A District Court judge in New Jersey has granted a defendant’s motion to dismiss a class action Fair Debt Collection Practices Act case over language related to furnishing information about an unpaid debt to a credit reporting agency in a collection letter. A copy of the ruling in the case …
Read More »NYDFS Issues Amendments to Debt Collection Rules; Comment Period Open Until Next Week
The New York Department of Financial Services has issued a series of amendments to its debt collection rules for third-party debt collectors and debt buyers that could change how consumers are communicated with, including the information that must be provided after an initial communication is made. Comments on the proposed …
Read More »Companies Urged to Start License Renewal Process Soon
The focus for many companies in the coming month will largely be on getting ready for November 30 and the enactment of Regulation F — and rightfully so — but the Conference of State Bank Supervisors last week advised companies that will be renewing their licenses via the Nationwide Multistate …
Read More »Compliance Digest – November 1
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 week, …
Read More »Appeals Court Affirms Ruling for Law Firm in FDCPA SOL Case
The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a law firm that was accused of violating the Fair Debt Collection Practices Act by suing an individual who was allegedly responsible for a medical debt incurred by his wife, before they divorced. …
Read More »CFPB Publishes FAQs on Validation Information, Guidance on MVN’s Itemization Table
The Consumer Financial Protection Bureau issued another set of Frequently Asked Questions related to Regulation F on Friday, this time tackling the area of Validation Information and Validation Information related to Residential Mortgage Debt. The CFPB also on Friday published guidance on how collectors can use the “itemization table” in …
Read More »CFPB Taps Supervision, Enforcement Unit Chiefs
The Consumer Financial Protection Bureau on Friday announced two hires who will lead what many consider to be the most important departments within the agency — supervision and enforcement. The individual hired to run the CFPB’s enforcement operation had been previously mentioned, but the individual hired to run its supervision …
Read More »Judge Denies MTD in Case Against Collection ‘Kingpin’ For Attempting to Keep House From Being Seized
A District Court judge in New York has denied a motion to dismiss a complaint filed against a collection “kingpin” and his family by the Consumer Financial Protection Bureau after they were sued for attempting to fraudulently transfer ownership of a $1.6 million house to keep it from being seized …
Read More »N.J. Judge Grants MTD in FDCPA Case Even Though Letter Lacked ‘Clarity’
While noting that several instances of a collection letter lacked clarity, a District Court judge in New Jersey nonetheless granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that even a least sophisticated consumer would be able to ascertain the identity of the original creditor …
Read More »Eleventh Circuit Issues New Ruling, But With Same Conclusion, in Hunstein Case
The original panel from the Court of Appeals for the Eleventh Circuit that ruled in the Hunstein case issued a new opinion this morning, vacating its earlier decision, but still ending up in the same place that the plaintiff had standing to sue, even in the wake of the Supreme …
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