Florida Court Finds Materiality Needed for Date of Delinquency Claims Under FDCPA-****Huge win for Debt Collectors/Debt Buyers**** On October 31, 2017, a federal judge in Florida reaffirmed a legal principal that only the material misrepresentations of a debt collector are actionable under the Federal Debt Collection Practices Act (FDCPA), 1692
The Consumer Financial Protection Bureau (CFPB) yesterday released a report that shows complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more. These changes include automatic student loan interest-rate
Make sure you follow the compliance information within CCA membership dashboard. It is also good to have an attorney to look at your agreement. LITTLE ROCK – Arkansas Attorney General Leslie Rutledge has held Florida-based Capital Credit Solutions Inc. and its owner Willie J. McKenzie accountable for false and
If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Here are the facts, according to Equifax. The breach
Unless you’ve been hiding under a rock, you know that the credit industry has been shaken up yet again by the bipartisan support it has been receiving on the Hill. This month, the “Credit Score Competition Act,” a bill that requires consideration of other credit scoring models when assessing mortgage
TransUnion shared with their sales team that CRAs will be removing tax liens and judgment data not up to standards during the week of July 10th, and not on July 1st as widely reported. Also, TransUnion will be removing ALL judgments. Therefore, one may need to adjust their verification plans.
Neil Gorsuch’s first SCOTUS decision might confuse you if you aren’t sure of your rights when it comes to debt collectors. This is what to know.
The Supreme Court unanimously ruled on Monday that the Fair Debt Collection Practices Act, or FDCPA, does not allow people who think they’re experiencing abusive debt collection practices to sue banks that have bought defaulted loansfrom another lender. The decision, published by newly appointed Justice Neil Gorsuch, means
The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan data
We know that many are sharing that you do not need to have the client sign their dispute or validation letters. Some are having success without incidents. BUT within the last month there has been a surge of calls from members receiving Authorization to Release letters from creditors or furnishers
Notice: The Department of education issued a bulletin nothing that Transunion has announced that it will re-introduce their student data for all consumers effective June 1, 2017. This hasn’t been done for years. What does this means and how it can affect you or your clients? If the student loan