The federal government has settled a landmark challenge against its robodebt program – conceding a $2,500 debt raised against Deanna Amatowas not lawful because it relied on income averaging. In orders made by consent on Wednesday, the federal court declared … Continue reading →
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Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger recently made her way up to Capitol Hill for her semiannual testimony on CFPB operations. During the hearing, few subjects drew as much congressional ire as the CFPB’s proposed debt collection rule. … Continue reading →
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The House Financial Services Committee advanced several bills to amend the Fair Debt Collection Practices Act after a two-day markup this week. ACA has been advocating for some changes to these bills outlined in a letter submitted to Committee Chairwoman … Continue reading →
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Operators of alleged scheme claimed to be affiliated with the federal government and falsely promised to help reduce or even eliminate consumers’ student loans, agency says The Federal Trade Commission obtained a temporary restraining order halting an operation that bilked … Continue reading →
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The CFPB is considering creating a program to give companies more clarity on how the regulator would interpret consumer finance laws, Deputy Director Brian Johnson said. The idea would be for the Consumer Financial Protection Bureau to issue a formal … Continue reading →
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Brian Frontino, left, and Kingsley Nwamah, right, with Stroock & Stroock & Lavan in Miami.. In the second quarter of 2019, consumer debt in the United States rose to a record high of $13.86 trillion according to the Federal Reserve … Continue reading →
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DANVILLE — By early next year, PRA Group plans to fill the former Telvista building with hundreds of employees. The debt collection company will hold job fairs soon and begin hiring workers in January, the company said earlier this week. … Continue reading →
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SAN FRANCISCO (CN) – A debt collector did not break the law by using government seals and letterheads to get people who bounced checks to pay restitution and take classes, a federal judge ruled Wednesday, but the company may have … Continue reading →
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ShareTweetEmail Travis County Justice of the Peace for Precinct 5 Judge Nick Chu presides over court in 2018. GABRIEL C. PÉREZ / KUT Texas is chasing its tail when it comes to collecting court fees and fines, a new study … Continue reading →
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The House Financial Services Committee passed 8 bills, according to an announcement from Rep. Maxine Waters today: The Ending Debt Collection Harassment Act of 2019 (H.R. 5021), a bill by Representative Ayanna Pressley (D-MA), to amend the Fair Debt Collection … Continue reading →
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