Burr Forman

JANUARY 18, 2023

On January 11, 2023, the Third Circuit held that attempting to collect on a default judgment did not constitute using "'false, deceptive, or misleading' representations in connection with collecting the judgment" if the default judgment was later vacated. 21-3307, 2023 WL 154970, at *1 (3rd Cir.

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Judgment Fair Debt Collection Collections 52

Troutman Sanders

JANUARY 19, 2023

May a debt collector incur liability under the Fair Debt Collection Practices Act (FDCPA) by seeking to collect a debt under a state court judgment later determined to be void? Though the judgment was “effective” October 14, 2016, it was not mailed to the parties until November 7.

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Judgment Fair Debt Collection Debt collector Collections 52

Troutman Sanders

AUGUST 1, 2023

An amendment in the NDAA to update the Fair Debt Collection Practices for Servicemembers Act passed in the Senate by a vote of 95-2. On July 26, the CFPB published its Summer 2023 Supervisory Highlights report. The OAG initially filed the lawsuit in June 2021, and as part of the judgment, between $450,000 and $2.5

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Financial services Financial Institution Debt collector Fair Debt Collection 52

Troutman Sanders

MAY 2, 2023

Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. The fund, which announced its blockchain integration during Consensus 2023 , invests at least 95.5% For more information, click here.

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Financial services Trade Consumer Credit Government 52