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Compliance

Senators Introduce Bill to Abolish CFPB

If Sen. Ted Cruz [R-Texas] has his way, the Consumer Financial Protection Bureau won’t be around long enough to implement its proposed debt collection rule. Sen. Cruz yesterday introduced legislation that would eliminate the CFPB. This is the third time that Sen. Cruz has taken some initiative to abolish the …

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[UPDATING] CFPB Releases Proposed Debt Collection Rule

CFPB Logo

The Consumer Financial Protection Bureau has released its long-await proposed debt collection rule. A copy of the proposed rule — all 538 pages of it — can be accessed by clicking here. “The Bureau is taking the next step in the rulemaking process to ensure we have clear rules of …

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Judge Grants MTD in FDCPA Case About Oral Dispute

A District Court judge in Nevada has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by not ceasing to collect on an unpaid debt after the plaintiff disputed it, because the plaintiff did not file the dispute in writing. …

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Ninth Circuit Rules CFPB Leadership Structure is Constitutional

The Ninth Circuit Court of Appeals yesterday ruled that the leadership structure of the Consumer Financial Protection Bureau is constitutional and affirmed a lower court’s ruling forcing a debt relief law firm to comply with a Civil Investigative Demand inquiry from the agency. The Ninth Circuit’s ruling mirror’s a ruling …

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