JUDGE GRANTS PRELIMINARY APPROVAL OF SETTLEMENT IN FDCPA CLASS ACTION
- A District Court judge in Texas has granted preliminary approval of a settlement in a Fair Debt Collection Practices Act class-action lawsuit after a collection agency was accused of sending letters that offered individuals a limited time settlement offer on an unpaid medical debt without disclosing that the statutes of limitation had expired and were no longer legally enforceable.
COLLECTION CALLS SUBJECT OF TCPA COMPLAINT
- An individual in Florida has filed a lawsuit accusing a company of violating the Telephone Consumer Protection Act by making debt collection calls to the plaintiff’s cell phone after he had revoked consent to be contacted and told the defendant he intended to file for bankruptcy protection and asked the defendant to contact his attorney instead.
RECORD COLLECTIONS FUEL HIGHER EARNINGS AT ENCORE; CEO SHARES PERSPECTIVE ON DEBT COLLECTION RULE
- Encore Capital Group reported record collections in the third quarter in its American subsidiary, which helped boost the company’s overall net income to $73.5 million for the period, 41% higher than the same quarter last year. The company also touted its readiness to comply with the new debt collection rule from the Consumer Financial Protection Bureau and the returns it is seeing in its digital collection channels during a conference call with analysts last night. Even through the coronavirus pandemic, consumers are still “reaching out” for assistance with their financial recovery, Encore’s CEO said.
TRACED ACT WORKING GROUP PUBLISHES REPORT DETAILING ROBOCALL ENFORCEMENT EFFORTS
- A working group comprised of members from different branches of state and federal government lauded the “considerable progress” that has been made in halting the “scourge of unlawful robocalls plaguing the American public” in a report to Congress required under the Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act.
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