On June 16, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a seven-page FAQ memorandum addressing some of the most critical questions for compliance with the new consumer reporting requirements of the “CARES Act”. In sum, this Compliance Aid:
Wednesday, June 24, 2020
3 p.m. ET
On October 3, 2019, the CFPB published a report, entitled Market Snapshot: Background Screening Reports. The report highlights the increased demand for background screenings by employers as well as consumer challenges that may arise from their use given the vast array of data sources and consumer reporting agencies.
On June 4, Commissioner Sandy O’Laughlin of the State of Nevada Financial Institutions Division (“NFID”) informed licensed collection agencies that they may resume operations contingent upon compliance with any outstanding emergency directive issued by Governor Steve Sisolak, guidance issued by a state agency, Justice Court Orders for each jurisdiction, and health and safety guidance from
We are pleased to announce that Troutman Sanders attorney, David Anthony, will present during the Litigation Section of the American Bar Association’s webinar, “Consumer Financial Protection Challenges Amid COVID-19,” on June 3, 2020 at 2:00 pm EDT.
Millions of consumers are suffering negative financial consequences because of the COVID-19 pandemic. Federal, state and local
On April 20, the Supreme Court of the United States issued an order denying a petition for writ of certiorari from Delaware attorney Wheeler Neff, who previously was convicted for assisting American Indian tribes that offer loans with interest rates in excess of what was permitted under state law.
Neff and co-defendant Charles Hallinan were
We are pleased to announce that Troutman Sanders attorney, David Anthony, will present during AccountsRecovery.net’s webinar, “Understanding the AW Condition Code When Credit Reporting,” on May 14, 2020 at 3:00 pm EDT. This webinar will feature a panel of compliance experts from across the credit and collection industry that will share their perspective about
On April 8, the United States Court of Appeals for the Ninth Circuit denied defendant TransUnion’s petition for a panel rehearing and petition for a rehearing en banc in Ramirez v. TransUnion LLC, a case that has been monitored closely by credit reporting agencies.
The Ninth Circuit’s February decision in Ramirez represented a notable
COVID-19 has forced us to ask novel questions generally and look for stay-at-home order workarounds. Compliance with the Fair Credit Reporting Act (FCRA) is no different. One of the many questions that has arisen relates to the reinvestigation of disputed court records. How can this be done with limited access to court records? What should
Earlier this month, twenty-one state attorneys general and the AGs for Washington, D.C. and Puerto Rico sent a letter to the Consumer Financial Protection Bureau (CFPB) urging the CFPB to withdraw its non-binding guidance issued on April 1, 2020 with respect to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The signatory AGs
We are pleased to announce that Troutman Sanders attorney, David Anthony, will present during RMAi’s webinar, “Preparing for the Post-COVID-19 Regulatory Reckoning” on May 6, 2020 at 9:00 a.m. PT. This hard-hitting webinar will cover how organizations can implement safeguards and other processes in order to pass future regulatory audits.
For additional information and