The CFPB is in the process of completing its final rule intended to ban the inclusion of medical debts in credit reports, bureau Director Rohit Chopra said at a White House session intended to focus on practices in the medical debt collection industry.
The Supreme Court has granted certiorari in McLaughlin Chiropractic Associates v. McKesson Corporation (No. 23-1226) to address whether the Hobbs Act requires district courts to follow the FCC’s interpretation that the TCPA does not prohibit faxes received via “online fax services.” This case revisits a key question left unresolved in 2019’s PDR Network v. Carlton & Harris Chiropractic about the binding nature of FCC orders in TCPA litigation.
A bunch of folks have been asking me whether you can display the name of the seller (lead buyer) after the consumer signs the consent form. The answer is NO (or at least, probably not and I wouldn’t risk it.)* The new reg requires consent to be provided to an “identified seller.” And the agreement for consent has to provide the identified seller–which highly suggests you cannot provide the identity of the seller AFTER the agreement is signed.
A CFPB Circular from June bears additional scrutiny from across the financial services spectrum. Despite most courts allowing “savings” clauses in contracts, the Consumer Financial Protection Bureau (CFPB) indicates that the inclusion of such provisions that are deemed “unenforceable” would render a contract unfair, deceptive, or abusive (UDAAP).
America’s biggest banks are reportedly ready to announce the lowest lending income in two years. J.P. Morgan Chase, Bank of America, Citigroup and Wells Fargo will release their earnings in the weeks ahead, and are expected to list a combined net interest income of a little less than $62 billion, the Financial Times (FT) reported Tuesday (Oct. 8).
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