The Eleventh Circuit recently addressed three issues of first impression in the Circuit regarding the application of the Fair Debt Collection Practices Act (FDCPA) to letters to consumers’ lawyers. Not surprising ... Read full article
Does the Obama White House truly stand for consumer financial protection, or will it support Wall Street when it thinks no one is looking? That's the question that the Supreme Court served up today. The Supreme Court is considering whether to hear ... Read full article
Yesterday, Judge Amy Totenberg of the Northern District of Georgia issued a very cogent 70-page opinion in the case of the CFPB v. Frederick Hanna & Associates , a large collection law firm with offices in Georgia, Florida, and South Carolina. The ... Read full article
In a recent case called Madden v. Marine Midland Funding , the Second Circuit ruled that a loan owned by a debt collector violated New York's usury statute. The loan had been originally made by a national bank and was subsequently sold to the debt ... Read full article
Should liability under the Fair Debt Collection Practices Act (FDCPA) lie against a creditor who submits a proof of claim past the statute of limitations in a consumer bankruptcy case? ... Read full article
In November, the American Bar Association issued a formal opinion that it was unethical for prosecutors to allow debt collectors to use prosecutorial letterhead when no member of the prosecutor's staff reviews the file to determine if it is likely a ... Read full article
Last week, Adam pointed us to a NYT's story on "zombie debt" after bankruptcy. I did a bit more research into the story because I had a hard time understanding the problem from the article. ... Read full article
The NYT has a piece about credit reporting of so-called "zombie debt"--debt that has been discharged in bankruptcy. Apparently the US Trustee Program is investigating various creditors in connection with this debt. ... Read full article
A ... Read full article
There's a fascinating long magazine piece in the NYTimes about consumer debt sales and collection. The piece ends by asking why we don't have a national debt registry, as if that were the solution to all debt collection problems. ... Read full article
That's the name of a new book by Jake Halpern coming out in October . The New York Times has an excerpt on their site . If the excerpt is anything like the book, it's going to be gripping. ... Read full article
Yesterday the Consumer Financial Protection Bureau, along with 13 state attorneys general (including from my new home state of Indiana), announced a $92 million settlement and issued an enforcement action against Colfax Capital Corporation and Cul ... Read full article
How exactly do people make ends meet? While there are a few formal studies of "payment hierachies" courtesy of the big data organizations, there is little ethnographic work. A new contribution in this regard is "Robbing Peter to Pay ... Read full article
Am I the only one who didn't know that the National Conference of Commission on Uniform Law recently revised the Uniform Fraudulent Transfer Act in late 2013? ... Read full article
Today is your last chance to comment on the CFPB's Advanced Notice of Proposed Rulemaking on Regulation F , regarding debt collection. I had the pleasure of working with Pat McCoy on a joint comment to the ANPR. ... Read full article
Like Pamela, I’m very delighted to join Credit Slips . As Bob mentioned in his kind introduction, I spent a year as a policy fellow at the Consumer Financial Protection Bureau. One of the most things I got to work on while I was there were the rules ... Read full article
