Burr Forman

MARCH 2, 2021

The Employee Retention Credit, as originally enacted on March 27, 2020 by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.

Loans 52

Loans Trade Government 52

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.

Trade 98

Trade Government Banks Loans 98

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.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

AUGUST 22, 2022

On August 16, the CFPB director issued a statement on the announcement regarding the cancellation of loans for ITT Tech students. On August 12, the Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. For more information, click here. For more information, click, here. On August 15, the U.S.

Financial services 52

Financial services Financial Institution Trade Banks 52

Burr Forman

MARCH 11, 2021

Eligible entities also do not include any entity that is a publicly-traded company, which means the entity is majority owned or controlled by an entity that is an issuer, the securities of which are listed on a national securities exchange. Availability and Prioritization of the Fund. The Fund provides $28.6

Construction 52

Construction Loans Trade Government 52

Fico Collections

APRIL 12, 2023

mortgage-backed securities (MBS) being held or traded by institutions and investors, a staggering sum that dwarfs the GDP of every other nation except the U.S. These assets can include loans, leases, and receivables—from aircraft leases to solar projects, but most frequently are commercial or residential mortgages (e.g.,

Lender 52

Lender Financial Institution Collateral Loans 52

Troutman Sanders

JANUARY 19, 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. Department of Education to continue excusing borrowers from making payments on their student loans in light of the COVID-19 pandemic.

Financial services 52

Financial services Garnishment Foreclosure Government 52

Troutman Sanders

AUGUST 16, 2022

Federal Activities: On August 12, VantageScore announced that it completed an extensive analysis on how recent changes have impacted consumer credit score models to how medical collection accounts are reported, including changes brought by the COVID-19 pandemic. State Activities. For more information, click here. On August 8, the U.S.

Financial services 52

Financial services Loans Student loans Student Loans 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Federal Trade Commission (FTC) announced a new proposed rule to prohibit junk fees, which are hidden and bogus fees that can harm consumers and undercut honest businesses. For more information, click here. The FTC has estimated that these fees can cost consumers tens of billions of dollars per year in unexpected costs.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

ABI

JANUARY 13, 2022

In response to the financial crisis of 2007-2008, and the subsequent rise of unfair and deceptive for profit-mortgage assistance relief services (“MARS”), Congress designated the Federal Trade Commission (“FTC”) to employ rules regarding the regulation of MARS. [1] at *3 (citing 12 C.F.R. §§ 1015.3, LEXIS 21907, at *3 (citing 12 C.F.R.

Retrieval 40

Retrieval Lender Judgment Lawyers 40

Troutman Sanders

SEPTEMBER 19, 2022

The five firms surveyed in the report originated 180 million loans, totaling over $24 billion in 2021 — a near ten-fold increase from 2019. The report finds that the industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. For more information, click here.

Financial services 52

Financial services Trade Government Banks 52

Troutman Sanders

FEBRUARY 6, 2023

The class consisted of “all persons or entities that transacted in the Tokens” on Coinbase’s exchange platform between October 8, 2019 through March 11, 2022 — the class-action lawsuit filing date. Specifically, the class argued that Coinbase was a “statutory seller” of unregistered securities under Section 12(a)(1) of the Securities Act.

Financial services 52

Financial services Trade Banks Bankruptcy 52

Troutman Sanders

NOVEMBER 24, 2020

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. Since businesses are not taxed on the proceeds of a forgiven PPP loan, the expenses are not deductible. For more information, click here.

Financial services 52

Financial services Foreclosure Banks Loans 52

Credit Corp

DECEMBER 3, 2020

There were more than 650,000 instances of reported identity theft in 2019, according to data from the Federal Trade Commission (FTC). When your Social Security number is requested for something like a loan application, be sure that the organization is totally legitimate. Give Your SSN Only to Trusted Entities.

Retrieval 116

Retrieval Banks Credit Unions Credit Unions 116

Troutman Sanders

MARCH 29, 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. Pritzker signed Senate Bill 1792 (Illinois Predatory Loan Prevention Act) into law. For more information, click here.

