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WELTMAN SAYS CFPB SUED BECAUSE FIRM COULD NOT BE ‘STRONG-ARMED’ INTO CONSENT ORDER
- Weltman, Weinberg & Reis defended itself yesterday, issuing a statement in response to a lawsuit filed by the Consumer Financial Protection Bureau against the law firm, accusing it of mis-leading individuals by mis-representing that an attorney had reviewed their accounts and was involved in the collection efforts. The managing partner of the firm, Scott Weltman, said accused the CFPB of suing because WWR could not “strong-armed” into signing a consent order. Weltman also said that the investigation has been ongoing for more than two years and that the firm submitted “numerous” call recordings to the CFPB to defend itself.
SCOTUS HEARS ARGUMENTS IN FDCPA CASE
- The Supreme Court yesterday heard arguments in the case of Henson v. Santander Consumer USA, attempting to determine whether a company that purchases defaulted debts and then tries to collect on them should be defined as a debt collector under the Fair Debt Collection Practices Act. Numerous reports about the hearing indicated that the justices seemed disinclined to widen the scope of the definition, which would be a win for the industry. Santander had been servicing auto loans for CitiFinancial before ultimately purchasing them and then trying to collect on them. A class-action lawsuit has been filed against Santander, accusing it of violating the FDCPA, but Santander has countered that the FDCPA does not apply because they are not a third-party collector in this situation.
WORTH NOTING: Former NFL star and convicted killer Aaron Hernandez committed suicide in his jail cell … How much America’s biggest companies pay in income tax … Eleven celebrities, including Lars Ulrich and Jordan Peele, on how they spend their money … The 20 most expensive places in the U.S. to die … Is Bill O’Reilly done at Fox News? … Six of the 10 U.S. cities with the worst pollution are in California … Silicon Valley companies are giving employees paid time off if they want to protest against President Trump’s policies … Why being early for a meeting may not be the best idea … Maybe keeping your goals to yourself is better than publicizing them.
Sen. Elizabeth Warren was on “The Tonight Show” last night.
Bartenders try to guess who is under 21 just by looking at them
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.
