Direct Recovery

JUNE 24, 2020

With an unprecedented number of Americans filing for unemployment, debt collection has been harder than ever for collectors who are attempting to work from home, and business isn’t going to get any better on account of those $1,200 stimulus checks, especially here in California. The Judgment Factor. Watch Out for Those Bank Charges.

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Troutman Sanders

AUGUST 7, 2023

On July 31, the District Court for the Central District of California entered judgment in favor of the court-appointed receiver of defendants True Count Staffing Inc., On July 31, the District Court for the Central District of California entered judgment in favor of the court-appointed receiver of defendants True Count Staffing Inc.,

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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.

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Troutman Sanders

SEPTEMBER 25, 2023

On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services. Increasingly, banks, brokers, and insurance companies are employing AI to process data, decide who can get a loan, and tailor financial products to customers. For more information, click here.

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Troutman Sanders

MAY 2, 2023

The bill additionally leaves room for assets that don’t fit neatly into either category. Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” The guidance also describes practices that may assist banks with managing overdraft protection program risks.

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Troutman Sanders

NOVEMBER 15, 2022

Director Chopra discussed potential resolutions on the hypothetical failure of three categories of systemically important financial institutions: (1) domestic systemically important financial institutions; (2) nonbank systemically important financial institutions; and (3) global systemically important banks.

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Better Credit Blog

JANUARY 5, 2021

While CBNA Sioux Falls might be an unfamiliar name, it represents Citibank, a national provider of banking services and credit cards. If the name is on your credit report, it’s most likely because you applied for a credit card from the bank. Citicards come in several categories, including: 0% APR. Balance transfers.

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