CFPB FINES SANTANDER $4.75M FOR FCRA VIOLATIONS
- The Consumer Financial Protection Bureau yesterday announced it had issued a consent order against Santander Consumer USA, accusing it of violating the Fair Credit Reporting Act by furnishing accurate information to credit reporting agencies and fining the nonprime auto lender $4.75 million.
TCPA CLASS ACTION FILED AGAINST COLLECTOR IN FLORIDA
- A class-action lawsuit has been filed against a debt collector in Florida alleging it violated the Telephone Consumer Protection Act and the Fair Debt Collection Practices Act by calling the plaintiff more than 40 times after he allegedly revoked consent to be contacted and for mis-stating the amount that was owed during calls before consent was revoked.
STUDENT LOAN SERVICER TO PAY $35M IN FINES AND REDRESS FOR VIOLATING CONSENT ORDER
- The Consumer Financial Protection Bureau yesterday issued a consent order against a student loan servicing company for violating a prior consent order in which it was accused of mis-stating minimum amounts due on billing statements and engaging in illegal debt collection practices. In this newest consent order, Discover Bank, the Student Loan Corp., and Discover Products will have to repay $10 million to affected consumers and a civil money penalty of $25 million.
CLASS-ACTION SUIT FILED AGAINST COLLECTION AGENCY
- A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado.
WORTH NOTING: Demand for bus travel has dropped 80% during the pandemic … Gift wrapping hacks to make you look like a pro … The 10 best business books of 2020 … More last-minute gift ideas … How top tech companies are planning to work after the pandemic is over … Some of the obscure provisions of the new stimulus package … How long it will take to correct bad habits … The most influential 80+ Americans.
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