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Compliance

CFPB, PHH Set To Go Before Appeals Court Tomorrow

The Consumer Financial Protection Bureau and lawyers representing PHH Corp. will step before the entire Court of Appeals for the District of Columbia tomorrow and make their arguments that could shape the future of the CFPB. A three-judge panel from the D.C. Appeals court ruled last year that the leadership …

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Legal Experts Praise SCOTUS Decision In FDCPA Case

Lawyers praised the decision issued yesterday by the Supreme Court of the United States ruling in favor of a debt buyer who was being sued for allegedly violating the Fair Debt Collection Practices Act. The debt buyer, Midland Funding, was accused of violating the FDCPA because it submitted a bankruptcy …

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Vermont Legislature Debating Consumer Protection Bill That Would Increase Requirements When Filing Legal Actions

The Vermont State Legislature is considering a bill that would, among other things, halve the statute of limitations to three years and prohibit the collection of time-barred debts. The bill would also impose a number of additional restrictions on collectors filing legal actions to collect on unpaid debts, and give individuals the …

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CFPB Hearing Makes For Great Theater, But Does Little Else

It was the very definition of Good Cop, Bad Cop. Richard Cordray, the director of the Consumer Financial Protection Bureau, went before the House Financial Services Committee and faced Republicans who want him fired and Democrats who want him christened as a saint. Hearings allow each member of the committee …

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