Collector Sued for Allegedly Not Honoring Settlement Agreement
- An individual has filed a Fair Debt Collection Practices Act lawsuit against a collector for not honoring a settlement agreement that was reached to pay a debt for less than the full balance owed, largely because the payment that was made was for an “inexplicably precise” amount.
- More details here.
- This series is sponsored by WebRecon
Judge Grants MTD in FDCPA Class Action Over Undated MVN
- A District Court judge in New York has granted a defendant’s motion to dismiss a class-action lawsuit after it was sued for violating the Fair Debt Collection Practices Act because it sent an undated Model Validation Notice to the plaintiff, but on the grounds the plaintiff lacked standing to sue because he did not suffer a concrete injury and not on the merits of the case.
- More details here.
PRA Group Falls to Net Loss in 2Q as Company Looks to Reduce Expenses
- PRA Group yesterday announced a net loss of $3.8 million for the second quarter of 2023, compared with profits of $36.4 million during the same period a year ago, and newly installed Chief Executive Vikram Atal said the company is focused on “optimizing business processes” which includes looking at using offshore or outsource operations as a means of lowering costs.
- More details here.
Judge Stays CFPB, NY AG Lawsuit Against Auto Lender Pending Outcome of Supreme Court Case
- A District Court judge presiding over a lawsuit filed by the Consumer Financial Protection Bureau and the Attorney General of New York yesterday granted a motion from the defendant to stay the case pending the outcome of a case before the Supreme Court that will determine the constitutionality of the CFPB’s funding structure.
- More details here.
WORTH NOTHING: Arizona is getting a new national monument, protecting land that is considered sacred by indigenous people … Rare or not, how many of these is it going to take before people see that going to the beach is never a good idea … Krispy Kreme has kicked off the Fall season … What needs to be included for a sandwich to be considered perfect? … Barbara Corcoran shares the question that you should ask in every job interview … The former VP of Human Resources for Microsoft shares the four things he would never do as an employee … On the list of different ways to die, I will admit I didn’t have being crushed to death by thousands of wheels of cheese … Probably not the kind of interaction that the owner of this dog wanted him to have with a bike thief.
Trailer Tuesday, part I
Trailer Tuesday, part II
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