Daily Digest

CRYPTO FIRM HIRES FORMER CFPB DIRECTOR KRANINGER TO BE LOBBYIST Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by …

GETTING TO KNOW KRISTYN LEFFLER OF RESURGENT CAPITAL SERVICES Kristyn Leffler is one of the new breed of professionals in the accounts receivable management industry, one who understands the importance of data and isn’t afraid of it. It is because of people like her that the ARM industry is evolving …

DEFENDANT IN FDCPA BARCODE CASE FILES EN BANC PETITION WITH APPEALS COURT The defendant in a Fair Debt Collection Practices Act case where a lower court’s dismissal was reversed over the inclusion of a barcode on the envelope containing a collection letter has filed a petition with the Third Circuit …

FDCPA CLASS ACTION FILED AGAINST LAW FIRM, DEBT BUYER FOR NOT HAVING PROPER LICENSE, FAILING TO MENTION INTEREST ACCRUAL IN LETTER A class-action lawsuit has been filed in New Jersey by a plaintiff who claims that a debt buyer allegedly violated the Fair Debt Collection Practices Act because it did …

APPEALS COURT RULES SOME PRIVATE STUDENT LOANS CAN BE DISCHARGED IN BK The Court of Appeals for the Second Circuit has upheld a lower court’s ruling allowing a plaintiff’s private student loans to be discharged as part of his bankruptcy filing, ruling that the provision of the bankruptcy code that …

APPEALS COURT AFFIRMS RULING FOR DEFENDANTS IN FCRA CASES OVER OWNERSHIP OF DEBTS The Court of Appeals for the Seventh Circuit has affirmed the rulings from District Court judges in a consolidated appeal of seven Fair Credit Reporting Act cases in which the plaintiffs sued credit reporting agencies because they …

GETTING TO KNOW WILLIAM MAROHN OF TOBIN & MAROHN As far as the ARM industry is concerned, it’s a good thing that Bill Marohn didn’t stand up in 9th grade and say he wanted to be a ditch digger or rodeo clown. He said he wanted to be a lawyer …

SENATE REPUBLICANS TELL CHOPRA HE SHOULD BE DISQUALIFIED FROM CFPB NOMINATION FOR REFUSAL TO ANSWER QUESTIONS Senate Republicans are calling for Rohit Chopra to be disqualified from consideration as the next Director of the Consumer Financial Protection Bureau after he refused to provide answers to questions that he was sent …

EMERGENCY COLLECTION BILLS INTRODUCED IN DISTRICT OF COLUMBIA A pair of bills have been introduced in Washington, D.C., that seek to implement temporary restrictions on how debts are collected in the District now that it is ending the pandemic emergency declaration that was enacted last year. The bills were authored …

ED. DEPT. CANCELS MORE LOANS FOR MISLED STUDENTS The Department of Education on Friday announced it was canceling an additional $56 million in student loans for 1,800 individuals who were misled by three different for-profit institutions about their employment and salary prospects and the transferability of credits from the schools …