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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 21, the CFPB announced that it approved an application that marks the first step for piloting disclosures for construction loans. The DFPI also provided advice on how consumers can safeguard against these scams, emphasizing that if an offer appears too good to be true, it likely is. For more information, click here.

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The Top Five Things Lenders Need to Know About Florida’s Construction Lien Law

Jimerson Firm

Florida’s Construction Lien Law found in Chapter 713, Florida Statutes, may seem like an area of the law that is only relevant to contractors and property owners. However, there are important aspects of the Construction Lien Law that can directly affect the rights and obligations of lenders in numerous ways. Specifically, under Fla.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Notably, the RBA and DFCRC did not construct this project as a CBDC pilot. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities. Instead, the pilot CBDC used in this project was issued as a real claim on the RBA. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The California Department of Financial Protection and Innovation (DFPI) recently released an opinion letter addressing whether the proposed activities of a data processor require licensure under the state’s Money Transmission Act (MTA).

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On August 11, the FDIC announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by wildfires. The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control due to damage caused by wildfires.

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Constructive Eviction: Is There Such a Thing Under Florida’s Commercial Landlord-Tenant Act?

Jimerson Firm

This article seeks to explore those circumstances and provide commercial landlords with information that may be helpful in avoiding constructive eviction claims by commercial tenants. To mount a successful case of constructive eviction, a tenant must show there is “wrongdoing on the part of the landlord.” 2d 1255, 1257 (Fla.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Moreover, the op-ed noted that according to a 2021 report, the greatest number of victims in 2020 by industry were in manufacturing, professional and legal services, and construction.