Troutman Sanders

AUGUST 1, 2023

On July 27, the Financial Innovation and Technology for the 21st Century Act passed the House Committee on Agriculture. The bill previously passed the House Committee on Financial Services on July 26. Per the report, examiners found multiple instances of unfair or abusive acts or practices by servicers.

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Troutman Sanders

MAY 2, 2023

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. For more information, click here. On April 27, the U.S.

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Troutman Sanders

MARCH 14, 2023

Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. On March 2, the Federal Trade Commission (FTC) issued a proposed order, banning online counseling service BetterHelp, Inc. For more information, click here.

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Troutman Sanders

MARCH 6, 2023

Buy Now, Pay Later borrowers also are more likely to use high-interest financial services, such as payday loans, pawn loans, and bank account overdrafts. On March 2, the Federal Trade Commission (FTC) issued a proposed order, banning online counseling service BetterHelp, Inc. For more information, click here.

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Troutman Sanders

JUNE 28, 2021

On June 23, the Federal Reserve announced that it would continue its Fed Listens initiative in 2021 to learn from a broad range of individuals, households, and communities about the economic recovery from the COVID-19 pandemic. For more information, click here. For more information, click here. For more information, click here.

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Consumer Financial Services Law

MAY 25, 2021

Enloe Last month, the entire ARM industry was caught by surprise when the Eleventh Circuit held that a debt collector’s transmittal of information to a third-party letter vendor violated Section 1692c(b) of the FDCPA. Preferred Collection and Management Services, Inc., 3d 1341 (11 th Cir. Hunstein v. LEXIS 11648, 994 F.3d

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