On January 24, 2020, the CFPB issued a policy statement setting forth its intentions with reference to acts or practices of covered persons deemed abusive. 12 USC 5531(d) defines an act or practice as abusive if it: (1) materially interferes with the ability of a consumer to understand a term or condition of a consumer … More The Use and Abuse of Abusiveness
A big part of real estate closings in the previous century was the statutory requirement that closing documents like mortgages and deeds be signed in the physical presence of a notary in order to be valid and recordable. Massachusetts G.L. c. 222 s. 1 defines an acknowledgement as a notarial act where an individual appears … More Massachusetts And Remote Online Notarization – Here It Comes, Ready Or Not
I found this study by Transunion on the state of third party collections to be very interesting, informative and readable. The study finds that there are fewer debt collection firms and those firms employ fewer people. Certain debt collectors, however, show increased receipts, but margins are smaller. The study speculates the lower margins reflects the … More Transunion’s Perspectives On The State of Third Party Debt Collection 2019
If it was not already clear, a recent case shows courts will very carefully scrutinize violations of the Federal Fair Debt Collection Practices Act (FDCPA) and the harm alleged. In Horia v. Nationwide Credit & Collection, Inc. 2019 U.S. App. LEXIS 37548 (7th Cir.2019) Horia brought suit alleging he suffered injury to his credit rating … More A Second Bite at The FDCPA Apple
The Experian Data Breach Industry Forecast 2020 is a very good short review of what might be coming up in 2020 and what to look out for in staying secure online. Here are some of the basics, according to Experian: “- Cybercriminals will leverage text-based “smishing” identity theft techniques to target consumers participating in online … More New Cyberthreats for 2020 – Happy New Year!