Troutman Sanders

FEBRUARY 13, 2024

Supreme Court unanimously ruled that government agencies can be sued for violations of the Fair Credit Reporting Act (FCRA). However, the Court upheld the Third Circuit’s decision that the FCRA allows for suits against “any person,” including government agencies. The final settlement required the defendants to pay $10.9 on February 22.

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52

Troutman Sanders

AUGUST 14, 2023

In its appeal, the SEC stated that it intended to seek certification of the court’s holding that certain “programmatic sales” over crypto-asset trading platforms in exchange for labor and services did not involve the offer or sale of securities. For more information, click here. 5 of 2020 (DP Law 2020). For more information, click here.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

APRIL 12, 2021

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. On April 5, the CFPB proposed a set of rule changes to help prevent foreclosures as the emergency federal foreclosure protections expire.

Financial services 52

Financial services Debt collector Student loans Student Loans 52

Troutman Sanders

JANUARY 4, 2021

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. Phone-related scams: Consumers should be wary of calls claiming to originate from government agencies purporting access to a COVID-19 vaccine.

Financial services 52

Financial services Foreclosure Loans Trade 52

Troutman Sanders

SEPTEMBER 14, 2021

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. You may access this interactive tool at [link]. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

JUNE 1, 2021

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 loan forgiveness could total $4 billion as the government intends to retire bank loans granted to minority farmers with USDA loan guarantees.

Financial services 52

Financial services Government Foreclosure Loans 52

Troutman Sanders

OCTOBER 26, 2020

Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Troutman Sanders

MAY 2, 2023

On April 27, Federal Trade Commission (FTC) Chair Lina M. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work. Government Money Market Fund.” Dollar (USD) LIBOR after June 30. For more information, click here.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

DECEMBER 4, 2023

The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in Washington, D.C., On November 30, crypto exchange Binance announced it has introduced a pilot program enabling banks to store trading collateral off-exchange, a move aimed at reducing counterparty risk.

Financial services 52

Financial services Collateral Banks Trade 52

Troutman Sanders

NOVEMBER 7, 2023

The proposed regulatory framework includes requirements for the admission of digital assets to a trading venue and disclosure documents. The AG’s office alleged that the company used “deceptive methods” to solicit homeowners facing foreclosure and failed to provide the services they promised. For more information, click here.

Financial services 52

Financial services Debt collector Loans Foreclosure 52

Troutman Sanders

OCTOBER 9, 2023

Appendix C is intended to promote strong corporate governance and risk management at FDIC-supervised institutions that have total consolidated assets of $10 billion or more (covered institutions) by proposing corporate governance and risk management guidelines. 364 et seq. For more information, click here. banking system.

Financial services 52

Financial services Student loans Student Loans Third-party Debt Collectors 52

Troutman Sanders

OCTOBER 19, 2020

Year-end data from the September 2020 Monthly Treasury Statement of Receipts and Outlays of the United States Government show a $3.1 On October 13, the Federal Trade Commission (FTC) warned consumers of scammers pretending to promise student loan debt relief. trillion the deficit for FY 2020 — $2.0 trillion higher than estimated ($1.1

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

DECEMBER 28, 2020

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. Often, scammers convince consumers to pay using gift cards for various scams, such as those acting as business and government imposters.

Financial services 52

Financial services Foreclosure Government Debtor 52

Collection Industry News

JUNE 14, 2021

President Biden’s nominee to lead the CFPB, Federal Trade Commission member Rohit Chopra, was the bureau’s first student loan ombudsman under former CFPB Director Richard Cordray and is expected to return the bureau to its former place at the forefront of consumer protection in financial services.

Financial Institution 76

Financial Institution Banks Student loans Student Loans 76

Troutman Sanders

JUNE 7, 2021

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 government will never contact you out of the blue and ask for money or personal information.

Financial services 52

Financial services Foreclosure Trade Collections 52

Troutman Sanders

SEPTEMBER 20, 2021

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. You may access this interactive tool at [link]. As such, when these programs end, renters and their families may be at heightened risk.

