Daily Digest – October 18. Collector Facing Class Action Over Allegedly Contradictory Letters; CFPB Wants $43M From Debt Relief Co. Owner

COLLECTOR FACING CLASS ACTION OVER ALLEGEDLY CONTRADICTORY LETTERS SENT ON SAME DAY

  • The plaintiff allegedly received two letters — one that included the validation notice and one that provided a verification of the debt — for the same account on the same day.
  • The verification included an account statement that allegedly mis-stated the amount due by $1.
  • More details here.
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CFPB SEEKS $43M IN FINES, RESTITUTION FROM DEBT RELIEF CO. OWNER

  • After receiving a default judgment because the defendant did not respond to a complaint it violated the Telemarketing Sales Rule, the Consumer Financial Protection Bureau is now going after the owner of a debt relief company for $43 million in fines and restitution, saying his cooperation during the investigation was “minimal.”
  • More details here.

HOUSE SUBCOMMITTEE CHAIR ACCUSES CRAS OF FAILING TO FULLY INVESTIGATE DISPUTES

  • In a 12-page letter that includes tables with data, Rep. Jim Clyburn is calling on the Consumer Financial Protection Bureau to investigate the three major credit reporting agencies for possibly violating the Fair Credit Reporting Act by failing to fully investigate disputes.
  • More details here.

DEBT COLLECTION TACTICS LEAVE 4-IN-10 BRITS ‘FEARING FOR THEIR LIVES’

  • A majority of consumers in the United Kingdom feel they were not treated humanely during the collection process.
  • More details here.

WORTH NOTING: If you’re looking for the Great Pumpkin on TV, you’re not going to find it anywhere this year … Cocktails inspired by horror movies to get you in the Halloween spirit … A rare nickel — one of five known to exist — went for $4.2 million … The NFT trend may be crashing to a halt … What you need to know if you are looking to buy over-the-counter hearing aids … What the merger of Kroger and Albertson’s means for your grocery bills … The CEO of Microsoft on how to solve the remote work problem for companies … A food scientist on the right way to eat chocolate.

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Daily Digest – December 5. Senate Bill Aims to Restrict Medical Debt Collections; Calif. Appeals Court Upholds Ruling for Creditor in RFDCPA Case

SENATE BILL SEEKS TO PLACE RESTRICTIONS ON MEDICAL DEBT COLLECTION A bill has been introduced …

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