Recently, the Consumer Financial Protection Bureau, along with the states of Minnesota, North Carolina, and California, filed a lawsuit in California federal court against a student loan debt-relief operation. The CFPB alleges that the companies charged over $71 million in unlawful advance fees in connection with the marketing and sale of student loan debt-relief services
On November 4, the Second Circuit Court of Appeals in Dow v. Frontline Asset Strategies affirmed the September 24, 2018 Order of the United States District Court for the Eastern District of New York, which granted defendant Frontline’s motion for judgment on the pleadings. In its opinion, the Court reiterated its prior ruling from Taylor
The California Department of Business Oversight (“DBO”) on October 25 published a regulatory proposal to “modernize” the California Financing Law (“CFL”) licensing process. To do so, the DBO proposed amending existing licensing rules to transition all licensees onto the Nationwide Multistate Licensing System (“NMLS”). According to the notice of rulemaking, today many CFL licensees
On September 19, the Stop Debt Collection Abuse Act of 2019 was introduced by Reps. Emanuel Cleaver (D-Mo.) and French Hill (R-Ark.) in the House and Sens. Cory Booker (D-N.J.) and Mike Lee (R-Utah) in the Senate. This is the third iteration of the proposed bill, which was previously introduced in November 2015 and March
On October 7, California Governor Gavin Newsome signed SB 616 into law. This new law, which goes into effect on September 1, 2020, includes changes to California law regarding garnishments. SB 616 amends California Code of Civil Procedure (CCCP) § 699.520, revising requirements for a writ of execution. The content of a notice of
The Fair Debt Collection Practices Act requires a debt collector to inform consumers of the “name of the creditor to whom the debt is owed” within five days after its initial communication with a consumer regarding a debt. 15 U.S.C. § 1692g(a). And § 1692e(10) prohibits the use of any “false representation or deceptive means
In a non-precedential ruling, the Court of Appeals for the Third Circuit upheld a district court decision to grant summary judgment in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act.
The plaintiffs – a condominium owner and his children – lapsed on payments owed to a condominium agency,
The Consumer Financial Protection Bureau is proposing changes to the Fair Debt Collection Practices Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act (commonly referred to as “Dodd-Frank”). State attorneys general from 28 states have banded together to comment on the changes, which may impact an estimated 49 million American consumers who
California court vindicates HCI (once again) as not covered by TCPA, but finds 70 calls over four months potentially harassing
A recent California decision touched upon two recurring sources of lawsuits against debt collectors: whether calls are subject to the Telephone Consumer Protection Act and whether the sheer number of calls can constitute harassment barred
On September 27, the District Court for the Eastern District of New York dismissed a plaintiff’s complaint alleging violations of the Fair Debt Collection Practices Act, finding a collection letter adequately set forth the amount owed and did so in a manner that was not false, deceptive, or misleading by using safe harbor language adopted