On March 13, New York State introduced proposed legislation titled the Fostering Affordability and Integrity Through Reasonable Business Practices Act (FAIR Act). The proposed legislation seeks to broaden the scope of...more
6/17/2025
/ Abusive Acts ,
Affirmative Defenses ,
Article III ,
Debt Collection ,
Financial Services Industry ,
General-Business ,
Lenders ,
Mortgages ,
New York ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform ,
Standing ,
Student Loans ,
Unfair or Deceptive Trade Practices
The legal and constitutional implications of New York’s Foreclosure Abuse Prevention Act (FAPA) are back in the spotlight as the U.S. Court of Appeals for the Second Circuit again turns to the New York Court of Appeals for...more
5/23/2025
/ Appeals ,
Borrowers ,
Constitutional Challenges ,
CPLR ,
Financial Abuse ,
Foreclosure ,
Judicial Authority ,
Lenders ,
Mortgages ,
New York ,
Regulatory Reform ,
Statutory Interpretation
On February 14, 2023, the New York Court of Appeals overturned the Appellate Division, Second Department’s Kessler decision, which had applied a strict application of Real Property Actions and Proceedings Law § 1304, also...more
On December 30, 2022, New York Governor Kathy Hochul signed the Foreclosure Abuse Prevention Act (FAPA) into law. The legislation remained unchanged from its passing back in May 2022 despite many industry experts expecting...more
2020 was a transformative year for the consumer financial services world. As we navigate an unprecedented volume of industry regulation, Troutman Pepper is uniquely positioned to help its clients find successful resolutions...more
3/3/2021
/ Background Checks ,
Banking Sector ,
Bankruptcy Code ,
Banks ,
CARES Act ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Debt Collection ,
Debt Collectors ,
ECOA ,
Fair Credit Reporting Act (FCRA) ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Lenders ,
Student Loans ,
TCPA