Appeals Court Affirms Summary Judgment Ruling for Defendant in FDCPA Case
- The Court of Appeals for the Second Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act, agreeing that the defendant’s conduct did not violate the statute and that that plaintiff’s claims were partially time-barred.
- More details here
Credit Card Delinquency Rates Tick Upward, but Consumers Showing No Signs of Slowing Spending
- One of the consistencies in trying to assess the economy during the past couple of years has been the consistency with which the economy seems to be heading in multiple directions simultaneously. One day, there is data that suggests the economy is improving and interest rates are going to start coming down. The next, there is a different data point that indicates things are not as rosy as they seemed the day before and that a recession is closer on the horizon than once thought. Delinquency rates on some of the largest financial institution’s credit card portfolios show a similar dynamic, with some going up and others going down during the first quarter of 2024.
- More details here
Judge Denies Class Certification Motion in FDCPA Case
- A District Court judge in New Jersey has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling the choice of law provisions in the underlying agreement make it impossible to determine on a class-wide basis which statute of limitations apply to the underlying debt.
- More details here
Compliance Digest – April 22
- Six leading compliance and legal experts bring you perspective and context on the most recent court rulings and more in this week’s Compliance Digest. It’s the best spot to help you stay on top of the ever-changing compliance landscape for the ARM industry.
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: Some of those historical signs you see around may not be as accurate as you think … If you care whether kale or spinach is better for you, the debate has been settled … Good news — the labor market in 2024 will be the toughest in your lifetime … One more mock draft ahead of this week’s NFL annual selection show … Whatever happened to the two-door car? … The best shows and movies on Netflix right now … Where the top 1% of the 1% are investing their money these days … The nine levels of pickpocketing.
Music Monday, part I
Music Monday, part II
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