Suit Accuses Collector of FCRA, FDCPA, ID Theft for Pulling Credit Report
- A collection operation and its chief executive are being sued for allegedly violating the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, state law in Washington, and for identity theft, because the operation allegedly accessed the plaintiff’s credit report without a permissible purpose, falsely adding derogatory information to her credit report, and accessing the plaintiff’s personal information without her knowledge or consent.
- More details here
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Judge Grants MTD in FDCPA Case, Rules Defendant Not Collector
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- A District Court judge from the District of Columbia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were insufficient to meet the legal standards required under the FDCPA.
- More details here
U.S. Bank Acquires Healthcare Payments Company Salucro\
- U.S. Bank, a leading financial services provider, has announced the completion of its acquisition of Salucro Healthcare Solutions LLC, a Tempe, Arizona-based company specializing in healthcare financial technology. This move underscores U.S. Bank’s commitment to enhancing its offerings within the healthcare sector, particularly in the realm of patient billing and payments.
- More details here
More Consumers Tapping Credit Cards to Make Ends Meet: Report
- A recent field note from the Federal Reserve Bank of Boston reveals that, despite a significant drop in inflation, 59% of U.S. adults surveyed in May are still highly concerned about future price increases. This concern persists even though the inflation rate decreased from a peak of 9% in June 2022 to about 3% by June 2023. As inflation rates have gradually declined over the past two years, households remain significantly concerned about rising prices, with many turning to credit cards and loans to cope.
- More details here
WORTH NOTING: The top destinations for people who are getting away for Labor Day weekend … More Americans are thinking about putting their retirement plans on hold … The five best apple orchards in the United States, according to experts … Nearly half of workers plan to look for a new job in the coming year … New Hampshire is one of 11 states with only one area code and they won’t give that up without a fight … How to tell if your online accounts have been hacked … Do we really need an MIT study on why contracts are so difficult to understand? … Going “no contact” may be the best strategy to getting an ex back.
Trailer Tuesday, part I
Trailer Tuesday, part II
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