JUDGE GRANTS MTD IN FDCPA CASE OVER LACK OF LICENSE
- In a case that was defended by Rick Perr and the team at Kaufman Dolowich & Voluck, a District Court judge in New Jersey has added attempting to collect on a debt without the proper license to the growing list of claims that do not automatically confer standing for a plaintiff to sue in federal court, granting the defendant’s motion to dismiss because the plaintiff did nothing other than file this lawsuit.
- More details here.
CFPB REPORT ANALYZES CREDIT REPORTING COMPLAINTS
- The Consumer Financial Protection Bureau is looking at instituting new rules regulating credit reporting agencies, based on the volume of consumer complaints that it has received related to consumers’ credit reports. The Bureau yesterday released a report that analyzed the complaints filed by consumers against Equifax, Experian, and TransUnion, spotlighting the changes that the companies have made in responding to complaints filed by consumers.
- More details here.
SENATORS LAUNCH INQUIRY INTO MEDICAL CREDIT CARDS
- A group of Senate Democrats, including Sen. Elizabeth Warren [D-Mass.] and Sen. Sherrod Brown [D-Ohio], the chair of the Senate Banking Committee, have opened an investigation into medical credit cards and the “potential harm they may inflict on patients.” The Senators sent letters to Synchrony Financial — which offers CareCredit — and Wells Fargo, looking for more information about how pervasive use of the cards is, the terms consumers receive when using the cards, and how many consumers become delinquent or default on the cards.
- More details here.
22 COMPANIES SEEKING COLLECTION TALENT
- Companies like Coast Professional, Credit Control, Credit One Bank, TD Bank, and Mercantile Adjustment Bureau are among those looking to fill vacancies in their collection operations.
- The job listings are great for those looking for work and are also great tools for companies to use as sources for ideas about what to include in their own job descriptions and to see how other companies write their job ads.
- More details here.
WORTH NOTING: “Being ingested into the engine of an airplane” is not how I want to go … One fitness chain doesn’t want people signing up because of New Year’s Resolutions … A lot of people are expecting to face some financial difficulty this year … Is self-care increasing your stress? Some signs to consider … How to travel business class without spending a fortune … New year, new buzzword — get ready for a “slowcession” in 2023 … Don’t be afraid of letting your kids fail … Your thinking about what rocks are best for skimming is probably all wrong.
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