CONSUMER ATTORNEY AGREES TO DISBARMENT FOR NOT COMMUNICATING SETTLEMENT OFFER TO CLIENT
- A consumer attorney who failed to communicate settlement offers in a Fair Debt Collection Practices Act case has agreed to have his license to practice law revoked.
LOOKING BACK ON WHAT ROHIT CHOPRA HAS SAID ABOUT THE ARM INDUSTRY
- Yesterday, President-elect Joe Biden officially announced the nomination of Rohit Chopra to be the next director of the Consumer Financial Protection Bureau. Chopra has spent the past two-and-a-half years as a commissioner with the Federal Trade Commission, which, like the CFPB, has enforcement authority over the accounts receivable management industry. To give the industry a sense of the direction that the CFPB might take under Chopra, here are some comments and excerpts from public remarks that he has made while at the FTC.
CONSUMERS LIVING IN LOW-INCOME NEIGHBORHOODS LESS LIKELY TO RECEIVE COMPENSATION WHEN COMPLAINING TO CFPB: STUDY
- During the past four years, coincidentally linked with the start of the Trump administration, complaints filed by individuals with the Consumer Financial Protection Bureau that were resolved with the consumer receiving some form of financial restitution declined in neighborhoods where the majority of residents were minorities, according to a research report that was released last week. The change in restitution patterns is evidence that the companies were anticipating a “more industry-friendly CFPB” because the financial restitution gap can not be explained in any other way, according to the researchers — a pair of professors from Boston College.
JUDGE DENIES MTD IN CASE OVER HEALTHCARE PROVIDER’S BILLING PRACTICES
- A healthcare provider in Ohio has had its motion to dismiss a class-action suit alleging its billing practices violated state law denied, after arguing that the law exempts transactions between physicians and their patients.
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