A group of 17 state Attorneys General have written a letter to Congress endorsing a plan that would cancel $50,000 of student loan debt for all federal student loan borrowers. The letter, written by the AGs of Massachusetts, New York, Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Maryland, Minnesota, …
Read More »Collector Agrees to Not Apply for License to Collect in Minnesota For 5 Years as Part of Consent Order
A debt collector has agreed to not apply for a license to collect in Minnesota for five years and will cease and desist from performing any collection activity in the state while also voiding or waiving collection fees it is owed by consumers dating back to July 2019 as part …
Read More »States Sue Bank Regulator to Overturn ‘True Lender’ Rule
A group of eight state attorneys general filed suit yesterday in federal court in New York to block a rule that was issued by the Office of the Comptroller of the Currency that aimed to close a gap in the process of banks selling loans to third parties, such as …
Read More »Judge Cuts Plaintiff’s Attorney Fees Request by 45% in FDCPA Settlement
A federal judge in Minnesota has pretty much split the difference between requests from a plaintiff and defendant in awarding attorney’s fees for a settled case involving allegations that a debt buyer and debt collector violated the Fair Debt Collection Practices Act. A copy of the ruling in Heroux v. …
Read More »State AGs Line Up Against BCFP to Fight For Public Access to Complaint Database
The new attorney general of New York is picking up the consumer protection battle right where her predecessor left off, and is planning on taking on the Bureau of Consumer Financial Protection. Barbara Underwood, who took over from Eric Schneiderman last month when he resigned abruptly, said she is leading …
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