Judge Dismisses FDCPA Case Over SOL on Judgment
- Sometimes it’s better to be lucky than good. Today’s webinar just happens to be on the topic of legal collections so it’s entirely timely to write about a court ruling involving a judgment. A District Court judge in Kentucky has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case after it was sued for not informing the plaintiff that a debt was allegedly time-barred when it sent a letter informing the plaintiff of payment options on a judgment.
- More details here
More Public Calls for Elimination of CFPB
- An economist with the Heritage Foundation, an organization the promotes conservative public policies and is the architect behind Project 2025 has echoed comments from Elon Musk calling for the abolishment of the Consumer Financial Protection Bureau.
- More details here
AI Transparency Bills Introduced in House by Rep. Waters as House Fin’l Services Committee Preps Tech Hearing
- A pair of bills have been introduced in the House of Representatives by Rep. Maxine Waters [D-Calif.] that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. The bills were introduced days before the House Financial Services Committee holds a hearing on “How Technology is Shaping the Future of Finance.”
- More details here
Compliance Digest – December 2
- Important insights this week from Joann Needleman, Brent Yarborough, Nabil Foster, Jessica Klander, and Virginia Bell Flynn on what the CFPB is up to, a landmark legal ruling, and clarification from New York City about its upcoming debt collection regulation in this week’s Compliance Digest. Check it out!
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: A new app, appropriately named Death Clock, claims it can predict your life expectancy … A debate is raging over the correct way to eat a hamburger … A list of ways that scammers will use your phone number to try and trick you … A ranking of the best board games … A guide to help you choose the best all-inclusive resort for your next vacation … How to fight stress during the tumultuous holiday season … The cool features you’re going to want on your next car … Is it important for kids to learn about the values of winning and losing?
Music Monday, part I
Music Monday, part II
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