Compliance

Rep. Maxine Waters [D-Calif.], the chairwoman of the House Financial Services Committee, yesterday announced the representatives who will chair the committee’s six subcommittees. Of most interest to the accounts receivable management industry is likely the Subcommittee on Consumer Protection and Financial Institutions. That subcommittee will be chaired by Rep. Ed …

A District Court judge in Indiana has granted a defendant’s motion for summary judgment, ruling that the collection agency was entitled to the Fair Debt Collection Practices Act’s bona fide error defense because a fax that was sent by the plaintiff’s attorney disputing a debt was forwarded to the wrong …

There have been some significant shifts in consumer lawsuit trends during the past five years, and those trends continued in 2020, based on data released yesterday by WebRecon. The number of Fair Debt Collection Practices Act lawsuits dropped from 2019 to 2020 — the fifth straight year the total fell …

In one of the first cases to reference a series of rulings from the Seventh Circuit Court of Appeals on the issue of plaintiffs’ standing to sue, a District Court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case because the “stress, …

“Why did you think it was ok to not wear a mask when you went outside to play with your friends?” “Because nobody else was wearing one.” “If everyone else jumped off the Brooklyn Bridge, would you do it, too?” How many times have we said or heard that line? …

A District Court judge in Indiana has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because the internal account numbers it referenced in two collection letters — seeking to collect the same debt owed to the same creditor — were …

The Attorney General of Washington state is seeking to increase the penalty for violating the state’s consumer protection act by more than 500%, claiming that the increase is overdue because the fine limit has not been increased since the state law went into effect five decades ago. The proposed legislation …

While not a lot may be known about Dave Uejio, the acting director of the Consumer Financial Protection Bureau, he is not looking to just keep the director’s seat warm for Rohit Chopra, who has been tapped by President Biden to be the next director of the agency, according to …

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The Seventh Circuit Court of Appeals continued its assault on standing in Fair Debt Collection Practices Act cases yesterday, affirming a District Court ruling that a plaintiff lacked standing to sue a debt collector because she did not try to show an intent to dispute a debt while suing because …