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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

In November 2022, Genesis announced that it will prohibit retail investors from withdrawing their cryptocurrency deposits from Gemini Earn accounts due to liquidity risks. On January 11, the CFPB reached a settlement in its lawsuit against a law firm for illegal debt collection practices. For more information, click here.