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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

In January 2022, the Consumer Final Protection Bureau (CFPB) Office of Minority and Women Inclusion issued a report on diversity and inclusion within the financial service industry. regarding potential violations of the Texas Deceptive Trade Practices Act. For more information, click here. On February 4, the U.S.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Federal Activities: On January 13, the Federal Trade Commission (FTC) announced that an investment advice company agreed to a proposed court consent order, requiring it to refund more than $1.2 million to 20,402 people who paid thousands of dollars for a Warrior Trading’s investment programs. State Activities. French Hill (R-AR).

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 29, 2020, the Federal Reserve Board issued its Federal Open Market Committee Statement. The bill has been referred to the House Financial Services Committee for consideration. The event will focus on key cyber insights, leading the digital transformation, diversity in cybersecurity, and defending our democracy.

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CFPB Bringing Back Regulation By Enforcement

Collection Industry News

President Biden’s nominee to lead the CFPB, Federal Trade Commission member Rohit Chopra, was the bureau’s first student loan ombudsman under former CFPB Director Richard Cordray and is expected to return the bureau to its former place at the forefront of consumer protection in financial services.