APPEALS COURT UPHOLDS WIN FOR DEFENDANT IN FDCPA CASE
- The Court of Appeals for the Sixth Circuit yesterday overturned a summary judgment ruling in favor of a collector in a Fair Debt Collection Practices Act case, but only to remand the case back to the District Court with instructions to dismiss it instead, because the plaintiff lacked standing to bring his suit in the first place.
JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER CREDITOR ID IN LETTER
- A District Court judge in Florida has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, while also pointing out that the legal theory put forth by the plaintiff’s attorney has been “tartly” rejected by other courts and “does not improve by repetition.”
NY DFS SUPERINTENDENT ANNOUNCES RESIGNATION
- Linda Lacewell, the Superintendent of the New York Department of Financial Services, has announced her resignation and will leave office on August 24, the same day as departing Gov. Andrew Cuomo. Lacewell has been tied to the sexual harassment claims made against the governor, allegedly helping work to discredit one of the women who had stepped forward and accused Gov. Cuomo.
CONSUMER ADVOCACY REPORT DETAILS NUMBER OF INDIVIDUALS MAKING STUDENT LOAN PAYMENTS DURING PANDEMIC WHO ARE UNDERWATER
- A pair of national consumer advocacy groups are calling on the federal government to cancel student loan debts “across-the-board” as a means of helping individuals improve their financial futures, after analyzing more than 400,000 loans being serviced by Navient. The analysis looked at individuals who are in income-driven repayment plans and voluntarily have made payments during the COVID-19 pandemic, revealing that 63% of those individuals owe more than what was originally borrowed.
WORTH NOTING: The struggle and debate for employers over whether to mandate employees get vaccinated … Some schools are paying parents to drive their kids back and forth to school because of a shortage of bus drivers … Money-saving lessons learned during the pandemic … If you have ever wanted to see footage of the Taliban riding bumper cars, today is your day … How newspapers covered the fall of Afghanistan … What you need to know if you are considering investing in cryptocurrency … Congratulations to Carli Lloyd on a great career … Lake Mead is at its lowest level ever.
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