Compliance

Former CFPB Director Cordray Calls For ‘Vigorous’ Oversight of Collectors in COVID-19 Whitepaper

Richard Cordray, the former director of the Consumer Financial Protection Bureau, has published a whitepaper/memo aimed at Congressional leaders and his successor about how the regulator should be handling itself during the coronavirus pandemic, and calling for “vigorous” oversight of debt collectors because debt collectors are more likely to harass …

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Compliance Digest – April 6

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics.  And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every …

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Judge Denies Certification in FDCPA Suit

A District Court judge in Ohio has denied a motion to certify a class in a Fair Debt Collection Practices Act case because the plaintiff’s father is a partner at the firm representing the class and because “extremely extensive individualized fact-finding” would be required to adequately identify the members of …

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CFPB Fines Payday Lender $1.3M For Unfair Collection Tactics

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The Consumer Financial Protection Bureau has assessed $1.3 million in fines and restitution to a payday and title lender for, among other infractions, calling third parties and disclosing the existence of delinquent debts and calling consumers at their places of employment after being told that the consumers could not receive …

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