APPEALS COURT UPHOLDS $150K RULING AGAINST DEFENDANT IN FDCPA CASE
- The Court of Appeals for the Eleventh Circuit has upheld a ruling in favor of the plaintiffs in a Fair Debt Collection Practices Act case, saying the argument raised by the defense is “too little, too late,” and that the defendant remains responsible for nearly $150,000 in damages and attorney’s fees.
CFPB GOES AGFTER REPEAT OFFENDER FOR SCAMMING MILITARY FAMILIES
- The Consumer Financial Protection Bureau on Friday announced it had filed a lawsuit against a national chain of pawnshops, accusing it of violating the Military Lending Act (MLA) by imposing interest rates that were higher than allowed by law, including provisions requiring mandatory arbitration — also prohibited, and for not making required loan disclosures. The lawsuit marks the second time that the CFPB has engaged in an enforcement action against this particular company, further illustrating Director Rohit Chopra’s assurances to go after repeat offenders.
PREMIUMS UP 4% TO $22K EVEN THOUGH FEWER USED HEALTH INSURANCE: REPORT
- The COVID-19 pandemic has done what just about nothing else could — slowed the amount that individuals and families are responsible for when it comes to their healthcare expenses, according to data released last week by the Kaiser Family Foundation.
PHEAA AGREES TO ONE-YEAR EXTENSION OF SERVICING STUDENT LOANS
- Less than five months after it announced it was exiting the student loan servicing business, the Pennsylvania Higher Education Assistance Agency — more commonly known as PHEAA — disclosed on Thursday that it had reached an agreement with the Education Department to extend its contract for one year to allow more time to transition students to other servicers.
HOW EXPERTS ARE INTERPRETING LATEST LEGAL RULINGS
- Each week, AccountsRecovery.net publishes summaries of legal rulings that are impacting the accounts receivable management industry. But those summaries don’t necessarily provide insight into what you need to do — if anything — as a result of those rulings. For that, I turn to the experts. Every week, the top legal minds of the industry weigh in on those rulings, providing much-needed context and insight to help you better understand the rulings and be better informed when making important decisions. This week, Rick Perr, Christopher Morris, Shannon Miller, Mitch Williamson, Laurie Nelson, Stacy Rodriguez, Jason Tompkins, Dale Golden, and Virginia Bell Flynn share their wisdom with you. This series is sponsored by Bedard Law Group.
WORTH NOTING: A feel-good story about a girl being reunited with her lost teddy bear … All my kids ever make me is anxious … You can now get loaded again while flying United … The hottest toys for this year’s holiday season … The Great Resignation is not slowing down … A bank teller has been identified as one of the most wanted fugitives, 52 years after committing his crime … How managers can check in with employees during a stressful holiday season … The 10 most expensive ZIP codes in America … The most common signs that you might be burning out at work.
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Music Monday
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