MASS. AG, AUTO LENDER REACH $5.6M SETTLEMENT OVER COLLECTION PRACTICES
- An auto lender has agreed to pay $5.6 million as part of a settlement with the Attorney General of Massachusetts over its debt collection practices, the AG’s office announced on Friday, affecting more than 1,000 borrowers throughout the state.
APPEALS COURT VACATES DISMISSAL OF FDCPA CASE TO GIVE PLAINTIFF CHANCE TO REPLEAD
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- The Second Circuit Court of Appeals has vacated a lower court’s dismissal of a Fair Debt Collection Practices Act case and remanded it back to the District Court to give the plaintiff the opportunity to replead her claims because three days after the original case was dismissed, the Supreme Court issued its ruling in TransUnion v. Ramirez, which has significantly impacted the standing that plaintiffs have to sue in federal court, even though standing never came up in the original case.
CFPB ANNOUNCES CRACKDOWN ON STUDENT LOAN SERVICERS OVER PSLF PROGRAM
- The Consumer Financial Protection Bureau has launched another flare into the night sky, this time warning student loan servicers about making sure they are not making misrepresentations or making deceptive statements with respect to the Public Service Loan Forgiveness program, which offers individuals the opportunity to have their student loan debts forgiven if they meet certain criteria and work in an eligible public service job.
EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY
- Understanding the context and consequences of court rulings can be difficult. Thankfully, there are experts out there that can do it for us. Patrick Newman, Brent Yarborough, Aylix Jensen, Rick Perr, Chuck Dodge, Virginia Bell Flynn, Lauren Valenzuela, and Heath Morgan break down the ins and outs of cases impacting the ARM industry in this week’s Compliance Digest, which is brought to you by Bedard Law Group.
WORTH NOTING: The most impactful moments from the recently concluded Winter Olympics … A reunion between a dog and his family 12 years in the making … The confusion over what today’s name actually is … What workers really want from their employers … Where you will likely experience the next round of inflation sticker shock … Resumes might be the biggest problem in the hiring process … In case you thought you had a bad day, Meikayla Moore had a worse one … If you’re waiting for car prices to go back to the way they were, you might not want to hold your breath.
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