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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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 The bill includes legislation titled the Buy Now Pay Later Act (the act) that will amend the current banking law.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Senator Cynthia Lummis (R-WY) stated their belief that President Biden will sign the first comprehensive cryptocurrency regulatory scheme into law within the next year. However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced.