JUDGE REMANDS FDCPA CASE BACK TO STATE COURT
- A District Court judge in New York has disagreed with both the plaintiff and defendant in a Fair Debt Collection Practices Act case and remanded the case back to state court for lack of standing, ruling that the plaintiff did not suffer a concrete injury based on the claims that he alleged in his amended complaint.
BILL INTRODUCED IN SENATE TO BAN ARBITRATION CLAUSES
- A bill has been introduced in the Senate by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, that would ban forced arbitration clauses in the financial services industry.
BERKELEY COLLEGE TO CANCEL $20M IN UNPAID LOANS, REVAMP COLLECTION PROCEDURES IN SETTLEMENT WITH NYC
- The City of New York has reached a settlement with a for-profit university that will force the school to stop collecting on $20 million of unpaid student loans while also paying a fine of $350,000 for, among other allegations, collecting debts that were not owed, concealing its identity from former students when collecting debts, and lying on court documents about when debts were accrued.
GROUP CASHES IN ON NFT CRAZE TO WIPE OUT $7M IN MEDICAL DEBT
- A group of Dallas-area software developers have used the craze surrounding NFTs, or non-fungible tokens, to wipe away $7 million in unpaid medical debt thanks to a donation made to RIP Medical Debt.
WORTH NOTING: Gas prices hit a new record high yesterday … How much higher can they get? … Here is a list of the least fuel efficient vehicles on the market … How to give employees more freedom … How to manage your money during a period of global unrest … A boy with uncombable hair is becoming a hit on Instagram … The benefits of mindfulness exercises … Doomsday prepping is going mainstream.
How to save at the gas pump
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