Collection Industry News

JULY 4, 2022

In short, the press release associated with this advisory opinion quotes CFPB Director Rohit Chopra as clarifying his view that “Federal law generally forbids debt collectors from imposing extra fees not authorized by the original loan,” and that “these fees are often illegal.” SAC 14-0771-DOC, 2015 WL 4254032, at 10 (C.D.

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Troutman Sanders

FEBRUARY 8, 2021

Greenspoon Marder LLP , Judge Vazquez of the District Court for the District of New Jersey granted the defendant’s motion to dismiss the plaintiff’s Fair Debt Collection Practices Act (FDCPA) claim in part and dismissed it in part. ” The court analyzed each of the plaintiff’s contentions in turn.

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Consumer Financial Services Law

FEBRUARY 27, 2018

Merriam Webster Dictionar y The Third Circuit has refined its position as to whether collection of time-barred debt may violate the FDCPA where the communication involves an offer to settle. 12, 2018), the debt collector sent a letter that read “[The creditor] is willing to accept payment in the amount of $128.99

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FDCPA Defense

MAY 6, 2014

The CFPB does not want debt collectors to tell consumers that paying their debts might help them to improve their credit score. Nor does the CFPB want collectors to encourage consumers to pay by informing them that their failure to do so might harm their credit. PROTECT YOUR CREDIT REPUTATION. SEND PAYMENT TODAY.

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