Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues
We are pleased to announce that Troutman Sanders partners Ashley Taylor and David Anthony will be featured speakers at the upcoming Credit and Collections News (CCN) Annual Conference. The conference will be held March 30 through April 1 at the Ritz-Carlton in Amelia Island, Florida.
Ashley will speak on a panel entitled “Working with Your…
The FTC and Maine Office of the Attorney General recently announced a joint settlement with two Portland–based sellers of weight loss supplements. The joint complaint filed in the United States District Court for the District of Maine alleged that Anthony Dill, his wife Staci Dill, and their two companies, Direct Alternatives and Original …
As we previously reported, on November 4, 2015, U. S. Senator Edward Markey (D-Mass.) introduced the Help Americans Never Get Unwanted Phone calls Act of 2015—or HANGUP Act for short. The legislation, which has 14 Democratic co-sponsors, would repeal section 301(b) of the Bipartisan Budget Act of 2015, which …
On January 25, on a 23-15 vote, Virginia’s “ban the box” bill, SB335, passed the Virginia Senate. The proposal will now make its way to the Virginia House of Delegates for deliberation and potential approval.
SB 335 generally bars “state agencies” from inquiring into a job candidate’s criminal background before …
In late December, the Federal Trade Commission and Florida Attorney General filed an amended complaint in an action pending in the United States District Court for the Middle District of Florida that charged nine defendants with violations of the Federal Trade Commission Act, the Telemarketing and Consumer Fraud and Abuse Prevention Act (“Telemarketing Act”), the …
The battle between New York Attorney General Eric Schneiderman and daily fantasy sports companies, FanDuel and DraftKings, continues. On January 11, the First Department of the Appellate Division of the New York Supreme Court allowed the sites to operate while FanDuel and DraftKings appeal a lower court’s order to shut them down. The First Department…
On January 7, the Federal Trade Commission announced four new enforcement actions targeting debt collectors and continuing the FTC’s nationwide crackdown of illegal debt collection tactics. The cases are part of Operation Collection Protection, a coordinated federal-state enforcement initiative targeting deceptive and abusive debt collection practices. Over the past year, 130 actions have been brought…
Despite objections by New York Attorney General Eric Schneiderman, daily fantasy sports (sometimes referred to as “DFS”) fans in New York were able to play using the sites FanDuel and DraftKings over the holidays. This “gift” came in the form of a one-line handwritten order from the First Department of the New …
On December 11, the U.S. Supreme Court agreed to hear a case involving Ohio’s “special counsel” law under the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692-1692p, a case that is likely to have much wider implications involving the standard for determining whether a debt-collection method is “false, deceptive, or misleading.”
According …
Last week, Missouri’s attorney general proposed reforms to address collection practices that he believes target low-income and minority residents.
Attorney General Chris Koster said he sent a letter to the Missouri Supreme Court’s Commission on Racial and Ethnic Fairness requesting changes in court rules that he said would help prevent unscrupulous collection practices.
“These proposed…
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