Troutman Sanders

DECEMBER 19, 2023

On December 12, the U.S. On December 12, the FTC announced that it had finalized a new rule — the Combating Auto Retail Scams (CARS) Rule — addressing two types of illegal tactics consumers allegedly face when buying a car: bait-and-switch tactics and hidden junk fees. For more information, click here.

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

JUNE 27, 2023

Throughout 2015 and 2016, a customer of Swedbank Latvia used Swedbank Latvia’s e-banking platform from an internet protocol address in Crimea to send payments to persons in Crimea through U.S. Swedbank Latvia agreed to remit $3,430,900 to settle its potential civil liability for 386 apparent violations of OFAC’s Crimea sanctions.

Financial services 52

Financial services Banks Trade Loans 52

Consumer Financial Services Law

JUNE 11, 2016

Proposed 12 CFR 1040.3 The rules do carve out certain exceptions for certain products provided by governmental entities, tribal governments providing products to consumers who reside in the tribe’s territorial jurisdiction and merchants and retailers under certain conditions when they are not acting as creditors. Who’s Covered?

Judgment 40

Judgment Financial services Retail Debt Management 40