The U.S. Court of Appeals for the District of Columbia Circuit recently vacated a summary judgment order against a debtor on her claims against a debt owner and its debt collector for alleged violations of the federal Fair Debt Collection … Continue reading →
Read more: creditandcollectionnews.com
There are now more than 100 million skipped payments on student loans, auto loans and other kinds of debt, according to a report by The Wall Street Journal. At 106 million total by the end of May, the number of … Continue reading →
Read more: creditandcollectionnews.com
A federal judge sided with a coalition of financial firms, rejecting an agreement between U.S. regulators and a money manager that could have brought student-debt relief to hundreds of thousands of borrowers. U.S. District Judge Maryellen Noreika in Wilmington, Del., … Continue reading →
Read more: creditandcollectionnews.com
Sen. Elizabeth Warren, D-Mass., on Jan. 29. Warren and Sen. Sherrod Brown, D-Ohio, wrote in letters that the nation’s largest debt collectors should suspend seizing wages “immediately.” The nation’s largest debt collectors should suspend seizing wages “immediately,” two prominent senators … Continue reading →
Read more: creditandcollectionnews.com
Wednesday, June 24, 2020 An employer’s obligations under the Fair Credit Reporting Act (“FCRA”) are triggered when it obtains a “consumer report” from a “consumer reporting agency” for use in making an employment decision. A federal court in the Middle … Continue reading →
Read more: creditandcollectionnews.com
As the coronavirus pandemic and rising unemployment create a new wave of economic hardship for tenants, renter advocates have built a growing statewide Cancel Rent campaign demanding Gov. Gavin Newsom offer sweeping relief. But can a California governor wave a wand … Continue reading →
Read more: creditandcollectionnews.com
A good number of nations have cancelled international flights partially or entirely since February in order to tackle the spread of the novel coronavirus. Consumers paid around $35 billion for flights across the globe just before the coronavirus-induced pandemic. But … Continue reading →
Read more: creditandcollectionnews.com
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access. The Consumer Financial Protection Bureau on Monday proposed the elimination of debt-to-income limits for qualified mortgages processed through … Continue reading →
Read more: creditandcollectionnews.com
As we repeated not long ago, the Court in Gurzi v. Penn Credit, Corp., Case No: 6:19-cv-823-Orl-31EJK, 2020 U.S. Dist. LEXIS 107402 (M.D. Fl. June 18, 2020) rejected a defendant’s new super-charged arguments in defense of ringless voicemail. On Thursday that same … Continue reading →
Read more: creditandcollectionnews.com
As of today, consumer complaints to the CFPB set a third straight monthly record in May, with 35,093 complaints reported. Complaints about credit reporting lead by far, followed by debt collection, credit card and mortgage complaints. Job and income losses … Continue reading →
Read more: creditandcollectionnews.com
