- On February 10, while delivering remarks on CNBC‘s Squawk Box and discussing the Securities
California Federal Court Rules Employer’s Background Check Disclosures Meet FCRA Requirements
A recent opinion issued by the U.S. District Court for the Northern District of California granted an employer’s motion for summary judgment, rejecting a series of technical arguments advanced by the plaintiff that the employer’s background check authorization forms violated the Fair Credit Reporting Act (FCRA).
In Keefer v. Ryder Integrated Logistics, Inc. (Ryder Integrated),
Troutman Pepper Weekly Consumer Financial Services Newsletter
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week:
- On February 3, while delivering remarks at the American Bar Association Business Law Section Derivatives
Virginia Considering Legislation to Permit Remote Work for Employees of Licensed Mortgage Lenders and Brokers
Following a trend started during the COVID pandemic, Virginia State Delegate Bill Wiley (R) introduced a bill, HB 2389 in the current legislative session of the Virginia General Assembly that would allow employees of a Virginia-licensed mortgage lender or broker (licensee) to work at an unlicensed remote location upon certain conditions being met. Specifically
Year-End Report Reveals Continuing Trend of Increased FCRA and Decreased FDCPA and TCPA Filings in 2022
According to a recent year-in-review report by WebRecon, Fair Credit Reporting Act (FCRA) filings continued their slow-but-steady increased pace throughout 2022. On the other hand, filings under the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA) were both significantly down from previous years. Likewise, complaints filed with the CFPB were
Troutman Pepper Weekly Consumer Financial Services Newsletter
- On January 27, the Federal Reserve Board (Fed) announced its decision to deny Custodia Bank’s
U.S. House Bill Proposes Excluding Pandemic Evictions From Consumer Reports
On January 20, Representative Steve Cohen (D-Tenn) introduced the Keeping Evictions Off Credit Reports Act, H.R. 408, in the U.S. House of Representatives seeking to prohibit evictions due to the COVID-19 pandemic from appearing on consumer reports. This is the third time that Representative Cohen has proposed this legislation. Representatives Bennie Thompson (D-MS), Yvette
The Wait is Over: New York Department of Financial Services Releases Debt Collection Rule Amendments
On December 28, 2022, the New York Department of Financial Services released its debt collection rule amendments to 23 NYCRR 1, the regulation titled “Debt Collection by Third-Party Debt Collectors and Debt Buyers.” The initial proposed amendments were opened to public comment in late 2021. The rule amendments will take effect 180 days after the
Troutman Pepper Weekly Consumer Financial Services Newsletter
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week:
- On January 19, the Consumer Financial Protection Bureau (CFPB) issued a new circular, affirming that
Troutman Pepper Weekly Consumer Financial Services Newsletter
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week:
- On January 13, the Federal Trade Commission (FTC) announced that an investment advice company agreed