Public Citizen

NOVEMBER 8, 2021

A recent report by the Federal Trade Commission staff shows that many internet service providers (ISPs) collect far more data about their customers than many consumers may expect — including access to their Internet traffic and real-time location data — while failing to offer consumers meaningful choices about how they may use the data.

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Troutman Sanders

JANUARY 26, 2022

After outlining the risks and deficiencies in the current regulatory landscape as it relates to stablecoins, the Report recommended that Congress enact legislation requiring that stablecoins be governed according to a comprehensive federal framework. The Report covers each of these risk categories in detail.

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Troutman Sanders

NOVEMBER 21, 2023

He also discussed the Federal Reserve’s supervision program, which he thinks will provide clarity on banks that engage in crypto initiatives. On November 17, the International Organization of Securities Commissions finalized its recommendations for crypto regulatory frameworks in a report. For more information, click here.

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Troutman Sanders

NOVEMBER 15, 2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. On November 7, a federal judge of the U.S. State Activities. For more information, click here.

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Troutman Sanders

OCTOBER 21, 2022

On October 20, the Federal Trade Commission (FTC) issued an Advanced Notice of Proposed Rulemaking, seeking public comment on the harms stemming from what it characterizes as “junk fees,” i.e., fees that are allegedly unnecessary, unavoidable, or unexpected, and that inflate costs while adding little value.

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Troutman Sanders

MARCH 11, 2024

On March 6, the Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam called on Congress to pass legislation addressing regulatory jurisdictions in the crypto industry. The SEC alleged that Shapeshift violated Section 15(a) of the Securities Exchange Act of 1934 by facilitating trades in crypto assets without registration.

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Troutman Sanders

NOVEMBER 7, 2022

The Federal Trade Commission (FTC) reached a $100 million settlement with Vonage over allegations that the internet phone service provider violated the FTC and Restore Online Shoppers’ Confidence Act (ROSCA) by adding “junk fees” and using “dark patterns” to make it difficult for consumers to cancel.

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Troutman Sanders

DECEMBER 5, 2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. Federal Activities: On December 1, U.S. State Activities. central bank digital currency (CBDC).

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Troutman Sanders

MAY 2, 2023

The bill additionally leaves room for assets that don’t fit neatly into either category. The interim final rule contains updates to reflect the subsequent enactment of the Adjustable Interest Rate (LIBOR) Act and issuance of an implementing regulation by the Board of Governors of the Federal Reserve Board System.

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Troutman Sanders

MARCH 8, 2021

As we recently reported , the Federal Communications Commission (FCC) provided new maximum call guidance in a December 2020 order (Order) for callers subject to the Telephone Consumer Protection Act (TCPA). Trade associations have now formally asked the FCC to remove the written consent requirement from the proposed regulation.

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Credit Corp

NOVEMBER 9, 2020

The Fair Debt Collection Practices Act is a federal law that protects consumers against certain unfair collection practices. In its annual report to Congress about debt collection complaints, the Consumer Financial Protection Bureau described collection complaints received by the Federal Trade Commission (FTC).

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Troutman Sanders

DECEMBER 19, 2023

On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” On December 13, by a vote of 4-1, the Federal Communications Commission (FCC) adopted new rules aimed at “closing the ‘lead generator’ robocall/robotexts loophole.”

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Collection Industry News

MARCH 14, 2022

Securities and Exchange Commission Chair Gary Gensler delivered his remarks on Thursday March 10 before the Investor Advisory Committee that was devoted to the use of artificial intelligence in robo-Advisory services and cybersecurity disclosures. . Source- site. Read More: AI in Financial Services in 2022: US, EU and UK Regulation .

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Credit Corp

SEPTEMBER 21, 2021

Different cards earn cash back in different categories and at different rates, varying from 1% to 6%. Federal law allows you to periodically get a free copy of your credit report. Other options include cashback credit cards that offer money back on every purchase. Read More: What’s in a Credit Score?

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Collection Industry News

JUNE 13, 2022

These concerns have been expressed through high-visibility statements that have included congressional testimony and speeches before trade associations and consumer advocacy groups—all of which have raised the alarm by financial intermediaries of the threat of imminent and severe federal enforcement actions. A Little History.

