Remove 2016 10
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DOJ Announces Two More Multi-Million Dollar Redlining Settlements, States Two Dozen More Active Investigations Underway

Troutman Sanders

Department of Justice (DOJ) reached two more settlements with lenders under its Combatting Redlining Initiative, which began in October 2021. The DOJ alleged that, from 2016 through 2021, Washington Trust never opened a branch in a majority-Black and Hispanic neighborhood despite expansion efforts across the state of Rhode Island.

Lender 52
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What to Know Before Taking Out a Subsidized Loan

Credit Corp

Grants, scholarships and government programs can all be used to aid your pursuit of higher education. In the last 10 years alone, tuition and fees for four-year public schools have increased $2,020, while costs for four-year private schools have grown $6,210. The biggest source of these loans is the federal government.

Loans 96
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FTC Report Highlights Disproportionate Impact of Consumer Fraud on Minority Communities

Troutman Sanders

The report includes 10 main law enforcement areas affecting communities of color: automobile buying; for-profit school advertising; marketing prepaid cards; government impersonators; marketing for inmate services; jobs and money-making opportunities; credit, background checks; access to housing; and payday loans and debt collection.

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Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. But the government’s Sept. HSBC (HSBA.L)

Retail 40
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, the White House published technology standard document “United States Government National Standards Strategy for Critical and Emerging Technology.” For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining.