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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

To help you stay abreast of relevant activities, below find a breakdown of some of the biggest COVID-19 driven events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Privacy and Cybersecurity Activities. For more information, click here.

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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. Federal Activities: On March 6, the U.S. State Activities. Privacy and Cybersecurity Activities. Senate passed a $1.9

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On August 9, the Securities and Exchange Commission (SEC) filed an interlocutory appeal in SEC v. Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. For more information, click here. Ripple Labs , et al. , 20-cv-10832 (S.D.N.Y.), a case in which the Hon.

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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. Federal Activities: On May 3, the Consumer Financial Protection Bureau’s (CFPB) interim final rule goes into effect.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. The bill additionally leaves room for assets that don’t fit neatly into either category. On April 27, Federal Trade Commission (FTC) Chair Lina M.