JUDGE DENIES MTD IN FDCPA CASE OVER DISPUTE LANGUAGE IN LETTER
- A District Court judge in Illinois has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling the language in a collection letter overshadowed the plaintiff’s right to validate or dispute the debt in question, while also noting that the defendant’s attempt to invoke that the language complied with what the Consumer Financial Protection Bureau put forth in Regulation F does not apply, because the letter was sent before the rule went into effect.
- More details here.
EXPERTS PREDICT COURT TO STRIKE DOWN STUDENT LOAN REPAYMENT PLAN, BUT THAT COULD COST THE ARM INDUSTRY
- Legal experts are predicting that the The Supreme Court will strike down the Biden administration’s plan to cancel $400 billion in student loan debt, according to a published report, which could potentially lead to increased delinquency and default rates.
- More details here.
FINAL INCOME TAX NUMBERS OFFER LITTLE SOLACE TO ARM INDUSTRY
- There is little to be excited about when it came to this year’s tax season, and data from the Internal Revenue Service confirms what those in the accounts receivable management industry have been experiencing on a daily basis for the past few months — that if you were counting on a strong tax season to keep things moving along for the rest of the year, you are in for a rough few months.
- More details here.
ARKANSAS AG SEEK TO BLOCK UTILITY FROM RESUMING NORMAL COLLECTION ACTIVITIES
- The Attorney General of Arkansas is attempting to block a utility company from resuming its normal collection and disconnection activities, arguing that there have been too many complaints from consumers and the state’s Public Service Commission has not had a chance to conduct a thorough investigation.
- More details here.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Industry experts Laurie Nelson, Christopher Morris, David Grassi, Xerxes Martin, Makyla Moody, and Virginia Bell Flynn 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
WORTH NOTHING: How Philly cheesesteaks became a huge hit in Pakistan … Americans spent more on legal cannabis last year than they did on chocolate and beer … Maybe all the cannabis is why people aren’t putting as much away for their retirement … How to build psychological fitness to help you suffer less and achieve more … If you’re a Blizzard lover, here is how you can get them for 85 cents … The science behind the four-day workweek … Why Netflix delayed its password-sharing crackdown … Is new-car smell hazardous to your health?
Music Monday, part I
Music Monday, part II
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