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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

House of Representatives Majority Whip Tom Emmer (R-MN) introduced a bill, prohibiting the Federal Reserve from issuing a retail central bank digital currency (CBDC) directly to the American public. The bill — the CBDC Anti-Surveillance Act — shares similarities to a prior version introduced by Emmer in 2022. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The bill would require digital asset firms to publish and distribute a prospectus that includes material information related to the firm’s business, financial condition, results of operations, risk factors, and conflicts of interests. Strengthen Retail (Consumer) Investor Protections.

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Enhancing Credit Management with Automation and Real-Time Data

Qualco

Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives. It provides real-time information, helps analyse spending patterns, assess financial health, personalise products, and detect fraud. By Guy Statter , Country Manager, UK & Ireland at QUALCO.

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13 Years of Success at Optio Solutions

Optio Solutions

13, 2020) — National debt collection agency Optio Solutions celebrated its 13th anniversary Feb. The new business results from developing partnerships with national clients in retail, education, financial services and other industries. Petaluma, Calif. 7 while experiencing steady growth over the last several years.

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Impact of The GLBA on Collection Agencies

Nexa Collect

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. Failure to comply with GLBA can have severe consequences for the collection agency, especially the owners and/or the CEO.

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How To Remove DCM Services From Your Credit Report

Better Credit Blog

Collections also result in frequent phone calls and letters, which can impact your daily life negatively. The guide below will teach you more about how collections agencies work and provide you with clear instructions for getting a collections account deleted from your credit report. How Does DCM Services Work?

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Small Business Debt Collection action ‘imperative’

UK debt collections

Chris Spencer of leading Small Business Debt Collection firm Federal Management said “In the current climate we would also advise to take some form of Small Business Debt Collection action and in some instances, it is imperative.” ” “Thousands of Small Businesses collapse every month due to not being paid.