Barron & Newburger Attorneys Secure Win at the Third Circuit, Confirming PA State Lending License Law Does Not Apply to Charged-Off Debt

On February 7, 2024, the Third Circuit Court of Appeals affirmed a district court holding that the Pennsylvania Consumer Discount Company Act (“CDCA”) did not apply to a charged-off debt that was later sold and could not form the basis for a lawsuit brought under the federal Fair Debt Collection Practices Act. Plaintiff brought the…

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Corporate Transparency Act Alert

Legal Alert: New Reporting Rule New year, new you? No! New year, new regulations! Beginning January 1, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) Corporate Transparency Act (CTA) requires that certain entities report their Beneficial Owners’ Information (“BOI”) to FinCEN. In addition, reporting entities must also disclose information about those…

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