Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. billion in additional student loan debt relief for 73,600 borrowers. For more information, click here.

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Troutman Sanders

OCTOBER 4, 2022

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. On September 30, the Securities and Exchange Commission (SEC) filed an enforcement action against Arbitrade Ltd.

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Troutman Sanders

NOVEMBER 21, 2023

He also discussed the Federal Reserve’s supervision program, which he thinks will provide clarity on banks that engage in crypto initiatives. On November 17, the International Organization of Securities Commissions finalized its recommendations for crypto regulatory frameworks in a report. For more information, click here.

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Troutman Sanders

MARCH 11, 2024

The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.

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Troutman Sanders

DECEMBER 19, 2023

On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” On December 13, by a vote of 4-1, the Federal Communications Commission (FCC) adopted new rules aimed at “closing the ‘lead generator’ robocall/robotexts loophole.”

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Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Federal Activities: On March 6, the U.S. State Activities. Privacy and Cybersecurity Activities. Senate passed a $1.9

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