SDNY JUDGE DISMISSES FDCPA CASE OVER DISPUTE LANGUAGE IN LETTER
- A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because of the language it used in a collection letter to indicate the methods in which the plaintiff could dispute the validity of the debt.
DEBT SETTLEMENT FIRM TO REPAY CONSUMERS $5.4M UNDER AGREEMENT WITH CFPB
- A District Court judge in Massachusetts has been asked to sign off on a settlement between the Consumer Financial Protection Bureau and a debt settlement company that was sued for allegedly engaging in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher fees than it was supposed to. Under the terms of the proposed settlement, the defendant will pay consumers $5.4 million out of a $7.7 million judgment along with a civil money penalty of $1 while also being prohibited from engaging in the practices alleged by the CFPB.
JUDGE DENIES REQUEST FOR TRO TO BLOCK CFPB’S FDCPA EVICTION RULE
- A District Court judge in Tennessee has denied a plaintiff’s motion for a temporary injunction seeking to block the enactment of an interim final rule saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, determining that the rule does not apply where courts have blocked the eviction order from being enforced.
DFPI HIRES ADVOCATE TO RUN FINTECH OFFICE
- The California Department of Financial Protection and Innovation (DFPI) yesterday announced it has hired a leading consumer advocate to run its Office of Financial Technology and Innovation, with the mandate to create a “national model for fostering responsible innovation” for entrepreneurs developing financial products and services in the state.
WORTH NOTING: What the new child tax credit means for you and your family … Glad to see this football player is going to get a shot after what happened to him … Airlines might start requiring you to step on a scale before stepping foot on a plane … A question I have begun asking myself — are there too many streaming services now? … People are turning to tattoos as the pandemic wanes … At least one state is offering unemployed workers cash to get a job … A guide to mask-wearing rules in different states … About one-in-four adults say they are financially worse off because of the COVID-19 pandemic … How to choose the right shampoo for your hair.
A look at America’s newest National Park
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