COMPLAINT ACCUSES COLLECTOR OF TREATING REFUSAL TO PAY AS DISPUTE
- The collector allegedly replied to a refusal to repay letter with a notification that the debt had been disputed, verification requested, and promising to report the debt as disputed to the credit bureaus.
- The plaintiff is accusing the collector of communicating after receiving a refusal to repay and telling the plaintiff that he had disputed the debt.
- This content is sponsored by WebRecon.
- More details here.
JUDGE GRANTS MSJ FOR DEFENDANT IN CASE OVER SOCIAL SECURITY NUMBER
- A three-way call between the plaintiff, the defendant, and the original creditor is the source of confusion and the reason why this suit was filed.
- A District Court judge ruled that while the plaintiff had standing to sue, she did not submit enough evidence to make her case.
- More details here.
FTC SLAPS CREDIT KARMA WITH $3M PENALTY FOR DECEIVING CONSUMERS
- Using data that indicated consumers were more likely to apply when told they had been pre-approved rather than telling them they had “excellent” odds, Credit Karma pushed consumers to apply for credit cards they were not likely to be approved for, according to the FTC.
- Consumers wasted time and faced the negative consequences of hard inquiries on their credit reports.
- More details here.
APPEALS COURT DENIES DEFENDANT’S ATTEMPT TO REDUCE ATTORNEY FEE AWARD IN FDCPA CASE
- The defendant argued that the plaintiff should not be awarded fees once the settlement offer was accepted and because the plaintiff’s attorneys were not initially admitted to practice before the District Court judge
- The Ninth Circuit panel found the arguments “unavailing.”
- More details here.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Industry experts Mike Frost, Leslie Bender, Jessica Klander, Joann Needleman, Makyla Moody, and Amber Russo provide their perspectives and analysis of the legal and compliance trends shaping the ARM industry.
- The perspectives discuss legal rulings and complying with new laws going into effect.
- This content is sponsored by Bedard Law Group.
- Read their insights here.
WORTH NOTING: A Yale economist read 50 popular personal finance books and shares his thoughts on which ones are leading you astray … A list of the only new cars you can buy for less than $20,000 … What to do if your boss finds out you are job hunting … Tips from the founder of LinkedIn on hiring during a downturn … How consumers are changing their shopping behaviors because of inflation … The minimum wage at fast food restaurants in California may go up to $22 an hour … How to turn a routine into a ritual … Why you should avoid doomscrolling.
Trailer Tuesday, part I
Trailer Tuesday, part II
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