Last week, the CFPB created a stir when it announced a Consent Order (Order) with Portfolio Recovery Associates (PRA), one of the nation's largest debt collectors and debt buyers. The 39-page Order is comprehensive. It imposes collection activity requirements not found in the Fair Debt Collection Practices Act (FDCPA) and litigation requirements typically left up to state law. It also provides insight into the CFPB’s mindset regarding collection activity, credit reporting, and what we might see proposed as rulemaking.
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RICHMOND, Va. -- Bill Gosling Outsourcing recently partnered with Rahab’s Daughters and employed 100+ call center agents to provide relief to human trafficking victims in the Ontario region. Working alongside the Mississauga Nerve Centre, Bill Gosling agents in Canada (London and Newmarket) and Costa Rica (San Jose) provided 900+ hours of support, answering a 24/7 helpline for victims/informants and coordinating with local shelters to find beds for rescued victims. Thirty-five human beings were rescued from trafficking via these efforts.
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A three-judge panel of the U.S. Court of Appeals for the Second Circuit has unanimously ruled that the CFPB’s funding structure does not violate the Appropriations Clause of the U.S. Constitution. In its decision, the panel expressly declined to follow the Fifth Circuit panel decision in Community Financial Services Association of America Ltd. v. CFPB that reached the opposite conclusion. Last month, the U.S. Supreme Court granted the CFPB’s certiorari petition seeking review of the Fifth Circuit decision and agreed to hear the case next Term.
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