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FORMER ATTORNEY AT — AND NOW A CRITIC OF — CFPB SAYS DIRECTOR WILL LEAVE WITHIN 90 DAYS
- A former enforcement attorney for the Consumer Financial Protection Bureau, speaking at a debt collection conference in Nashville last week, said that CFPB Director Richard Cordray will leave the agency by the end of the summer and that there will not be any significant rulemaking from the bureau until Cordray is replaced.
LAW FIRMS LITIGATING ON BEHALF OF COLLECTORS ARE SUBJECT TO FDCPA: APPEALS COURT
- Lawyers and law firms hired by debt collectors to file suits against individuals are subject to the Fair Debt Collection Practices Act, according to a recent ruling by the 11th Circuit Court of Appeals. The FDCPA applies to all litigation activities attorneys representing debt collectors, except pleadings, which are exempted under the law.
SETTLEMENT INVOLVING POPULAR PLAINTIFFS’ ATTORNEY ELIMINATES POTENTIALLY INTERESTING LEGAL SHOWDOWN
- An interesting case involving one of the most popular attorneys filing claims against collection agencies has been settled. While it has nothing to do with collection agencies per se, just about everyone in the industry will know the name of Todd Friedman. A company being sued by Friedman and one of his clients was standing up saying that the pair were guilty of treating lawsuits like an automobile assembly line and should not be able to use the law as a profit-making opportunity.
WORTH NOTING: Life insurers are testing technology that would use selfies to predict life expectancy … Ten things a financial planner learned helping rich people manage their money … The pay gap even exists among doctors … The woes at United Airlines continue: the world’s largest bunny died on a United flight … Is the free Disney Dining Plan worth it? … Companies that try to sell to Major League Baseball teams share their sales secrets … Coca-Cola is cutting 1,200 jobs, 1% of its workforce … The 10 best entry-level jobs in 2017 … Pope Francis gave a TED Talk … The middle class is shrinking.
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.
