In a recent Keynote Address, CFPB Director Kathy Kraninger discussed rulemaking and guidance in regards to financial services, and how the Bureau is addressing the outdated FDCPA.
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U.S. Supreme Court: Obduskey Foreclosure Case Counterarguments “Unconvincing”
The U.S. Supreme Court’s ruling in the case of Obduskey v. McCarthy & Holthus LLP will have major implications for the industry and the application of the Fair Debt Collection Practices Act.
Read More »Could Supreme Court Decision Have Vast Implications on Mortgage Industry?
The Supreme Court ruled Monday in a unanimous decision that the Fair Debt Collection Practices Act did not extend its reach to entities that purchase defaulted loans on the secondary market. The petitioners brought their case in front of the Supreme Court in an appeal of the 4th Circuit Court ruling in favor of the respondent. Justice Neil Gorsuch delivered his first opinion since his conferral to the Court.
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