Household debt jumps by the most in 14 years to nearly $15 trillion in the second quarter
October 13, 2021 3:01 pmKEY POINTS Household debt rose $313 billion in the second quarter to nearly $15 trillion. In dollar terms, that was... View Article
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FTC Returns Money To Consumers Harmed By Phantom Debt Collector
October 7, 2021 9:52 pmThe Federal Trade Commission is returning $772,512 to consumers who were targeted by a debt collector who unlawfully brokered and... View Article
Some Lawyers Must Soon Be Licensed By The DFPI
October 6, 2021 10:10 pmCalifornia had been one of 16 states that did not require licensing of debt collectors. That changed last year with... View Article
Bogus Debt Collectors Permanently Banned From Collections In FTC Settlement
September 27, 2021 7:20 pmDefendants posed as police, attorneys to threaten consumers over fake debts An Atlanta-based debt collection company and its owners will... View Article
DFPI Moves Forward To License California Debt Collectors
September 1, 2021 11:59 pmCompanies Must Submit Application prior to Jan. 1, 2022, to Continue Operating in California SACRAMENTO – The Department of... View Article
California DFPI Requires Student Loan Debt-Relief Company To Pay More Than $1 Million In Penalties, Restitution
August 9, 2021 10:44 pmContinues Crackdown on Illegal Student Loan Debt-Relief Activities SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI)... View Article
Court Holds that Reference To The Possibility Of Reviewing Legal Options Is Not An Empty Threat Under The FDCPA
June 24, 2021 10:00 pmIn Mikhael v. Credit Corp Solutions, Inc., the Eastern District of New York held that a letter alluding to the... View Article
Debt Collectors Face Surge Of Suits After 11th Circ. Ruling
May 19, 2021 11:53 pmDavid Anthony, a partner in Troutman Pepper’s Consumer Financial Services Practice Group, was quoted in the Law360 article, “Debt Collectors... View Article
California Supreme Court Confirms Call-Recording Statute Applies To Parties And Nonparties Alike
April 12, 2021 8:57 pmCalifornia Penal Code Section 632.7, part of California’s Invasion of Privacy Act, prohibits the recording of a communication between a... View Article
Chopra Vows To Revive Enforcement At CFPB
March 2, 2021 9:25 pmPresident Joe Biden’s CFPB nominee Rohit Chopra said the agency will have a much more aggressive enforcement unit in areas... View Article
