The National Credit Union Administration (NCUA) — the federal regulator that oversees credit unions — announced that credit unions may partner with third-party digital asset service providers to give members access to cryptocurrencies and other digital assets.
Under the new guidance, credit unions could partner with a third-party to allow members “to buy, sell, and
Companies are continuing to reap the rewards of the Supreme Court’s decision in Facebook v. Duguid earlier this year, in which the Supreme Court confirmed a narrow reading of the Telephone Consumer Protection Act’s (TCPA) much-beleaguered definition of an automatic telephone dialing system (ATDS). In the latest victory, Pascal v. Concentra, Inc., out of
Troutman Pepper is pleased to announce that two members from our team, Molly DiRago and Sadia Mirza have been selected by the IAPP to serve on advisory boards. Molly will join the Privacy Bar Section Advisory Board, and Sadia will join the Women Leading Privacy Advisory Board for terms beginning January 1, 2022. A huge
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has 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
In September 2021, Courthouse News Services (CNS) filed a federal lawsuit in the Eastern District of Virginia against Virginia court officials for allegedly violating the First Amendment rights of the press and public by restricting access to newly filed civil complaints. Currently, only Virginia barred attorneys have digital access to newly filed court records through
Mary Zinsner, a partner in Troutman Pepper’s Washington, D.C. office who handles high stakes litigation matters for banks in state and federal courts nationwide, has been accepted into the American Arbitration Association’s Roster of Arbitrators. AAA arbitrators are viewed as leaders in the practice of alternative dispute resolution (ADR).
Zinsner has handled every type
On December 1, Freddie Mac issued Bulletin 2021-36 to update lenders on changes in loan eligibility requirements. While it is not unusual for Freddie Mac to issue such bulletins, this bulletin contained changes pertaining to cryptocurrency.
Specifically, the bulletin stated that Freddie Mac updated its Seller/Servicer Guide (the Guide) to address “the use of cryptocurrency
On November 18, the Court of Appeals for the Second Circuit reversed a trial court decision that had denied a motion to dismiss on Article III standing grounds. Applying recent U.S. Supreme Court precedent, the Second Circuit ruled that allegations of a state statutory violation and risk of future harm are insufficient to establish Article
In Fillinger v. Third Fed. Sav. & Loan Ass’n, No. 21-3088 (6th Cir. 2021), the Sixth Circuit held that an alleged denial of a loan is a sufficient injury to confer standing under Article III of the Constitution.
The plaintiff, Judy Fillinger, applied for a loan with Third Federal Savings and Loan Association (Third
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has 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