Class-Action Complaint Accuses Law Firm of Sending Collection Letter Without Required Disclosures, Itemization
- A law firm in New York is facing a class-action lawsuit for allegedly sending a letter to an individual attempting to collect on an unpaid debt without making the required disclosures that the communication was coming from a debt collector and threatening to file a lawsuit 18 days after the letter was sent to the plaintiff.
- More details here.
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Judge Awards Summary Judgment for Defendant in FDCPA Case Over Applicable Interest Rate
- Sometimes you win without even trying. A District Court judge in Minnesota has awarded summary judgment to a defendant in a Fair Debt Collection Practices Act case, even though he was addressing a partial motion for summary judgment filed by the plaintiff.
- More details here.
Industry Groups Warn CFPB Over Attempts to Regulate Medical Credit Cards
- A number of financial services industry trade groups, including ACA International, have filed comments letting the Consumer Financial Protection Bureau know that they believe the Bureau might be outside of its authority in seeking to regulate medical providers as it and other branches of the federal government investigate what, if anything, should be done about medical debt, including the use of medical credit cards.
- More details here.
BNPL Users More Likely to Access Other Forms of Credit: Study
- The use of Buy Now, Pay Later (BNPL) services, a popular payment method especially during the COVID-19 pandemic, doesn’t appear to significantly impact consumers’ credit profiles in the short term, according to a new report from the Consumer Finance Institute of the Federal Reserve Bank of Philadelphia.
- More details here.
PRA Group Launches 2023-24 United Way Campaign with Volunteerism
- Employees from PRA Group, Inc. kicked off the company’s annual United Way campaign with a Day of Caring volunteer project to clean barns, perform bridle path maintenance, wash fences, weed and clear trails on the EQUI-KIDS and EQUI-VETS 92-acre property located in Virginia Beach, Virginia.
- More details here.
WORTH NOTHING: If you are worried about depression, here are some habits that can cut the risk of depression in half … A bill is being considered in Congress to lower credit card swipe fees … A lot of Americans need to brush up on their knowledge of the Constitution … Headline of the day: Buffalo Bills fan found naked, covered in human waste after falling down hole by Highmark Stadium … A mother of 10 shares her tips for budgeting for food and essentials … Everything you need to know about iOS 17 and ipadOS 17 … 13 peaks you reach at 40 or later … Rudy Giuliani is being sued by his lawyer for unpaid bills.
Trailer Tuesday, part I
Trailer Tuesday, part II
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