Home / Daily Digest / Daily Digest – October 14. Judge Grants Class Certification in FDCPA Case; SCOTUS Hearing, CFPB on Capitol Hill, Highlight Important Week for ARM Industry

Daily Digest – October 14. Judge Grants Class Certification in FDCPA Case; SCOTUS Hearing, CFPB on Capitol Hill, Highlight Important Week for ARM Industry

JUDGE GRANTS CLASS CERTIFICATION IN FDCPA CASE

  • A District Court judge in Oklahoma has certified a class action against a defendant accused of violating the Fair Debt Collection Practices Act by sending a collection letter that failed to identify the name of the original creditor and that a dispute needed to be filed in writing in order to be considered valid.

SUPREME COURT HEARING, CFPB TESTIMONY ON CAPITOL HILL, HIGHLIGHT IMPORTANT WEEK FOR ARM INDUSTRY

  • It’s going to be an interesting week for the credit and collection industry, with the Supreme Court scheduled to hear arguments in a case that seeks to determine how to calculate when the statute of limitations on a Fair Debt Collection Practices Act case starts, and with Kathy Kraninger, the Director of the Consumer Financial Protection Bureau, scheduled to appear before the House Financial Services Committee and the Senate Banking Committee.

CFPB ANNOUNCES TASK FORCE TO ‘MODERNIZE’ CONSUMER PROTECTION LAWS

  • The Consumer Financial Protection Bureau announced on Friday the creation of a task force aimed at harmonizing and modernizing federal consumer laws.

THE BUREAUS HELPS FIGHT CHILDHOOD CANCER

  • The Bureaus, Inc., a compliance and technology-driven master servicer for accounts receivable portfolios and longtime champion for children’s health and well-being, today announced its sponsorship of Giving Rocks 2019, a special benefit concert to help raise awareness and funds for pediatric cancer research.

COMPLIANCE DIGEST – READ WHAT THE EXPERTS THINK ABOUT RECENT CASES

  • Click here to read this week’s Compliance Digest, sponsored by Applied Innovation. You’ll get insights and opinions from 12 different compliance experts — Sarah DeMoss, Dennis Barton, Leslie Bender, June Coleman, Mitch Williamson, Scott Wortman, Amy Jonker, Xerxes Martin, Ann Lemmo, Judd Peak, David Kaminski, and Nicole Strickler — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else.

WORTH NOTING: You can debate whether it’s Columbus Day or Indigenous People’s Day, but to me, it’s ThanksgivingIs Taylor Swift to blame for the poor play of the Los Angeles Kings? … The hidden costs of having a swimming pool … The most popular Halloween candy in America is … For fans of Costco’s $4.99 rotisserie chickens … Is the = sign on the way out in mathematics? … Are the Dallas Cowboys in a lot of trouble? … Why you should never use WiFi at the airport … Two women living next door to one another had more in common than they thought.

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