The Consumer Financial Protection Bureau (CFPB) is the government agency charged with protecting consumers from unscrupulous practices. The Bureau oversees the Fair Debt Collection Practices Act (FDCPA) that provides rules governing the methods, times of day, frequency, and other aspects of contacting consumers to obtain payment of a debt.
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The Government Sponsored Enterprises (GSE) patch is likely to expire in January 2021. This change poses concerns to many individuals, as it would make access to mortgages more challenging for less qualified, but still worthy candidates.
As we continue to see service of process through social media gain widespread acceptance, there are a growing number of states where courts are open to the idea of a possible alternative means of service on defendants who are otherwise impossible to find or evasive.
The gig economy is growing and shows no signs of slowing down. Presently, close to 36 percent of the workforce engages in a variety of gig work and two-thirds of major companies use freelance contractors to reduce costs. Gig work is a huge economic driver.
Seattle-based ABC Legal named Brandon Fuller as its new chief technology officer. Fuller is also founder and CEO of Docketly, which ABC Legal acquired in 2019. ABC Legal files and serves legal documents for clients through its software and process servers.
Rising as a well-deserved pillar in our nation’s economy, the gig workforce continues to make significant contributions to the US job market and GDP. Last year, the gig economy contributed close to 5%, or $1 trillion to the U.S. GDP.