Remove privacy email-privacy-act-statement
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An email is less intrusive than a phone call, finds N.D. Illinois while granting TrueAccord’s motion to dismiss

True Accord

TrueAccord) in the Northern District of Illinois continues to showcase the benefits of digital collection as the court found receiving an email about a debt is less intrusive to consumers than receiving a phone call. By Katie Neill & Steve Zahn A court victory by TrueAccord Corp. In the Branham v. Supreme Court required in Spokeo, Inc.,

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. These rescissions signal the CFPB’s notice of intent to exercise the full scope of the supervisory and enforcement authority provided under the Dodd-Frank Act. One of the rescinded policy statements concerns the Fair Credit Reporting Act (FCRA) and Regulation V.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Congressmen Mike Flood (R-NE) and Wiley Nickel (D-NC) introduced a resolution under the Congressional Review Act (CRA) to repeal the SEC’s Staff Accounting Bulletin 121 (SAB 121). 45, and the Telemarketing and Consumer Fraud and Abuse Prevention Act. For more information, click here. On February 1, U.S.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. On December 16, the Federal Reserve Board and the Federal Deposit Insurance Corporation announced the 2022 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their Community Reinvestment Act regulations. State Activities. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Year-end data from the September 2020 Monthly Treasury Statement of Receipts and Outlays of the United States Government show a $3.1 State Activities: On October 17, Massachusetts’ Eviction and Mortgage Foreclosure Moratorium Act (EMFM Act) expired. State Activities.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. trillion American Rescue Plan Act into law, which will send aid to millions of Americans impacted by the COVID-19 pandemic. House of Representatives that seeks to amend the Fair Credit Reporting Act to exclude COVID-19-related evictions from consumers’ credit reports. State Activities.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. The 654-page proposal would expand the definition of an “exchange” in Exchange Act Rule 3b-16(a) to include “communication protocol systems that make available for trading any type of security.” For the full list of tips and statement, click here. State Activities.