Plaintiff Seeks $50k in Damages in FDCPA Suit
- Is dismissing a collection lawsuit a sign of guilt? A sign that the debt isn’t worth the fight? A combination of the two? Or something else entirely. A consumer in Virginia has filed a lawsuit against a debt buyer, accusing it of violating the Fair Debt Collection Practices Act because of the actions it took after filing a collection lawsuit against the plaintiff. The plaintiff is seeking $50,000 in actual damages, as well as statutory damages under the FDCPA, attorney’s fees and costs, and pre-judgment and post-judgment interest. The case was originally filed in Virginia state court, but has been removed to federal court by the defendants.
- More details here
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California Judge Recommends Allowing FDCPA and TCPA Claims to Proceed
- An Magistrate judge in California has recommended denying a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act, ruling the plaintiff revoked consent to be contacted and adequately alleged that the company continued to make calls despite that revocation.
- More details here
Illinois Appeals Court Upholds Judgment After Arbitration Dispute
- An Illinois Appeals Court has affirmed a lower court’s ruling awarding a judgment to a debt buyer, rejecting all of the consumer’s arguments why the ruling should be overturned.
- More details here
Inflation Fears Rise While Lower-Income Borrowers Struggle to Stay Current
- Consumers are expecting higher inflation and feeling less confident about their jobs while early signs are starting to show those pressures are already surfacing in loan performance. New data from the Federal Reserve Bank of New York’s Survey of Consumer Expectations and delinquency figures from the auto finance market both point to growing stress among lower-income households.
- More details here
WORTH NOTING: What Warren Buffett suggest all parents do before they die, regardless of how much money they have … How to maximize your credit card points when traveling … How the government shutdown is impacting communities across the country … Why you may want to start tracking your health metrics more closely … The new work phrase buzzword is “job hugging.” How to know if people around you are doing it … A question I admit I have never asked myself or anyone else: is ironing dead? … A look at the favorite Halloween costumes of 2025 … A Luddite resistance is building, especially among younger consumers.
Funny Friday, part I
Funny Friday, part II
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