Compliance

A bipartisan coalition of 22 state attorneys general have come out and are blasting a proposal from the Office of the Comptroller of the Currency that would clarify the “valid when made” doctrine to ensure the terms of loans would remain valid after they are sold or transferred and address …

The Seventh Circuit Court of Appeals has partially overturned a lower court’s dismissal of a suit in which a collector was accused of violating the Fair Debt Collection Practices Act by including the statement “Time Sensitive Document” on the envelope. A copy of the ruling in the case of Preston …

The Court of Appeals for the Seventh Circuit has reversed a lower court’s summary judgment award in favor of a defendant and instead remanded the case back for summary judgment in favor of a plaintiff who sued a collection agency for allegedly violating the Fair Debt Collection Practices Act by …

One of the downsides to sending emails has led to a collection agency being sued for allegedly violating the Fair Debt Collection Practices Act. A copy of the complaint in the case of DeHart v. CollectionCenter, Inc., can be accessed by clicking here. Earlier this month, the plaintiff noted an …

A District Court judge in Illinois has ruled that a group of defendants did not waive their right to compel arbitration because they spent four months defending themselves against a lawsuit that alleged they violated the Fair Debt Collection Practices Act by trying to collect on a debt that had …

Individuals and companies fined by the Consumer Financial Protection Bureau can expect to pay a little bit more starting last week, after the annual inflationary increase for civil money penalties went into effect. The CFPB and other federal agencies were to increase their fine limits by 1.7% to adjust for …

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A District Court judge in California has partially granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Telephone Consumer Protection Act even though the plaintiff never actually received the text message in question. A copy of the ruling in the case of Stone v. …

A District Court judge in Pennsylvania has denied a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because it failed to include a disclosure in a collection letter that a partial payment on a time-barred debt would re-start the statute of …

The Sixth Circuit Court of Appeals has vacated a lower court’s ruling in favor of plaintiffs in a class action who were awarded $3,662 in damages and their attorneys who were awarded $180,000 after the court ruled the defendant violated the Fair Debt Collection Practices Act by including the costs …