Collector Facing Suit for Backing Out of Settlement Agreement
- Sometimes, and this is one of those times, a complaint leaves you with more questions than answers. A collector is facing a lawsuit for violating the Fair Debt Collection Practices Act because it allegedly failed to honor a payment arrangement it made with the plaintiffs, returning the final payment and pulling “the rug out from under” the plaintiffs, according to the complaint.
- More details here
- This series is sponsored by WebRecon
Appeals Court Overturns Ruling in FCRA Case Over ‘Frivolous’ Investigation
- The Court of Appeals for the Third Circuit has overturned a lower court’s summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act for not properly investigating a dispute, saying there is no exception in the FCRA that allows furnishers to disregard disputes deemed to be irrelevant or frivolous.
- More details here.
Groups Ask CFPB to Extend Deadline to Submit Questions for FCRA SBREFA Panel on Medical Debt
- A number of trade groups from across the financial services industry have submitted a request to the Consumer Financial Protection Bureau to delay the process for convening a meeting under the Small Business Regulatory Enforcement Fairness Act (SBREFA) as it ponders a proposal to remove medical debts from consumers’ credit reports.
- More details here.
FTC, CFPB File Amicus Brief in FCRA Case Over Dispute Investigation
- The Federal Trade Commission and the Consumer Financial Protection Bureau have filed an amicus brief in a Fair Credit Reporting Act case before the Court of Appeals for the Second Circuit, asking the court to reverse a decision related to deleting information disputed by a consumer that cannot be verified by the furnisher of the information.
- More details here.
WORTH NOTING: When your phone sends you an emergency alert notification tomorrow, don’t panic … Things you shouldn’t be throwing away in your trash … A new innovation in toilet paper design is coming to a bathroom near you … Critics share the top five suspense movies of all time … How to find out anything without having to ask … How is National Taco Day not on a Tuesday? … A five-minute exercise that the longest-living people on earth swear by … Mother Nature is putting a hurting on peoples’ wallets.
Trailer Tuesday, part I
Trailer Tuesday, part II
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