Complaint Accuses Law Firm, Debt Buyer of FDCPA Violations Related to Default Judgments
- A collection law firm, one of its attorneys, and a debt buying entity are facing a class-action lawsuit in Pennsylvania federal court alleging violations of the Fair Debt Collection Practices Act and Pennsylvania state law over garnishments that were made related to decades-old default judgments that the plaintiffs claimed they had no knowledge of and that the defendants allegedly lacked the documents required to substantiate ownership and existence of the debts.
- More details here
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Appeals Court Affirms Sanctions Against Lawyers Behind Contrived FDCPA Dispute Letters
- The Court of Appeals for the Third Circuit has affirmed a ruling sanctioning a pair of plaintiff’s attorneys who were found to have been behind intentionally vague dispute letters that were allegedly written by consumers and sent to the defendant.
- More details here
Survey: When Consumers Become ‘Debt Numb’
- Consumers are stressed about their debt, but a new study suggests that stress has limits. Once debt reaches a certain threshold, many consumers report becoming “numb” to it, according to the results of a survey conducted by JG Wentworth.
- More details here
AGs Push Back on CFPB Plans to Scale Back Oversight
- California Attorney General Rob Bonta, joined by 19 other state attorneys general, has urged the Consumer Financial Protection Bureau not to move forward with proposals that would sharply limit its supervision of debt collection, credit reporting, auto finance, and international money transfer markets.
- More details here
WORTH NOTING: What keeps customers engaged and committed in today’s high-pressure economy, according to one fintech … Fish with perfectly formed letters, numbers and symbols on their tails are showing up in the water … ElevenLabs puts its AI agents to the test against OpenAI … Cycle-breaking is one of the top parenting styles these days … Making predictions about the upcoming leaf-peeping season … If you are losing your hair, the answer may be in what you are eating … A study of 6 million couples shows that they often share the same psychological disorders … The price to get your car repaired is spiking.
Trailer Tuesday, part I
Trailer Tuesday, part II
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