We have posted several new topics to the Consumer Financial Services Law Monitor blog throughout the month of April. To read further, click on the titles below:


Featured Posts/Client Alerts

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – April 25, 2022

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – April 18, 2022

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – April 11, 2022

Texas Supreme Court Holds Administrative Wire Transfer Form Does Not Impose Contractual Duties on Bank

Utah Governor Signs Commercial Financing Registration and Disclosure Act

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – April 4, 2022


Cryptocurrency

Idaho’s Digital Asset Act Excludes Cryptocurrency From Securities Laws

Not Your Keys, Not Your Coin: SEC Tells Crypto-Custody Providers to Report Platform Users’ Crypto Holdings as Balance Sheet Liabilities

World’s Largest Cryptocurrency Exchange Wins Dismissal of Class-Action Lawsuit

Digital Asset Federal Legislation and Regulatory Developments: Wrap Up of First Quarter 2022

New York Department of Financial Services to Start Charging Assessments to Virtual Currency Businesses

New Virginia Law Permits Banks to Provide Virtual Currency Custody Services

US Treasury Secretary Janet Yellen Discusses Digitization of the American Economy; States Digital Asset Regulation Should Be “Tech Neutral”

FDIC Requires Notice of Crypto-Related Activities


Cybersecurity, Information Governance + Privacy

Congress Tackles Incident Response for Critical Infrastructure

SEC Reveals Internal Security Incident


Consumer Financial Protection Bureau (CFPB)

CFPB Makes Move to Widen Supervisory Scope

CFPB Signals Increased Scrutiny Over Education Lenders

CFPB Highlights Default Risk Factors for Student Loans

White House Signals Strong Consumer Protections in Medical Debt

CFPB Releases Blog Post on the Dischargeability of Private Student Loans in Bankruptcy


Credit Reporting and Data Brokers

Ninth Circuit Finds Standing in FCRA File Disclosure Case But Rejects Expansive View of Definition of “File”


TCPA

Is Express Revocation Necessary? District Court Finds Genuine Dispute of Material Fact Regarding TCPA Consent, Absent Evidence of Express Revocation


Debt Buyers and Collectors

Court Denies Cross Motions for Judgment on the Pleadings for FDCPA and TCPA Violations Based on Post Settlement Collection Calls


Regulatory

Federal Contractors on Notice After DOJ Announces First Civil Cyber Fraud Initiative Settlement

Senate Banking Committee Ranking Member Drafts Stablecoin Regulatory Framework Exempting Stablecoins From SEC Regulation