Consumer Finance Watch

FEBRUARY 27, 2019

By: Jonathan M. Robbin, Diana M. Eng , and Maria K. Vigilante. In Barbato v. Greystone Alliance, LLC et al. , a recent precedential decision, the Third Circuit Court of Appeals held an entity whose business is the purchasing of defaulted debts for the purpose of collecting on them falls squarely within the “principal purpose” definition of the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692(a), even where the entity does not collect the debt and a third party is retained to do so

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NCBA Law Practice Management Blog

FEBRUARY 25, 2019

Law firms cite to a lot of things, like cases.? But, when it comes to modernizing business management tactics, law firms cite traditional barriers, like cost and effort.? Law firm culture is a static one, embracing of the status quo, at all costs.? If you’re a lawyer, you’re probably willing to remain on the Titanic, as it recedes below the water line, because jumping into a life boat seems like a significant and uncomfortable change.?

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Consumer Financial Services Law

MARCH 1, 2019

The CFPB has issued its Semi-Annual Report to Congress for the time period beginning April 1, 2018 and ending September 30, 2018. The Report is the first issued by newly confirmed Director Kathy Kraninger and outlines the actions taken by her predecessor in the April-September 2018 time period. Significant Problems Facing Consumers. The Report identifies two “significant problems” facing consumers shopping for or obtaining consumer financial service products: (a) credit invisibility and (b) mort

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