Daily Digest – July 13. Navient Uses Seila Law Ruling As Grounds to Dismiss CFPB Suit; The Taxman Cometh

NAVIENT USES SEILA LAW RULING AS GROUNDS TO DISMISS CFPB LAWSUIT

  • In what might be the first case to make the argument, Navient has asked a federal judge in Pennsylvania to grant its request for a motion for judgment on the pleadings in a lawsuit fled by the Consumer Financial Protection Bureau against the student loan servicing giant because of the Supreme Court’s decision that the leadership structure of the regulator is unconstitutional.

THE TAXMAN COMETH THIS WEEK

  • Perhaps lost in the clamor of setting up employees to work remotely at the outset of the coronavirus pandemic was the fact that the deadline to file federal income tax returns was delayed from April 15 to July 15. What should not be lost on anyone is that July 15 is just two days away.

CALIF. LEGISLATURE WORKING ON ROBOCALL BILL THAT GOES BEYOND TCPA

  • The California legislature is considering a bill that would restrict the definition of an automated telephone dialing system and give individuals more power to revoke consent to be contacted beyond what currently exists in the Telephone Consumer Protection Act.

CFPB RELEASES REPORT ON DEBT SETTLEMENT, CREDIT COUNSELING TRENDS

  • The gap between the number of accounts that have been placed with a collection agency and the number of individuals who have engaged with a credit counseling service has increased during the past few years, while the gap between the number of accounts that have been placed with a collection agency and the number of individuals who have engaged with a debt settlement company has narrowed considerably, according to data released on Friday by the Consumer Financial Protection Bureau.

READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS

Click here to read this week’s Compliance Digest. You’ll get insights and opinions from 11 different compliance experts — Joann Needleman, Virginia Bell Flynn, Carlos Ortiz, Mitch Williamson, Scott Goldsmith, Shannon Miller, Porter Heath Morgan, Kim Phan, Jonathan Robbin, Katherine Bravo, and Lauren Burnette — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.

WORTH NOTING: An FAQ about how to protect yourself from COVID-19 now that we know it can linger in the air … RIP Kelly Preston … RIP Washington RedskinsSports Illustrated has its first transgender swimsuit model … Today is National French Fry Day … If you really want to travel, you can buy citizenship from a Caribbean country for as low as $100,000 … How to trick your brain to remember almost anything … Happy 30th Birthday to “Ghost.”

Why you shouldn’t leave your bedroom door open at night

Music Monday

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