As we discussed last year, the Federal Trade Commission announced in May 2014 that it settled charges against Asset Capital and Management Group for illegally extracting payments from consumers for credit card debt that it had purchased from creditors.
In addition to banning the defendants – which includes individuals behind the scheme, a network
On June 30, the Third Circuit Court of Appeals joined a number of federal judicial circuits in holding that immaterial misstatements do not violate the Fair Debt Collection Practices Act (FDCPA).
In this case, Plaintiff defaulted on her loan, and Defendant – a debt collector – obtained a default judgment against her. Defendant then
Troutman Sanders LLP announced today that Jon S. Hubbard has rejoined the firm’s Financial Services Litigation practice as Of Counsel in the Richmond office. He returns to the firm from Capital One, where he was Assistant General Counsel and Director of Mortgage Litigation.
At Capital One, Hubbard represented the company on a national basis in
Effective July 1, the Georgia Governor’s Office of Consumer Protection is moving administratively to the Office of the Georgia Attorney General. At that point and thereafter, the office will be known as the Consumer Protection Unit (CPU) of the Law Department. According to its announcement concerning this move, the unit will continue to perform essentially
On June 29, the Federal Trade Commission announced that it had reached settlements with two Las Vegas auto dealerships, Planet Hyundai and Planet Nissan, over claims that they violated the Federal Trade Commission Act of 1914 by advertising large discounts not available to the general public.
The allegations against Planet Hyundai and Planet Nissan involved
On June 25, 2015, a 5-4 majority of the U.S. Supreme Court ruled that the Fair Housing Act (“FHA”) permits discrimination claims brought under a disparate impact theory of liability. Justice Kennedy authored the majority opinion in the much-anticipated decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. – a
On June 20, Virginia Attorney General Mark Herring announced that an agreement had been reached to keep Sweet Briar College open, ending months of litigation over the future of the College. The agreement will both provide money for the next year of operation and create a wholesale change of school leadership.
In March of this
On June 18, the Consumer Financial Protection Bureau filed a consent order and announced an enforcement action against a company specializing in medical debt collection for mishandling consumer credit reporting disputes and preventing consumers from exercising important debt collection rights. The CFPB is ordering the company to provide over $5.4 million in relief to harmed
On June 18, 2015, the Federal Communications Commission (“FCC”) voted 3-2 to approve an order that promises to have major and negative impacts on companies who use modern telephone technology to text and call consumers.
The stark increase in the number of lawsuits that were filed under the Telephone Consumer Protection Act (“TCPA”) has been
On June 17, ACA International – a trade group representing collection agencies and attorneys, creditors, debt buyers, and industry service providers – presented substantive comments to the Consumer Financial Protection Bureau in response to the agency’s recent request for information related to the consumer credit card market. The CFPB’s request contained four debt collection questions,