Judge Denies MJOP in FDCPA Class Action Over ‘Junk’ Fees
- A District Court judge in Washington has denied a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act class-action case over alleged “junk” fees, ruling that the plaintiffs adequately pleaded plausible claims under the FDCPA and related state consumer protection laws. What makes this case even more interesting is that the Consumer Financial Protection Bureau has filed its own amicus brief in favor of the plaintiffs.
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More Economists Optimistic About Growth, Less Worried About Inflation
- A new survey of economists conducted by The Wall Street Journal shows increasing optimism about the U.S. economy, forecasting steady growth and a gradually cooling labor market. Nearly three-quarters of the economists that participated in the survey believe that a Trump win in November will likely lead to higher inflation, up from just over 50% in July.
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Redlining Accusations Lead to $9M Enforcement Action for Lender
- The Consumer Financial Protection Bureau and the Department of Justice yesterday announced a settlement with Fairway Independent Mortgage Corp. over allegations that the company engaged in redlining by discriminating against minority borrowers in Birmingham, Ala. The settlement, which could total over $9 million, includes both penalties and funds aimed at increasing access to mortgage loans for these historically underserved communities. The company vigorously denied the allegations and had some interesting comments about the investigation itself in issuing its own statement about the settlement.
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24 Companies Seeking Collection Talent
- TrueAccord’s parent company, SoFi, Sallie Mae, Midland Credit Management, and Resurgent Capital Services are just some of the two dozen companies who have job openings. Are you looking to move? Are you looking for competitive research? Are you just nosy? Check out all the opportunities in this week’s job listings summary.
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WORTH NOTING: It’s an uncomfortable topic, but most of us will have to deal with it: How to prepare for the death of your parents … Tips to make the inside of your house look more expensive … You can have a say in choosing the next Tic Tac flavor … For consumers, inflation is the top economic issue when picking the next president … Which fast food restaurants have the best french fries? … How much Disney is charging to get access to all Lightning Lanes at its parks … Aldi is making an “inflation-busting” Thanksgiving meal available for $47 that will feed up to 10 people … Can you guess how much the winner in the World Championship Pumpkin Weigh-Off weighed?
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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