Collector Facing Class-Action for Allegedly Not Identifying Current Creditor in MVN
- What if the original creditor was also the current creditor to whom a debt was owed? When you send a Model Validation Notice to an individual, how would you describe the creditor in that case? A plaintiff is taking issue with the way that one collection operation did it and has filed a class-action lawsuit accusing it of violating Regulation F and the Fair Debt Collection Practices Act by describing the creditor as the original creditor and not the current one.
- More details here.
- This series is sponsored by WebRecon
Appeals Court Rules Risk of Future Harm Sufficient for Standing
- The Court of Appeals for the Second Circuit has overturned a lower court’s dismissal of a case in which it determined the plaintiff lacked standing to sue, ruling that the threat of potential future harm — at least in the context of a data breach and identity theft — is sufficient for the plaintiff to have standing to sue in federal court.
- More details here.
Judge Certifies Class in FDCPA Case Over Attempts to Enforce Judgment
- A District Court judge in New York has adopted recommendations from a Magistrate Court judge and certified a class in a Fair Debt Collection Practices Act case that has been going on for nearly a decade.
- More details here.
NFID Seeks Feedback on Upcoming Licensing Regs
- In a development that was first reported by ACA International, the Nevada Financial Institutions Divisions is seeking feedback on the impact of forthcoming regulations related to a new licensing law that was enacted in the state.
- More details here.
CAS Advises on 9th M&A Transaction in 2023
- Corporate Advisory Solutions (“CAS”) is pleased to announce the successful completion of the acquisition of ABC-Amega, Inc. (“ABC-Amega”) by Trivest Partners (“Trivest”), a prominent private equity firm. CAS acted as the exclusive sell-side M&A advisor to ABC-Amega in this transaction.
- More details here.
WORTH NOTHING: How to build your own go-bag, in case of a natural disaster … The rising temperatures across the country may be causing issues for your car … Walmart is expanding its use of drone delivery … Would you have fired this guy for doing what he did? … All you need to win the lottery is to start rescuing trapped cats … People stealing from Dollar Tree stores is causing problems for the company … The 11 factors that may determine whether you are going to develop dementia as you get older … It’s been 20 years since an American man won a big tennis tournament.
Funny Friday, part I
Funny Friday, part II
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