anonymous

FTC Moves to Publish ANPR on Fees

FTC

 

The vote at a FTC meeting last week will initiate a rulemaking on “junk fees” and comments on their impact on consumers. 10/23/2022 1:30 P.M. 3 minute read The Federal Trade Commission at its meeting Thursday voted to publish an advance notice of proposed rulemaking (ANPR) on “junk fees.” FTC Chair Lina Khan and Commissioners […]

Read More…

New York Governor Signs Bill on Student Loan Collection Fees

 

The legislation, which goes into effect April 1, 2023, prohibits state agencies from assessing additional student loan collection fees on outstanding student debts. 10/17/2022 11:00 A.M. 2 minute read New York Gov. Kathy Hochul signed legislation, S.B. 7862B, last week waiving the 22% collection fee on student-related debt. The legislation passed both the Assembly and Senate with […]

Read More…

CFPB Extends RFI on Credit Card Fees and Late Payments

CFPB green logo

 

The CFPB has set its sights on credit card fees, particularly for late payments, in a comment request now due Aug. 1. 07/26/2022 11:15 A.M. 2 minute read The Consumer Financial Protection Bureau’s recent advance notice of proposed rulemaking (ANPR) to examine credit card fees has been extended for comments through Aug. 1. “The ANPR was […]

Read More…

ACA Responds to CFPB Advisory Opinion on Payment Transaction Fees

student loan servicing

 

The opinion takes aim at common payment transaction fees, and ACA International highlighted concerns with the legality of the opinion and the bureau’s regulatory processes in media statements on behalf of members. 07/01/2022 9:45 A.M. 3.5 minute read The Consumer Financial Protection Bureau released an advisory opinion Wednesday taking aim at debt collectors’ use of […]

Read More…

Ahmed v. Richland Holdings: Court Denies Debt Collector’s Motion for Attorney’s Fees

thumbs down in a red circle

 

This case involves the debt collector’s request for fees after successfully defeating the consumers’ FDCPA claims. The court found that the consumers’ FDCPA claims, although unsuccessful, were not brought in bad faith. Therefore, the debt collector was not entitled to attorney’s fees. 02/28/2022 4:15 P.M. 3 minute read Ahmed v. Richland Holdings, Inc., No. 219CV1925JCMDJA, […]

Read More…

This site uses cookies. By continuing to use our site, you are agreeing to our use of cookies. Review our Privacy Policy for more information. You may change your preferences on how cookies are stored by reviewing the settings on your browser.

The content on this site is presented for educational, general reference, and informational purposes only; is not intended to serve as legal or other advice; is not intended to be a full and exhaustive explanation of the law in any area; and should not replace the advice of your own legal counsel. By continuing to use our site, you are agreeing to the legal disclaimers in our Terms of Use. Review our Terms of Use for more information.

Friendly Reminder

Get continued access to ACA International’s wide array of resources, which can help you become more profitable, compliant and successful.

Renew your membership today to take advantage of tools you won’t find anywhere else:

  • Discounts on seminars, products, services and events
  • Resources to strengthen your compliance department
  • Industry-specific risk management products and services
  • Participation in ACA’s online community, The Hub
    Members-only website content
  • Professional development and training opportunities, and so much more!

If you have completed your renewal, please disregard this reminder.