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On August 22, a district court judge in the Western District of New York denied the defendants’ motions to dismiss a case brought by the Consumer Financial Protection Bureau (CFPB) alleging violations of the FairDebtCollections Practices Act (FDCPA) and Consumer Financial Protection Act (CFPA).
According to the complaint, “FCO and Sobota operate the largest debtcollectioncompany in the multiunit housing industry, and they collectdebt on behalf of large apartment complexes, including student and military housing, and assisted-living facilities.” District Court for the District of Maryland.
About Transcript About CFPB 2024 Annual Report on Activities to Administer the FairDebtCollection Practices Act I. Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Rental Debt 1.2.1 Conclusion: Summarizes the key findings and trends in medical and rental debtcollection.
Senate Committee on Banking held a full committee hearing, titled “Oversight of the Credit Reporting Agencies.” Chairman Sherrod Brown (D-OH) described consumercredit reports as “riddled with errors.” Brown argued that medical debt “correlates with illness,” not with credit risk. On April 27, the U.S.
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