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5 days ago | 
openlegalblogarchive.org | David Anthony
According to a recent report by WebRecon, court filings under the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), the Telephone Consumer Protection Act (TCPA), and complaints filed with the Consumer Financial Protection Bureau (CFPB) were all down for the month.
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3 weeks ago | 
mondaq.com | David Anthony |Anna Grunseit
In the world of financial services arbitration isincreasingly being embraced as a flexible, efficient, and privateway to resolve disputes. In Australia, uptake has been slower butfor certain types of financial services disputes, arbitrationprovides a fast, confidential and efficient alternative whichfinancial institutions need to consider.
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2 months ago | 
insidearm.com | John Culhane |David Anthony
The CFPB intends to revoke its Buy Now, Pay Later interpretive rule, according to a status report and joint motion to stay filed by the Bureau and the Financial Technology Association (FTA) in a case brought by the FTA challenging the rule. The revocation is one of several steps the Trump Administration is taking to reverse Biden Administration CFPB actions.
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2 months ago | 
insidearm.com | David Anthony |John Culhane
Rochester, N.Y. —Continental Service Group, LLC d/b/a ConServe, in conjunction with the company’s “Matching Gift Program”, donated its March ConServe Cares proceeds to the American Heart Association. The ConServe team supports and funds the efforts of numerous local non-profit agencies that strive to make a difference. As a result of the employees’ compassion and generosity; countless lives have been touched and enriched in our community.
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2 months ago | 
insidearm.com | David Anthony |Brooke Conkle |Stefanie Jackman |Jon Hubbard
On March 14, the U.S. Court of Appeals for the Fourth Circuit issued a ruling addressing the obligations of furnishers under the Fair Credit Reporting Act (FCRA) to conduct reasonable investigations of disputed information, whether the disputed information be legal or factual in nature. The issue of whether the distinction between “legal” and “factual” disputes is relevant under the FCRA has been hotly contested in recent years.
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2 months ago | 
openlegalblogarchive.org | David Anthony |Stefanie Jackman |Ethan G. Ostroff |Mary C. Zinsner
On March 11, the U.S. Court of Appeals for the Fourth Circuit affirmed the district court’s denial of a motion to compel arbitration in two class-action lawsuits. The decision potentially has far-reaching implications for the enforceability of arbitration clauses in consumer contracts, particularly those involving unilateral modification provisions. Case BackgroundThe appellants are companies that market and service credit card accounts on behalf of the credit-card issuing banks.
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2 months ago | 
lexology.com | David Anthony |Stefanie Jackman |Ethan G. Ostroff |Mary C. Zinsner
On March 11, the U.S. Court of Appeals for the Fourth Circuit affirmed the district court’s denial of a motion to compel arbitration in two class-action lawsuits. The decision potentially has far-reaching implications for the enforceability of arbitration clauses in consumer contracts, particularly those involving unilateral modification provisions. Case BackgroundThe appellants are companies that market and service credit card accounts on behalf of the credit-card issuing banks.
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2 months ago | 
lexology.com | David Anthony |Stefanie Jackman |Ethan G. Ostroff
On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. and its associated entities and individuals. The court order aims to halt the defendants’ alleged deceptive and abusive debt collection practices.
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Feb 13, 2025 | 
insidearm.com | Ballard CFS Group |David Anthony
As we previously blogged about, Acting Director Scott Bessent circulated a message throughout the CFPB on February 3 directing “…all employees, contractors, and other personnel of the Bureau:Not to approve or issue any proposed or final rules or formal or informal guidance. To suspend the effective dates of all final rules that have been issued or published but that have not yet become effective. Not to commence, take additional investigative activities related to, or settle enforcement actions.
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Feb 13, 2025 | 
insidearm.com | David Anthony |Ballard CFS Group
Sacramento, Calif. — The Receivables Management Association International celebrated its 28th Annual Conference in Las Vegas, February 10-13, 2025. RMAI took the opportunity to present its annual awards as part of its Annual Business Meeting, recognizing leaders in the receivables management industry. RMAI’s Annual Conference is the premier event for the industry, with more than 1,500 attendees this year.
