Troutman Sanders
DECEMBER 5, 2022
On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt.
Credit Corp
MARCH 30, 2023
The best investments The best investments right now to grow your wealth include: High-yield Savings Accounts Short-term Certificates of Deposit (CDs) Government Bonds Corporate Bonds Real Estate and REITs Individual Stocks Index Funds Exchange-traded Funds (ETFs) Cryptocurrency 1. Individual stocks come with a high risk and high reward.
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Troutman Sanders
OCTOBER 30, 2023
This bill would instruct the Consumer Financial Protection Bureau (CFPB) and the Government Accountability Office to conduct a study on BNPL and EWA services to help determine the degree to which consumers are utilizing both services for retail purchases. For more information, click here. For more information, click here.
Credit Corp
SEPTEMBER 13, 2023
Cash Advance Fee: 3%, Min $10 Late Fee up to $39 Card Details + Credit Cards Issued by a Retail Store : These are accounts that are issued by the stores where you like to shop. These cards are a little different than the previous type in that you can only use the card at the store that issued it.
Collection Industry News
OCTOBER 17, 2023
Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit card debt topped $1 trillion in the second quarter of 2023 for the first time ever. Why should we not extend these same protections to veterans and all Americans?”
Credit Corp
FEBRUARY 21, 2021
An estimated 15% of American adults who own at least one credit card — roughly 37.2 According to the Federal Trade Commission, Americans reported losing an estimated $1.9 million cases reported were due to credit card fraud, a 72.35% increase in credit card fraud cases from the previous year.
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.
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