Debt collection

CFPB lawsuit for unfair debt collection practices may continue

By Katryna Perera (Dec 14, 2021, 5:57 p.m. EST) – The Consumer Financial Protection Bureau can file a lawsuit alleging that 15 student loan trusts harmed borrowers through deceptive and unfair debt collection tactics, according to the decision of ‘a federal judge on Monday said the lawsuit was not yet time-barred.

Third Circuit Judge Stephanos Bibas, who has served by designation in the Delaware District Court, said in his opinion that the June 2020 United States Supreme Court decision in Seila Law v. precedent that then prevailed. “

The judges annulled an impugned legal provision protecting the director of the CFPB from dismissal for cause …

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