ENCORE TO PAY $15M TO SETTLE CFPB LAWSUIT
- The Consumer Financial Protection Bureau yesterday announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. The companies will repay consumers nearly $80,000 and pay a civil fine of $15 million.
ENCORE STATEMENT FOLLOWING SETTLEMENT OF CFPB LAWSUIT
- The following are statements included in a press release published by Encore Capital Group yesterday, after it was announced that the company and its subsidiaries had settled a lawsuit filed against them by the Consumer Financial Protection Bureau. The settlement will see the companies refund about $80,000 to consumers, pay a fine of $15 million, and follow a number of requirements when collecting on unpaid debts.
JUDGE DENIES MTD IN FDCPA CASE OVER GARNISHMENT SOL
- A District Court judge in Texas has denied a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act, ruling that a garnishment action taken eight years after a default judgment was awarded is not subject to the law’s one year statute of limitations when the underlying default judgment was obtained after filing a collection suit in the wrong venue.
CFPB PUBLIC ENFORCEMENT ACTIONS SPIKE IN 3Q
- Maybe there is something to the theory that people are far more productive when working from home than they ever were sitting inside an office. That might be one explanation why, and I say this completely with my tongue in my cheek, the number of public enforcement actions taken during the third quarter of 2020 — when employees from the Consumer Financial Protection Bureau and the rest of the country were working from home — was five times higher than the number announced during the second quarter and more than double the amount announced during the third quarter of last year.
SEVEN STEPS TO PROTECT YOURSELF AND YOUR PERSONAL INFORMATION
- October is National Cybersecurity Awareness Month. This year, unlike any other, Americans of every age are spending more and more time online. Working from home, meeting by Zoom, ordering groceries, and attending school have become a way of life rife with opportunities for identify theft. National Cybersecurity Awareness Month reminds all of us to think about protecting our personal information when we are online.
WORTH NOTING: People are paying a lot less to buy homes on the coast these days … Cracker Barrel is making more changes to its menu … Fans of canned corn should start stocking up … Why it is still important to take vacation time, even if you can’t go anywhere … You can still get some good deals, even if Amazon Prime Day is over … If Dr. Fauci is making sacrifices for Thanksgiving this year, then we all may have to … Did you know that there is a cheating crisis going on in the chess world? … If you’re a murder suspect and you’re trying to get out of the country, maybe pick someone other than your brother — who is also wanted — to impersonate.
How to fold a “Phoenix” paper airplane
Funny Friday
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