True Accord

JUNE 29, 2023

In today’s financial landscape, regulators at both the federal and state level are driving accountability for companies when it comes to data protection and security. Keeping Up With Compliance Along with federal regulations, individual states are also issuing new laws focused on consumer data protection.

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Taurus Collect

JULY 17, 2023

Skip tracing, also known as ‘debt collection skip-search’ or simply a ‘skip search’, is a process used by debt collectors to locate and contact those individuals who have gone to great lengths to avoid being found. It can be an incredibly effective collection tool for finding missing debtors.

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Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. On October 26, Senator Cynthia M.

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Troutman Sanders

DECEMBER 4, 2023

On November 20, 2023, the California Department of Financial Protection and Innovation (DFPI) issued an invitation for comments on proposed application-related rulemaking under the Digital Financial Assets Law (DFAL). This move comes after Governor Gavin Newsom signed Assembly Bill 39 and Senate Bill 401 , which together create the DFAL.

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Troutman Sanders

APRIL 8, 2022

Citing concerns with the rapidly changing nature of crypto-related activities, the FDIC noted that it cannot assess these risks without considering each activity on an “individual basis.” These risks echo those laid out in President Biden’s March 2022 Executive Order on Ensuring Responsible Developments of Digital Assets (Executive Order).

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Troutman Sanders

SEPTEMBER 19, 2022

Secretary for the Treasury Janet Yellen issued a statement after the Treasury Department published three reports under Sections 4, 5, and 7 of President Biden’s Executive Order 14067 on “Ensuring Responsible Development of Digital Assets.” For more information, click here. On September 16, U.S. For more information, click here.

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Troutman Sanders

AUGUST 21, 2023

On August 15, the OCC released its annual update to the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics. For more information, click here. For more information, click here.

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Troutman Sanders

JANUARY 23, 2023

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order, identifying Hong Kong-based cryptocurrency exchange Bitzlato Limited (Bitzlato) as a “primary money laundering concern” due to Bitzlato’s alleged connection to illicit Russian finance and ransomware activities. entirely shortly thereafter.”

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Troutman Sanders

SEPTEMBER 7, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

NOVEMBER 21, 2023

The report highlights consumer protection issues in medical debt collection. Per the CFPB’s report, the most common issue raised in debt collection complaints — across all types of debt — is the attempt to collect debt that the consumer does not owe. For more information, click here. For more information, click here.

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Taurus Collect

JUNE 15, 2023

Are you a business owner struggling to properly manage accounts receivable and collect past-due payments? Debt collection agencies are transforming how courts handle delinquent accounts, making their services a valuable asset for businesses large and small.

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Troutman Sanders

AUGUST 2, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.

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Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB issued a report noting that during December 2023, it sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. The consumer sued to hold the debt collector accountable for the misrepresentation, but the debt collector pled ignorance. For more information, click here.

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Troutman Sanders

SEPTEMBER 20, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

OCTOBER 19, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Payment Savvy

FEBRUARY 24, 2023

For individuals, real-time payments offer greater flexibility and control over their finances. In fact, research shows that many small businesses fail due to cash flow issues. This is particularly helpful for small businesses that may not have the resource to hire a dedicated financial advisor or accountant.

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Troutman Sanders

MAY 25, 2022

On April 28, the Joint Chiefs of Global Tax Enforcement (the J5), a global joint operational taxation group consisting of Australia, Canada, Netherlands, United Kingdom, and the United States, issued an intelligence bulletin (Bulletin), enumerating its perceived dangers of non-fungible tokens (NFTs). NFTs, ERC-20, and Fungibility.

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Troutman Sanders

MARCH 28, 2022

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

APRIL 4, 2022

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

NOVEMBER 21, 2022

On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. On November 15, the CFPB issued two reports on the tenant background check industry. For more information, click here. For more information, click here.

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Payment Savvy

JANUARY 7, 2021

When an account goes past due, many send the account to a reputable and compliant collection agency to obtain monies on their behalf. Providing good customer service shouldn’t stop when an individual has fallen behind on payments. The individual should be at the heart of every debt collection strategy.

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UK debt collections

DECEMBER 22, 2021

extending regulation to firms that offer insolvency services, as the current regime only covers individual Insolvency Practitioners. create a public register of all individuals and firms that offer insolvency services. create a system of compensation and redress. Insolvency service responsibilities.

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Fico Collections

DECEMBER 2, 2021

But it’s also worth noting that there’s a divergence in biometric adoption between developed and growth countries. A significant proportion of customers said they would happily carry out the necessary steps to download an app to onboard to their bank account. The Thorny Issue of Customer Loyalty. Customer loyalty is limited.

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FFGN COLLECT NY

DECEMBER 10, 2023

Individuals and businesses involved in debt collection must overcome numerous hurdles, including the legal consequences and technological hurdles. Common Challenges in Debt Collection Businesses and firms that have to collect debt from individuals face various challenges during debt collection. Inadequate focus on debt collection.

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Troutman Sanders

MARCH 15, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information click here.

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Troutman Sanders

MARCH 4, 2022

On February 25, the New York State Department of Financial Services (NYDFS) issued Guidance to all individuals and entities subject to its regulation due to the rapidly evolving situation in Ukraine, following the Russian invasion and the imposition of sanctions, in particular businesses engaged in virtual currency activity.

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Troutman Sanders

NOVEMBER 8, 2022

Federal Activities: On November 4, the Federal Reserve Board invited public comment of a proposed rule to publish a periodic list of depository institutions that have access to Federal Reserve accounts, also known as “master accounts.” For more information, click here. For more information, click here. For more information, click here.

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Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

APRIL 19, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

JANUARY 18, 2022

Perhaps the most pressing policy issue facing Congress is stablecoin legislation. Tom Emmer (R-MN) introduced a bill prohibiting the Federal Reserve from issuing a CBDC directly to individuals. In a press release issued by his office following the introduction of the bill, Rep. Mr. Powell stated, “No. Not at all.”.

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Troutman Sanders

JULY 7, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

APRIL 12, 2022

Instead of using these intermediaries, consumers may overdraft their accounts to obtain access to funds, incurring bank charges. FedNow will enable individuals and businesses to send instant, real-time payments through their depository institution accounts, as we discussed here. Will digital assets catalyze efficiency?

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Troutman Sanders

MARCH 8, 2022

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Troutman Sanders

APRIL 12, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. For more information, click here.

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Financial services Debt collector Student loans Student Loans 52

Fico Collections

JUNE 30, 2023

By “FICO drift”, these individuals were referring to the fact that the level of repayment risk associated with a given FICO® Score had changed or ‘drifted’ over the last few years. Figure 1 plots the odds-to-score relationship specifically on existing bankcard accounts, but we have observed similar trends across other products (e.g.,

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Troutman Sanders

OCTOBER 4, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. million or less.

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Troutman Sanders

JUNE 21, 2022

Federal Activities: On June 17, the Federal Reserve released its latest Monetary Policy Report, which identified the growth of stablecoins as a key development for the financial stability of the U.S. On June 14, the Department of Justice Office of the Inspector General issued its audit of the U.S. Privacy and Cybersecurity Activities.

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UK debt collections

DECEMBER 22, 2021

extending regulation to firms that offer insolvency services, as the current regime only covers individual Insolvency Practitioners. create a public register of all individuals and firms that offer insolvency services. create a system of compensation and redress. Insolvency service responsibilities.

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