CU Accused of FCRA Violation for Not Investigating BK Dispute
- Bankruptcy. It’s not for the faint of heart. A credit union and credit reporting agencies are facing claims they violated the Fair Credit Reporting Act over the plaintiff’s bankruptcy filing and how it was reported on the plaintiff’s credit report and for not conducting a reasonable investigation after the plaintiff filed a dispute.
- More details here
- This series is sponsored by WebRecon
Judge Labels Plaintiff ‘Vexatious,’ Grants MTD in FDCPA, FCRA Case
- Having read more than a few rulings over the years, I feel somewhat qualified to opine that when a complaint lodges 17 different counts, chances are it’s not going to go well for the plaintiff. A District Court judge in Massachusetts has granted motions to dismiss filed by defendants in a Fair Debt Collection Practices Act and Fair Credit Reporting Act lawsuit brought by a “vexatious” plaintiff.
- More details here
CFPB Targets Bankrupt Fintech in Enforcement Action Over Record-Keeping Failures
- The Consumer Financial Protection Bureau yesterday announced it had filed an adversary proceeding against Synapse Financial Technologies, a bankrupt fintech company. The complaint alleges violations of the Consumer Financial Protection Act due to Synapse’s inadequate record-keeping of consumer funds.
- More details here
CFPB Reopens Rulemaking on Personal Financial Data Rights
- The Consumer Financial Protection Bureau today issued an Advance Notice of Proposed Rulemaking, to revisit its open banking rule, known as the Section 1033 rule, under the Dodd-Frank Act. The move follows a Kentucky district court’s stay of a lawsuit challenging the 2024 rule, which was criticized for exceeding statutory authority and risking consumer data security.
- More details here
WORTH NOTING: A cool dozen money-saving hacks for raising kids, from parents who did it … Consumers are generally feeling good about their finances and a little less good about the state of the economy … Of all the players who have ever played a game in the NBA, LeBron James has played against more than one-third of them … People are really upset over Cracker Barrel’s new logo … I loved the ’90s as much as anyone, but I’m not sure I missed this enough to want to eat it … If fear is keeping you from innovating, here is how to get over it … Here is a list if you are looking for gender-neutral baby names … Birds in urban areas are staying awake longer. Scientists have figured out why.
Funny Friday, part I
Funny Friday, part II
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