APPEALS COURT VACATES JUDGMENT IN FAVOR OF PLAINTIFF IN FDCPA CASE OVER INTEREST DISCLOSURE IN LETTER
- The Court of Appeals for the Eighth Circuit has overturned a lower court’s ruling in favor of the plaintiffs in a Fair Debt Collection Practices Act class action, ruling they lacked standing to pursue their lawsuit after claiming a statement that “Interest and other charges may accrue daily” was deceptive and misleading. The ruling hopefully brings an end to a case that had its share of legal twists and turns.
- More details here.
CFPB UPDATES ADMINISTRATIVE ENFORCEMENT PROCEEDINGS
- The Consumer Financial Protection Bureau on Friday announced it had issued a final rule related to the procedures for when it chooses to use the administrative adjudication process — instead of going to federal courts — when bringing contested enforcement actions, making the process more closely track what would occur in federal court.
- More details here.
APPEALS COURT UPHOLDS RULING FOR DEFENDANT IN FAKE ID THEFT CASE
- The Court of Appeals for the Tenth Circuit has upheld a ruling in favor of a defendant that was sued for obtaining a default judgment and garnishing the plaintiff’s wages after he defaulted on a student loan debt, by falsely claiming he was the victim of identity theft and claiming the defendants lacked standing to sue and did not own his loan.
- More details here.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Industry experts Stefanie Jackman, Christopher Morris, Monica Littman, Mike Frost, Mitch Williamson, David Shaver, and Lori Quinn 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: How to help young people limit their screen time … Permanent jewelry is a trend that is gaining in popularity … Families want to be able to raise kids on one income, but most can’t do it … The Supreme Court will hear arguments tomorrow in the student loan debt cancellation case … The pitfalls to avoid when planning your own funeral … Tips to write a good cover letter … Science explains how a four-day workweek helps workers and employers … The things you should never post on LinkedIn if you lose your job.
Music Monday, part I
Music Monday, part II
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