Suit Accuses Collector of Sending Text One Day After Plaintiff Opted Out
- How much time do collectors have to honor cease requests from consumers who no longer wish to receive text messages? One Fair Debt Collection Practices Act lawsuit is attempting to set the bar at less than 24 hours.
- More details here
- This series is sponsored by WebRecon
Appeals Court Overturns Ruling in FDCPA Case, Says Plaintiff Lacked Standing
- The Court of Appeals for the Seventh Circuit has vacated a lower court’s summary judgment ruling in favor of a plaintiff in a Fair Debt Collection Practices Act case and remanded the case back to the District Court so it can be dismissed because the plaintiff lacked standing to sue in the first place.
- More details here
Senators Encourage CFPB to Move Forward with Medical Debt Protections
- A group of 10 Senate Democrats, led by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, have sent a letter to the director of the Consumer Financial Protection Bureau encouraging the regulator to move forward with its proposed rule that would remove medical debts from consumers’ credit reports. The Senators asked the CFPB to “move forward quickly” with a concrete rulemaking and applauded the Bureau’s “broader focus” on the issue.
- More details here
Fewer People Paying in Full
- Is the era of paying for things in full at once dying? Should collection agencies stop asking consumers to pay the balance of a debt in full? It might be worth considering, thanks in part to the growing popularity of Buy Now, Pay Later plans and increasing usage of split payments.
- More details here
WORTH NOTING: Tonight’s Mega Millions jackpot is nearly $1 billion. Think of how many debts you can pay off with that … The best time to sell if you want top dollar for your house … More people are talking about “loud budgeting” as a way of managing their finances … Why it’s getting harder to get time off from work … The one benefit that would entice people to give up working remotely … How the settlement with the National Association of Realtors is likely to affect you … Most meetings are productivity killers, according to a new study … A lot of consumers, especially younger ones, are cutting back on their purchases this year.
Funny Friday, part I
Funny Friday, part II
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