| Volume 143 Number 15 |
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The People’s Lawyer’s Tip of the Day
Scammers are taking advantage of fears surrounding the Coronavirus. They’re setting up websites to sell bogus products, and using fake emails, texts, and social media posts as a ruse to take your money and get your personal information. Click here for more.
The merger between T-Mobile and Sprint is finally approved
A federal judge has given T-Mobile and Sprint a long-awaited blessing that will allow the merger of the two telecoms. U.S. District Court Judge Victor Marrero’s approval could significantly change the game and create a new valuation of $26 billion for the newlyweds. In Judge Marrero’s decision, he said that T-Mobile “has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes. The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.” The consumer world can only hope the judge is right and that the benefits T-Mobile has planned come true. These include: Click here for more.
Your Money
With savings accounts paying less than 1% interest, and the financial markets offering much higher returns, even those who are just starting can learn how to invest small amounts of money.The best way to start investing isn't one dimension, and there are many paths to follow to build your wealth for the future. Just be cautious of quick return investments. Building up your assets isn't a quick fix for money problems but a long-term path to greater financial security. Click here for more.
For the Lawyers
The Eleventh Circuit confirmed that either JP Morgan Chase nor its law firm violated the Fair Debt Collection Practices Act when Chase named the siblings of a deceased man in a state-court foreclosure action related to his home. The court found they are not debt collectors as defined by the act, the Eleventh Circuit ruled Tuesday. In an unpublished, unanimous decision, the panel affirmed a Florida federal court's finding that the claims against Chase its law firm and it law firm are not actionable under the FDCPA. The assertion from the plaintiffs that Chase collects debt that is owed to another party is wrong, the panel said. "In attempting to foreclose on [deceased borrower] Clinton Arbuckle's mortgage, Chase was acting on its own behalf and cannot be considered as attempting to collect debts 'owed or due another,'" the panel said. "Chase is the originating lender and is therefore exempt from the FDCPA's definition of 'debt collector.'" Anderman et al. v. JP Morgan Chase Bank NA et al., case number 19-13734, in the U.S. Court of Appeals for the Eleventh Circuit Click here for more.