By Joann Needleman (July 26, 2018, 5:55 PM EDT) -- On Wednesday, July 25, 2018, a U.S. district judge in the Northern District of Ohio ruled, after a four-day jury trial, that the Consumer Financial Protection Bureau failed to prove that an Ohio debt collection law firm had misled consumers by sending demand letters using the firm's letterhead. The court also found that the bureau failed to prove that the law firm was not meaningfully involved in the debt collection process. The trial brings to a close a four-year investigation and enforcement action against the law firm of Weltman Weinberg & Reis Co. LPA. More importantly, the result in this case calls into question whether the bureau should investigate or bring future enforcement actions against collection law firms....
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