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Debtors Debt Management Companies Financial Services Industry

Orrick, Herrington & Sutcliffe LLP

Colorado extends and amends law for debt-management service providers

On May 22, the Governor of Colorado approved HB 1251 (the “Act”) which will extend the regulation of debt-management service providers through September 1, 2035 (without legislative action, the relevant law would have been...more

Troutman Pepper

Colorado AG Settles With Debt Management Company Over Failure to Provide Customers With Signed Agreements

Troutman Pepper on

On November 3, Colorado Attorney General (AG) Phil Weiser announced that his office reached a settlement with Touchstone Partners, Inc. (Touchstone), a noted debt management company. The AG’s allegations were that Touchstone...more

Goodwin

SEC Issues No-Action Relief On Registered Funds’ Custody Of Loan Interests

Goodwin on

In this Issue. The U.S. Securities and Exchange Commission (SEC) was very active this week, having (i) issued no-action relief allowing registered funds to engage in self-custody of interests in loans that are originated,...more

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