Daily Digest – April 19. Judge Denies Request for New Trial in FCRA Case; Class-Action Accuses Collector of Using Wrong Itemization Date

JUDGE DENIES REQUEST FOR NEW TRIAL IN FCRA CASE, LOWERS DAMAGES TO $475K

  • A District Court judge in Florida has denied a defendant’s request for a new trial in a Fair Credit Reporting Act case, but partially granted a motion for judgment as a matter of law and reduced punitive damages to $475,000 from $700,000 after it was found guilty by a jury of failing to correct information in the plaintiff’s credit report despite the plaintiff filing 31 separate disputes.

CLASS-ACTION ACCUSES COLLECTOR OF USING WRONG ITEMIZATION DATE

  • A class-action lawsuit has been filed against a company for violating the Fair Debt Collection Practices Act and Regulation F because the itemization date that was used in a Model Validation Notice that was sent to a plaintiff was allegedly not one of the five allowed dates approved by the Consumer Financial Protection Bureau.

STUDENT LOAN IDRS GO UNDER THE MICROSCOPE

  • Student loan servicers are being called out by a number of Senate Democrats for their “mismanagement” of income-driven repayment programs while a bill has been introduced in the House of Representatives that would change the terms under which a borrower’s payments are calculated based on his or her income, not the terms of the loan.

FTC PROVIDES $5M IN REFUNDS TO CONSUMERS SCAMMED BY COLLECTORS

  • The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act.

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Daily Digest – November 21. Just Grants MTD in Case Over Fees, Charges in Letter; Judge Rebuffs CFPB Funding Argument in Denying MTD

JUDGE GRANTS MTD IN FDCPA CASE OVER FEES, CHARGES LINE ITEM IN LETTER Ahh, remember …

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