Collector Facing Class Action for Sending MVN to Recover Settled Debt
- The fact that the Fair Debt Collection Practices Act is a strict liability statute can be unfair at times, especially when coupled with a lawsuit that alleges a collector “knew or should have known” there was an issue before attempting to collect a debt. A class-action lawsuit has been filed against a collector in the District Court for the Southern District of New York for attempting to collect on a debt that had already been settled with another operation.
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Judge Grants MSJ For Defendant in FDCPA Case Over Attempt to Collect Discharged Debt
- A District Court judge granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were barred because they should have been addressed in an earlier case instead of a separate lawsuit being filed.
- More details here
CFPB Sued By Trade Group Over BNPL Rule
- The Financial Technology Association (FTA) has filed a lawsuit against the Consumer Financial Protection Bureau and its Director, Rohit Chopra, in the District Court for the District of Columbia. The dispute centers around the CFPB’s “Buy Now, Pay Later” (BNPL) rule, which, the FTA argues, the Bureau overstepped its authority in enacting and did not follow the proper procedure for creating the regulation.
- More details here
NY DFS Releases Guidance to Address AI-Related Cybersecurity Risks
- The New York Department of Financial Services has released new guidance addressing the risks associated with artificial intelligence in the financial services industry, specifically to do with cybersecurity.
- More details here
Yale Levy Joins SoloSuit to Lead Growth of SoloSettle
- SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company.
- More details here
WORTH NOTING: It’s open enrollment season. Here is a list of terms you should know … Car maintenance must-haves to get your vehicle ready for winter … Symptoms that endocrinologists say you should never ignore … Some Social Security recipients will receive two checks in November … A guide to the non-verbal mistakes that people make during job interviews … Seven ways to help you save money on prescription drugs … You’re going to have a robot co-worker sooner than you think … A look ahead to the NBA season, which tips off tonight.
Trailer Tuesday, part I
Trailer Tuesday, part II
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