enforcement actions citizens-bank 
UK debt collections
JULY 12, 2023
Overseas scammers are back at work attempting to scam UK citizens. The same criminal gangs are thought to be behind the scam text messages sent out claiming to be from HMRC and major High street banks. These are the latest actions in increasing debt collection scam activities.
Troutman Sanders
MAY 23, 2023
Notably, Chairman McHenry’s proposal would preserve the current dual banking system model and delegate “supervisory, examination, and enforcement authority” of “state qualified stablecoin payment issuers” to “state payment stablecoin regulators.” On May 18, Financial Action Task Force (FATF) President T.
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Public Citizen
APRIL 7, 2022
Public Citizen filed our own amicus brief taking an intermediate position between the two extremes asserted by Bayside and its amici on the one hand, and Twitter and our friends at EFF and the ACLU on the other. We take no position on whether, based on a proper analysis, the subpoena should be enforced. The Facts of the Case.
Troutman Sanders
JUNE 27, 2023
The IMF reasoned that the approach may not be effective in the long run, and instead, suggested that Latin American and Caribbean countries considering central bank digital currency adoption should focus on addressing the drivers of crypto demand, including citizens’ unmet digital payment needs and the need for improved transparency.
Collection Industry News
MARCH 28, 2022
Key takeaways from CCFPL Report: Enforcement. During its first year with authority under the CCFPL, the DFPI proactively identified enforcement targets and opened 106 investigations that resulted in 49 public actions under the CCFPL. These can be found in a statutory report that has been posted to the DFPI website: [link].
Troutman Sanders
NOVEMBER 8, 2022
On October 31, the Financial Crimes Enforcement Network (FinCEN) informed U.S. On October 27, the American Bankers Association expressed concern regarding a proposal currently being considered by the CFPB that would shift liability from consumers to banks for scams involving peer-to-peer (P2P) payments.
Troutman Sanders
FEBRUARY 16, 2022
Federal Activities: On February 10, the Federal Reserve Board released the hypothetical scenarios for its annual bank stress tests, which help ensure that large banks can lend to households and businesses even in a severe recession. For more information, click here. billion on December 1, 2019, to $155.6 billion on January 21, 2022.”
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