Another Class-Action Lawsuit Filed Over Wrong Itemization Date in MVN
- Well, we went through a series of lawsuits alleging that Model Validation Notices violated the Fair Debt Collection Practices Act because they lacked a date. Now, it appears that the next area of focus for plaintiff’s attorneys is the itemization date. Another class-action lawsuit has been filed accusing a collector of violating the FDCPA because the itemization date that were used in the Model Validation Notice wasn’t one of the five allowed by the Consumer Financial Protection Bureau when it created Regulation F.
- More details here
- This series is sponsored by WebRecon
Appeals Court Upholds Reduced Fee Award for Plaintiff’s Attorneys in FDCPA Case
- The Court of Appeals for the Eighth Circuit has upheld a lower court’s ruling in determining how much to award the attorneys who represented a plaintiff in a Fair Debt Collection Practices Act case, agreeing that the amount originally sought by the attorneys was excessive and saying their argument in their appeal was absurd.
- More details here.
CFPB Names New Consumer Advisory Board
- The Consumer Financial Protection Bureau yesterday announced the newest round of appointments to its Consumer Advisory Board, Community Bank Advisory Counsel, Credit Union Advisory Counsel, and Academic Research Council, and once again, the accounts receivable management industry is on the outside looking in.
- More details here.
Pair Found Guilty in Million-Dollar Debt Elimination Scam
- A pair of defendants were found guilty yesterday by a federal jury after being accused of wire fraud and conspiracy to commit wire fraud and mail fraud in a scheme where they scammed individuals with a bogus system that purportedly would get their consumer debts, like credit cards, auto loans, and mortgages, discharged without having to be paid.
- More details here.
WORTH NOTING: The more that people exercise means they are likely to be lazier during the day, according to a new study … The median home price in 99% of the counties in the United States is out of reach for the average individual, according to new research … Taking care of a pet is more stressful than managing a relationship or being a parent … What it’s like to be a taste tester for Pop Tarts … Fat Bear week has begun. Here are this year’s contenders … Buy Now, Pay Later is expected to explode during this year’s holiday season … Crocs now come as cowboy boots … “Coffee badging” is the new way for people to get out of having to go back to the office.
Funny Friday, part I
Funny Friday, part II
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