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Troutman Sanders

AUGUST 17, 2020

To help you keep abreast of relevant activities, below is 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. For more information, click here.

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Troutman Sanders

OCTOBER 26, 2020

To help you stay 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. For more information, click here.

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Troutman Sanders

MARCH 8, 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. Federal Activities: On March 6, the U.S. State Activities. Senate passed a $1.9

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Burr Forman

DECEMBER 1, 2020

It is increasingly important for mobile app developers to ensure their products comply with all governing state and federal laws, and it is critical to understand which business changes might place your product under a different legal framework. Reprinted with permission from the Nashville Medical News. billion market by 2026.

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Credit Corp

MARCH 8, 2023

Breaks your credit performance down into five major categories, scoring each with an easy-to-understand letter grade. The Federal Trade Commission. You can also learn about your rights under federal credit and debt laws. This free tool: Gives you some insight into what might be on your credit report.

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Troutman Sanders

AUGUST 14, 2023

On August 9, the Securities and Exchange Commission (SEC) filed an interlocutory appeal in SEC v. Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. For more information, click here. Ripple Labs , et al. , 20-cv-10832 (S.D.N.Y.), a case in which the Hon.

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Credit Corp

MAY 9, 2023

The average credit score in America was 714 in 2022, and you can generally categorize your score based on these ranges: 300-579: Poor 580-669: Fair 670-739: Good 740-799: Very good 800+: Excellent Once you know which category your score falls into, you’ll have a better idea how to strategize to secure your car loan.

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Troutman Sanders

MAY 3, 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. For more information, click here.

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Fico Collections

APRIL 29, 2022

About 56,000 romance scams, totaling $139 million in losses, were reported to the Federal Trade Commission last year, according to agency data. That is nearly twice as many reports as the agency received the previous year.

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Burr Forman

MAY 5, 2021

The NCAA is undoubtedly looking to the United States Congress to pass a federal law that would supersede state laws, create uniform NIL compensation rules, and protect the NCAA from legal actions. ESTABLISHMENT OF THE ALABAMA COLLEGIATE ATHLETICS COMMISSION. The Act establishes the Alabama Collegiate Athletics Commission.

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Troutman Sanders

OCTOBER 27, 2021

Federal Trade Commission (FTC) and as senior advisor to the White House under President Obama. In these academic roles, Soltani’s research has focused on areas, such as consumer protection, online tracking, surveillance, and mobile privacy. Soltani formerly served as chief technologist for the U.S.

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Credit Corp

JUNE 1, 2023

This is because collections fall under the category of payment history, which accounts for 35% of your FICO credit score , making it the biggest impact on your score. If a debt collector has infringed on any of these rights, you can file a report with your state’s Attorney General’s office or the ​​ Federal Trade Commission (FTC).

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Credit Corp

JANUARY 25, 2022

million identity theft reports were filed with the Federal Trade Commission—that’s almost double the number from 2019. This can help you add positive payment history for things you’re already paying on-time. Guard It: In 2020, more than 1.4 Balance Transfer: 8.99% -29.99%. Annual Fee: $0. Snapshot of Card Features.

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Nexa Collect

JULY 1, 2020

For FICO scores, the following 5 categories of information are the most important when assessing your individual rating: Payment history: 35%. In the event of an identity theft, the Federal Trade Commission states that you can “block those charges from appearing on your credit report. Amount you owe: 30%.

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Troutman Sanders

FEBRUARY 8, 2021

” Here, the court reasoned that the plaintiff’s claim that the defendant’s letter was “false and misleading” fell within that category. The court granted the defendant’s Rule 12(b)(6) motion to dismiss on one count, but denied it on the other three counts.

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Collection Industry News

FEBRUARY 21, 2022

The CFPB noted that “incorrect information on your [consumer] report” has been the largest category of consumer complaints it has received for at least the past five years. As for federal courts, both the U.S. The CFPB, the U.S. In a statement regarding the CFPB’s recent advisory opinion, CFPB Director Rohit Chopra seems to agree.

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Credit Corp

JUNE 1, 2021

List ongoing monthly expenses in four categories: fixed costs that stay the same every month (such as a mortgage or rent payment); variable expenses that change each month but are “must-buy” items (such as food, gas, and medicine); savings (it’s a mandatory “bill”); and spending money. This will tell you how much you have to spend.

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