Sat.Mar 04, 2017 - Fri.Mar 10, 2017

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District Court Opinion Highlights Effect of Spokeo on FDCPA Claims

Consumer Financial Services Law

A recent district court opinion from Michigan makes clear that statutory violations of the FDCPA do not absolve a plaintiff from the need to show a concrete injury in order to establish Article III standing. In Johnston v. Midland Credit Mgmt, C.A. No. 1:16-cv-437, 2017 U.S. Dist. LEXIS 10610 (Jan. 26, 2017), the complaint alleged that the consumer received a settlement letter which provided three settlement options.

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CFPB Monthly Report Returns its Focus to Credit Reporting and Mortgage Complaints Fall Out of the Top Three

Consumer Financial Services Law

The CFPB issued its monthly report on consumer complaints last week. The report is a high-level snapshot of trends in consumer complaints. The Report provides a summary of the volume of complaints by product category, by company and by state. Additionally, it highlights a product type. This month’s report highlights credit reporting which was last in the “spotlight” in May 2016.