The Southern District of Indiana recently issued a positive decision for debt buyers and collectors defending Fair Debt Collection Practices Act lawsuits premised on a directly communicating with a consumer who had previously notified the creditor she was represented by an attorney.
In Pennell v. Global Trust Management, LLC, No. 1:18-cv-01698-JRS-DLP, 2019 U.S. Dist.
On November 27, 2019, a New Jersey law requiring that student loan servicers obtain a license from the New Jersey Department of Banking and Insurance will go into effect.
The new law, among other things, will require the Department to appoint a student loan ombudsman to help student loan borrowers with understanding loan agreements
We are pleased to announce that Troutman Sanders attorneys David Anthony, Cindy Hanson, Ron Raether, and Timothy St. George will be presenting during the 2019 NAPBS Annual Conference in San Antonio, TX. The NAPBS conference offers a diverse range of educational topics from global screening techniques, strategic business sessions, technology and information
On August 22, state attorneys general from all fifty states and the District of Columbia, in conjunction with large telecom companies, unveiled a new agreement to combat robocalls. This is the latest step from the government and the telecom industry to address this growing problem as Americans get nearly 5 billion automated calls every month.
On July 18, the Consumer Financial Protection Bureau released a report analyzing market data from 2004 through 2018 on third-party debt collections tradelines reflected on credit reports compiled by the nationwide consumer reporting agencies. The CFPB segmented the report into two parts: buyers (entities that purchase debts and then collect on them) and non-buyers (entities
On May 21, Sen. Jeff Merkley (D-Ore.) introduced Senate Bill 1581 that would amend the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. The bill is co-sponsored by Sen. Richard Blumenthal (D–Conn.), Sen. Elizabeth Warren (D-Mass.), Sen. Bob Menendez (D-N.J.
Background
In Varela v. Lamps Plus, Inc.,
On April 24, the Federal Deposit Insurance Corporation and Duke University’s Fuqua School of Business and Innovation and Entrepreneurship Initiative will host the inaugural “Fintech and the Future of Banking” conference in Arlington, Virginia.
The conference, headlined by speakers Jelena McWilliams, Chairman of the FDIC, and Steven Mnuchin, Secretary of the United States
On April 11, U.S. Magistrate Judge Sallie Kim of the Northern District of California issued a two-page order vacating judgment and final approval of a class action settlement based upon the parties’ failure to send correct notices to more than 300 class members. See Tyler Smith et al. v. Pacific Personnel Services Inc., No.