Daily Digest – January 11. Debt Buyer Sued by CFPB Plans ‘Vigorous’ Defense; Companies Fined $10k for Collecting Without License

DEBT BUYER SUED BY CFPB PLANS ‘VIGOROUS’ DEFENSE

  • A debt buyer that was sued yesterday by the Consumer Financial Protection Bureau said in a statement that it intends to fight the lawsuit and said the CFPB’s suit referenced six accounts in which allegedly illegal activity took place before the debt buyer was even in business and “embellishes them to make a case.”

MASS. DIVISION OF BANKS FINES COMPANIES $10K FOR COLLECTING WITHOUT PROPER LICENSE

  • The Massachusetts Division of Banks has entered into a consent order with a group of companies that were accused of operating in the state without a license in which the companies will pay a penalty of $10,000 while also ceasing from engaging in any business activity that is prohibited in Massachusetts, including collecting without a license.

THAT ECONOMY PUSHES ON WITHOUT STUDENT LOAN PAYMENTS IS PROOF THEY CAN BE CANCELED: REPORT

  • After yesterday’s article indicated that there might be increased pressure from Democrats to get President Biden to cancel some of all of the outstanding student loan debt across the country, a published report concluded that the success of the economy in the two years since student loan payments were paused is proof that the economy is “more than fine” without them.

NCLC PUBLISHES GUIDE TO KEY FDCPA RULINGS FROM 2021

  • The National Consumer Law Center has published a guide of the key legal rulings related to the Fair Debt Collection Practices Act that were issued in 2021, breaking down rulings according to different categories and providing a summary of the case law that was enacted last year.

WORTH NOTING: This is why I love sports … Professional baseball is about to have its first-ever female manager … There are wingmen, and then there are wingmoms … Goldfish crackers are getting bigger to be more appealing to adults … I need to an an eighth thing to this list about how to make your mornings more productive – read The Daily Digest … Meet a woman who started with a bobby pin and traded her way to a house … The Internal Revenue Service has announced when you can start filing 2021 tax returns … While also saying that it’s going to be a “challenging” tax season.

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Daily Digest – August 5. FDCPA Class Action Filed Over MVN; Judge Partially Grants MSJ for Plaintiff in FDCPA Case

FDCPA CLASS ACTION FILED OVER ALLEGED INTEREST DISCREPANCY IN MVN A class-action lawsuit has been …

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