Troutman Sanders

MARCH 4, 2024

On February 29, the Consumer Financial Protection Bureau (CFPB) issued a circular to law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks. For more information, click here.

Financial services 52

Financial services Law Firms Acquisition Debt collector 52

Troutman Sanders

JUNE 14, 2023

On June 7, the FTC announced that it is seeking public comments and suggestions on ways it can work more effectively with state attorneys general nationwide to help educate consumers about, and protect them from, potential fraud. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

FEBRUARY 22, 2021

The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. State Activities: On March 1, private and federal student loan servicers practicing in Virginia can begin applying for licenses through the Nationwide Mortgage Licensing System. For more information, click here.

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Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

JULY 12, 2021

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Privacy and Cybersecurity Activities. Federal Activities: On July 9, the U.S.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

True Accord

AUGUST 11, 2022

As reported by the Milken Institute , only about 57% of the American population is considered financially literate. Overall, lower levels of financial literacy end up contributing to increased rates of bankruptcy, defaults, and foreclosures.

Acquisition 61

Acquisition Debt Recovery Education Student loans 61

Troutman Sanders

JUNE 1, 2021

Department of Education, announced that the department will reverse a policy put in place during the Trump administration that blocked state and federal regulators from accessing records needed to investigate student loan lenders, servicers, and private collection agencies. For more information, click here. On May 25, U.S.

Financial services 52

Financial services Government Foreclosure Loans 52

Troutman Sanders

SEPTEMBER 21, 2020

Federal Activities: On September 18, 2020, the Federal Reserve Board updated its frequently asked questions (FAQs) to clarify the Board’s and Department of Treasury’s expectations for lenders underwriting the Main Street Lending Program. The sum in July of all net foreign acquisitions of long-term securities, short-term U.S.

Financial services 52

Financial services Banks Government Acquisition 52