Top Creditor Collections Today Creditors Judgment Content for Week of Jan 28

Inaccurate TILA Disclosures Not Enough to Create Standing

Consumer Financial Services Law

FEBRUARY 3, 2017

A district court from New York recently ruled that even assuming a creditor’s initial TILA disclosures fell short under the statutory requirements, the plaintiff must show an injury in fact in order to have standing under Article III. In Kelen v. Nordstrom , the plaintiff sued the retailer alleging the retailer’s disclosures in connection with its credit card accounts violated the Truth in Lending Act.

Retail

Retail Creditors Banks

Clerical Error in Creditor’s Name Does Not Sink Debt Collector

Consumer Financial Services Law

FEBRUARY 1, 2017

A demand letter sent by a debt collector was not doomed by an incorrect statement of the creditor’s name. In Santibanez v. National Credit Systems, Inc., the debt collector’s initial letter stated as follows: Re: ENCOMPASS MANAGEMENT CONSULTANTS Account #: 3118797 Balance: $875.33 Dear CARLOS SANTIBANEZ, It is imperative that you give this matter your prompt attention.

Debt collector

Debt collector Debtor Creditors Judgment

Creditor Collections Today

Sat.Jan 28, 2017 - Fri.Feb 03, 2017

Inaccurate TILA Disclosures Not Enough to Create Standing

Clerical Error in Creditor’s Name Does Not Sink Debt Collector

Webinars

Stay Connected