Compliance

The Consumer Financial Protection Bureau yesterday announced a Notice of Proposed Rulemaking (NPRM) that would undo some of the key portions of a rule governing payday lending, much to the chagrin of the bureau’s critics. “Trump Administration Brings Relief to Long-suffering Predatory Lenders,” read one headline blasting the changes, which …

Ride-sharing company Lyft was able to get part of a claim alleging it violated the Telephone Consumer Protection Act by sending using an automated telephone dialing system to send unauthorized text messages dismissed because the plaintiff failed to support his claim that an ATDS was used. A copy of the …

Calling individuals listed as references and employers on payday loan applications as a means of trying to collect on unpaid debts — among other violations — has netted a payday lender a $100,000 fine and a consent order with the Consumer Financial Protection Bureau. The CFPB announced the settlement with …

Rep. Frank Pallone [D-N.J.], who is now the chairman of House Energy and Commerce Committee, has re-introduced a bill, called the Stopping Bad Robocalls Act, which drastically expands the definition of an automated telephone dialing system. Rep. Pallone previously introduced the bill last June, during the previous Congressional session, but …

A bill that was proposed in the Colorado legislature that would limit what could be garnished from an individual’s wages if the judgment was for medical debt was postponed indefinitely by the state’s Finance Committee on Monday, despite pleas that the law was sorely needed. Colorado HB19-1089, the Exemption From …

A District Court judge in Georgia has denied a request for judgment on the pleadings and refused to dismiss a case filed against a collection law firm for allegedly violating the Fair Debt Collection Practices Act by using its actual, registered name in a collection letter. A copy of the …

The Consumer Financial Protection Bureau on Friday announced it had reached a settlement with a group of online lenders from Canada that will permanently bar the company from operating in the United States, but which posed no financial penalty. The companies were accused of misrepresenting to individuals that not repaying …

A debt buyer has reached a settlement with the Attorney General of Massachusetts in relation to loans that were made to individuals that helped finance the purchase of online study guides and other educational services to students. The debt buyer — MSW Capital — will discharge $39,000 in loans and …

A District Court judge in Texas has granted a motion to dismiss a lawsuit after a collection agency was accused of violating the Fair Debt Collection Practices Act by including two different debts under the same self-generated account number. A copy of the ruling in Reynolds v. Medicredit, Inc., can …

A District Court judge in Wisconsin has granted a motion to dismiss after a collection agency was accused of violating the Fair Debt Collection Practices Act by using the phrase “Amount Due Now” in a collection letter. A copy of the ruling in Mollberg v. Advanced Call Center Technologies, Inc. …