Please join us on Wednesday, June 30 at 3 PM Eastern/12 noon Pacific for an update from Troutman’s Appellate and Supreme Court practice on the most important cases from the U.S. Supreme Court in the last year, as well as a preview of major certiorari grants for the 2021–2022 term. Two of the firm’s appellate
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
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
FTC Says: “Show Me the Money”
On June 7, the Federal Trade Commission (FTC) announced a proposed settlement with MoviePass. And in an interesting twist, the FTC used the proposed settlement to announce a novel means of obtaining monetary relief.
As you’ll remember from our prior commentary, the Supreme Court recently held in AMG Capital Management that Section 13(b) of
Biden Signs Executive Order Aimed at Improving the Federal Government’s Cybersecurity
On May 12, President Biden signed an executive order (EO) that seeks to improve the federal government’s cybersecurity. This comes in the wake of sweeping cyber incidents, such as the SolarWinds incident. The EO calls on both the federal government and the private sector to work collaboratively to identify, deter, detect, and respond to cyber
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
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
The Scope of the Least Sophisticated Consumer Standard: New York District Court Grants Defendant’s Motion to Dismiss in FDCPA Case
In Teitelbaum v. I.C. Sys., a New York district court granted a defendant’s motion to dismiss in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized that the least sophisticated consumer standard may not be invoked to support the proposition that a collection letter is ambiguous in situations where
GDPR – Three Years Later, The Lessons Learned and What’s to Come
Thursday, June 24 • 3:00 – 4:00 p.m. ET
The General Data Protection Regulation was passed May 25, 2018 and sparked a worldwide discussion on how organizations both within and outside the EU approach data privacy.
During this webinar, our speakers will provide an overview of the law, discuss key trends and observations since its
Court Finds Plaintiff’s Subjective Interpretation of a Debt Collection Letter Insufficient to Confer Standing Under the FDCPA
The Southern District of Florida has added to the growing collection of cases under the Fair Debt Collections Practices Act (FDCPA) based on a lack of standing.
In Preisler v. Eastpoint Recovery Grp., No. 20-CV-62268-RAR (S.D. Fla. May 25, 2021), the defendant, United Holding Group, LLC, purchased a debt owed by the
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
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
CSBS Seeks Comment on Licensing Requirements for MSBs
On May 24, the Conference of State Bank Supervisors (CSBS) released that it is seeking public comment on proposed nationwide licensing requirements for money service businesses (MSBs). The comment period will end on July 23.
The proposal aims to create a national standard for licensure across the MSB industry, while providing state regulators with the