CFPB to Revoke Medical Debt Collection Guidance
- The Consumer Financial Protection Bureau announced in a court filing on Friday that it plans to revoke guidance it issued last year over how medical debts are collected, likely bringing an end to two lawsuits that were filed by the industry against the regulator. This guidance, originally issued last October, is separate from the CFPB’s rule on medical debt credit reporting, which is still being challenged in the courts.
- More details here
Appeals Court Overturns Dismissal of FDCPA Case, Rules Plaintiff Had Standing
- The Court of Appeals for the Eighth Circuit has overturned the dismissal of a Fair Debt Collection Practices Act lawsuit, ruling that the postage and envelope paid for by the plaintiff when sending a letter to the defendant is sufficient for the plaintiff to have standing to sue. The Appeals Court has remanded the case back to the District Court for further proceedings.
- More details here
Appeals Court Will Allow CFPB to Fire Employees, But Keeps Most of Lower Court Order in Place
- The legal saga surrounding the Trump administration’s efforts to dismantle the Consumer Financial Protection Bureau took another turn on Friday. A federal appeals panel temporarily stayed parts of a lower court order that had blocked the administration’s plan to lay off employees and restructure the agency. The three-judge panel from the Court of Appeals for the District of Columbia Circuit will allow the administration to proceed with layoffs of certain CFPB employees but upheld key provisions that preserve the agency’s core functions.
- More details here
Compliance Digest – April 14
- If you know somewhere else where eight different compliance experts — Justin Penn, Joann Needleman, Brooke Conkle, Dale Golden, Brent Yarborough, Brit Suttell, Issa Moe, and Jessica Klander — tell you exactly what you need to know about new court rulings, and other rules & regulations, then tell me, because the only place I know to get that kind of insights is in the Compliance Digest.
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: The data is in: being frugal is cool these days … How to retrain your brain to prefer movement to screentime … Your credit score might not be doing you any favors … How workplace drama can actually bring teams closer together … Time-saving tricks to help make you more productive when using Microsoft Teams … Jamie Dimon, the CEO of JPMorgan Chase, wants companies to do away with meetings … How cruises are going after younger travelers … It’s been a long time since Americans were this pessimistic about the state of the economy.
Music Monday, part I
Music Monday, part II
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