Collection Industry News

OCTOBER 25, 2021

The CFPB’s supervisory authority over service providers was granted under Title X of Dodd-Frank and then clarified in later guidance ( See CFPB Compliance Bulletin and Policy Guidance 2016-02 ).

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Collection Industry News

SEPTEMBER 6, 2022

OverPower Marketing, LLC, September 02, 2022. 2016 was the first year that debt collection in Tampa, FL and in the US has received more complaints than identity theft. The Preferred Group of Tampa, a collection agency in Tampa, FL, has announced that they are addressing the common complaints regarding debt collection. David Kelley.

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Troutman Sanders

MAY 6, 2022

The subject plaintiff allegedly suffered identity theft that she discovered in 2016. App’x 897, 901-02 (11th Cir. By contrast, the CFPB’s brief asks the Eleventh Circuit to “clarify that furnishers are required to conduct reasonable investigations of both legal and factual questions posed in consumer disputes.”. 1] E.g. , Leones v.

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Consumer Financial Services Law

NOVEMBER 2, 2016

CFPB Bulletin 2016-02. According to the CFPB, the amendment was necessary to “clarify that the depth and formality of the risk management program for service vendors may vary depending upon the service being performed – its size, scope, complexity, importance and potential for consumer harm.”

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Consumer Financial Services Law

SEPTEMBER 5, 2016

15-4968 , 2016 U.S. at 50097-02, 50108. A Pennsylvania district court has recognized that a benign language exception exists under 15 U.S.C. 1692f(8) and may be applied to barcodes under appropriate circumstances. Anenkova v. Van Ru Credit Corp. , LEXIS 108950(E.D. Convergent Outsourcing , 765 F.3d 3d 299 (3 rd Cir. 1692f(8).

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Fico Collections

OCTOBER 1, 2022

Tue, 07/02/2019 - 20:36. To help make roads safer, FICO launched the FICO® Safe Driving Score in 2016 in partnership with eDriving, a Solera company and global risk management leader emphasizing proper education and reinforcement of safe driving behaviors. FICO Safe Driving Score Measures Driver Risk. FICO Admin. by Can Arkali.

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Consumer Financial Services Law

MAY 25, 2021

CFPB Bulletin 2012-03; see also CFPB Bulletin 2016-02. The CFPB has always understood and contemplated the use of third-party vendors. As early as 2012, the CFPB recognized that the use of service providers “is often an appropriate business decision.”

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