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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

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.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On April 23, the Nevada Assembly Committee on Commerce and Labor conducted a hearing on an amended version of S.B. For more information, click here. 248, a bill revising provisions for collecting medical debt. ” To read more about the EEOC’s announcement, click here.

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Federal Agencies Take Unprecedented Action to Strengthen Public Confidence in Banking System

Troutman Sanders

In the past, the FDIC only provided up to $250,000 per insured depositor, per institution, and per ownership category. The FDIC was also appointed receiver of Signature Bank, which was closed on March 12, 2023, by the New York Department of Financial Services.

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