Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues
The Federal Trade Commission has announced the topics of the two panels at its upcoming Debt Collection Dialogue in Atlanta. Sam Olens of the Office of the Georgia Attorney General will co-host the event. Earlier Dialogues were held in Buffalo and Dallas. This is the third and final scheduled Dialogue.
The first panel in Atlanta, …
According to the October debt collection litigation and complaint statistics report from WebRecon, consumer litigation in October under the FDCPA, TCPA, and FCRA marked the first time since September 2011 that an increase from both the prior month and year-to-date occurred. “For the first time in several years, overall consumer litigation is up dramatically,”…
On November 16, the Federal Communications Commission and the Federal Trade Commission released a memorandum of understanding designed to formalize their plans to coordinate consumer protection efforts.
The FCC is charged with regulating all interstate and international communications by radio, television, wire, satellite, and cable, while the FTC is primarily responsible for preventing unfair or…
On November 13, a New York federal judge granted final approval to a $4.75 million settlement between background check company Sterling Infosystems, Inc. and a class of Dish Network, LLC satellite television installers.
The installers brought claims against Sterling for violations of the Fair Credit Reporting Act (“FCRA”) including that Sterling provided outdated information to…
The Consumer Financial Protection Bureau’s latest monthly report revealed that credit card complaints represent approximately 11% of total product complaints from consumers. Late fees and credit report problems due to confusing payment processing schedules are the most frequent complaint topics for consumers. Other problems identified by consumers include:
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On November 11, Tennessee Attorney General Herbert H. Slatery III and the Tennessee Division of Consumer Affairs announced that it had settled allegations against credit card payment processor Elavon, Inc. to resolve claims that it violated state consumer protection laws by misrepresenting the cancellation policy of its credit card processing equipment leases, the duration …
On November 10, New York Attorney General Eric T. Schneiderman issued cease-and-desist letters to FanDuel and DraftKings, the two largest daily fantasy sports companies, demanding that they stop accepting bets in New York State.
According to the letters, daily fantasy sports constitute illegal gambling in violation of both the New York Constitution (N.Y. Const. Art …
On November 10, a New Jersey debt collection law firm pressed the Third Circuit to reverse the district court’s ruling that a four-second review of a debt collection complaint does not constitute “meaningful attorney involvement.”
As we previously reported, in Bock v. Pressler & Pressler, LLP, the United States District Court for the…
On October 2, President Obama announced a new executive order that prevents federal agencies from making job-applicants reveal they have a criminal record as part of his overall criminal justice reform effort. This “ban the box” initiative would prevent federal agencies from asking about an applicant’s criminal history at the initial application stage.
“It is …
After several high-profile motor vehicle computer hacking incidents, new legislation was introduced on November 5 that would require a study of best cybersecurity and private practices for software-enabled smart cars.
The so-called SPY Car Study Act was introduced by U.S. Representatives Ted W. Lieu and Joe Wilson. The Act tasks the National Highway Traffic Safety …
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