2013 brought some significant developments to consumer financial services law. It began early with a favorable Fair Debt Collection Practices Act decision from the U.S. Supreme Court, followed by several interesting Telephone Consumer Protection Act decisions. But what really set the year apart was the activity we saw from federal regulators. Here’s my list of some of the most significant developments from around the country, which will likely impact 2014. U.S. Supreme Court The year began with the Supreme Court’s decision in Marx v. General Revenue. The Supreme Court held that a plaintiff who is unsuccessful in a claim brought under…
Posts published in January 2014
The comment period for the Advance Notice of Proposed Rulemaking concerning the Fair Debt Collection Practices Act has been extended to February 28. Several organizations, including the National Association of Retail Collection Attorneys, had made requests for the extension. We will be presenting a free webinar on the “Repositories” questions posed in the ANPR on January 22. You can find out more about the webinar and how to register here.
I’ll be heading to Park City, Utah this weekend for the Winter Meeting of the American Bar Association’s Consumer Financial Services Committee. The focus of the CFSC is on all things in consumer financial services law — payment systems, deposit accounts, fair lending and yes, debt collection. This meeting is going to feature several panel discussions with officials from the Consumer Financial Protection Bureau and the Federal Trade Commission along with well-known consumer advocates all discussing issues surrounding debt collection. Enforcement actions, the recent ANPR, TCPA litigation and CFPB regulation of attorneys are among the topics we’ll cover. As always, this…