TRIO OF REG F CLASS ACTIONS ACCUSE COLLECTORS OF NOT INCLUDING VALIDATION INFORMATION IN LETTERS
- A trio of class-action lawsuits have been filed against a pair of defendants for allegedly violating the Fair Debt Collection Practices Act because they opted not to use the Model Validation Notice and allegedly did not include the validation information or consumer response information. Two of the lawsuits were filed against the same defendant in New York state court and have been removed to federal court by the defendant. The third case was filed in Minnesota federal court.
- More details here.
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SECOND CIRCUIT RULES CFPB FUNDING STRUCTURE IS CONSTITUTIONAL IN AFFIRMING CID AGAINST COLLECTION LAW FIRM
- The Court of Appeals for the Second Circuit today issued a ruling that upheld a lower court’s decision to grant a petition from the Consumer Financial Protection Bureau to enforce a Civil Investigative Demand against a collection law firm, determining in the process that the funding structure of the Bureau is constitutional. The ruling conflicts one that was issued by the Court of Appeals for the Fifth Circuit and is now waiting for the Supreme Court to hear arguments.
- More details here.
APPEALS COURT VACATES AWARD FOR DEFENDANT IN FDCPA CASE TO DETERMINE IF PLAINTIFF HAD STANDING IN THE FIRST PLACE
- The Court of Appeals for the Third Circuit has vacated a judgment on the pleadings in favor of a defendant and remanded a Fair Debt Collection Practices Act case back to the District Court in order to determine whether the plaintiff had standing to sue in the first place.
- More details here.
PRA GROUP TO PAY $24M UNDER CONSENT ORDER WITH CFPB
- PRA Group will pay more than $24 million in fines and restitution to consumers as part of a consent order announced yesterday by the Consumer Financial Protection Bureau for violating the terms of a 2015 enforcement order by engaging in a number of prohibited collection-related actions.
- More details here.
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Funny Friday, part I
Funny Friday, part II
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