Class-Action Accuses Collector of Trying to Collect on Medicaid Debt
- In this case, the actions of the defendant — which occurred during a “heavily credit-dependent month” for the plaintiff — caused the plaintiff to pay for a “comprehensive review” of his credit reports to ensure no erroneous debts were being reported about him because he was about to sign up for a new American Express card to qualify for a rebate on a new car lease he wanted to sign up for. That led to the plaintiff filing a class-action lawsuit against the defendant.
- More details here
- This series is sponsored by WebRecon
Appeals Court Affirms Ruling for Defendants in FDCPA Case
- The Fourth Circuit Court of Appeals has affirmed a District Court’s dismissal of a lawsuit filed under the Fair Debt Collection Practices Ac. The plaintiff claimed that a debt collector violated the FDCPA by improperly serving a summons and complaint to the wrong address, obtaining a default judgment, and garnishing her wages. The District Court’s dismissal was based on the plaintiff’s failure to file the complaint within the statute of limitations.
- More details here
InDebted Announces Capital Raise of $41M
- Debt collection fintech InDebted has raised $41 million in a Series C funding round, positioning the company for further global expansion and product development. This latest capital raise values the company at more than $240 million.
- More details here
Consumers’ Financial Situations Continue to Worsen: JPMorgan Chase
- The savings nest eggs that people built up during the COVID-19 pandemic are all but gone, according to new research from the JPMorgan Chase Institute. As savings dwindle, consumers are becoming more vulnerable to financial shocks, which could lead to lower spending and higher debt defaults.
- More details here
WORTH NOTING: The controversial four seconds that defined this summer’s Olympics … Tips and tricks to make yogurt more nutritious … How much Americans feel they need to make not to worry about everyday living expenses … Drinking three cups of coffee a day may help prevent a number of diseases, according to new research … Movie theaters are investing a lot of money to make your experience more enjoyable and get you off the couch … A proposed rate cap on credit card interest rates probably wouldn’t help consumers, analysts said … Hodor reveals what it was like filming his famous scene … The owner of the Oakland A’s admits he failed the city and its fans.
Trailer Tuesday, part I
Trailer Tuesday, part II
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