Bill Introduced in House to Clarify ‘Abusive’ Acts or Practices Under CFPA
- A bill has been introduced in the House of Representatives that seeks to “clarify” the standards for what defines Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) under the Consumer Financial Protection Act with respect to enforcement actions brought by the Consumer Financial Protection Bureau.
- More details here
Millions Still Not Making Payments on Student Loans
- Nearly nine million people who have student loans have not yet made a payment after the moratorium on student loan payments ended three months ago, according to a published report that cited information from the Education Department.
- More details here.
Debt Collector to Shut Down Under Enforcement Order with CFPB
- The Consumer Financial Protection Bureau today announced that a medical debt collector — Commonwealth Financial Systems in Pennsylvania — is being shut down for failing to conduct reasonable investigations and failing to inform the credit reporting agencies that debts were being disputed by consumers.
- More details here.
Compliance Digest – December 18
- Opinions and perspectives on 10 different compliance topics from 10 different legal experts — that kind of breadth and depth of coverage is only available in the Compliance Digest. Check out this week’s edition and make sure you know everything there is to know about recent legal rulings, new bills being introduced, and what the regulators are up to.
- More details here.
- This series is sponsored by Bedard Law Group
WORTH NOTING: The right way to clean a toilet … “Jeopardy” is back to having a single host … “Coffee badging” is the latest form of employee protest for having to go back to the office … The best Christmas songs of all time, according to experts … The top advertisements of 2023 … Even Tiger Woods can be a proud dad … Four Christmas gifts that may end up costing the recipient money .,. A joke woke a woman out of a five-year coma.
Music Monday, part I
Music Monday, part II
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