Collector Accused Violating FDCPA, Reg F by Mis-Stating Settlement Amount of $0.01
- A collection operation is facing a lawsuit accusing it of violating the Fair Debt Collection Practices Act and Regulation F because it refused to identify itself when contacted by the plaintiff, ignored a request to cease communications, and rounded up instead of down when making a settlement offer on a debt that ended in an odd number, thereby throwing off the amount of the discount by a penny.
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Judge Grants MTD in FCRA Case Over ‘Reverse Identity Theft’ Claim
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- In a case where Xerxes Martin of Martin Golden Lyons Watts Morgan represented one of the defendants, a District Court judge in Texas has granted a defendant’s motion to dismiss a Fair Credit Reporting Act case where the plaintiff claimed to be the victim of “reverse identity theft” and denied filing for bankruptcy protection five times, which the credit reporting agencies included in her credit report.
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20% of Student Loan Borrowers Making No Payments: Study
- A new study released by Intuit Credit Karma reveals that a large majority of individuals with student loans have not made any payments following the end of the pandemic moratorium and many are worried about their financial stability going forward.
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Healthcare Debt, Pricing Transparency are Big Issues for Consumers, Regardless of Political Affiliation
- A recent survey conducted by Patient Rights Advocate reveals that medical debt is seen as a significant issue by an overwhelming majority of Americans heading into the presidential election campaign. The survey, which polled 2,024 likely voters, found that 77% believe medical debt is a major problem, compared with student loans, which was cited as a major problem by 57% of the participants.
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PRA Group Names Adrian Murphy as its Global Chief Data and Analytics Officer
- PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. 16.
- More details here
WORTH NOTING: Looking at the new features of the iPhone 16 and whether you should upgrade or not … If you don’t want or can’t afford a new phone, here is how to make your current phone last longer … Bank of America has raised its minimum wage for employees to $24 an hour … People are retiring later. What they could mean for younger workers … A lot of homeowners are not financially prepared for extreme weather events … If you are curious what keeps Bill Gates awake at night, here is what is at the top of the list … How a dye used in Doritos is turning mice transparent … Consumer interest in EVs is declining.
Trailer Tuesday, part I (NSFW language)
Trailer Tuesday, part II
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