Consumer Financial Services Law

FEBRUARY 11, 2018

Dunn Eighteen years ago, the Seventh Circuit crafted “safe harbor” language which, if used, shielded debt collectors from liability under 15 U.S.C. Section 1692g requires debt collectors to disclose, among other information, the “amount of the debt” a consumer owes. A recent decision, Boucher v. See 15 U.S.C.

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Better Credit Blog

APRIL 1, 2022

Within your lifetime, you may have a period of financial distress. Especially in the current pandemic, COVID 19, medical bills, credit card bills, and other financial service bills may start to pile up. The truth is, debt collectors actually have a set of rules they have to follow when attempting to collect on a debt.

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Troutman Sanders

MAY 2, 2023

However, due to partisanship in the Senate, Senator Lummis believes her bill is unlikely to pass before the House Financial Service Committee’s bill is introduced. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work.

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Troutman Sanders

JANUARY 20, 2022

On January 14, the CFPB announced it settled a lawsuit, alleging that the Taskforce on Federal Consumer Financial Law did not comply with the Federal Advisory Committee Act. On January 10, the CFPB announced that it sued several debt-collection companies and their owners for illegal debt-collection practices.

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