JUDGE DENIES REQUEST FOR NEW TRIAL IN FCRA CASE, LOWERS DAMAGES TO $475K
- A District Court judge in Florida has denied a defendant’s request for a new trial in a Fair Credit Reporting Act case, but partially granted a motion for judgment as a matter of law and reduced punitive damages to $475,000 from $700,000 after it was found guilty by a jury of failing to correct information in the plaintiff’s credit report despite the plaintiff filing 31 separate disputes.
CLASS-ACTION ACCUSES COLLECTOR OF USING WRONG ITEMIZATION DATE
- A class-action lawsuit has been filed against a company for violating the Fair Debt Collection Practices Act and Regulation F because the itemization date that was used in a Model Validation Notice that was sent to a plaintiff was allegedly not one of the five allowed dates approved by the Consumer Financial Protection Bureau.
STUDENT LOAN IDRS GO UNDER THE MICROSCOPE
- Student loan servicers are being called out by a number of Senate Democrats for their “mismanagement” of income-driven repayment programs while a bill has been introduced in the House of Representatives that would change the terms under which a borrower’s payments are calculated based on his or her income, not the terms of the loan.
FTC PROVIDES $5M IN REFUNDS TO CONSUMERS SCAMMED BY COLLECTORS
- The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act.
WORTH NOTING: In case you were wondering why Tom Brady decided to un-retire … Why HOAs are trying to stop people from buying houses in their neighborhoods … How to use social networks to boost your business … Why is it my mistakes just come back to haunt me? … Taco Bell is bringing back a fan-favorite menu item after a two-year hiatus … Did COVID harken the end of the suit? … The skills that separate successful kids from those who struggle … Would you buy a house that comes with a stranger living in the basement?
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