SENATORS CALL ON DEBT BUYERS TO STOP SUING, GARNISHING ‘IMMEDIATELY’
- A pair of Senators have set their sights on one of the nation’s largest credit card lenders and a pair of the nation’s largest debt buyers, calling out what the Senators label as “aggressive” debt collection practices and telling them they should “suspend” the filing of collection lawsuits and garnishing wages.
JUDGE DENIES MSJ IN FDCPA CASE OVER USE OF ALTERNATE NAME
- A District Court judge in New Jersey has denied a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act by using a different company name in voicemail messages left with individuals.
THE IMPACT OF CORONAVIRUS ON STATE COURT FILINGS
- A review of nine state court case dockets reveal that the number of filings of new lawsuits were down 53% in April and 49% in May compared with the same months last year, according to data that was released by Lex Machina. In reviewing the types of cases that were filed, the analysis indicated that corporate litigation plaintiffs were “less affected” in pursuing litigation by the COVID-19 pandemic than individuals.
FDIC FOLLOWS OCC’S LEAD, ENACTS ‘VALID WHEN MADE’ RULE
- Following the lead of its fellow regulator, the Federal Deposit Insurance Corporation yesterday announced a rule that ensures the terms of loans remain valid after they are sold or transferred, a provision that is critical to sales of loan portfolios in the secondary market.
WORTH NOTING: A lot more people than have been counted have coronavirus, according to new estimates … Congrats to this guy for losing nearly 300 pounds … A lot of people don’t know they have rewards balances on their credit cards … Why going back to the office should look like kindergarten … Young Americans are less likely to social distance, according to a new survey … The ultra-rare double knockout … Amazon bought the naming rights for the new hockey arena in Seattle … The Dixie Chicks are changing their name.
What you need to know about a second stimulus check
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