SUIT ACCUSES COLLECTOR OF TRYING TO RECOVER SETTLED DEBT
- The Fair Debt Collection Practices Act is a strict liability statute, which can sometimes put collectors into legal hot water when they attempt to collect on a debt they think is valid, but it’s actually not. That appears to be the situation in this case, in which a collector is being accused of violating the FDCPA because it attempted to collect on a debt that had been settled in a legal matter involving the plaintiff and another collector a month earlier.
- More details here.
- This series is sponsored by WebRecon
JUDGE DISMISSES FDCPA SUIT OVER POST-JUDGMENT COMMUNICATIONS
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- A District Court judge in Pennsylvania has dismissed a plaintiff’s Fair Debt Collection Practices Act suit on his own, without even needing a motion from the defendant, ruling the plaintiff’s attempt to sue the defendant after it obtained a default judgment is “not plausible.”
- More details here.
CFPB MAKES CASE TO SCOTUS WHY FUNDING STRUCTURE IS CONSTITUTIONAL
- The Consumer Financial Protection Bureau has fired its opening salvo in defense of its funding structure, arguing in its brief to the Supreme Court that the ruling from the Court of Appeals for the Fifth Circuit was “flawed” and “has no support in text, history, or precedent” and should be overturned.
- More details here.
MONEY ISSUES HAVING NEGATIVE IMPACT ON CONSUMERS’ MENTAL HEALTH
- Financial issues are the most common factor negatively impacting the mental health of consumers in the United States, with more than half of respondents to a nationwide survey indicating that money is having a negative impact on their mental health, up from 42% last year. More consumers are suffering from anxiety, stress, loss of sleep, and depression because of their financial worries, and among those who said that, 98% said they had at least one increased money-related worry in the past year.
- More details here.
WORTH NOTHING: MSG isn’t as bad for you as you have been made to think, and it’s making a comeback … Recipe ideas to help you impress mom on Mother’s Day … Cash stuffing is a popular budgeting trick more consumers are using … Everyone on the Internet is wondering what animal the new cake pop at Starbucks is supposed to be … How to make flowers last longer … The student loan payment pause is definitely maybe almost over … Employees working in the United States are more satisfied than ever, according to a new poll … Myths about buying a home that are spreading fast.
Funny Friday, part I
Funny Friday, part II (NSFW language)
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