Judge Grants MTD in FCRA, FDCPA Case Against Collector, Credit Reporting Agency
- A District Court judge in New Jersey has granted motions to dismiss filed by the defendants in a Fair Debt Collection Practices Act and Fair Credit Reporting Act lawsuit because the plaintiff, who was representing herself, failed to include enough facts in her complaint to adequately back up her claims.
- More details here
CFPB Bolstering Enforcement Unit, But Collections Might Be Off Radar
- A speech on Thursday from the Enforcement Director at the Consumer Financial Protection Bureau had a “good news, bad news” kind of vibe for the debt collection industry. The bad news is that the Bureau is bolstering its enforcement department by hiring 75 more employees to go after the bad actors. The good news is that it doesn’t appear that the collection industry is on the enforcement department’s radar, based on the three areas of consumer risk cited by Eric Halperin in his speech.
- More details here.
FTC Amends Safeguards Rule
- The Federal Trade Commission on Friday announced it has amended the Safeguards Rule that will require non-bank financial institutions to report data breaches to the agency.
- More details here.
Compliance Digest – October 30
- New bills introduced in Congress. The Supreme Court agreeing to hear arguments in a case that could affect the ARM industry. Five judges issuing rulings in FDCPA cases. It’s all in this week’s Compliance Digest — along with insights from eight leading experts to help you make sure you understand what it all means.
- More details here.
- This series is sponsored by Bedard Law Group
WORTH NOTING: More towns are weighing in on when kids are too old to trick-or-treat anymore … A debate is raging over whether The Cheesecake Factory is a good place for a first date … A Harvard professor has revealed his secret for people to be happy … Wearing glasses or contacts has spoiled the vacations of a lot of people … How to grow your confidence to unshakable levels in just seven days … Tips to help you cut your credit card debt … A report on the success of Universal Basic Income … What’s coming and going in November on Netflix, Hulu, and Amazon Prime Video.
Music Monday, part I
Music Monday, part II
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