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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On November 2, the Federal Housing Administration (FHA) announced its publication of updated appraisal requirements for valuation of certain manufactured homes. For more information, click here. State Activities: On November 9, the State of Minnesota enacted a bill, Chapter 70 — S.F.No.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On October 20, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting agencies about their obligation to screen for and eliminate what the CFPB describes as “obviously false ‘junk data'” from consumerscredit reports. For more information, click here. On October 19, the U.S.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On March 15, the Federal Trade Commission (FTC) filed an administrative complaint against an electronic payment company for allegedly opening credit card processing merchant accounts for fictitious companies on behalf of a business opportunity scam that the FTC previously sued. For more information, click here.