Burr Forman

AUGUST 31, 2021

District Court for the Middle District of Alabama joined a growing number of courts dismissing FCRA claims based upon a furnisher’s alleged failure to remove an “account in dispute” notation from consumer credit reports. In Griffin v. Experian Information Solutions, Inc. , 1:20-cv-801-RAH-SMD, 2021 WL 3782141 (M.D.

Manufacturing 98

Manufacturing Education Consumer Credit 98

Troutman Sanders

OCTOBER 28, 2021

Specifically, the final rule provides for the following adjustments: For open-end consumer credit plans under TILA, the threshold that triggers requirements to disclose minimum interest charges will remain unchanged at $1.00 The rule takes effect on January 1, 2022. For QMs under the General QM loan definition in Section 1026.43(e)(2),

Loans 52

Loans Credit Unions Credit Unions Consumer Credit 52

Troutman Sanders

SEPTEMBER 19, 2023

Specifically, the final rule provides for the following adjustments: For open-end consumer credit plans under TILA, the threshold that triggers requirements to disclose minimum interest charges will remain unchanged at $1.00 The rule takes effect on January 1, 2024.

Manufacturing 52

Manufacturing Loans Consumer Credit Banks 52

Troutman Sanders

NOVEMBER 13, 2023

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.

Financial services 52

Financial services Manufacturing Debt Management Debtor 52

Troutman Sanders

MARCH 21, 2022

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.

Financial services 52

Financial services Financial Institution Manufacturing Debt collector 52

Troutman Sanders

OCTOBER 31, 2022

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 consumers’ credit reports. For more information, click here. On October 19, the U.S.

Financial services 52

Financial services Student Loans Student loans Loans 52