Second Circuit Denies Rehearing in Third Party Debt Collector Preemption Case
The Second Circuit’s ruling does not apply where a non-bank entity is acting as an agent for the bank or where a state law interferes with the powers of a national bank.
Browsing: Debt collection
Servicing Rule Compliance Lapses Are Focus of CFPB Report
The Consumer Financial Protection Bureau yesterday issued a “Supervisory Highlights” report that outlined several areas of concern its examiners have found related to mortgage origination and servicing, fair lending and debt collection, among other topics.
Fifth Circuit Rules Texas Debt Collection Statute Not Preempted by HOLA
A Fifth Circuit ruling in Barzelis v. Flagstar Bank F.S.B. will raise questions about how to define a “borrower” under RESPA.
CFPB Lawsuit Targets Payment Processors
The Consumer Financial Protection Bureau yesterday announced it had filed a lawsuit against several individuals and companies involved in what it said was a robo-calling phantom debt collection operation.