House Financial Services Leaders Urge CFPB to Pause Rulemaking During Transition
- The current and future chairs of the House Financial Services Committee are pressing federal regulators, including the Consumer Financial Protection Bureau, to halt their rulemaking during the transition to the new administration. Whether the regulators will listen to the requests is a different story altogether.
- More details here
Debt Buyer Prevails in En Banc Ruling on Standing and Counterclaims
- In an en banc decision released yesterday, the Virginia Court of Appeals upheld a circuit court ruling that a debt buyer had standing to sue for an unpaid credit account balance, affirming its ownership of the debt, while reversing the circuit court’s decision to dismiss the consumer’s counterclaim, citing lack of jurisdiction.
- More details here
Debt Consolidation Scam Lands Operator in Prison, Co-Conspirator Still At Large
- A Washington man was sentenced yesterday to nearly two years in federal prison for his role in a multi-year debt consolidation scheme that defrauded consumers across Oregon and Washington. His business partner remains at large as legal proceedings continue.
- More details here
24 Companies Seeking Collection Talent
- New year, new job, perhaps? A lot of companies are out there looking for their next newest employee. Maybe it could be you. Check out a comprehensive listing of jobs available in the credit and collection industry in this week’s job listings summary!
- More details here
WORTH NOTING: Here is a list of 15 things you might not have known that your Android phone can do … How to prepare for winter driving and the resources you should keep in your vehicle … Experts weigh in on how to handle seat squatters … A summary of 14 different forecasts for the housing and mortgage markets in 2025 … KFC is testing a new restaurant that focuses on sauces … Five cool towns where you can still buy a house for $250,000 … A new app that lets you see the politics of a neighborhood before you buy a home there … The best rewards credit cards available right now.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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