Collector Facing TCPA Class-Action for Allegedly Leaving Prerecorded LCM
- A collection operation is facing a class-action lawsuit in Indiana federal court for allegedly violating the Telephone Consumer Protection Act by leaving what appears to be a limited-content message on an individual’d cell phone using a prerecorded voice.
- More details here
- This series is sponsored by WebRecon
Republicans Coming to Terms That CFPB Might Not be Going Anywhere
- After more than a year of legal setbacks, efforts to eliminate the Consumer Financial Protection Bureau are losing momentum and a new strategy is emerging that could have equally significant implications for the credit and collection industry. House Republicans and the Trump Administration appear to be acknowledging what courts have repeatedly made clear: the CFPB cannot be shut down without an act of Congress. Instead, attention is shifting toward reshaping the agency from within through targeted rulemaking and oversight.
- More details here
Judge Dismisses FDCPA Claims Against Auto Lenders, Flags AI ‘Hallucinated’ Case Citations
- A District Court judge in Massachusetts has granted a motion to dismiss claims that a pair of auto lenders violated the Fair Debt Collection Practices Act, while also calling out the plaintiffs for citing nonexistent cases in what may be a case of hallucinating artificial intelligence. The decision offers a clear reminder for companies across credit and collections that creditor status still matters under the FDCPA, while also highlighting a growing issue courts are beginning to confront: unreliable AI-generated legal filings.
- More details here
Most Consumers Aren’t Building Wealth, They’re Just Trying to Stay Afloat
- A new study from MX Technologies suggests that for most consumers, financial success isn’t about building wealth, it’s about staying afloat. With 62% of Americans living paycheck to paycheck and nearly one in five focused simply on covering monthly bills, the data paints a clear picture: many households remain stuck at the base of financial stability. Yet, despite the pressure, optimism remains high.
- More details here
Five-Day Delinquency Dispute and Account Date Reporting Fall Short for Plaintiff in FCRA Ruling
- A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act case that accused it of reporting inaccurate information, such as the date of first delinquency, to the credit reporting agencies.
- More details here
WORTH NOTING: a look at how states are managing the issue of rounding as the penny gets phased out … A new survey reveals that one in seven Americans would be willing to work for an AI boss … A look at the state of the credit card landscape across the country … The Supreme Court has declined to consider an appeal from an organization that sought to have non-lawyers represent consumers in collection lawsuits … Reef sharks in the Bahamas appear to do a lot of partying … JPMorgan is committing $80 billion to help small businesses across the country … A handful of habits to keep burnt-out managers from destroying teams … The average price of gasoline crossed the $4 threshold yesterday.
Trailer Tuesday, part I
Trailer Tuesday, part II
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