We have recently blogged about two other actions in which this issue has been raised (one being a declaratory judgment action filed against the CFPB on July 23, 2024 in the E.D. Tex. and the other being an enforcement actionfiled in the N.D. Tex. in which a motion to dismiss was filed on July 31, 2024).
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans and new mortgages may tip those delinquencies higher.
And in the meantime, in the effort to combat those interest payment pressures, might it be the case that buy now, pay later loans see a wider embrace by U.S. households?
Twelve new state comprehensive data privacy laws are set to go into effect over the next two years as the United States continues to catch up to foreign jurisdictions like the European Economic Area (EEA), making a total of nineteen such state laws enacted to date.
A Telephone Consumer Protection Act (TCPA) plaintiff who was neither a subscriber of the telephone number nor a customary user of the number failed to state a claim under the statute, a New York federal court has ruled.
In a move to support New Jersey families, Governor Phil Murphy signed the Louisa Carman Medical Debt Relief Act into law. This new legislation aims to help families avoid falling into medical debt and protect them from aggressive debt collectors. The act is named in honor of Louisa Carman, a dedicated member of the Governor’s Office who played a crucial role in crafting the proposal before her tragic death in a car accident at age 25.
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