Alexa Kissinger is a student at Harvard Law School.
The Consumer Financial Protection Bureau released an outline of proposed regulations aimed at strengthening debt collection rules. The first effort to significantly govern debt collection in 40 years, the outlined proposal provides the first public glimpse of how the CFPB is planning to move forward in the debt collection rulemaking process. According to The New York Times, under the proposed regulations, debt collection companies will have to more fully document the debt they are trying to collect, make it clear how a consumer can dispute the debt, and adhere to state statutes of limitations that bar them from pursuing older debts. Additionally, collectors would be barred from trying to contact individuals who owe money more than 6 times per week, and after a debtor dies, collectors would have to wait 30 days before contacting family members about paying up. Although the proposals only cover third-party debt collection issues, the CFPB also indicated that it plans to address outstanding issues such as first-party debt collectors and creditors at a later date.
The number of Americans filing new applications for jobless benefits rose more than expected last week. Initial claims for unemployment benefits, a proxy for layoffs across the U.S., rose by 14,000 to a seasonally adjusted 266,000 in the week ended July 23, according to the Labor Department. However, according to The Wall Street Journal, economists believe the underlying trend continues to point to sustained labor market strength.
China’s Cabinet issued its first rules for ride-sharing apps, encouraging local officials to promote the burgeoning industry, and affirming the legal status of Uber and local competitors. After years of tension with regulators, including office raids by Chinese police and legal challenges to their business model, Uber and its Chinese competitors welcomed the official endorsement. The Cabinet set guidelines for registration, fares, employment of drivers and payments, but is giving cities and local authorities leeway to work with the industry across the country.
Daily News & Commentary
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September 17
A union argues the NLRB's quorum rule is unconstitutional; the California Building Trades back a state housing law; and Missouri proposes raising the bar for citizen ballot initiatives
September 16
In today’s news and commentary, the NLRB sues New York, a flight attendant sues United, and the Third Circuit considers the employment status of Uber drivers The NLRB sued New York to block a new law that would grant the state authority over private-sector labor disputes. As reported on recently by Finlay, the law, which […]
September 15
Unemployment claims rise; a federal court hands victory to government employees union; and employers fire workers over social media posts.
September 14
Workers at Boeing reject the company’s third contract proposal; NLRB Acting General Counsel William Cohen plans to sue New York over the state’s trigger bill; Air Canada flight attendants reject a tentative contract.
September 12
Zohran Mamdani calls on FIFA to end dynamic pricing for the World Cup; the San Francisco Office of Labor Standards Enforcement opens a probe into Scale AI’s labor practices; and union members organize immigration defense trainings.
September 11
California rideshare deal advances; Boeing reaches tentative agreement with union; FTC scrutinizes healthcare noncompetes.