Troutman Sanders

OCTOBER 25, 2023

The proposed Personal Financial Data Rights Rule would require depository and nondepository entities to make available to consumers and authorized third parties certain data relating to consumers’ accounts, establish obligations for third parties accessing a consumer’s data, and provide basic standards for data access.

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Burr Forman

DECEMBER 1, 2021

Department of Health and Human Services and Centers for Medicare and Medicaid Services (“CMS”) from implementing and enforcing the CMS COVID-19 Health Care Staff Vaccination Interim Final Rule (“Final Rule”) that was issued on November 5, 2021. What is a preliminary injunction? What should you do?

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PDC Flow

JANUARY 12, 2024

Courtney Reynaud , President and CEO of Creditors Bureau USA , has found success in her agency with careful attention to policies, procedures, and work instructions. Finally, blame does nothing to identify the root cause of a problem and will not stop it from happening again. It may even cause them to leave. Define the problem 2.

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Troutman Sanders

JULY 1, 2022

The Chamber’s campaign specifically objects to several alleged unlawful actions, including: CFPB Policy Fellowship. Revisions to CFPB Rules of Practice for Adjudication Proceedings. Repeal of Its 2013 Decision Not to Publish a Final Decision or Order Establishing Supervisory Authority Over a Covered Person. Chamber of Commerce.

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Troutman Sanders

JANUARY 18, 2022

On January 10, the Federal Trade Commission’s final rule , amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA), became effective. We wrote about the final rule when it first published in October 2021 (see here ).

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Fraser

MAY 4, 2021

Court of Appeals for the Sixth Circuit held that a university professor plausibly pled claims that his employer’s enforcement of its policy requiring employees to refer to students by their preferred pronouns violated his constitutional rights under the free speech and free exercise clauses of the First Amendment.

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Jimerson Firm

NOVEMBER 2, 2023

The arbitrator is responsible for rendering a final and binding decision, similar to a court judgment. The arbitrator will listen and evaluate each party’s case and evidence and issue a final decision. While arbitration shares similarities with litigation, there are significant differences.

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Troutman Sanders

AUGUST 2, 2021

On October 30, 2020, the Consumer Financial Protection Bureau (CFPB or the Bureau) released its long-awaited final debt collection rule — also known as Regulation F. The Bureau supplemented the rule on December 18, 2020 and both parts were adopted pursuant to the Bureau’s authority under the Fair Debt Collection Practices Act (FDCPA).

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PDC Flow

NOVEMBER 3, 2020

The long-awaited Final Rule (Regulation F) for the Fair Debt Collection Practices Act (FDCPA) was issued Friday afternoon, concluding a seven-year rulemaking process. With this modernized debt collection rule, consumers will have greater control when communicating with debt collectors.”. Bender and Ann E.

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Troutman Sanders

FEBRUARY 13, 2024

The final settlement required the defendants to pay $10.9 On February 8, a New York bankruptcy judge ruled against cryptocurrency exchange Gemini’s claim that it has a secured claim on more than $800 million in Genesis Global Capital assets. They also argue that the Final Rule is arbitrary and capricious. million penalty.

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Collection Industry News

SEPTEMBER 21, 2021

On September 13, 2021, the Federal Trade Commission published final revisions to five rules promulgated pursuant to the Fair Credit Reporting Act (“FCRA”), to clarify that the rules apply only to motor vehicle dealers. The final revisions do not make substantive changes to these rules. Source: site.

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Troutman Sanders

SEPTEMBER 18, 2023

This was FinCEN’s first enforcement action against a Puerto Rican international banking entity and includes the first violation for failure to implement and maintain an anti-money laundering program under the Gap Rule. For more information, click here. A discussion of the first injunction issued by a Texas federal court can be found here.)

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Troutman Sanders

FEBRUARY 28, 2022

Despite the lack of imminency on a final rule, the Outline serves as further proof that fair lending and its application to algorithmic systems is a top priority for the CFPB, as well as other regulators at both the federal and state levels. Among other things, the Outline covers the scope of potential eventual rule requirements.

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Collection Industry News

DECEMBER 11, 2020

Six months after it first announced its pilot program, the Consumer Financial Protection Bureau (CFPB or Bureau) officially launched its Advisory Opinion Program by finalizing its advisory opinion policy yesterday. The policy is designed to provide clarity in areas where there might be regulatory uncertainty.

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Nexa Collect

MAY 21, 2021

Health care providers, health plans such as insurers and HMOs, healthcare clearing-houses and any business entities using and disclosing “ individually identifiable health information ” during claims processing, billing, data analysis, and other operations, are governed by the HIPAA Privacy Rule. HIPAA Rules. Contact us.

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Troutman Sanders

JULY 6, 2022

District Court for the Central District of California gave final approval for a $2.5 In addition to monetary relief, the settlement agreement requires Moss Brothers to “adopt policies and procedures regarding compliance with the TCPA and the National Do Not Call Registry.”. In late June 2022, the U.S.

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Burr Forman

NOVEMBER 16, 2021

Finally, the updated SDP states that the minimum settlement OIG will accept for submissions related to the federal Anti-Kickback Statute is $100,000, and the minimum settlement OIG will accept for all other submissions is $20,000. One notable change under the OPPS Final Rule is an increase to the hospital price transparency regulation.

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Healthcare Government 59

Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. For more information, click here.

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True Accord

NOVEMBER 13, 2023

The New York City Department of Consumer and Worker Protection (NYC DCWP) just released an updated proposed amendment to its rules relating to debt collection. New York’s First Proposed Amendment December 2022 NYDFS released its first proposed amendment to its debt collection rules. Comments were due February 13, 2023.

