Collector Facing FDCPA Class Action For Not Adjusting Post-Judgment Interest Rate
- A collection operation is facing a Fair Debt Collection Practices Act class action lawsuit for not adjusting the post-judgment interest rate after the state of Kentucky changed the maximum rate that could be charged seven years ago, according to a copy of the complaint.
- More details here
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Judge Grants MTD in FDCPA Case Over Attempt To Collect on Discharged Debt
- A District Court judge in California has granted a defendant’s motion to dismiss after it was accused of violating the Fair Debt Collection Practices Act (FDCPA) and the Rosenthal Fair Debt Collection Practices Act by attempting to collect on a debt that had been discharged in bankruptcy.
- More details here
Resolution Introduced in House Condemning CFPB Medical Debt Collection Guidance
- A member of the House of Representatives has introduced a resolution calling on Congress to express its disapproval of the Consumer Financial Protection Bureau’s medical debt advisory opinion, which has become the subject of much debate since it was released last month. The resolution was introduced by Rep. Gary Palmer [R-Ala.], who isn’t a member of the House Financial Services Committee or any healthcare committees, has only sponsored four bills this year, but has introduced 37 resolutions in the past five months.
- More details here
CFPB: Student Loan Servicing Failures Continue to Harm Borrowers
- The Consumer Financial Protection Bureau on Friday released its annual report on student loan servicing, revealing systemic failures and persistent errors by servicers that are continuing to impact millions of student borrowers.
- More details here
WORTH NOTING: Medical debt is now the subject of a comedy special … If you are traveling next week for Thanksgiving, you aren’t going to be alone … Stay at the Air Force Academy’s hotel and you can fly one of their new flight simulators … Two weeks after the election and there are still races that are too close to call … Every hour you spend walking can add up to six hours to your life, according to new research … What travelers need to know about Spirit Airlines bankruptcy filing … How to find the best deals on Black Friday … A lot of people are getting their news from social media influencers.
Trailer Tuesday, part I
Trailer Tuesday, part II
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