We’re pleased to announce that partner and board-certified family law specialist, Lynn Wilson McNally, has received her mediation certification from the North Carolina Dispute Resolution Commission and is now certified to conduct mediations of equitable distribution and other family law financial cases in North Carolina district court actions.
We are pleased to announce that Caren Enloe has rejoined Smith Debnam as a partner in our Creditors’ Rights practice group. Enloe will lead the firm’s Consumer Financial Services Litigation unit and brings a wealth of experience in the consumer financial services sector, both in litigation and compliance matters.
The Consumer Financial Protection Bureau (CFPB) has issued its Supervisory Highlights for July-December, 2014. The Bureau’s examinations found violations involving credit reporting, debt collection, overdraft protections, mortgage origination, and fair lending.
The North Carolina Senate has introduced a bill that will create a private right of action for inaccurate credit reporting. Senate Bill 357 proposes to include new provisions to both Chapters 58 and 75. The proposed bill will provide a private right of action to consumers when a creditor, collection agency, or debt buyer fails to correct inaccurate information in a credit report after receiving notice of a dispute directly from a consumer, which seems to directly conflict with the federal Fair Credit Reporting Act.