Financial services 52

Financial services Foreclosure Debt collector Student loans 52

Troutman Sanders

MARCH 1, 2021

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 court determined that decisions to enact eviction moratoriums rest with the state and not the federal government. On February 24, U.S.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Troutman Sanders

JANUARY 25, 2021

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 president is expected to nominate Rohit Chopra, currently a commissioner of the Federal Trade Commission, to serve as the next CFPB director.

Financial services 52

Financial services Debt collector Foreclosure Banks 52

Troutman Sanders

OCTOBER 11, 2021

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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Loans Lender Foreclosure 52

Troutman Sanders

MAY 10, 2021

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. ” Some governments have attempted to create these “travel bubbles,” such as Hong Kong and Singapore.

Financial services 52

Financial services Fair Debt Collection Foreclosure Debt collector 52

Troutman Sanders

MARCH 15, 2021

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 FTC reminds consumers that the government will never ask them to pay anything upfront in any form to obtain stimulus money.

Financial services 52

Financial services Financial Institution Foreclosure Government 52

Burr Forman

AUGUST 19, 2021

Keith Andress – Commercial Litigation, Construction Law, Corporate Law, Insurance Law, Litigation-Banking and Finance, Construction, Mortgage Banking Foreclosure Law, Personal Injury Litigation-Defendants, Product Liability Litigation-Defendants, Professional Malpractice Law-Defendants. Bradley Wright – Government Relations Practice.

Lawyers 105

Lawyers Construction Acquisition Bankruptcy 105

Troutman Sanders

FEBRUARY 22, 2021

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. You may access this interactive tool at [link]. To read the full alert, click here. Don’t provide personal information to anyone contacting you.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Collection Industry News

MAY 30, 2022

The CFPA includes a long list of exemptions to the CFPB’s authority, such as: merchants; retailers; accountants and tax preparers; attorneys engaged in the practice of law; persons regulated by the Securities and Exchange Commission; persons regulated by the Commodity Futures Trading Commission; and auto dealers.

Fair Debt Collection 40

Fair Debt Collection Foreclosure Retail Trade 40

Burr Forman

DECEMBER 4, 2020

With new and impending changes in both the economic and political landscape, financial institutions have had to adapt to ever-changing policies governing consumer loan servicing and debt collection. The new bill issued a moratorium on evictions, foreclosures, and repossessions, which expired on June 30, 2020.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52

Troutman Sanders

JULY 26, 2021

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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

FEBRUARY 16, 2021

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. You may access this interactive tool at [link]. Privacy and Cybersecurity Activities. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

APRIL 19, 2021

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. You may access this interactive tool at [link]. The third requirement involves license-specific requirements. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

MARCH 8, 2021

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. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

FEBRUARY 21, 2024

The court found that the defendants falsely promised to reduce homeowners’ mortgage payments and prevent foreclosures, defrauding distressed homeowners out of millions of dollars. The report alleges that large banks are offering worse credit card terms and interest rates than small banks and credit unions, regardless of credit risk.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52

Troutman Sanders

APRIL 5, 2021

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. On April 1, the CFPB issued a warning to mortgage servicers to take necessary steps to prevent a wave of foreclosures this fall.

Financial services 52

Financial services Financial Institution Foreclosure Garnishment 52

Collection Industry News

OCTOBER 5, 2021

Before his approval, Chopra held one of the Democrat seats on the Federal Trade Commission, often using his position to publicly advocate for higher penalties and enforcement against companies found to have committed wrongdoing. Millions of Americans are now facing eviction and potential foreclosures due to the job losses caused by pandemic.

Student loans 40

Student loans Student Loans Banks Foreclosure 40

Troutman Sanders

MAY 3, 2021

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. You may access this interactive tool at [link]. For more information, click here. For more information, click here.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. For more information, click here. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Troutman Sanders

APRIL 26, 2021

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. You may access this interactive tool at [link]. For more information, click here. On April 22, the U.S. For more information, click here.

Financial services 52

Financial services Debt collector Loans Banks 52

Troutman Sanders

JULY 20, 2020

The order is effective immediately, and it addresses a number of issues that impact residential mortgage loan servicers, including restrictions on residential foreclosure and evictions and certain fees or charges. For more information, click here. Key Block structure management) due to the impact COVID-19 has had on implementations.

Financial services 52

Financial services Loans Banks Financial Institution 52

Troutman Sanders

MAY 9, 2023

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Loans 52