FFGN COLLECT NY
MARCH 15, 2022
In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits. Chase was one of 13 financial institution censured for robo-signing documents in support of debt collection suits and foreclosure. The banks’ actions harmed many consumers’ credit, and the banks had to pay billions to borrowers.
Troutman Sanders
OCTOBER 4, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. In reviewing the market for potential consumer harm, the report presents the latest research on consumer card use, cost, and availability.
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Troutman Sanders
NOVEMBER 24, 2020
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. On November 16, the Federal Trade Commission (FTC) issued its Fiscal Year 2020 Agency Financial Report. For more information, click here.
Troutman Sanders
MARCH 1, 2021
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The eviction moratorium law is part of New York state’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020.
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. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs. On October 10, D.C.
Troutman Sanders
JANUARY 30, 2023
On January 26, the Securities and Exchange Commission (SEC) rejected Cboe BZX Exchange’s (BZX) request to list and trade Ark 21Shares, the proposed spot-Bitcoin exchange traded fund (ETF) managed by asset managers ARK Investment Management and 21Shares (collectively hereinafter, the “trust). For more information, click here.
Troutman Sanders
MAY 9, 2023
On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt. For more information, click here.
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