Creditor, Law Firm Accused Taking ‘Advantage’ of Plaintiffs
- A creditor is facing a claim of violating New Jersey’s Consumer Fraud Act and a collection law firm is facing a claim of violating the Fair Debt Collection Practices Act over failing to cancel a consumer’s gym membership and subsequently trying to collect on additional fees which were not part of the original agreement.
- More details here
- This series is sponsored by WebRecon
Furnishing Late-Rent Data Doesn’t Make Defendant a Debt Collector, Judge Rules
- A District Court judge in New York has granted summary judgment to a defendant in a Fair Debt Collection Practices Act lawsuit, ruling that a company that furnishes tenants’ rental payment data to credit reporting agencies is not a debt collector subject to the statute, even if its actions “may scare tenants into paying on time or indirectly punish tenants for paying late.”
- More details here
Illinois Bars Hospital Liens on Patients’ Homes for Medical Debt
- Illinois has enacted a law barring hospitals from placing liens on a patient’s home to collect unpaid medical debt, adding the state to a growing roster of jurisdictions reshaping how providers and their collection partners pursue health care obligations.
- More details here
Supreme Court Expands Presidential Control Over Financial Regulators, Shields the Fed
- The Supreme Court on Monday handed President Trump expansive authority to fire the leaders of independent federal agencies, a ruling that could reshape oversight of the credit and collection industry for years to come.
- More details here
Judge: A Credit Report Isn’t ‘Prepared’ Until Someone Asks for It
- A District Court judge in Texas has granted summary judgment to a plaintiff on a defendant’s statute of repose defense in a Fair Credit Reporting Act lawsuit, ruling that the consumer’s claim over a mixed credit file was timely because the disputed reports were not prepared until a third party requested them.
- More details here
State Appeals Court Affirms $14.8K Judgment Against Consumer
- The Superior Court of Pennsylvania has affirmed a nearly $15,000 judgment against a credit cardholder who argued the plaintiff never proved it owned his account, in a breach-of-contract action that turned on the difference between a corporate name change and the sale of a debt.
- More details here
NYT to Consumers: Stop Mailing Checks
- The advice landing in consumer inboxes is getting blunter: stop putting checks in the mail.
- More details here
WORTH NOTING: Some experts think parents are being too overprotective of their kids … If you are hosting a barbecue this 4th of July, prepare to spend more money … Nearly 90% of homeowners are overpaying for their mortgages, according to Bankrate … The AI jobs debate is getting messier … Why two identical HVAC quotes can be thousands of dollars apart from one another … Compliance question: is July 3 considered a business day because July 4 falls on a Saturday this year? … WalletHub has a look at the credit card landscape … The number of decisions you have to make each day may be impacting your energy levels.
Trailer Tuesday, part I
Trailer Tuesday, part II
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