JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA CASE OVER UNANSWERED DISPUTE
- If you’re the second collection agency attempting to collect on a debt, are you responsible for the sins of the first? If the sin is not responding to a dispute notice and validation request, a District Court judge in Connecticut has ruled you’re not, granting a defendant’s motion for judgment on the pleadings because the plaintiff lacked standing to pursue her claim.
CONSUMER FILES REG F LAWSUIT OVER MISSING ITEMIZATION DATE IN LETTER
- A plaintiff has filed a lawsuit in Texas against a collection agency, alleging it violated the Fair Debt Collection Practices Act and Regulation F because it sent a collection letter that allegedly failed to include an itemization date while also allegedly including contradictory information as to whether interest on the underlying debt was actually accruing.
CFPB PLANS TO ‘RAMP UP’ ENFORCEMENT ACTIONS OVER CREDIT CARD LATE FEES: REPORT
- Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish how much issuers can charge when a consumer fails to make a payment on time.
AGS CALL ON BIG BANKS TO END OVERDRAFT FEES
- A group of 18 state attorneys general sent letters to four of the largest financial institutions in the country this week, urging them to stop charging overdraft fees on consumers by this summer, and while the states did not make any threats in the letter about what would happen if the banks chose not to stop charging overdraft fees, the implication of the “enormous societal costs of overdraft” made it clear what the AGs are thinking.
WORTH NOTING: Mortgage rates are now north of 5%, meaning monthly payments are rising fast … It’s not your imagination — TikTok is lowering your kids’ attention span … When I hit the wrong button, I just get something with raisins in it … Why you should be reading more … Things on Amazon that will help save you money … The amount of outstanding consumer debt jumped by a lot in February … If there is one silver lining to what’s going on un Ukraine, it’s that Pink Floyd is getting back together … Sarah Palin is running for Congress.
Weird facts about your body
Funny Friday
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