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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 7, the Commodity Futures Trading Commission (CFTC) announced that, in 2023 alone, the cumulative penalty amount stemming from consent orders it entered with digital asset-based companies totaled $4.3 For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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. State Activities. For more information, click here. On October 19, the U.S.

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Impact of Tariffs on Consumer Debt: How Trade Policy Is Straining U.S. Households

The Kaplan Group

Drawing from data from the Federal Reserve, Bureau of Labor Statistics, and Peterson Institute for International Economics, this exclusive study links rising consumer prices to a spike in revolving credit. The study examines data such as the Consumer Credit Report, Consumer Price Index, and estimates of tariff costs.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On March 15, the Federal Trade Commission (FTC) filed an administrative complaint against an electronic payment company for allegedly opening credit card processing merchant accounts for fictitious companies on behalf of a business opportunity scam that the FTC previously sued. For more information, click here.