SCOTUS unanimously agrees in its June 12, 2017, ruling that a bank that collects on debts it has bought and holds for its own account is not a debt collector under the Fair Debt Collection Practices Act.
The U.S. Court of Appeals for the 3rd Circuit held that TISA/APY violations resulted from the way a financial institution disclosed a rate that was only applicable for a portion of the year.
(Court Of Appeal Of The State Of California, Second Appellate District, Division Four)
This update was provided by Howard Lax of Lipson, Neilson, Cole, Seltzer & Garin, P.C.
The 10th Circuit U.S.
Reversal of Lopez Case on Social Security Offsets
Prior articles (now updated due to the court's reversal of its decision):
Offsets Against Social Security Payments
A California Appellate Court Decision which held the enforceability of a dragnet clause in a loan agreement was dependent on the reasonable expectations of the parties.
The Fifth District California Court of Appeal held that the Notice of Servicing Transfer Requirements of RESPA and Regulation X were violated when the notice was mailed to the address shown on the note and deed of trust and not to the current addr
The 5th Circuit U.S.