Massachusetts Moves to Bar Medical Debt From Credit Reports, Tying Rule to Provider Licenses
- Massachusetts is moving to keep medical debt off consumer credit reports, and it is using provider licensing as the enforcement hammer.
- More details here
Judge Dismisses FCRA Suit Against Lender, CRAs Over Allegedly Inaccurate Tradelines
- A District Court judge in New Jersey has dismissed a Fair Credit Reporting Act lawsuit against two credit reporting agencies and a lender after finding the plaintiff never spelled out how the tradelines he complained about were actually inaccurate.
- More details here
Court Trims Pro Se FDCPA Suit to a Single Cease-Communication Count
- A District Court judge in Arizona has narrowed a Fair Debt Collection Practices Act lawsuit down to a single cease-communication claim, while warning the plaintiffs that fabricated, apparently AI-generated quotes could draw sanctions if repeated.
- More details here
Amazon Settles FCRA Records Case with FTC for $2.25M
- Amazon.com will pay $2.25 million to resolve Federal Trade Commission allegations that it knowingly violated the Fair Credit Reporting Act by refusing to hand over transaction records to identity theft victims, a settlement that sets a record penalty under a provision of the FCRA.
- More details here
Appeals Court Affirms Dismissal of EFTA Suit Over a Disputed Charge
- The Court of Appeals for the Second Circuit has affirmed the dismissal of an Electronic Fund Transfer Act lawsuit that accused a credit union of failing to reverse a charge the plaintiff disputed.
- More details here
Most Consumers Using BNPL By Necessity, Not Choice
- Buy now, pay later has become a mainstream form of consumer credit, but a growing share of it is going unpaid in a corner of the market that traditional collectors and credit bureaus rarely touch.
- More details here
38 Companies Seeking Collection Talent
- Remote roles are everywhere on the job board this week, with work-from-home openings at RevCycle, Meduit, First American, R1 RCM, JG Wentworth, and more across collections, RCM, and analytics. Beyond the remote picks, the board spans management roles at McKesson, Fifth Third, Synchrony, and Capital One; legal and compliance openings at PRA Group, Gurstel, and Rausch Sturm; and technology jobs at Credit Control, Yrefy, and USAA.
- More details here
WORTH NOTING: Just how long it can take to save for a down payment on a house is very dependent on where you are living and where you want to live … A look at all the TV series that were either renewed or canceled in June … CFPB employees have two weeks to decide if they want to move to DC and continue working for the government … A look at how the ruling in Trump v. Slaughter should force those looking to reform the CFPB to adjust their priorities … How eight hours of nothing became the most watched livestream fintech of the year … The best sites if you are looking for a job or looking to hire someone … The “Father of the Internet” is retiring … A look at how parents are talking to their kids about money.
Wisdom Wednesday, part I
Wisdom Wednesday, part II
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