Troutman Sanders

MARCH 22, 2021

Privacy and Cybersecurity Activities. The Bureau is concerned that some of those desperately needed funds will not reach consumers, and will instead be intercepted by financial institutions or debt collectors to cover overdraft fees, past-due debts, or other liabilities. State Activities. On March 17, U.S.

Financial services 52

Financial services Garnishment Student loans Student Loans 52

Troutman Sanders

JUNE 15, 2021

Privacy and Cybersecurity Activities. On June 8, California Attorney General Rob Bonta warned “financial institutions, creditors and debt collectors that it is illegal to seize federal Child Tax Credit payments for individual debts in California.” State Activities. leadership on the world stage.

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Troutman Sanders

AUGUST 3, 2020

Privacy and Cybersecurity Activities. This bill would limit what creditors and debt collectors can do to recover unpaid debts when a national emergency has been declared and for a period of 120 days when the declaration is over. The bill has been referred to the House Financial Services Committee for consideration.

Financial services 52

Financial services Garnishment Debt collector Collections 52

Troutman Sanders

APRIL 19, 2021

Privacy and Cybersecurity Activities. Federal Activities: On April 19, the Consumer Financial Protection Bureau (CFPB) announced that the 30-day comment period on the CFPB’s proposal to delay the effective date of Regulation F, its Debt Collection Rule, is open. State Activities. On April 13, U.S.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

JULY 7, 2021

Privacy and Cybersecurity Activities. Federal Activities: On July 1, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new complaint bulletin covering several areas of concern on relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

NOVEMBER 7, 2023

On October 31, Ohio AG Dave Yost (R) announced that the state is suing a Florida debt collector who employed “harassing and abusive tactics” to try to collect debts from Ohio consumers. For more information, click here.

Financial services 52

Financial services Debt collector Loans Foreclosure 52

Troutman Sanders

MARCH 29, 2021

Privacy and Cybersecurity Activities. On March 23, Representatives Steve Cohen, Suzanne Bonamici, and Alexandria Ocasio-Cortez introduced the Fair Debt Collection Improvement Act that would prohibit debt collectors from collecting or attempting to collect debt from consumers after a statute of limitation expires.

Financial services 52

Financial services Fair Debt Collection Lender Foreclosure 52