Daily Digest – October 26. Judge Denies Defendant’s Motion in FDCPA BK Case; Creditor Fined $10k For Collecting Debts in Different Name

JUDGE DENIES DEFENDANT’S MOTION IN FDCPA BANKRUPTCY CASE

  • A District Court judge in Florida has denied a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act case for allegedly disregarded cease-and-desist letters sent by an individual after receiving text messages and collection letters from the defendant while the individual had a pending bankruptcy petition.

CREDITOR FINED $10K FOR COLLECTING DEBTS USING DIFFERENT NAME

  • The Connecticut Department of Banking has reached a settlement with a creditor that was using a different name under which to collect unpaid debts for not having a collection license that will see the company pay a fine of $10,000 and stop collecting debts in the state unless it is using the “true name of the business.”

BILL INTRODUCED TO CREATE WHISTLEBLOWER PROGRAM AT CFPB

  • After seeing Democrats introduce legislation in both the House of Representatives and the Senate designed to protect and compensate individuals who come forward and report instances of wrongdoing in the financial services industry to the Consumer Financial Protection Bureau, a Republican has introduced his own bill that aims to protect and compensate employees at the CFPB who want to come forward and expose “conduct within the CFPB that does not serve the American consumer.”

CHOPRA TO TESTIFY BEFORE HOUSE, SENATE COMMITTEES THIS WEEK

  • He hasn’t had time to find out where the office supplies are kept, but Rohit Chopra will go before the House Financial Services Committee tomorrow and the Senate Banking Committee on Thursday to deliver the Consumer Financial Protection Bureau’s annual six-month update. This will mark the first time that the House or Senate has had the opportunity to sit down with the Director of the CFPB since last Fall.

WORTH NOTING: That’s one way to spend the money you got for COVID-19 relief … Special effects experts weigh in on what likely happened in the Alec Baldwin shooting mishap that left one person dead. How Hollywood may change because of what happened … Break me off a piece of that Halloween costume … Performers at haunted houses dish on what it actually takes to scare someone … A coupon fraud scheme of massive proportions that will likely be coming to a movie theater near you … How to properly turn down a job offer … Elon Musk made $25 billion yesterday.

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