Account Recovery

OCTOBER 12, 2023

The Consumer Financial Protection Bureau yesterday released guidance reminding financial institutions that they are not allowed to charge consumers for “basic information” about their accounts. Some banks, for example, are charging consumers for information that is used to manage their finances or fix problems with their bank accounts.

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Financial Institution Banks 147

Jimerson Firm

OCTOBER 12, 2023

On June 29, 2023, Governor DeSantis signed into law Senate Bill 170 (SB 170). Starting on October 1, 2023, the new law allows city and county ordinances to be challenged in court on the basis that the ordinance is arbitrary or unreasonable, or preempted by state law, and requires suspension of enforcement of the ordinance during the legal challenge under certain circumstances.

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Government 59

Account Recovery

OCTOBER 12, 2023

Getting to Know Meghan Jean of Sequium Asset Solutions Judge Grants MTD in FDCPA Case Over Imputed Knowledge of Representation FTC Issues Proposed Rule Banning ‘Junk Fees’ CFPB Issues Guidance on Fees Charged for Responding to Consumer Requests for Info Barron & Newburger, P.C.

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147

PDC Flow

OCTOBER 12, 2023

No matter what business you’re in, taking payments brings more regulations you must follow. For instance, companies that use recurring payment processing services need to maintain Regulation E compliance. But how do you know when Regulation E applies to a transaction within your business? How can your payment processing software help? Recurring EFT Payments and Regulation E What is Regulation E ?

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Financial Institution Financial services Banks 52

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account Recovery

OCTOBER 12, 2023

In a case that was defended by the team at Martin Golden Lyons Watts Morgan, a District Court judge in Missouri has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because the plaintiff could not provide enough evidence to support his claim that the defendant knew the plaintiff was represented […]

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Fair Debt Collection Collections 130

Account Recovery

OCTOBER 12, 2023

The Federal Trade Commission yesterday announced the release of a proposed rule that it claims will save consumers more than $10 billion during the next decade by requiring businesses to include all mandatory fees when telling consumers a price and banning any hidden or bogus fees.

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Trade 130

Troutman Sanders

OCTOBER 12, 2023

Join Troutman Pepper Partners Chris Willis and Sheri Adler as they dive into the new requirement for publicly traded companies (including financial services companies) to adopt a clawback policy requiring the recoupment of erroneously awarded incentive compensation by December 1, 2023. Chris and Sheri discuss many facets of the rules and what steps companies can take to ensure compliance, including: Which companies are subject to the new rules?

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Trade Financial services 52

Troutman Sanders

OCTOBER 12, 2023

The Middle District of Tennessee denied a defendant’s summary judgment motion in a Telephone Consumer Protection Act (TCPA) case, clearing the way for a lawsuit claiming that the defendant was secondarily liable under an agency theory for calls made by a third-party call service even though a principal-agent relationship was disclaimed by contract. On September 26, 2023, in Faulk v.

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Judgment Government 52

Troutman Sanders

OCTOBER 12, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB or Bureau) published a special edition of its Supervisory Highlights report. This report serves as a “victory lap” for the Bureau, which highlights the relief it has obtained for consumers since the release of its March 2023 Special Fees Edition, discussed here. According to the Bureau, its supervisory efforts have led to institutions refunding over $140 million to consumers, including $120 million in overdraft and non-sufficient fund

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Financial Institution Repossession Trade Loans 52

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.