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Troutman Sanders
JANUARY 17, 2024
On January 10, the Securities and Exchange Commission (SEC) approved each pending spot-Bitcoin exchange traded fund (ETF) application on an accelerated basis. It also emphasizes the need for firms to enhance written policies for due diligence processes related to crypto asset sales and trading. For more information, click here.
ABI
JANUARY 19, 2024
(“BMO”) provided a bridge loan (“the Bridge Loan”) to Intermediate Holding. [6] 6] Sun Capital either guaranteed the Bridge Loan or was otherwise obligated to ensure that the Bridge Loan was repaid ("the Sun Capital Guaranty"). [7] 8] BWGS paid the vast majority of the loan by transferring its own property worth $24.8
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Collection Industry News
OCTOBER 18, 2021
Payday and auto title lenders don’t have to comply with the CFPB rule while the Community Financial Services Association of America and a Texas-based trade group appeal a district court ruling in favor of the bureau, the U.S. The CFPB also mandated cooling-off periods after a borrower takes out three loans in a short period of time.
Collection Industry News
OCTOBER 2, 2023
If the high court sides with the CFSA, a trade group representing payday lenders, its ruling could have broad and significant impacts for consumers, according to legal experts and consumer advocates. In the current case, the CFSA trade group sued the CFPB in 2018, seeking to invalidate a 2017 rule that cracked down on payday lenders.
Credit Corp
MARCH 20, 2023
Quick answer box There were over 389,000 reports of credit card fraud to the Federal Trade Commission (FTC) in 2021. Sources: Federal Trade Commission and Nilson In 2021, the Federal Trade Commission (FTC) reported that there were 5.7 Loan or lease fraud 197,914 -3.4% However, this does not influence our evaluations.
Troutman Sanders
AUGUST 22, 2022
District Court of the Western District of Washington against the founder of three crypto-related companies and the companies themselves, alleging that in 2017, the defendants conducted an unregistered crypto asset securities offering in violation of Sections 5(a) and (c) of the Securities Act of 1933. For more information, click here.
Troutman Sanders
DECEMBER 20, 2022
Federal Activities: On December 16, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) filed an amicus brief in the Eleventh Circuit in support of a plaintiff-appellant who filed a Section 1681s-2(b) claim against a furnisher for failing to conduct a reasonable investigation under the Fair Credit Reporting Act.
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