PHOENIX–Attorney General Mayes joined a multistate coalition in submitting an amicus brief to the Supreme Court, urging the Court to overturn a decision of the U.S. Court of Appeals for the Fifth Circuit that threatens the future operation of the Consumer Financial Protection Bureau (CFPB) and the viability of more than ten years of the agency’s regulatory and enforcement actions
On May 15, ACA International filed an amicus brief supporting GoDaddy.com, LLC in an 11th Circuit case on issues of Article III standing under the Telephone Consumer Protection Act.
Americans continue to bury themselves in credit card debt this year, with the latest total balance inching close to $1 trillion. U.S. consumers now owe $986 billion on their charge cards, according to Federal Reserve Bank of New York data released Monday.
Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 26% lower than the same week one year ago.
Nearly two years after the Supreme Court’s 2021 decision in Transunion v. Ramirez, courts and litigants continue to grapple with standing issues in Fair Debt Collection Practices Act (FDCPA) cases brought by plaintiffs alleging intangible harms to reputation and privacy interests.
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