Up-to-date Information About Finance Institutions
The Consumer Financial Protection Bureau adopted its proposed rule barring financial companies regulated by the agency from including class action waivers in arbitration agreements as expected, and with few changes. Arbitration clauses in brand brand new contracts supplying a customer financial service or product useful link will have to add specified language indicating that arbitration may not be utilized to avoid the customer from pursuing a class action. Read On
The Ninth Circuit Holds That Enforcing The Safety Interest Just Isn’t Fundamentally Commercial Collection Agency
On Oct. 19, 2016, the Ninth Circuit held that merely enforcing a safety interest just isn’t вЂњdebt collectionвЂќ underneath the Fair that is federal Debt techniques Act (вЂњFDCPAвЂќ). In therefore keeping, the Ninth Circuit disagreed with previous choices by the Fourth and Sixth Circuits, making a split that may ultimately be remedied by the U.S. Supreme Court.
CFPB Prevails On Summary Judgment Against CashCall, Inc.
The United States District Court in Los Angeles ruled that CashCall, Inc. (više…)