2015 10 Debt collector Related Topics 
Collection Industry News
JULY 4, 2022
In short, the press release associated with this advisory opinion quotes CFPB Director Rohit Chopra as clarifying his view that “Federal law generally forbids debt collectors from imposing extra fees not authorized by the original loan,” and that “these fees are often illegal.” SAC 14-0771-DOC, 2015 WL 4254032, at 10 (C.D.
Consumer Financial Services Law
OCTOBER 17, 2017
An unpublished opinion from the Eleventh Circuit continues its analysis of the definition of a debt collector and continues to narrow the applicability of the FDCPA. 2015) was one of the first opinions to parse the definition of a debt collector under 15 U.S.C. Capital One Bank, 797 F.3d 3d 1309 (11 th Cir.
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BN Lawyers
JUNE 12, 2020
A public hearing on the Amendment was held on April 10 th (four days before New York City hit its peak of COVID-19 cases); nobody attended the public hearing and, likewise, no public comments were submitted. Notably, this information is required to be transferred when the account is transferred to another debt collector.
Consumer Financial Services Law
JULY 12, 2017
Mortgage servicers need to carefully review their Transfer Notices when the debt is in default at the time of transfer. The attached FDCPA notice also noted that “[Carrington} is deemed to be a debt collector attempting to collect a debt and any information obtained will be used for that purpose.” In Baptiste v.
Troutman Sanders
MAY 9, 2023
For the first year after the effective date of the proposal, these firms would be subject to an excise tax of 10% of the costs of electricity they use in digital asset mining. billion in revenue over 10 years. The excise tax would then increase to 20% in the second year, and it would reach its maximum of 30% in year three.
Collection Industry News
FEBRUARY 7, 2022
Mills and others note that mortgage lenders invested heavily to comply with the CFPB’s integration in 2015 of TILA with the Real Estate Settlement Procedures Act, known as TRID. asked Joann Needleman, an attorney at Clark Hill who represents debt collectors. “No What consumer is going to write that they love being charged a fee?”
National Service Bureau
OCTOBER 21, 2015
Well, medical debt can be a touchy subject , and CFPB oversight of medical collection agencies is slightly different than for others - namely the exception of the $10 million revenue threshold for Larger Market Participants. Why is that?
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