On April 22, the Supreme Court of Appeals of West Virginia issued another amended emergency order extending court deadlines. The order can be found here. The Court’s new order delays all court deadlines for matters scheduled to occur during the emergency period from March 23, 2020 to May 15, 2020 until May 18, 2020.
Earlier this month, twenty-one state attorneys general and the AGs for Washington, D.C. and Puerto Rico sent a letter to the Consumer Financial Protection Bureau (CFPB) urging the CFPB to withdraw its non-binding guidance issued on April 1, 2020 with respect to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The signatory AGs
In an order issued on April 20, the Indiana Supreme Court has exercised its rulemaking authority to prevent creditors from being able to attach or garnish stimulus payments issued under the federal Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). See In re Petition to the Indiana Supreme Court to Engage in Emergency Rulemaking
Senators Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) last week released a proposal for new consumer protection measures that they claim are critical to helping Americans weather the coronavirus (“COVID-19”) pandemic. Noting that the stimulus payments provided by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) may not be enough to cover basic
On April 20, the Indiana Supreme Court issued a published order protecting coronavirus stimulus checks from court orders placing a hold on, attaching, or garnishing funds attributable to a stimulus payment. The order is available here.
Six days earlier, four entities had petitioned the Indiana Supreme Court to act under its emergency rulemaking authority
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-related news and developments, recommendations from leading health organizations, and tools
We are pleased to announce that Troutman Sanders attorney, David Anthony, will present during RMAi’s webinar, “Preparing for the Post-COVID-19 Regulatory Reckoning” on May 6, 2020 at 9:00 a.m. PT. This hard-hitting webinar will cover how organizations can implement safeguards and other processes in order to pass future regulatory audits.
For additional information and
The Consumer Financial Protection Bureau has released a video, available here, providing non-filers of federal tax returns with guidance to receive their economic impact payments, authorized by the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in response to the coronavirus (“COVID-19”) health crisis.
The video notes that most people who qualify for
On April 21, Missouri became the first state to sue China in response to the coronavirus (“COVID-19”) pandemic. Led by Attorney General Eric Schmitt, Missouri joins the ranks of at least seven federal class action lawsuits that have been filed by groups of private plaintiffs claiming that China, despite knowing the danger of
Multiple states have come together to enact initiatives aimed at prohibiting private student loan servicers from certain activities that will remain in place during the coronavirus (“COVID-19”) pandemic. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) did not address private student loans that are not federally-backed. Recently, New York worked out an agreement