CALIF. DA REACHES $30K SETTLEMENT WITH DEBT BUYER, COLLECTION LAW FIRM
- A debt buyer and collection law firm in California have reached a settlement with a local District Attorney after being accused of suing an individual in an attempt to collect a debt that the individual did not owe, according to a published report. The settlement includes a civil penalty, a fine to reimburse the county for the costs of the investigation, and a prohibition for both the debt buyer and the law firm against using what are referred to as “gag clauses” that prevents individuals from reporting incidents to authorities.
HUNSTEIN UPDATE: DEADLINE TO FILE PETITION EXTENDED, MORE LAWSUITS BEING FILED
- The defendant in the Hunstein case before the Eleventh Circuit Court of Appeals yesterday asked for, and received, a two-week extension to file its petition for an en banc rehearing before the entire panel of Eleventh Circuit judges.
ACA QUESTIONS CFPB’S MOTIVES IN SEEKING DELAY OF DEBT COLLECTION RULE
- ACA International has submitted its comment to a proposal from the Consumer Financial Protection Bureau to delay the enactment of Regulation F, its debt collection rule, arguing that postponing the effective date of the rule for 60 days — to January 29, 2022 — would not likely “have a meaningful impact” on the readiness of collectors to comply with the regulation’s provisions. Rather than delay the effective date, ACA International suggested that the CFPB would be better off delaying the enforcement of the rule’s provisions for between six months and a year after the effective date, which is currently set for November 30. The association also questioned the motivations behind the proposed delay, saying that nobody in the industry has asked for more time to comply.
SENATE BILL AIMS TO PROHIBIT ‘PREDATORY’ COLLECTORS FROM ACCESSING PPP LOANS
- A month after a similar bill was introduced in the House of Representatives, a bill has been introduced in the Senate that seeks to choke off access to the Paycheck Protection Program for any debt collector that has committed any violation of the Fair Debt Collection Practices Act.
WORTH NOTING: When in doubt, anything can be a weapon, I guess … Why a lot of people moved out of big cities during the pandemic … Ideas to keep moms, and other employees, from quitting … A lot of people are buying airline tickets and making hotel reservations … Home buyers are having to get very creative … The 10 best summer anthems … Finally, a job that was made for me … He must really love SpongeBob.
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