Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. On October 11, the Securities and Exchange Commission (SEC) informed the U.S. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

FEBRUARY 13, 2024

Genesis filed for Chapter 11 protection in January 2023 with $5.1 On February 5, several banking and commerce associations filed a complaint in the U.S. On February 5, the Federal Reserve Board released the results from their January 2024 Senior Loan Officer Opinion Survey (SLOOS) on bank lending practices.

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52

Troutman Sanders

OCTOBER 3, 2023

The consumer appealed after the district court granted summary judgment to the creditor finding the consumer could not show harm for the creditor’s failure to conduct a reasonable investigation. BIS, along with the central banks of France, Singapore, and Switzerland, assisted with the proof of concept, known as Project Mariana.

Financial services 52

Financial services Student loans Student Loans Trade 52

Troutman Sanders

MARCH 11, 2024

Senator Lummis, a vocal supporter of Bitcoin, has been more critical of stablecoins, particularly Tether, and has opposed central bank digital currencies. The report found that the CFPB’s Office of Supervision Examinations (OSE) does not have a formal policy that requires bank examiners to rotate assignments in a specified time frame.

Financial services 52

Financial services Garnishment Lender Banks 52

Troutman Sanders

JULY 19, 2023

During September 2023, the FSB and the International Monetary Fund (IMF) are expected to release a joint paper that synthesizes the policy findings from IMF work on macroeconomic and monetary issues and the FSB’s work on supervisory and regulatory issues. For more information, click here. For more information, click here.

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Financial services Lender Trade Banks 40

Jimerson Firm

DECEMBER 11, 2023

at 2210–11. 5:21-CV-1073, 2023 WL 2572937, at *7 (N.D.N.Y. 20, 2023); Ortiz v. However, within one year, the Eleventh Circuit granted hearing en banc and vacated the judgment. District courts in the Second, Sixth, and Ninth Circuit have echoed similar endorsements for a finding of injury-in-fact. See Miller v. at 1358–59.

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Lawyers Judgment Consumer Credit Financial services 59

Troutman Sanders

AUGUST 1, 2023

Dream First Bank, National Association, has agreed to assume all the deposits of Heartland and almost all of Heartland’s failed bank assets. Dream First Bank, National Association, has agreed to assume all the deposits of Heartland and almost all of Heartland’s failed bank assets. For more information, click here.

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Financial services Financial Institution Debt collector Fair Debt Collection 52