Last Friday, Tom Wheeler, Chairman of The Federal Communications Commission (FCC) published a blog entitled “Cutting off Robocalls.” The portion of the piece that has received the most media attention was this: “In regard to the Commission’s expectations that carriers respond to consumers’ blocking requests, I have sent letters to the CEOs of major wireless and […]
The Consumer Financial Protection Bureau (CFPB) reached a proposed $107 million settlement on Tuesday with several individuals affiliated with the World Law Group. According to the Bureau, defendants Derin Scott, David Klein, and Shannon Scott “received, directly or indirectly, funds or other assets” from World Law Group customers, after the debt settlement company collected millions in […]
Yesterday the Department of Education released new policy direction for the servicing of federal student loans. The policies were outlined in a memorandum from U.S. Under Secretary of Education Ted Mitchell to Federal Student Aid (FSA), which will implement the policy directives to strengthen student loan servicing during the ongoing procurement process. According to the announcement, these policies were developed in […]
CFPB argues that concrete harm occurred in FCRA case remanded by Supreme Court to Ninth Circuit.
The CFPB has just announced a field hearing in Sacramento, Calif., about debt collection. The hearing will take place on Thursday, July 28 at 11 a.m. PDT (Location to be announced). This was expected, as the Bureau has been making plans for the next phase in debt collection rulemaking, the SBREFA hearing.
The Consumer Financial Protection Bureau (CFPB) is moving forward with its case against World Law Group, asking a Florida federal court this week to issue a default judgment against several affiliates of the debt settlement company. The CFPB is asking the U.S. District Court of the Southern District of Florida to issue a judgment against […]
The Consumer Financial Protection Bureau (CFPB) Office of Consumer Response sent a notice today to those registered as their company’s point of contact (Company POC), explaining that they are changing the way they distribute “Daily Digest” reports. According to the notice, “As part of our continued work to make the CFPB Company Portal more useful to […]
insideARM has learned from multiple industry sources that the CFPB has scheduled the next step in debt collection rulemaking, the Small Business Regulatory Fairness Enforcement Act (SBREFA) hearing, for the week of August 22, 2016.
Both the FTC and the CFPB filed comments to the May 6, 2016 FCC Notice of Proposed Rulemaking related to the TCPA. We would have liked to have seen more specific suggestions, especially from the CFPB, which has been studying the topic for years now.