Compliance

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 …

The Court of Appeals for the Fifth Circuit has overturned a lower court’s ruling that had placed sanctions on the attorneys representing a plaintiff in a Fair Debt Collection Practices Act case for not settling a lawsuit quickly enough, but affirmed a ruling that the District Court judge was not …

The Office of the Attorney General for the Commonwealth of Massachusetts has issued additional guidance and answers to some Frequently Asked Questions following the enactment of a series of emergency regulations related to debt collection that were put into place because of the coronavirus pandemic. A copy of the guidance …

The Supreme Court on Friday announced that it was postponing hearing arguments for the month of April as a result of the coronavirus pandemic, a decision which delays the outcome in a closely watched Telephone Consumer Protection Act lawsuit. The Court said it would consider re-scheduling cases before the end …

The Court of Appeals for the Second Circuit has overturned a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because a letter that was sent to the plaintiff did not properly identify the creditor to whom the debt is …

A member of the New York Assembly has come out and said he has introduced a bill that would ban collection agencies from contacting individuals for 90 days. Assemblymember Felix Ortiz, a Democrat and Assistant Speaker of the New York State Assembly, posted on his Facebook page on Thursday, linking …

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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 …

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 …

The scenario where the Consumer Financial Protection Bureau’s release of the final debt collection rule is postponed until after the presidential election in November is becoming more possible by the day, which could threaten the release of the rule altogether, if the Democrats win the White House. A growing number …