Second Circuit: NYC’s regulation of debt collectors not preempted by New York state law

In 2009, New York City expanded its regulation of debt collectors to include "a buyer of delinquent debt who seeks to collect such debt either directly or through the services of another by, including but not limited to, initiating or using legal processes or other means to collect or attempt to collect such debt." A law firm engaged […]

California Supreme Court Upholds Arbitration Clause Banning Class Actions

    In a decision issued Monday in a case called Sanchez v. Valencia Holding Co., the California Supreme Court rejected arguments that a class-action ban in an arbitration clause, together with a few other provisions that were unfavorable to a consumer, rendered the arbitration clause unconscionable. The opinion emphasized that an arbitration clause, like any other […]

CFPB announces lawsuit against offshore payday lender

The Bureau's release explained yesterday that it is: filing [] a lawsuit in federal district court against the NDG Enterprise, a complex web of commonly controlled companies, for collecting money consumers did not owe. The CFPB alleges that the defendants illegally collected loan amounts and fees that were void or that consumers had no obligations […]

Coalition Against Insurance Fraud launches educational podcast

This non-profit organization, which brings together consumer organizations (such as Consumer Federation of America and National Consumers League), governments and insurance organizations, aims to educate the public and expose fraud. Now it's launched a podcast, with the first three episodes covering home contractors, tow-trucks, and medical ID theft. You can check it out here.