Troutman Sanders

SEPTEMBER 11, 2023

On September 8, the Financial Crimes Enforcement Network (FinCEN) issued an alert on identifying several red flags that banks and financial institutions should be on the lookout for concerning cryptocurrency investment scams. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

MARCH 21, 2022

Require the Financial Crimes Enforcement Network (FinCEN) to mandate that U.S. Require the Treasury Department to issue a public report, identifying foreign digital asset trading platforms determined to be high risk for sanctions evasion, money laundering, or other illicit activities. The bill does not come without controversy.

Trade 52

Trade Banks 52

Troutman Sanders

DECEMBER 12, 2022

On December 7, Senators Elizabeth Warren (D-MA) and Senator Tina Smith (D-MN) issued a letter to several federal regulators — Federal Reserve Chairman Jerome Powell, Federal Deposit Insurance Corporation Acting Chair Martin J. For more information, click here. Gruenberg, and OCC Acting Comptroller Michael J. For more information, click here.

Financial services 52

Financial services Financial Institution Banks Lender 52

Troutman Sanders

MARCH 21, 2022

On March 16, the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations to better protect families and communities from illegal discrimination. In the guide, NIST notes that the network integration of these systems has made them more vulnerable to cyberattacks. For more information, click here.

Financial services 52

Financial services Financial Institution Manufacturing Debt collector 52

Troutman Sanders

FEBRUARY 7, 2022

On January 31, the Consumer Financial Protection Bureau published a review of the financial issues facing people and families who come in contact with the criminal justice system. For more information, click here. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Collection Agencies Collections Agency Financial Institution 52

Troutman Sanders

JANUARY 30, 2024

On January 12, the Financial Crimes Enforcement Network (FinCEN) republished frequently asked questions (FAQs) regarding the implementation of the Paycheck Protection Program (PPP), the requirements of the Bank Secrecy Act, and how lenders may adhere to those requirements when issuing a PPP loan. For more information, click here.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Collection Industry News

APRIL 25, 2022

In medical debt collection complaints, this issue makes up nearly half of complaints and, importantly, complaint volume about this topic has been increasing,” the federal agency said in its report, with such bills ending up on Americans’ credit reports. Roughly 1 in 5 U.S.

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Consumer Credit Collections 40

Troutman Sanders

JANUARY 23, 2024

On January 18, the Federal Trade Commission (FTC) issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. For more information, click here. According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Collection Industry News

JANUARY 10, 2022

The Board was recently chosen by its peers at the annual conference in Delray Beach, Florida where members and colleagues gathered for two and a half days of education and networking. There are many issues facing this industry, both near and long-term.

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Commercial Collection Collection Agencies Collections Agency Collections 40

Better Credit Blog

JANUARY 26, 2022

Our Partner Get Started Best for Small Tax Debt: Community Tax. Community Tax provides a full range of tax services to individuals and businesses. Community Tax is accredited by Consumer Affairs, has an A+ rating with the BBB, and offers a 14-day money-back guarantee. The 6 Best Tax Relief Companies 2021.

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Troutman Sanders

FEBRUARY 3, 2022

On January 20, President Biden signed a memorandum aimed at improving the cybersecurity of the National Security, Department of Defense, and Intelligence Community Systems (together, the “National Security Systems).

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Government 52

Troutman Sanders

SEPTEMBER 27, 2021

On September 22, the California Department of Financial Protection and Innovation issued its first enforcement action against a debt buyer and debt collector, resulting in a $375,000 fine for unlawfully threatening to sue consumers and submitting negative information to credit bureaus without notifying consumers.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

CSA

SEPTEMBER 14, 2020

Having moved over from the private to the public sector, Helena has continued to promote Council-led apprenticeships within schools and the wider business community, as well as developing the skills of existing employees. The programme has proven so popular that it even has its own brand - Endless Possibilities ? And Helena didn?t

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Collections 52

Troutman Sanders

SEPTEMBER 7, 2021

Department of the Treasury’s Community Development Financial Institutions Fund announced $5 billion in new markets tax credits that it hopes will spur investment and economic growth in low-income urban and rural communities nationwide. Federal Activities: On September 1, the U.S. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

MAY 2, 2023

On April 28, Mastercard announced “Mastercard Crypto Credential,” a service that it says establishes a common set of standards and infrastructure to help attest trusted interactions among consumers and businesses using blockchain networks. On April 28, the CFPB issued an interim final rule, amending the agency’s 2021 LIBOR transition rule.

