Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Troutman Sanders

DECEMBER 5, 2022

On November 30, the Federal Trade Commission (FTC) announced that it has temporarily shut down a credit card debt relief program and its affiliated companies that allegedly took millions from consumers by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Credit Card Debt Retail Banks 52

Credit Corp

FEBRUARY 21, 2021

An estimated 15% of American adults who own at least one credit card — roughly 37.2 According to the Federal Trade Commission, Americans reported losing an estimated $1.9 million cases reported were due to credit card fraud, a 72.35% increase in credit card fraud cases from the previous year.

Banks 89

Banks Trade Financial Institution Retail 89

Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Student Loans Student loans Loans 52

Credit Corp

SEPTEMBER 13, 2023

You can get a personal loan from online lenders or from a bank or credit union. Credit Builder Loans : Credit builder loans are offered by some financial institutions. These cards are a little different than the previous type in that you can only use the card at the store that issued it.

Credit Unions 97

Credit Unions Credit Unions Student Loans Student loans 97