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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Among other things, the bill prohibits student loan servicers from: (1) directly or indirectly employing any scheme, device, or artifice to defraud or mislead student loan borrowers; (2) engaging in any unfair or deceptive practice toward any person or misrepresent or omit any material information involving the servicing of a student education loan, (..)

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Is The CFBP's Position On Credit Reporting Statements Consistent With The Case Law?

FDCPA Defense

In its Bulletin issued in July 2013 , the CFPB took the position that creditors, debt buyers and third-party collectors often make representations to consumers about credit-related issues in order to persuade them to pay. Credit Bureau of Georgia, 555 F. Arrow Financial Services , 428 F. See, e.g., Wright v.