JUDGE DISMISSES FDCPA MEANINGFUL REVIEW CASE FOR LACK OF STANDING
- A District Court judge in Florida went to great lengths to spell out exactly why a plaintiff lacked standing to sue in a Fair Debt Collection Practices Act case in which she alleged a collection law firm did not engage in meaningful attorney involvement before sending a validation notice on an unpaid debt.
EXPERTS REACT TO REGULATION F DELAY PROPOSAL
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- Last week, the Consumer Financial Protection Bureau announced it was seeking to delay the enactment of Regulation F, the debt collection rule, for two months. The CFPB said it was seeking the delay to giver companies more time to comply because of the COVID-19 pandemic. AccountsRecovery.net reached out to legal and compliance experts — Rick Perr, Joann Needleman, Don Maurice, Manny Newburger, Leslie Bender, Stefanie Jackman, and Lauren Burnette — to ask for their reaction to this development and how companies in the accounts receivable management industry should react. Here is what they said.
PA. AG SETTLES WITH COLLECTOR OVER PAYDAY LOAN SCHEME
- The Attorney General of Pennsylvania announced separate settlements with the former Chief Executive Officer of Think Finance and a debt collector, National Creditor Adjusters (NCA), in relation to a $133 million allegedly illegal online payday lending scheme. As part of its settlement, NCA has agreed to pay more than $600,000 to cover the cost of the investigation and litigation.
APPEALS COURT AFFIRMS RULING IN FCRA JUDGMENT CASE
- The Court of Appeals for the Second Circuit has upheld a lower court’s ruling in favor of a defendant that was sued for allegedly violating the Fair Credit Reporting Act for how it identified a default judgment that had been subsequently settled on the plaintiff’s credit report.
READ EXPERT PERSPECTIVES ON TRENDING COMPLIANCE TOPICS
- Click here to read this week’s Compliance Digest. You’ll get insights and opinions from seven different compliance experts — Lawrence Bartel, Michael Klutho, Aylix Jensen, Brent Yarborough, Caren Enloe, Larry Laskey, and Heath Morgan — discussing the impact of recent court cases and legislative updates. You’re not going to get that kind of varied perspective anywhere else. The Compliance Digest is sponsored by The Bedard Law Group.
WORTH NOTING: I wish I had this kind of money … If I had that kind of money, what I could buy with it in Billings, Montana … The ingredient you need to produce a best-selling book or movie … Making a 7-10 split is amazing. Doing it on TV and only being 18 years old is icing on the cake … A jobs boom is on the way for the U.S. economy … The going rate for a babysitter keeps increasing … Who knew there was such a thing as tech comedians? … The most popular shows on Netflix.
When empathy backfires
Music Monday
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