Archive for November 2014

Seventh Circuit Denies Petition in Proof of Claim Case

Like the 80 inches of snow that pummeled Buffalo this week, the crusade against time-barred debt continues to hammer the collection industry.  Today the United States Court of Appeals for the Seventh Circuit denied a petition for leave to file an interlocutory appeal in the matter of Patrick v. PYOD, LLC. Earlier this summer, a

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Crawford, Progeny – More than Proofs of Claim on Time-Barred Debt

It has been several months since the Eleventh Circuit handed down its decision holding that filing a proof of claim on “time-barred” debt violates the FDCPA. The request for rehearing, which I reported about this past summer, was denied. While a petition for certification to the Supreme Court is possible, even if the court accepts the case (and

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FTC Lists Steps Debt Brokers Should Follow to Keep Data Secure

The Federal Trade Commission has posted seven steps debt brokers should follow to keep data secure on the Bureau of Consumer Protection’s Business Center Blog. This latest guidance comes after the FTC requested that a federal court order two debt brokers that exposed the personal information of more than 70,000 consumers online to notify the consumers and give

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Election Signals Anti-Regulation Sentiment

The GOP victory in yesterday’s mid-term elections probably will not translate into any immediate relief for the consumer financial services industry. But if you are looking for any sign of where things might be heading, know that voters handily rejected many candidates Sen. Elizabeth Warren, the unofficial founder of the Consumer Financial Protection Bureau, stumped

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