In a joint statement, four federal agencies in consultation with state bank regulators clarified that as a result of the Agriculture Improvement Act of 2018 (“2018 Farm Bill”), banks no longer are required to file a Suspicious Activity Report (“SAR”) on customers “solely because they are engaged in the growth or cultivation of hemp.”
We are pleased to announce that Troutman Sanders attorney Sadia Mirza will be presenting during the IG3 Retreat Series. The Retreat is being held at The Resort at Pelican Hill in Newport Beach, California. This Retreat Series will provide an understanding of current trends, best practices and emerging technologies in eDiscovery & Information Governance, InfoSec,
As the world waits to see whether the United States Supreme Court will consider the constitutionality of the Telephone Consumer Protection Act, a magistrate judge in the United States District Court for the Southern District of Florida recently weighed in on the issue, denying a defendant’s motion to dismiss a class action where the defendant
Days before Thanksgiving, the Federal Trade Commission secured a $3.15 million judgment against a telemarketing company that “defrauded financially distressed consumers throughout the United States by selling them bogus credit-card interest-rate-reduction services.”
In late 2017, the FTC brought claims against Higher Goals Marketing LLC (“HGM”) and multiple other defendants, alleging that the company violated Section
On November 7, the United States District Court for the Western District of Tennessee addressed the issue of whether it is a violation of the Fair Credit Reporting Act for a creditor to report a charged-off account with a monthly payment due. In Ruvye Cowley v. Equifax Info. Servs., LLC, et al., the Court
On November 5, the United States District Court for the Middle District of Florida held that allegations that a debt collector incorrectly reported a debt through a Metro 2 Format to one or more CRAs were insufficient to state a claim under the Fair Debt Collection Practices Act.
In Koehler v. Waypoint Res. Grp., LLC
Carol Stanton, a legal practice assistant in Troutman Sanders’ Richmond office, has been recognized as an “Unsung Legal Hero” by Virginia Lawyers Weekly. Stanton, who has been in the legal field for 30 years, is recognized alongside 33 other individuals “who have consistently gone above and beyond the call of duty” for their organizations.
Massachusetts is proposing a bill to regulate student loan servicers and bring the Commonwealth in line with other states, including Connecticut, Colorado, Illinois, Maine, Maryland, Nevada, New Jersey, New York, Rhode Island, and Washington, all of which have passed new legislation to regulate the student loan industry. Similar legislation recently has been introduced, but not
Effective October 16, the New York State Department of Financial Services adopted final regulations impacting student loan servicers operating in the state. The legislation, titled Article 14-A, passed in April 2019 and imposes new licensing requirements and servicing standards on institutions that service loans for borrowers residing in New York. The new regulations will affect
After two and a half years of litigation in the Southern District of New York, the Court entered judgment against Credit One Bank, N.A. on November 22 for violations of the Telephone Consumer Protection Act.
The case presented a variety of contentious TCPA issues, including: (1) whether calling a phone number previously belonging to a
