Suit From Serial Filer Accuses Collector of Violating TCPA
- When you read enough complaints, you start to tell the ones that are written by professionals. An individual who has filed more than 75 lawsuits against different companies alleging they violated the Telephone Consumer Protection Act has accused a collection operation of violating the statute, accusing it of using an automated telephone dialing system to call him without his prior consent, and for not having a live representative speak to the plaintiff within two seconds after the greeting was completed, among other claims.
- More details here
- This series is sponsored by WebRecon
CFPB Blasts GAO Over Funding Inquiry
- The Consumer Financial Protection Bureau has come out swinging against the General Accounting Office, accusing of engaging in a “political” and “weaponized” campaign against the “historic” efforts of President Trump “to restore fiscal sanity and efficiency” to the federal government. CFPB Chief Legal Officer Mark Paoletta last week sent a scathing letter to the GAO, and to Congressional leaders, saying that the Bureau’s Acting Director was “well within his legal authorities” to decline additional funding from the Federal Reserve Board.
- More details here
Judge Grants MSJ for Defendant in FDCPA Case Over Verification Letters Sent Post-Cease Request
- A District Court judge in Louisiana has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case over verification information that was sent to the plaintiff after the plaintiff submitted a cease request.
- More details here
AI Sandboxes Could Soon Be Reality for Financial Services Firms
- A bipartisan group of lawmakers have introduced H.R. 4801, the Unleashing AI Innovation in Financial Services Act, aiming to create AI Innovation Labs that allow financial firms to test artificial intelligence tools and products without fear of immediate regulatory enforcement.
- More details here
WORTH NOTING: Housing markets that were hot during the pandemic have now cooled off … How adjustable-rate mortgages are “bleeding” homeowners dry … Nearly half of the children living in the United States live in households below middle class … Did you know there are nine different “feelings of wealth“? … What happens when you use ChatGPT as a couple’s counselor … Having a bat fly into your mouth is bad enough. Getting a bill for $20,000 made it worse … More women are leaving the workforce … Different artificial intelligence models can secretly transmit subliminal signals to one another.
Trailer Tuesday, part I
Trailer Tuesday, part II
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