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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” The White House estimates that the DAME tax will raise $3.5

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period. Overall, the report found that credit risks for syndicated loans — large loans originated by multiple banks — were moderate at the end of the review period.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. For more information, click here. On April 29, U.S. Representative Patrick McHenry (R-NC) and U.S. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

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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Budget 2021 - CSA CEO Reaction

CSA

Given the economic circumstances facing Rishi Sunak before he stood up to deliver Wednesday's Budget (3 March), you could be forgiven for thinking he faced one of the most difficult tasks a Chancellor has had to grapple with for decades. The primary goal for the Budget was ?to to do no harm? We expect this to add about ?45bn levels thereafter.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On September 7, the Commodity Futures Trading Commission’s (CFTC) Commissioner Caroline D. Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. For more information, click here. For more information, click here. For more information, click here.