Judge Dismisses FDCPA, FCRA Case Against Debt Buyer, Credit Reporting Agencies
- A District Court judge in Maryland has granted a motion to dismiss filed by the defendants in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case that alleged a debt buyer did not have proof to collect on the underlying debt and failed to reasonably investigate his dispute.
- More details here
Medical Debt Credit Reporting Bill Advances in Delaware
- A medical debt credit reporting bill has passed unanimously in the Delaware Senate and appears poised to pass the state House and become law. The bill, Senate Substitute No. 1 for Senate Bill No. 156, would make Delaware one of a growing number of states to prohibit the inclusion of medical debt in consumer credit reports.
- More details here
CFPB Roundup: BNPL Findings, Civil Penalty Fund Changes, and Small Business Lending Delay
- The new leadership of the Consumer Financial Protection Bureau continued to unwind rules and debunk reports it had published and promulgated under previous leaderships, doing everything they can to distance themselves from what some argue is the Bureau’s primary mission. In its latest forays, the Bureau has published a report on consumers’ ability to repay Buy Now, Pay Later products, while also proposing to no longer allocate funds from its Civil Penalty Fund for consumer education and financial literacy, and proposed a delay in the enforcement of its small business lending rule.
- More details here
23 Companies Seeking Collection Talent
- Regardless of where you are looking to work, whether you want to work in an office or remotely, or the type of job you are looking for, there is likely something in this week’s job listings summary that will appeal to you. At the very least, it’s always a good idea to keep your finger on the pulse of who is hiring and how they are trying to attract quality candidates.
- More details here
WORTH NOTING: An interesting thought exercise — what do you think life will be like 40 years from now? … A look ahead to the summer TV season … What you need to know before you reach into your medicine cabinet the next time you have a headache … Credit card delinquency and charge-off rates continue to decline … But on the flip side, a lot of people need credit to make ends meet … Eight signs that outdated IT is killing your business … An interesting look at how banks are personalizing their offers to consumers … Four ways for you to be more selfish at work.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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