2022 11 
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
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
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.
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.
Troutman Sanders
MAY 2, 2023
Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. According to the CFPB, civil judgments are “both common and unevenly distributed.” Dollar (USD) LIBOR after June 30.
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