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FTC Approves Procedure for Submitting Information for Study of the Effect of Credit-Based Insurance Scores on Consumers of Homeowners Insurance

FTC Approves Procedure for Submitting Information for Study of the Effect of Credit-Based Insurance Scores on Consumers of Homeowners Insurance
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6th Circuit Uses Lack of Article III Standing to Kick FDCPA and

Two recent cases serve as reminders that lack of Article III standing remains a viable defense. 6/3/2021 10:30 AM  FDCPANewsArticle III Standing By Robert M. Horwitz Lack of subject matter jurisdiction for no standing under Article III of the U.S. Constitution is alive and well in the U.S. Court of Appeals for the 6th Circuit. Although the 7th Circuit received a lot of attention in late 2020 when it dismissed numerous cases filed under the Fair Debt Collection Practices Act for failing to allege an injury in fact sufficient under Article III of the U.S. Constitution to remain in federal court, the 6th Circuit recently used a lack of Article III standing to kick putative class actions claiming violations of the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and the FDCPA from federal court.

US Treasury Secretary Janet L Yellen To Chair Meeting Of The Financial Literacy And Education Commission

US Treasury Secretary Janet L. Yellen To Chair Meeting Of The Financial Literacy And Education Commission Date 18/05/2021 Secretary of the Treasury Janet L. Yellen will chair a meeting of the Financial Literacy and Education Commission (FLEC) on May 26, 2021. The meeting will focus on the role of financial education in reducing economic inequity.  The Commission’s vision is of sustained financial well-being for all individuals and families in the U.S. In furtherance of this vision, the Commission sets strategic direction for policy, education, practice, research, and coordination so that all Americans make informed financial decisions. Deputy Secretary of the Treasury Wally Adeyemo will moderate a discussion among experts in the field including:

Sixth Circuit Restricts Plaintiffs Standing under FACTA

Advertisement Sixth Circuit Joins Four Other Circuits in Restricting Plaintiffs’ Standing to Bring Claims under the Fair and Accurate Credit Transactions Act (“FACTA”) Friday, May 14, 2021 More than a decade ago, Congress attempted to address a novel threat that was then only in its nascent stages: identity theft.  The Fair and Accurate Credit Transactions Act of 2003 (“FACTA”) provided consumers with several tools to protect their identity, including the ability to request free annual credit reports from the three major credit reporting agencies and to place fraud alerts on their credit files if they suspected they had been the victims of identity theft.  The Act also prohibited businesses from printing more than the last five digits of a customer’s credit card number (or the expiration date) on a receipt.  Anyone who has used a credit card over the past decade has undoubtedly seen Congress’s handiwork in the truncated account number (“ 1234

6th Circ Affirms Toss Of Burger King Credit Card Receipt Suit

ADVERTISEMENT ADVERTISEMENT 6th Circ. Affirms Toss Of Burger King Credit Card Receipt Suit Law360 (May 11, 2021, 10:58 PM EDT) While a Burger King operator did technically violate the Fair and Accurate Credit Transactions Act by including 10 credit card digits on a customer s receipt, the customer did not properly allege that she was harmed, the Sixth Circuit ruled Tuesday, upholding a lower court s dismissal of her putative class action. In a unanimous, published decision, the panel said that the technical violation of FACTA by Toms King (Ohio) LLC, which owns and operates more than 130 Burger Kings in Illinois, Ohio, North Carolina, Pennsylvania and Virginia, did not appear to cause harm or present any material risk of harm to plaintiff.

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