Financial services 52

Financial services Trade Consumer Credit Government 52

Burr Forman

JANUARY 25, 2022

The Act precludes out-of-network providers from billing patients for more than the in-network cost-sharing price. In addition, the Act provides a mechanism for setting payment for protective out-of-network services and a process for resolving related disputes. OIG Advisory Opinion No. 22-01: A “Facts and Circumstances” Paradigm.

Healthcare 52

Healthcare Retail Lawyers Government 52

Troutman Sanders

SEPTEMBER 18, 2023

On September 15, the Financial Crimes Enforcement Network (FinCEN) assessed a $15 million civil money penalty against Bancrédito International Bank and Trust Corporation (Bancrédito) for willful violations of the Bank Secrecy Act and its implementing regulations. For more information, click here. For more information, click here.

Financial services 52

Financial services Trade Banks Credit Unions 52

Troutman Sanders

SEPTEMBER 21, 2020

On September 18, 2020, the Federal Reserve Board issued its Report on Economic Well-Being of U.S. On September 17, 2020, Texas Governor Greg Abbott issued an order to continue Texas’ reopening process during the COVID-19 pandemic. For more information, click here. Households. Data collected shows that U.S.

Financial services 52

Financial services Banks Government Acquisition 52

CSA

NOVEMBER 11, 2021

With a return to face-to-face networking, it was a pleasure to join this year?s issues for our sector. The CSA will be focusing on these and many other issues in the weeks to come. Chris Leslie, Chief Executive Officer at the Credit Services Association (CSA). At the Think Tank event we covered several of the key ?talking

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Collections Collection Agencies Collections Agency Creditors 40

Troutman Sanders

OCTOBER 31, 2022

Federal Activities: On October 21, the Federal Trade Commission (FTC) issued “Protecting Older Consumers, 2021-2022, A Report of the Federal Trade Commission” to Congress on protecting older adults. Notably, Chairman Gruenberg believes stablecoins should be (1) issued through a bank subsidiary; (2) backed in a 1:1 ratio by short-dated U.S.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

FEBRUARY 21, 2023

On February 15, the Federal Deposit Insurance Corporation (FDIC) issued cease-and-desist letters to digital asset exchange CEX.IO On February 15, the SEC issued a proposed rule that broadens the application of SEC’s current custody rule (Rule 206(4)-2 under the Advisers Act) and redesignates that rule as new Rule 223-1 under the Advisers Act.

Financial services 52

Financial services Student loans Student Loans Banks 52

Troutman Sanders

SEPTEMBER 25, 2023

CFPB Director Rohit Chopra indicated that a proposed rule would likely be issued in 2024. On September 19, the CFPB issued guidance regarding the legal requirements that creditors must follow when using AI and complex models. For more information, click here. For more information, click here. For more information, click here.

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Financial services Loans Banks Debt collector 52

Fico Collections

AUGUST 3, 2022

They helped delegates understand how FICO’s social network analytics can be deployed to find the hidden links between entities, visualize the networks of criminal behavior and facilitate the prioritization and investigation of cases. Innovative Customer Communications for Fraud. The Rise of the Bots.

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Banks Financial Institution 52

CICM

DECEMBER 9, 2022

The event, ‘ Supporting Our Network Through Challenging Economic Times’ , asked our companies about the current economic situation, how they were putting the well-being of their employees into practice and any adjustments for their customer’s payment terms. office working.

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Construction Credit Management Collections Government 71

Troutman Sanders

OCTOBER 25, 2021

On October 21, the CFPB issued a series of orders to collect information on the business practices of large technology companies operating payments systems in the United States. Now, more than ever, the generosity of Californians sustains our communities and state [such as by those] hoping to help those impacted by the COVID-19 pandemic.”

