Compliance

The Ninth Circuit Court of Appeals has upheld a lower court’s verdict against a company accused of violating the Telephone Consumer Protection Act because the phone number it was calling had been reassigned to someone other than the intended recipient of the calls, ruling that the company must have the …

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 …

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 …

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an auto loan title lender for, among other infractions, engaging in unfair collection tactics, which will see the lender repay $2 million back to individuals who were victimized and a civil money penalty of $1. A copy of the …

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.” …

The comment period closed yesterday on a Request for Information released by the Consumer Financial Protection Bureau related to the creation of a task force that would be charged with harmonizing and modernizing federal consumer laws. While there weren’t many comments filed, there were many strong opinions and some interesting …

A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings after it was sued for violating the Fair Debt Collection Practices Act because it attempted to collect on a time-barred debt without making the proper disclosures in a statement letter. A copy of …

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The Office of the Comptroller of the Currency — which regulates national banks — on Friday issued a final rule that clarifies a key component of the debt buying transaction, a concept known as the “valid when made” doctrine, which ensures the terms of loans remain valid after they are …

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 …