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Compliance Digest – February 24

Account Recovery

California Appeals Court Reverses Judgment in Debt Buyer Case A California Appeals Court has reversed a lower courts ruling in favor of a debt buyer, determining that consumers do not need to show actual damages to pursue statutory damages under the Fair Debt Buying Practices Act (FDBPA). More details here.

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Consumer bureau orders debt collection agency to shut down for illegal practices

Collection Industry News

The first action violated the Fair Credit Reporting Act and the second violated the Fair Debt Collection Practices Act, the bureau said.