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The Federal Communications Commission (FCC) issued a noteworthy order on June 25, 2020, in its continuing interpretation of the Telephone Consumer Protection Act (TCPA). In its order, the FCC confirmed many courts’ existing interpretation of the TCPA, noting that any text platform that requires manual entry of telephone numbers and manual launching of texts on

Troutman Sanders and Pepper Hamilton officially became Troutman Pepper (Troutman Pepper Hamilton Sanders LLP) today, a national law firm of 1,100 attorneys in 23 U.S. offices. Our new firm offers clients greater resources and bench strength, enhanced practices, and expanded geographical reach.

We are now one of the 50 largest law firms in the country,

Authors:

James W. Stevens, Partner, Troutman Sanders
Jacob A. Lutz III, Partner, Troutman Sanders
Mark T. Dabertin, Special Counsel, Pepper Hamilton
Richard P. Eckman, Of Counsel, Pepper Hamilton
Gregory Parisi, Partner, Troutman Sanders

Among growing concern about the long-term implications of Second Circuit’s decision in Madden v. Midland Funding, LLC

The Supreme Court ruled yesterday that the Consumer Financial Protection Bureau (CFPB) can carry on, despite its unconstitutional leadership structure. The ruling gives the President the freedom to replace a CFPB Director at will. In a 5-4 decision, the Court held that the CFPB’s leadership by a single director removable only for cause was an

Authors:
Ron Raether, Partner, Troutman Sanders
Wynter Deagle, Partner, Troutman Sanders
Sharon Klein, Partner, Pepper Hamilton
Alex Nisenbaum, Partner, Pepper Hamilton
Sadia Mirza, Associate, Troutman Sanders
Sam Hyams, Associate, Troutman Sanders

On June 24, 2020, the California Secretary of State released a memorandum (available here) stating that the

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

Yesterday, Troutman Sanders LLP’s Consumer Financial Services Law Monitor reported that AB-2501, a proposed bill allowing for homeowners to defer their mortgage payments for up to a year, failed to pass by a narrow margin. The bill’s author, Assembly Member Monique Limón (D-Santa Barbara), quickly moved for reconsideration. However, as the Assembly has now entered

On June 16, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a seven-page FAQ memorandum addressing some of the most critical questions for compliance with the new consumer reporting requirements of the “CARES Act”. In sum, this Compliance Aid:

  • Addresses the specific credit reporting requirements of the CARES Act, including considerations for furnishers when

Earlier this month, the United States District Court for the District of Minnesota granted a national credit reporting agency’s motion for judgment on the pleadings, holding that it was not obligated under the Fair Credit Reporting Act to report all tradelines contained in a consumer’s credit file.

In this case, plaintiff Troy Krosch alleged that

Authors:
Miranda Hooker, Partner, Pepper Hamilton
Ashley L. Taylor, Jr., Partner, Troutman Sanders
Ryan J. Strasser, Associate, Troutman Sanders
Katherine E. Stark, Associate, Pepper Hamilton

Throughout the 20th and 21st centuries, every national crisis in the United States has left a long wake of investigations in its trail at all levels