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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

AUGUST 1, 2023

An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5 The amendment, led by U.S. For more information, click here.

Financial services 52
Financial services Financial Institution Debt collector Fair Debt Collection 52
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

MAY 2, 2023

On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule. On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act.

Financial services 52
Financial services Trade Consumer Credit Government 52
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