Compliance

Report Questions CFPB’s Proposed Time-Barred Debt Rule

A published report in a major metropolitan newspaper has published a report looking at the Consumer Financial Protection Bureau’s proposed time-barred debt disclosure rule, quoting consumer advocates saying that the industry should not be left to police itself and that the collection of time-barred debts should be banned. The report …

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State Regulators Call Out CFPB Over Task Force’s Agenda

State regulators have “significant concerns” about a Consumer Financial Protection Bureau task force that is charged with looking at federal consumer protection laws, wondering why they are being left out of the discussion and worried that their state laws are possibly going to be pre-empted. The Conference of State Bank …

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Judge Grants MTD in FDCPA Case Over Balance Discrepancy

A note to plaintiffs everywhere — if you are going to sue a collection agency for violating the Fair Debt Collection Practices Act because a collection letter does not identify the original creditor properly, do not indicate that the debt is being disputed because the care you received was “inadequate.” …

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Compliance Digest – June 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 …

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Nevada Extends Collection Agency-Related COVID-19 Protections

The state of Nevada’s Financial Institutions Division has extended its directive that prohibited collection agencies in the state from attempting to collect from Nevada residents for another 30 days, according to ACA International, which posted a copy of a letter the state sent to licensed entities alerting them to the …

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