APPEALS COURT OVERTURNS DISMISSAL OF FDCPA SUIT
- There is a lot of background details to unpack here and I will try to get them all, but this may be one of those cases where you need to read the full ruling to get all the information you’re going to need to fully understand what is going on. The Court of Appeals for the Sixth Circuit has overturned a lower court’s dismissal of a Fair Debt Collection Practices Act lawsuit, ruling that one of the claims brought by the plaintiff was within the FDCPA’s one-year statute of limitations.
- More details here.
JUDGE GRANTS MTD IN FCRA CASE OVER CHARGED OFF STATUS OF SETTLED DEBT
- The codes and terms used when furnishing debt sometimes can mean more than one thing and can trip up even the savviest of credit reporting experts. But that doesn’t mean that they are inaccurate. A District Court judge in Nevada has granted a defendant’s motion to dismiss a Fair Credit Reporting Act case, ruling that the defendant did nothing wrong when it continued to report a closed account as charged off and conducted a reasonable investigation when the debt was disputed.
- More details here.
CONSUMERS MAKING CHANGES TO CREDIT CARD HABITS; SAVINGS BARELY ABLE TO COVER BALANCES FOR SOME GROUPS
- Consumers with issues paying their bills every month are carrying balances on their credit cards equal to 157% of their savings — meaning even if they used their savings to pay down all of their credit card bills, they would still not be able to pay them off in full — yet another sign of economic distress for consumers trying to make ends meet, according to the results of a recently released survey.
- More details here.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Industry experts Laurie Nelson, David Kaminski, Stacy Rodriguez, Virginia Bell Flynn, Patrick Newman, Chantel Wonder, and John Redding provide their perspectives and analysis of the legal and compliance trends shaping the ARM industry.
- More details here.
- This series is sponsored by Bedard Law Group
VERIFACTS GEARS UP FOR YMCA SPINATHON
- VeriFacts, a leading location and employment verification service provider for the receivables industry, is firmly rooted within our community and takes great responsibility and commitment to giving back. VeriFacts is proud to have a team that works hard and also plays hard.
- More details here.
WORTH NOTING: Turbulence might be more dangerous than you think … If you are going to Cancun anytime soon, be wary of the mode of transportation you choose … If you had to choose — food or your pet — what would you choose? … Are you a Cubicle Car or a Couch Koala — test your office personality … Ways to spend less time writing emails … Why having unlimited PTO may not be a good thing for you … Side hustles that can make you some good money without a lot of work … A woman went missing for 30 years and turned up in Puerto Rico.
Music Monday, part I
Music Monday, part II
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