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Home Daily Digest

Daily Digest – August 13. Collector To Turn Over $20M in Accounts Under Settlement with Ga. AG; Judge Grants MTD in Class Action

mikegibb by mikegibb
August 13, 2021
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DEBT COLLECTOR TO TURN OVER $20M IN ACCOUNTS UNDER SETTLEMENT WITH GEORGIA AG

  • The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay a fine of $41,500.

ARIZ. JUDGE GRANTS MTD IN FDCPA CLASS ACTION OVER CREDIT REPORTING LANGUAGE IN LETTER

  • A District Court judge in Arizona has granted a defendant’s motion to dismiss a class action complaint after it was sued for allegedly violating the Fair Debt Collection Practices Act for using language in a collection letter that made it seem as though both the defendant and the original creditor were going to report the unpaid debt to credit reporting agencies.

CREDIT CARD LIMITS BACK ON RISE FOR MOST TYPES OF CONSUMERS: CFPB

  • Credit card lenders and financial institutions are apparently a little leery of the state of the economy and consumer’s ability to meet their financial obligations and are keeping balance limits largely stationary for the time being, except for one group of consumers — and it’s probably not the group you would guess — according to data released this week by the Consumer Financial Protection Bureau.

SENATE REPUBLICAN WORKING TO OVERTURN LATEST EVICTION MORATORIUM

  • The leading Republican on the Senate Banking Committee is trying to get the latest eviction moratorium put in place by the Centers for Disease Control overturned, saying that the move “lacks both a legal and an economic justification.”

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