The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.
Read More »Court: Loan Originator is Not a Debt Collector
According to the Eleventh Circuit Court of Appeals, as a loan originator was collecting its own debt and not the debt of others, it did not qualify as a debt collector.
Read More »CFPB Reviews Time-Barred Debt Collection
The rulemaking prohibits collectors from using non-litigation means (such as calls) to collect on time-barred debt unless collectors disclose that the debt is time-barred.
Read More »Bipartisan Bill Tackles Robocalls and Debt Collection
What do industry professionals need to know about the newly unveiled "Stopping Bad Robocalls Act"?
Read More »Congress Targeting Robocalls: What It Could Mean for the Industry
The topic of "robocalls" is receiving renewed congressional attention, but even well-intentioned legislation could have implications for the industry.
Read More »CFPB Director Talks Regulation and Debt Collection
On Wednesday, CFPB Director Kathy Kraninger delivered a Keynote Address entitled “The Next Phase for CFPB.” In this Video Spotlight, Kraninger speaks on debt collection and consumer savings issues, and explains how the CFPB is working to address these problems.
Read More »The Obduskey Effect: Foreclosures, FDCPA, and the Supreme Court
The Fair Debt Collection Practices Act’s definition of “debt collectors” has led to both extensive litigation and contradictory Circuit Court decisions. Codilis & Associates member Lauren Riddick dives into the impact of the case, and discusses how the results may clear up some of these contradictions.
Read More »Court of Appeals Addresses Debt Collector License Requirements
A Maryland court has reversed a November decision that changed the licensing requirements for mortgages held by investors and statutory trusts. This week a Court of Appeals has addressed the case.
Read More »Court Rules in Favor of Weltman in BCFP Case
The firm has prevailed in the lawsuit brought against it by the BCFP with the court ruling in favor of Weltman and confirming that the BCFP's lawsuit lacked merit.
Read More »Debt Practices and the Downward Poverty Spiral
A four-state collaborative of nonprofits has released a new report examining how state systems of debt collection, fines, and fees can create ‘downward spirals’ for low-income communities. Click through to read the full report.
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