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:
Troutman Pepper Weekly Consumer Financial Services Newsletter
- On June 9, the Office of the Comptroller of the Currency (OCC) announced a request
CFPB Enters Consent Order Against Medical Debt Collector for Alleged FCRA and FDCPA Violations
On June 8, the Consumer Financial Protection Bureau (CFPB) announced that it had entered a consent order against medical debt collector Phoenix Financial Services for alleged violations of the Fair Credit Reporting Act (FCRA) and Fair Debt Collection Practices Act (FDCPA).
According to the CFPB, Phoenix sent collection letters to consumers who had disputed the
New York’s Attorney General Proposes New Crypto Legislation in Crackdown on Industry
New York’s Attorney General Letitia James has proposed landmark legislation entitled the Crypto Regulation, Protection, Transparency, and Oversight Act (CRPTO Act) in an attempt to tighten New York’s regulations on the cryptocurrency industry. The CRPTO Act aims to stop conflicts of interest, require public reporting of financial statements, and bolster investor protections. The Attorney General
Troutman Pepper Weekly Consumer Financial Services Newsletter
- On June 2, President Biden announced his intent to extend the tenures of two Republicans
Crypto Enforcement Actions
In this episode of The Crypto Exchange, Troutman Pepper Partner Ethan Ostroff welcomes his colleague Mike Lowe to discuss crypto enforcement actions, including criminal enforcement actions related to cryptocurrency. Mike shares his experience in crypto enforcement during his lengthy tenure as a federal prosecutor.
Troutman Pepper Weekly Consumer Financial Services Newsletter
- On May 30, the United States, in coordination with the G7 and other international partners,
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 May 19, the Federal Reserve Bank of New York’s New York Innovation Center (NYIC)
Troutman Pepper Weekly Consumer Financial Services Newsletter
- On May 12, Federal Reserve Board Governor Phillip Jefferson spoke at the How to Get
Ohio Federal Court Holds Mortgage Lender’s Assessment of Post-Acceleration Late Fees Was Authorized by Loan Documents
In Schmitt v. Security National Servicing Corporation, the plaintiff filed a class action complaint alleging violations of the Fair Debt Collection Practices Act (FDCPA) and Ohio Residential Mortgage Lending Act (RMLA) premised on the assertion that her loan documents did not provide for the imposition of late fees after acceleration of the loan. The