Financial services 52

Financial services Banks Student loans Student Loans 52

Troutman Sanders

FEBRUARY 16, 2023

On February 9, the FTC’s Consumer Sentinel Network shared data, revealing the top lies used by romance scammers. The summary also outlines the FTC’s business and consumer education efforts on fair lending issues. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Lender Banks Education 52

Better Credit Blog

DECEMBER 30, 2021

.” When you are talking with the agencies, you should ask for either a credit freeze so no one can access your credit information, or ask for a fraud alert on your account, which will require creditors to take extra steps to confirm your identity before issuing new credit under your name. Using public wi-fi networks.

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Banks Creditors Retail Education 66

Troutman Sanders

OCTOBER 24, 2023

Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM) that identifies international Convertible Virtual Currency Mixing (CVC mixing) as a class of transactions of primary money laundering concern. Securrency Inc. For more information, click here. On October 19, the U.S.

Financial services 52

Financial services Creditworthiness Banks Government 52

Troutman Sanders

JULY 7, 2021

On July 1, the Federal Reserve announced that it will soon release a new tool to help community banks implement the “Current Expected Credit Losses” (CECL) accounting standard. On June 29, the CFPB issued a report highlighting legal violations identified by the Bureau’s 2020 examinations. For more information, click here.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

DECEMBER 12, 2023

Treasury Department’s Financial Crimes Enforcement Network (FinCEN) designated Bitzlato as a “primary money laundering concern” with substantial connections to illicit Russian finance and other risky sources. A sentencing date for Legkodymov has not been set. The companies were ordered to disgorge $19.6 For more information, click here.

Financial services 52

Financial services Banks Collection Agencies Collections Agency 52

Troutman Sanders

MARCH 8, 2021

On March 2, the Department of the Treasury announced that it opened the application process for the Emergency Capital Investment Program, a new initiative supporting access to capital in communities that have struggled the most during the COVID-19 crisis. For more information, click here. For more information click here.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Collection Industry News

APRIL 12, 2021

To pull it off, however, the FDIC will have to convince some in lower-income and minority communities, who have historically been reluctant about joining a traditional financial institution, that they should trust a bank. It’s not clear there’s any simple path to achieve that.”. I think a lack of wealth is also a significant reason.

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Financial Institution Banks Financial services Government 40

Collection Industry News

FEBRUARY 1, 2022

Though the debt owed by hospital workers has stirred debate in other parts of the nation — often as part of union organizing — SEIU and other unions that reach out to hospital workers say the issue is far more pervasive at UPMC than at other large hospital institutions. “We Hughes said.

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Third-party Debt Collectors Government Healthcare Debt collector 52

Troutman Sanders

JUNE 28, 2021

The extension serves as an operational accommodation, allowing additional processing time for banks, community development financial institutions, and other financial institutions to pledge any Small Business Administration-approved Paycheck Protection Program (PPP) loans to the facility through the PPP program’s June 30 expiration date.

Financial services 52

Financial services Financial Institution Collection Agencies Collections Agency 52

Credit Corp

JUNE 30, 2021

To be an active part of the Greek community, you typically have to spend small amounts of money here and there throughout the year. The experiences and friendships had during the college years can be valuable, and Greek life can provide important networking opportunities to support future careers. Hidden Costs of Being in a Sorority.

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Student loans Student Loans Loans Education 59

Credit Corp

SEPTEMBER 29, 2021

Increased awareness of medical and health issues have fueled advances in treatments, including the development of medicines. Performing data entry over public Wi-Fi networks might expose sensitive data to the risk of exposure. If you work at home, make sure your network is secure. Dog Sitting. Family Therapists.

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Manufacturing Retail Construction Trade 98

Troutman Sanders

NOVEMBER 21, 2022

Adeyemo convened a roundtable discussion with national advocates representing underserved communities to identify ways the agency can improve accessibility and responsiveness to all taxpayers. On November 15, the CFPB issued two reports on the tenant background check industry. For more information, click here.

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Financial services Banks Lender Trade 52