Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools
Troutman Sanders Weekly Consumer Financial Services COVID-19 Newsletter – May 4, 2020
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools
Troutman Sanders Weekly Consumer Financial Services COVID-19 Newsletter – April 27, 2020
Like most industries today, consumer finance services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19-related news and developments, recommendations from leading health organizations, and tools
Troutman Sanders Weekly Consumer Financial Services COVID-19 Newsletter – April 20, 2020
Like most industries today, consumer finance services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19-related news and developments, recommendations from leading health organizations, and tools
Please Join Troutman Sanders for the Complimentary Webinar, “Lessons Learned from the Great Recession” on April 16, 2020
Please join Troutman Sanders’ attorneys, Andrew Buxbaum, Jon Hubbard, Mohsin Reza, and Elizabeth Briones for the Complimentary Webinar: “Lessons Learned from the Great Recession” on April 16, 2020 from 3:00 – 4:00 p.m. ET.
The economic consequences of the coronavirus (COVID-19) pandemic are proving to be far-reaching as millions of American consumers are finding
Troutman Sanders Weekly Consumer Financial Services COVID-19 Newsletter – April 13, 2020
Like most industries today, consumer finance services businesses are being significantly impacted COVID-19. Troutman Sanders and Pepper Hamilton have developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use
California Emergency Rule Suspends Judicial Foreclosures
On April 6, the California Judicial Council, which is the policymaking body of the California court system, adopted 11 emergency rules in light of the coronavirus (“COVID-19”) pandemic.
Emergency Rule 2 suspends all judicial foreclosures, including actions for deficiency judgments. All judicial foreclosures are stayed and the statute of limitations is tolled until 90 days
CFPB Settles With Short-Term Lender After Finding Violations of FCRA, TILA, REG V, and REG Z
On April 1, the Consumer Financial Protection Bureau issued a consent order against Cottonwood Financial, Ltd., a short-term, small dollar lender located in Texas. After reviewing the lender’s installment lending, payday lending, title lending, marketing, collections, and furnishing practices, the CFPB identified a number of violations, including those under the Fair Credit Reporting Act, 15
The Fifth Circuit Finds No FDCPA Violation When the Debt Collector Warned That the Debt “May” Increase
In Salinas v. R.A. Rogers, Inc., debtor Marco Salinas obtained a personal loan that was silent as to whether interest or charges could accrue in the event of default. After Salinas defaulted, debt collector R.A. Rogers, Inc. sent a letter informing him of the total amount due and warning that interest and other charges
Good Cyber Hygiene Required: FBI Warns of Rise in Internet Fraud Schemes Due to COVID-19
The Federal Bureau of Investigation warns that cyber scammers are leveraging the coronavirus (“COVID-19”) to steal money, personal information, or both through phishing emails, fake Centers for Disease Control and Prevention emails, and solicitations selling counterfeit treatment, masks, and respirator equipment. See the FBI’s March 20 alert here. Business email compromise continues