April 27, 2016

CFPB Penalizes Yet Another Debt Collection Law Firm

On April 25, 2016, the Consumer Financial Protection Bureau (CFPB) issued its latest consent order against Pressler & Pressler, a New Jersey law firm that collects consumer debt. The CFPB…

March 17, 2016

CFPB Enters Consent Order with Buy Here Pay Here Auto Dealer

In its first enforcement order of the year, the CFPB took aim at the financing practices of a buy here pay here auto dealer.  “Buy here pay here dealers” sell…

March 11, 2016

The Telephone Message Conundrum Continues for Debt Collectors in New York

Ten years after the Southern District of New York entered into its infamous decision in Foti v. NCO Financial Systems, Inc., 424 F. Supp. 2d 643 (S.D.N.Y. 2006) and just…

March 4, 2016

CFPB Issues Fact Sheet Clarifying TRID Implementation and Construction Loans  

The CFPB has issued a fact sheet clarifying that, in most cases, construction loans are subject to the Loan Estimate and Closing Disclosure requirements of TRID. Exceptions to the rule…

February 29, 2016

FTC Continues to Focus on Fair Lending Issues in Auto Finance

Earlier this week, the FTC provided the CFPB with its annual update of FTC enforcement activities related to compliance with the Equal Credit Opportunity Act. The update was…

February 9, 2016

Tensions Continue to Mount Between the Bankruptcy Code and the FDCPA

The issue of whether the Bankruptcy Code precludes claims under the FDCPA took another twist in a recent opinion issued by the Second Circuit. In a pro-consumer opinion, the Second…

February 2, 2016

Lessons to be Learned from Wyndham Hotels Data Breach

The FTC recently entered into a Consent Order last week with Wyndham Hotels and Resorts resolving the FTC’s allegations that Wyndham did not do enough to prevent its customer’s credit…

January 29, 2016

Foti Revisited: When Does a Telephone Message Violate FDCPA

Ten years after the Southern District of New York entered into its infamous decision in Foti v. NCO Financial Systems, Inc., 424 F. Supp. 2d 643 (S.D.N.Y. 2006), the debate…

January 28, 2016

CFPB Clarifies Liability Standard for TRID

Since TRID was introduced, a debate has raged on as to whether the Truth in Lending Act’s (TILA) liability rules or RESPA’s would govern TRID violations. The debate has key…

January 21, 2016

Law Firm Assessed $3.1 Million Fine – The Hanna Consent Order

This article is an update to the article titled: Best Practices for Collection Law Firms in the Face of Increasing Regulatory Scrutiny, published October 8, 2015.

Law…

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