Financial services 52

Financial services Fair Debt Collection Lender Foreclosure 52

Troutman Sanders

JUNE 27, 2023

On June 22, the Commodity Futures Trading Commission (CFTC) filed suit against a foreign exchange trader, claiming that the trader misappropriated more than $1.3 On June 22, the Federal Trade Commission filed an amicus brief in the U.S. On June 22, the Commodity Futures Trading Commission filed an enforcement action in the U.S.

Financial services 52

Financial services Banks Trade Loans 52

Troutman Sanders

JULY 20, 2020

The Federal Reserve Board approved two new loan options to provide support to a broad set of nonprofit organizations that were in sound financial condition prior to the pandemic. The SBA has prohibited banks from favoring a PPP loan application from a director or equity holder. For more information, click here.

Financial services 52

Financial services Loans Banks Financial Institution 52

Troutman Sanders

MARCH 1, 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. million disbursed for 2019. million disbursed for 2019. 58 as of 12:01 a.m. For more information, click here. Under Order No.

Financial services 52

Financial services Foreclosure Financial Institution Government 52

Troutman Sanders

JULY 7, 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. The rules cover loans on principal residences, generally exclude small servicers, and will take effect on August 31. On June 29, the U.S.

Financial services 52

Financial services Financial Institution Student loans Student Loans 52

Troutman Sanders

FEBRUARY 16, 2022

billion on December 1, 2019, to $155.6 Department of the Treasury published a study on the facilitation of money laundering and the financing of terrorism through the trade in works of high-value art, which found that “the use of non-fungible tokens (NFTs), may present new risks, depending on the structure and market incentives.”

Financial services 52

Financial services Banks Trade Financial Institution 52

Troutman Sanders

OCTOBER 19, 2020

The increase in the deficit from FY 2019 reflects the effect of COVID-19 on the economy. On October 13, the Federal Trade Commission (FTC) warned consumers of scammers pretending to promise student loan debt relief. trillion the deficit for FY 2020 — $2.0 trillion higher than estimated ($1.1 For more information, click here.

Financial services 52

Financial services Student loans Student Loans Foreclosure 52

Troutman Sanders

JANUARY 20, 2022

On January 13, the Federal Trade Commission (FTC) settled charges against a business credit reporting company, arising from allegations that the company engaged in deceptive and unfair practices. Department of Education’s decision to extend the pause on federal student loan payments. On January 13, a group of U.S. paid to the states.

Financial services 52

Financial services Student loans Student Loans Debt collector 52

Troutman Sanders

DECEMBER 27, 2022

Federal Activities: On December 23, the Federal Trade Commission (FTC) issued a proposed consent order, requiring Mastercard to end a practice that allegedly forced merchants to route debit card payments through Mastercard’s payment network in violation of the Durbin Amendment to the Dodd-Frank Act and Regulation II. State Activities.

Financial services 52

Financial services Banks Trade Retail 52

Fico Collections

SEPTEMBER 27, 2022

Thu, 12/19/2019 - 16:29. Methods from operations research such as mathematical optimization enable a quantitative understanding of the trade-offs between competing goals such as profitability, market share and risk appetite, and thus allow the targeted development of tailored decision strategies. What does this mean for banks?

Banks 52

Banks Retail Manufacturing Financial Institution 52

Troutman Sanders

OCTOBER 15, 2021

Even sophisticated parties and publicly traded companies are getting scammed. A Florida lawyer engaged by family members to handle the sale of a car dealership in upstate New York received payment instructions by email from a lender’s lawyer directing that the wire of funds for a loan payoff be sent to a bank account at M&T in New York.

Lawyers 52

Lawyers Banks Financial Institution Education 52

Burr Forman

DECEMBER 4, 2020

Financial institutions, servicers, lenders, and debt collectors must stay up-to-date on evolving federal and state laws stemming from the COVID-19 pandemic, as such laws impact all facets of consumer loan servicing and debt collection. They are currently in effect until December 12, 2020, but will likely be extended.

Financial Institution 52

Financial Institution Garnishment Collections Foreclosure 52