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7th Cir. Holds No FDCPA Claim Where Consumer Failed to Prove Credit Card Transactions Were for ‘Consumer’ Purposes

The U.S. Court of Appeals for the Seventh Circuit recently affirmed a judgment in favor of two debt collectors and against a debtor for his claims arising under the federal Fair Debt Collection Practices Act (FDCPA) and the Wisconsin Consumer Act (WCA). In so ruling, the Court held that the debtor did not create a triable issue of material fact to overcome summary judgment because he failed to present sufficient evidence that the transactions comprising the credit card debt on the underlying account were for “personal, family, or household purposes,” and therefore that the debt was a “consumer debt” subject to the FDCPA, 15 U.S.C. § 1692, et seq., and the WCA, Wis. Stat. §§ 421-427.

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Understanding the CPFB's Notice of Proposed Rulemaking

The CFPB's Notice of Proposed Rulemaking clocks in at over 500+ pages. insideARM's Research Assistant NPRM work group condensed it all down to under 60.


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You Oughta Know, 26 September 2019

Welcome to You Oughta Know, a collection of links from around the internet that you should probably know about.

Federal watchdog sues Maryland debt collection company, "The suit alleges Sobota’s company has failed to ensure the “accuracy and integrity” of information it provides to consumer-reporting agencies." (WTOP)

Debt collectors using social media to reach people who owe money. "State Attorney General Letitia James is calling on the Consumer Financial Protection Bureau (CFPB) to stop debt collectors from reaching people through social media and email." (WHAM)

The impact of consumer finance reforms since the Great Recession. "In an important new article, University of Pennsylvania Law School Professor Natasha Sarin deploys original empirical research to examine the impact of key consumer finance reforms implemented in the wake of The Great Recession." (Phys.org)


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Women in Consumer & Commercial Finance Conference 2019

11 December 2019 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer & Commercial Finance – a conference and networking event for ALL women in consumer & commercial finance.

Event Details »


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