Troutman Sanders
FEBRUARY 26, 2021
SN Servicing, LLC , a district court in the Ninth Circuit denied a defendant’s motion for summary judgment regarding the plaintiffs’ allegations that the defendant violated the Fair Debt Collection Practices Act and Oregon Unlawful Debt Collection Practices Act in its mortgage servicing activity.
Collection Industry News
JUNE 14, 2021
Court of Appeals for the Second Circuit has ruled that a debt collector did not violate the Fair Debt Collection Practices Act by sending the plaintiff a settlement offer that did not disclose that his balance could increase due to interest and fees. Source: site. In Cortez v.
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Collection Industry News
SEPTEMBER 28, 2021
Court of Appeals for the Seventh Circuit recently affirmed judgment in a debt collector’s favor against claims that its efforts to collect attorney’s fees incurred to collect a debt — including the fees incurred in collecting the attorney’s fees — violated the federal Fair Debt Collection Practices Act.
Collection Industry News
MAY 18, 2021
McCarthy and Holthus LLP that a business engaged in non-judicial foreclosure proceedings is not a “debt collector” under the Fair Debt Collection Practices Act (FDCPA). Prohibit certain abusive collection practices directed at service members, including threats to reduce rank or revoke security clearance.
Troutman Sanders
DECEMBER 20, 2022
On December 15, the Office of the Comptroller of the Currency, along with the Federal Financial Institutions Examination Council, released revised procedures for how its examiners will investigate financial institutions for Fair Debt Collection Practices Act compliance, incorporating Regulation F changes into their review.
Troutman Sanders
AUGUST 1, 2023
An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. For example, some institutions incorrectly reduced the amount reported to the extent that the uninsured deposits are collateralized by pledged assets. The amendment, led by U.S.
Troutman Sanders
MAY 2, 2023
On April 26, the CFPB issued an advisory opinion, reminding the industry that a debt collector who brings or threatens to bring a foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act. of its total assets in U.S. For more information, click here.
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