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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On July 31, the District Court for the Central District of California entered judgment in favor of the court-appointed receiver of defendants True Count Staffing Inc., Banks reported that lending standards are currently on the tighter end of the range for all loan categories. For more information, click here.

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Bed Bath & Beyond plans to liquidate all inventory and go out of business

Collection Industry News

Bed Bath & Beyond had been a crown jewel of the era of so-called “category killers” — chains that dominated a category of retail, such as Toys “R” Us, Circuit City and Sports Authority. “Ultimately, if it emerges from bankruptcy at all, Bed Bath & Beyond will be a shadow of its former self,” he said.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

or more percentage points for a first-lien covered transaction secured by a manufactured home with a loan amount less than $130,461; 3.5 For QMs, the thresholds for the spread between the annual percentage rate and the average prime offer rate will be 2.25 The college must now invest $3.5 For more information, click here.

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U.S. Added 223,000 Jobs in December, a Slight Easing in Pace

Collection Industry News

State government employment would have been significantly higher if not for a strike by 48,000 workers at the University of California. Even sectors that had been wobbling, such as retail, manufacturing, transportation and warehousing, eked out small increases.

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Federal Court Bars Government from Enforcing Presidential Proclamation’s Suspension of Nonimmigrant Visas Against Thousands of U.S. Businesses

Burr Forman

On October 1, 2020, a California District Court issued an order barring the government from enforcing the visa ban, but only against several large corporate associations and their members. The associations include the National Association of Manufacturers, the Chamber of Commerce of the United States of America, Technet, Intrax, Inc.,