from the Office of the Comptroller of the Currency, which will require banks to conduct a risk assessment of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers when provisioning access to services, capital, and credit.
Collection Industry News
MARCH 14, 2022
Behavioral nudges may not necessarily fall under this category, but it shows the high degree of scrutiny that this type of practice will face. . Read More: AI in Financial Services in 2022: US, EU and UK Regulation .
Troutman Sanders
DECEMBER 19, 2023
For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements.
Troutman Sanders
JANUARY 23, 2024
These discharges are the result of fixes to income-driven repayment (IDR) forgiveness and public service loan forgiveness (PSLF) made by the administration. The debt relief is broken down into the following categories: $1.7 According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.
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