The Second Circuit affirmed a decision by the US District Court for the Western District of New York finding the owners of several debt collection companies personally liable for the disgorgement of the money the companies received as a result of violating the Federal Trade Commission Act (“FTCA”) and the…
Read More »In Dr. Leevil, LLC v. Westlake Health Care Center, S241324 (Dec. 17, 2018) the California Supreme Court resolved a procedural question related to the timing of the notice that must precede an unlawful detainer action, where the action was not brought by the landlord, but rather by a mortgagee that…
Read More »On October 18, 2017, the CFPB released a set of principles expressing the CFPB’s vision of maintaining a balance in creating services based on consumer-authorized use of financial data and data aggregation. The principles are intended to apply broadly, but the CFPB indicated that they are particularly applicable to fintech…
Read More »The Illinois Supreme Court was asked to answer the certified question whether the State of Illinois may pursue a claim under the Illinois Human Rights Act against providers of loan modification servicers to distressed mortgagors under a reverse redlining theory. The Court held that the services did not fall under…
Read More »In Meeks v. Ocwen Loan Servicing LLC, No. 16-15536 (11th Cir. Mar. 1, 2017) the Eleventh Circuit Court held that a certified receipt by the borrower satisfied the acknowledgment requirement of RESPA and that any defect in the receipt did not cause a “concert injury” meaning the borrower lacked Article…
Read More »In Alexander v. AmeriPro Funding, Inc., 848 F.3d 698 (5th Cir. Feb. 16, 2017) the Fifth Circuit held that a lender is not guilty of violating the Equal Credit Opportunity Act (ECOA) because of an alleged policy not to buy loans in the secondary market that rely on a borrower’s…
Read More »The Eight Circuit in McKeage v. TMBC, LLC, 847 F.3d 992 (8th Cir. Feb. 13, 2017) affirmed a judgment of $24 million on behalf of a class against a national retailer for charging a fee to prepare the sales contract and other legal documents. As part of a contract to…
Read More »Plaintiff’s FDCPA complaint in Benali v. AFNI, Inc., No. CV 15-3605-BRM-DEA (D.N.J. Jan. 4, 2017) asserted two causes of action: a violation of § 1692e by including in a collection letter a false and deceptive reference to a processing fee for payments made electronically and a violation of § 1692f(1)…
Read More »In Woerthwein v. Midland Credit Mgmt., Inc., No. 1:16-CV-4058 (N.D. Ill. Oct. 24, 2016) an Illinois district court held that the FDCPA’s “competent lawyer” standard does not apply when the debtor is an attorney. Plaintiff, an attorney, brought an FDCPA suit over two dunning letters related to unpaid credit card…
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