The Federal Trade Commission announced today that it had agreed to settle charges against Capital Payments LLC (now known as Bluefin Payment Systems, LLC), for its alleged involvement with The Tax Club, a group of entities engaged in fraudulently telemarketing development services, including business formation, counseling, credit development, and marketing to individuals seeking to establish …

We are pleased to announce that Troutman Sanders partner David Anthony will be a featured speaker at the American Conference Institute’s Data Breach & Privacy Litigation and Enforcement Conference at the Union League in Philadelphia March 17-19, 2016. 

David will be a featured speaker on a panel entitled “Business to Business Claims: Vendor Lawsuits; …

Troutman Sanders would like to share the attached favorable decision from the Eastern District of Virginia on behalf of its client, Portfolio Recovery Associates (“PRA”).  The district court recently denied plaintiff’s motion for class certification in a case alleging that PRA violated the Fair Debt Collection Practices Act by sending debt …

The Fifth Circuit recently adopted a presumption in favor of retaining federal jurisdiction under the Class Action Fairness Act (“CAFA”) and placing the burden squarely on plaintiffs who seek to remand a case based on one of CAFA’s limited exceptions.  Specifically, the Court held that “[i]f the applicability of an exception …

I.   Background

On February 3, 2016, the Consumer Financial Protection Bureau (CFPB) issued a bulletin warning companies that furnish information on consumers to consumer reporting agencies (CRAs) yet again of the need to have adequate policies and procedures. This bulletin makes clear that any company that supplies information to CRAs is in an area of…

We are pleased to announce that Troutman Sanders Partner Ron Raether will be a featured speaker during a live webinar, entitled, “Why are Transnational Criminal Enterprises Targeting the Financial Services Sector and is My Organization Prepared or are We the Next Victim?,” hosted by the Information Systems Security Association (ISSA) Financial Special Interest Group.  The …

On February 2, the Fourth Circuit held that an arbitration agreement “may not flatly and categorically renounce the authority of the federal statutes to which it is and must remain subject.”  Because the arbitration agreement at issue sought to “avoid state and federal law and to game the entire system,” the three-judge panel concluded that …

On February 3, the Consumer Financial Protection Bureau announced that it is taking steps to help consumers get better access to checking accounts.  The CFPB has “concerns that consumers are being sidelined by the lack of account options and by inaccurate information used to screen potential customers.”  Towards that end, the CFPB sent …