Home Consumer debt CFPB lawsuit for unfair debt collection practices may continue

CFPB lawsuit for unfair debt collection practices may continue

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By Katryna Perera (Dec 14, 2021, 5:57 p.m. EST) – The Consumer Financial Protection Bureau can initiate its 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 which then prevailed. “

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

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