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
Comment Period Closes on FCC Petition Regarding TCPA Emergency Purposes Exception Related to COVID-19
On March 30, several financial service providers filed a petition with the Federal Communications Commission asking for clarification on the Telephone Consumer Protection Act’s emergency purposes exception in the context of the coronavirus (“COVID-19”). The comment period on that petition closed this week, with a further reply date of May 21, 2020. This follows the
Senators Announce Plans to Introduce COVID-19 Consumer Data Protection Act
On April 30, a group of senators announced their plan to introduce the “COVID-19 Consumer Data Protection Act” (the “Act”). The Act would cover the collection and use of personal geolocation, health, and proximity data, and provide measures to hold businesses accountable to consumers if they misappropriate personal data to fight the coronavirus
Complimentary Webinar Invitation: Paycheck Protection Program Webinar – How Lenders Can Defend Against Claims in PPP Litigation
Speakers:
James Stevens, Partner, Troutman Sanders
Richard Eckman, Of Counsel, Pepper Hamilton
Amy Williams, Partner, Troutman Sanders
Maryia Jones, Associate, Troutman Sanders
Richard Zack, Partner, Pepper Hamilton
Callan Stein, Partner, Pepper Hamilton
Join Troutman Sanders and Pepper Hamilton for a webinar on Friday, May 8, 2020 at 1:00 p.m. EDT
NCUA Amends Regulations to Support the CARES Act PPP
On April 27, the National Credit Union Association (“NCUA”) issued an interim final rule updating several existing regulations (12 C.F.R. Parts 702 and 723) to conform to changes made by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”)
The Feds and the FCRA: SCOTUS Declines To Resolve Circuit Split Over Whether Sovereign Immunity Bars Suits Against the Federal Government for FCRA Violations
Can consumers sue the federal government and its agencies for violating the Fair Credit Reporting Act? As we previously have observed, the answer varies by circuit and even by district, but the Supreme Court of the United States has just officially declined to wade into the debate—at least for now.
In
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
Ninth Circuit Denies Petition for Panel Rehearing and for Rehearing En Banc in Ramirez Appeal
On April 8, the United States Court of Appeals for the Ninth Circuit denied defendant TransUnion’s petition for a panel rehearing and petition for a rehearing en banc in Ramirez v. TransUnion LLC, a case that has been monitored closely by credit reporting agencies.
The Ninth Circuit’s February decision in Ramirez represented a notable
“Callin’ Baton Rouge”? Public Service Commission Says No Moratorium on Telephonic Solicitation and Debt Collection in the Pelican State, for Now
The status of the Louisiana Public Service Commission’s (“Commission”) potential enforcement of the available emergency measures pursuant to the Do Not Call General Order (Docket No. R_29617, decided Oct. 11, 2006) (“DNC Order”) has been unclear. While these emergency measures generally have been imposed during prior emergencies, they presently remain unimplemented despite Governor John Bel
Court Approves Historic FTC-Facebook Settlement Giving Businesses 5 Billion Reasons to Reevaluate Privacy Programs
On Friday, April 23, the United States District Court for the District of Columbia approved Facebook’s $5 billion settlement with the Federal Trade Commission, nearly 10 months after the FTC had announced it in July 2019. The settlement is the largest penalty in history for a violation of consumer privacy, the largest obtained by the