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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The CFPB proposed to extend the compliance date to assist homeowners struggling with the financial impacts of the COVID-19 pandemic.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. The first letter, SR 23-7, announces the establishment of the “Novel Activities Supervision Program,” which is designed to ensure that risks associated with innovation are appropriately managed by banks.

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CDC, Biden Announce 60-Day Eviction Moratorium in High-Risk Areas

Collection Industry News

Most recently, the Supreme Court reviewed the Previous Moratorium in Alabama Association of Realtors, et al. In announcing the Order, President Biden acknowledged the Supreme Court’s ruling in Alabama Association and the possibility of litigation in the near future. Constitution ( Alabama Association of Realtors, et al.