FDCPA CLASS ACTION FILED AGAINST LAW FIRM, DEBT BUYER FOR NOT HAVING PROPER LICENSE, FAILING TO MENTION INTEREST ACCRUAL IN LETTER
- A class-action lawsuit has been filed in New Jersey by a plaintiff who claims that a debt buyer allegedly violated the Fair Debt Collection Practices Act because it did not have the proper license to authorize a collection law firm to try and collect on a judgment in that state and that a letter sent to the plaintiff by one of the defendants did not properly disclose that interest and other fees were accruing on the debt. The lawsuit also attempts to hold the debt buyer vicariously liable for the alleged violations that may have been made by the collection law firm.
BILL INTRODUCED IN OHIO TO LEGALIZE DEBT SETTLEMENT
- A bill has been re-introduced in the Ohio legislature that would allow debt settlement companies to operate in the state, but the prospects for passage this time around might be different following a state Supreme Court ruling that was issued earlier in the year.
ENCORE HIRES NEW CHIEF RISK AND COMPLIANCE OFFICER
- Encore Capital Group yesterday announced that it has hired Steve Carmichael to be its Chief Risk and Compliance Officer. Carmichael, who will report directly to Encore Chief Executive Ashish Masih, most recently was the head of enterprise and financial risk management at Discover Financial Services.
MASS. AG SINGS FAMILIAR TUNE WARNING COLLECTORS FROM TRYING TO SEIZE STIMULUS FUNDS
- Like Summer follows Spring and Fall follows Summer, so too does another round of reminders to debt collectors that stimulus funds are protected from garnishment follow the latest round of stimulus payments now being sent to individuals across the country in the form of the child tax credit.
WORTH NOTING: Here are 10 things to watch out for as the Olympics get set to kick off … Even UFC’s Dana White wants people to go back to work … Bobby Valentine is getting some high-profile donations in his quest to become mayor of Stamford, Connecticut … Going back to the office is going to be a harder transition than learning to work from home … The misconceptions about the four-day workweek … The COVID recession was the shortest recession ever … The ultimate guide to setting up your smart home … The device that works best at repelling mosquitoes. I just wish I had linked to this a few days earlier to help some now-bitten friends.
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