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Troutman Sanders

JULY 20, 2021

On June 28, the Consumer Financial Protection Bureau (CFPB) issued a final rule to amend Regulation Z’s mortgage servicing requirements in order to “establish temporary special safeguards to help ensure that borrowers have time before foreclosure to explore their options, including loan modifications and selling their homes.”.

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Troutman Sanders

NOVEMBER 21, 2023

On November 17, the International Organization of Securities Commissions finalized its recommendations for crypto regulatory frameworks in a report. On November 15, the CFPB’s Fair Credit Reporting Act (FCRA) Disclosures rule was published in the Federal Register. For more information, click here. For more information, click here.

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Fraser

AUGUST 11, 2021

And in a recent ruling, the U.S. The ruling denied a request for an injunction pending appeal of a federal district court’s ruling in favor of Indiana University. The ruling denied a request for an injunction pending appeal of a federal district court’s ruling in favor of Indiana University.

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Troutman Sanders

FEBRUARY 8, 2021

The Consumer Financial Protection Bureau (CFPB) signaled Thursday that it may seek to delay implementation of the agency’s recently completed qualified mortgage and debt collection rules. Both sets of rules were issued by former CFPB Director Kathleen Kraninger, a Trump appointee.

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Troutman Sanders

FEBRUARY 21, 2024

The updated rule broadens the CFPB officials eligible to evaluate appeals, the options for resolving an appeal, the matters subject to appeal, and makes additional clarifying changes. The CFPB alleged that the defendants charged thousands of consumers with federal student loans approximately $9.2 For more information, click here.

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Consumer Financial Services Law

OCTOBER 31, 2021

For the past year, the industry’s attention has been focused on the Debt Collection Rule (the “Rule”), its changes, and the new expectations it will place on debt collectors; but as the rubber meets the road, collection agencies and other debt collectors now are turning their attention to operational impacts and, how to put the Rule into practice.

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CSA

DECEMBER 14, 2022

The consultation paper outlines the government’s intended approach to reforming the CCA and invites views on how certain provisions may be replicated in FCA rules. HMT policy statement on future regulatory framework released; FCA outlines approach to implementing outcomes. The CSA’s comments can be viewed here.

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Troutman Sanders

FEBRUARY 26, 2024

On February 23, the Federal Trade Commission (FTC) announced that it finalized an order with Global Tel*Link Corp. Lejilex, planning to launch a new digital asset trading platform, and CFAT, an advocate for responsible crypto policy, claim the SEC’s approach hinders proper regulation of digital assets. For more information, click here.

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Fraser

OCTOBER 21, 2022

Why it Matters: These increases are in response to soaring inflation, which continue to impact the economy and government policy. ——— Final Rule Issued for Corporate Transparency Act: What Businesses Need to Know. On September 29, 2022, FinCEN issued its Final Rule, and a corresponding Fact Sheet.

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Burr Forman

MAY 19, 2021

Under the so-called “Public Charge Rule,” foreign nationals who are likely to become a public charge are considered inadmissible to the United States and ineligible to become a lawful permanent resident (more commonly known as a Green Card holder). Wage-Based Selection Process for H-1Bs/New Prevailing Wage Rule.

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Troutman Sanders

JANUARY 25, 2023

As discussed here , on January 4, the CFPB issued its 2022 Fall Rulemaking Agenda containing pre-rule, proposed rule, and final rules under consideration. The CFPB’s recent agenda stated it was considering the comments it received and would issue a proposed rule in January 2023.

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Burr Forman

MAY 11, 2021

On May 5, 2021, the Department of Labor (DOL) announced a final rule to withdraw a Trump-era independent contractor rule for determining how to classify workers under the Fair Labor Standards Act (FLSA). The DOL identified several reasons for its withdrawal of the rule.

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Collection Industry News

MARCH 8, 2021

The new Interim Final Rule issued by the SBA on March 3, 2021, reverses the prior rules by indicating that independent contractors and employers who were otherwise eligible to receive PPP loans may do so regardless of whether the borrower or a 20% or more owner is in default under Federal Student Loans. Source: site.

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Consumer Financial Services Law

NOVEMBER 19, 2020

On October 30, 2020, the CFPB published its long awaited Final Debt Collection Rule (the “Rule”) which is intended to interpret the federal Fair Debt Collection Practices Act (the “FDCPA”) and clarify how new communication technologies can be used in compliance with the FDCPA. What’s Not Included in the Rule?

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Troutman Sanders

OCTOBER 27, 2022

Chopra described the impetus for the new rule as part of an intentional shift by the CFPB away from “fine print” privacy notices and toward procompetitive regulation. parties to implement data security standards and maintain reasonable policies and procedures to ensure the accuracy of the data that they collect and use.

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Collection Industry News

NOVEMBER 22, 2023

The rule proposed today would ensure that these nonbank financial companies – specifically those larger companies handling more than 5 million transactions per year – adhere to the same rules as large banks, credit unions, and other financial institutions already supervised by the CFPB.

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Burr Forman

DECEMBER 29, 2021

The Alabama State Board of Medical Examiners and the Alabama Licensure Commission have proposed a complete overhaul of the rules affecting medical record management by Alabama physicians (the “Proposed Rule”). Following notice and a public comment period, the Proposed Rule is expected to become final in January of 2022.

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Fico Collections

OCTOBER 22, 2020

FICO’s optimization approach brings a clear structure that easily accommodates numerous overlapping policy rules; at the same time, it builds our own analytics expertise into the final decision-making. by FICO.

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