CFPB REORG COULD LEAD TO FEWER INVESTIGATIONS OF COLLECTORS: REPORT
- The Consumer Financial Protection Bureau is reorganizing its supervision and enforcement units which could lead to less scrutiny of smaller companies in the financial services industry, including debt collectors, according to a published report.
JUDGE GRANTS MSJ FOR DEFENSE OVER LACK OF ITEMIZATION IN LETTER
- In a case that was spotlighted by Barron & Newburger, a District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act by not itemizing a debt in the initial collection letter, but doing so in a subsequent letter, which the plaintiff claimed was misleading.
CFPB ISSUES ANPR ON CONSUMER ACCESS TO FINANCIAL RECORDS
- The Consumer Financial Protection Bureau yesterday started the rulemaking process seeking to codify consumers’ rights to their financial records. In releasing an Advanced Notice of Proposed Rulemaking, the CFPB is continuing a process that it started several years ago to help it understand how it should implement such a rule, which it is required to do under the Dodd-Frank Act.
PLAINTIFF IN INCENTIVE AWARD CASE FILES EN BANC PETITION
- As first noted by Eric Troutman at TCPAWorld.com, the plaintiff in an Appeals Court decision that ruled incentive payments for the named plaintiff in a class-action lawsuit are illegal under Supreme Court precedent dating back more than 130 years has filed for an en banc hearing before the Eleventh Circuit.
WORTH NOTING: “The Addams Family” is coming back to TV, thanks to Tim Burton … The appliance repair business is booming … Fans of Chick-fil-A sauces will now be able to buy them at retailers nationwide … Everything that is coming and going from Netflix in November … An interesting question — is Mookie Betts the perfect athlete? … A hilltop village in Italy will pay you to move and work there … Introducing the Candy Catapult … Not how I would plan my first date, but I’m more of a romantic, I guess.
Pulling off the perfect heist
Funny Friday
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.
