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February

14
2024
Industry News

IRS Sues FDIC Over SVB Taxes

The Internal Revenue Service (IRS) is suing the Federal Deposit Insurance Corp. (FDIC) over a tax debt owed by the failed Silicon Valley Bank.

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February

14
2024
Industry News

DFPI, FTC Take Down Multimillion-Dollar Mortgage Assistance Scam that Preyed on Struggling Homeowners

SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) announced today that, in partnership with the Federal Trade Commission (FTC), it has secured a key consumer protection victory for struggling homebuyers.

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February

14
2024
Industry News

Troutman Pepper Weekly Consumer Financial Services Newsletter - February 2024 # 2

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week:

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February

13
2024
Industry News

Washington State Attorney General wins two suits under medical billing practices

On February 1, the Attorney General from Washington State successfully sued a large healthcare group to pay over $158 million for settlement of funds under the state’s Consumer Protection Act (CPA).

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February

13
2024
Industry News

FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending

WASHINGTON, D.C. – The Federal Financial Institutions Examination Council today issued a statement of principles related to valuation discrimination and bias for member entities to consider in their consumer compliance and safety and soundness examinations.

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