by Jeff Sovern AccountsRecovery.Net reports on an interview, largely about debt collection, with the Acting Director of the FTC's Consumer Protection Bureau, Thomas Pahl, at a Receivables Management Association conference this week. Some excerpt: “It’s difficult to speak about where the agency is headed given the organization is changing,” Pahl said during his session, adding that […]
Category Archives: Debt Collection
by Jeff Sovern Earlier this week we linked to an op-ed by Mary Spector (SMU), Genevieve Hebert Fajardo (St. Mary’s) and Neil L. Sobol (Texas A&M) criticizing a debt collection bill pending in the House, HR 4550, which would exclude from the FDCPA's coverage attorneys to the extent they are engaging in litigation. Though the bill […]
Writing in the Brownsville Herald, consumer law professors Mary Spector (SMU), Genevieve Hebert Fajardo (St. Mary’s) and Neil L. Sobol (Texas A& M) critique the debt collection bill pending in the House, HR 4550, which would exclude from the FDCPA's coverage attorneys to the extent they are engaging in litigation. Excerpt: House Resolution 4550, would […]
by Jeff Sovern Advocates for some positions sometimes block the federal government from researching or supporting research on issues. For example, supporters of gun rights have long had the votes to prevent the government from obtaining data about gun safety. See, e.g., Newsweek's report titled THE GOVERNMENT WON'T FUND RESEARCH ON GUN VIOLENCE BECAUSE OF […]
According to a report by the Urban Institute. The report breaks down the data by county and other demographic data. AccountsRecovery.Net has a story here. Nearly half of consumers in Louisiana have a debt in collection.
At least not through a writ of execution. The case is here. AccountRecovery.Net has a report on the case here. Fellow blog co-coordinator Deepak Gupta argued the case. (HT: Gregory Gauthier).
by Jeff Sovern The landing page is here. Here is an excerpt from one story, Kicking in Doors and Crushing Credit: How Rent-A-Center Torments Customers, though other stories on the web site merit attention, and there is more to this one than we can include here: Virginia real estate investor Olivia Quinn says she lost her […]
Yonathan A. Arbel of Alabama has written Adminization: Gatekeeping Consumer Contracts, Vanderbilt Law Review, Forthcoming. Here's the abstract: Large companies and debt collectors frequently file unmeritorious claims against consumers. Recent high-profile actions brought by the Consumer Financial Protection Bureau (CFPB) against JP Morgan, Citibank, and large debt collectors illustrate the breadth and importance of this phenomenon. Due to […]
by Jeff Sovern Here, in The News-Press. Debt buyers use small claims courts to get judgments to enforce debts even though it is not clear how often those debt buyers can prove the facts pertaining to the debt. Excerpt: Of more than 1,800 small claims cases filed in Lee County over the first five months […]
The hearing was held by the House Financial Services Committee Subcommittee on Financial Services and Consumer Credit. The ACA has a report here. Nine bills were under discussion. Excerpt: “Just to give everyone an idea, H.R. 864, the Stop Debt Collection Abuse Act, was a bipartisan effort on behalf of myself, [U.S. Reps. Keith Ellison, […]