Court Affirms Dismissal of Claims Against Debt Buyer
The U.S. Court of Appeals for the Fourth Circuit has affirmed a district court’s dismissal of claims against debt buyer LVNV Funding for filing proofs of claim in a state where it was not licensed as a debt collector.
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JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses. more »
Debt collection held steady as the second ranked consumer complaint reported to the Federal Trade Commission, according to the federal agency's 2014 Consumer Sentinel Network Data Book, which was released Friday. more »
Total lawsuits filed under the Fair Debt Collection Practices Act rose in January while lawsuits citing violations of the Telephone Consumer Protection Act fell. The numbers reverse a trend from the past three years. more »
Federal and state regulators filed lawsuits against two debt collection rings for allegedly using threats and abusive language, including falsely stating that consumers would be arrested. The operations collected more than $45 million in supposed debts, according to the complaints. more »
Consumer Financial Protection Bureau Director Richard Cordray discussed CFPB enforcement efforts and the pending rules for the debt collection industry, which are expected to be issued this year, during the National Association of Attorneys General meeting. more »
A complaint filed in district court by the Federal Trade Commission aims to stop an operation that has targeted consumers with outstanding payday loans, claiming they could help resolve those debts but then providing little or none of the financial relief promised. more »
Legislation to create an independent inspector general at the Consumer Financial Protection Bureau is circulating again. more »
Three mortgage companies are facing regulatory action from the Consumer Financial Protection Bureau for misleading consumers with advertisements implying U.S. government approval of their products. more »
A lender has agreed to pay Pennsylvania consumers $8 million in restitution as part of a settlement to resolve claims it illegally provided loans. more »
Ohio Attorney General Mike DeWine filed a lawsuit Wednesday against a Buffalo, N.Y., collection agency accused of impersonating regional government agencies and sheriff’s deputies attempting to collect debts. more »
More than 100,000 potential plaintiffs can pursue class-action litigation accusing Leucadia National Corp. and a law firm of illegally winning default judgments in debt collection cases, a federal appeals court in New York ruled Tuesday. more »
New York resident Nadia Figueroa pleaded guilty Tuesday for her role in stealing customer data while employed as a JPMorgan Chase bank teller. The scheme netted $850,000. more »

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