Collector, Creditor Facing Suit Over Disputed Debt
- There are two sides to every story, we are taught. We are also taught that when there are two sides to every story, the truth usually lies somewhere in the middle. A collection operation and a creditor — the owner of an apartment building — are facing individual and class-action allegations over the amount that a son and his father are being told is due because the son moved his belongings out of his apartment a week after the lease on the unit had expired.
- More details here
- This series is sponsored by WebRecon
Appeals Court Says Post-Complaint Filings Don’t Revive FDCPA Claims
- The Court of Appeals for the Third Circuit has upheld the dismissal of a Fair Debt Collection Practices Act case that attempted to invoke the continuing violation theory because the suit was filed more than a year after the alleged violation occurred.
- More details here
CFPB Rescinds Public Release of Supervisory Designation Orders
- The Consumer Financial Protection Bureau has finalized a rule rolling back its 2022–2024 amendments to supervisory designation procedures, once again treating decisions and orders as confidential supervisory information.
- More details here
TransUnion: 5.4M Borrowers Behind on Student Loans May Prioritize Those Over Other Debts
- Federal student loan borrowers are under intense financial strain as serious delinquencies remain near record levels, and many are preparing to reshuffle their bill-paying priorities as the Department of Education resumes involuntary collections like wage garnishment and tax refund offsets, according to data released yesterday by TransUnion.
- More details here
WORTH NOTING: How much you, and everyone else, is paying every month in hidden costs when it comes to owning a car … How banks can use conversational AI to drive improved relationships with consumers … The regulator overseeing credit unions said it will no longer consider reputational risk when conducting examinations … Just how connected are we to our phones? More than you probably think … The kind of question most people never think to ask: why do wind turbines only have three blades? … Tools bought at a dollar store helped one family make a huge find … Understanding the science of defiance and why people comply … Why the former CEO of Google is against the idea of people working from home.
Funny Friday, part I
Funny Friday, part II
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