7th Circuit Holds Verification Requirement is of Debt Collector’s Records, not Creditor’s

In Walton v. EOS CCA, 17-CV-3040, 2018 WL 1417495 (7th Cir. 2018), the 7th Circuit clarified the verification and investigation requirements for a collection agency when a consumer disputes a debt. In its March 21, 2018 decision, the court found that EOS’s investigation into the consumer’s dispute was sufficient and granted summary judgment for the agency. 

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CFPB Deferment of Enforcement Authority to States Will Lead to Increased Scrutiny

At a recent gathering of states attorneys general, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) indicated his preference that they take the lead on the enforcement of consumer protection laws along with state regulators. 

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