APPEALS COURT AFFIRMS DISMISSAL OF FDCPA CASE OVER USE OF LETTER VENDOR, LACK OF DISCLOSURE IN LETTER
- The Court of Appeals for the Tenth Circuit has upheld the dismissal of a lower court’s ruling in a Fair Debt Collection Practices Act case in which the defendant was accused of disclosing the existence of the debt by using an outside vendor to print and mail the letter and because it failed to disclose that the amount of the underlying debt may increase.
- More details here.
BILL INTRODUCED IN SENATE TO CHANGE LEADERSHIP STRUCTURE, FUNDING MECHANISM AT CFPB
- A bill has been introduced in the Senate — by outgoing Senator Pat Toomey [R-Penn.], the ranking member of the Senate Banking Committee — that aims to place the budget and funding of the Consumer Financial Protection Bureau under the congressional appropriations process while also changing the leadership structure of the Bureau to a five-member commission.
- More details here.
BANK REGULATORS RELEASE NEW EXAM PROCEDURES FOR FDCPA COMPLIANCE
- The Office of the Comptroller of the Currency, in conjunction with the Federal Financial Institutions Examination Council, on Thursday released revised procedures for how its examiners will examine financial institutions for their compliance with the Fair Debt Collection Practices Act, incorporating the changes from Regulation F into their review.
- More details here.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Industry experts Stefanie Jackman, Loraine Lyons, David Schultz, Carlos Ortiz, David Shaver, and Chris Morris provide their perspectives and analysis of the legal and compliance trends shaping the ARM industry.
- More details here.
- This series is sponsored by Bedard Law Group
WORTH NOTING: Highlights from the World Cup, which ended yesterday in stunning fashion … A cat has gone viral because it was surrendered by its owner for wanting to cuddle … Financial moves you should make before the end of the year … How bad does turbulence have to be to seriously injure 11 people? … The COVID policies you may want to consider keeping in place for the long term … White elephant gift ideas … Technology to the rescue … The hottest holiday gift this year isn’t something I’d guess if you gave me 1,000 chances.
Music Monday, part I
Music Monday, part II
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