Tue.Feb 27, 2024

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Appeals Court Affirms Dismissal of FDCPA Case

Account Recovery

The Court of Appeals for the Eleventh Circuit has upheld a lower court’s dismissal of a Fair Debt Collection Practices Act case, agreeing with the lower court that the plaintiff failed to state a claim because he did not connect the dots to show that the defendant was a debt collector as defined by the […]

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CFPB Director Rohit Chopra Releases a Statement in Response to President Biden’s Executive Order To Protect Americans’ Sensitive Personal Data

Consumer Finance

CFPB Director Rohit Chopra releases a statement in response to President Biden’s Executive Order to protect Americans’ sensitive personal data.

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Daily Digest – February 27. Suit Accuses Collector of Sending Texts After Plaintiff Filed for BK Protection; Appeals Court Affirms Dismissal of FDCPA Case

Account Recovery

Suit Accuses Collector of Sending Texts After Plaintiff Filed for BK Protection Appeals Court Affirms Dismissal of FDCPA Case Oklahoma Legislature Advances Medical Debt Collection Bill McHenry Reintroduces Bill to Create Innovation Offices Inside Banking Regulatory Agencies CAS Facilitates Seamless Sale of CCMR3 Healthcare Assets WORTH NOTING: Six essentials to make sure you have in […]

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Missouri Federal Court Dismisses Another TCPA Claim Due to Traceability Issues

TCPA

A federal judge in the United States District Court for the Eastern District of Missouri recently dismissed a claim alleging multiple violations of the TCPA’s do-not-call regulations upon finding that plaintiffs had failed to sufficiently plead the traceability element of standing. Thompson v. Vintage Stock, Inc., No. 4:23-cv-00042-SRC, 2024 WL 492052 (E.D.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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CAS Facilitates Seamless Sale of CCMR3 Healthcare Assets

Account Recovery

Philadelphia, PA – February 22, 2024 – Corporate Advisory Solutions (“CAS”) is pleased to announce the successful completion of the acquisition of “Project Heat,” a group of healthcare assets from New York-based CCMR3 by Professional Credit, a Tonka Bay partner company. CAS acted as the exclusive sell-side M&A advisor to CCMR3 in this transaction.

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McHenry Reintroduces Bill to Create Innovation Offices Inside Banking Regulatory Agencies

Account Recovery

A bill has been introduced in the House of Representatives by the chairman of the House Financial Services Committee that would require federal banking regulators to each establish Financial Services Innovation Offices within their agencies. This is the second time that Rep. Patrick McHenry [R-N.C.] has attempted this particular piece of legislation.

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The cost of interest on U.S. debt is soaring

Collection Industry News

U.S. government net interest outlays as share of GDP The U.S. government’s debt is on track to rise to $54 trillion over the next decade, according to the Congressional Budget Office. The big picture: Raw numbers don’t tell you much about whether a given level of debt is burdensome or not. The rubber-meets-road test of sustainability is how much of the nation’s resources go to service that debt every year — and the news is gloomy.

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Oklahoma Legislature Advances Medical Debt Collection Bill

Account Recovery

A medical debt collection bill has advanced out of committee in the Oklahoma legislature and will now head to the full state house for its consideration. The bill would require healthcare providers or third-party debt collectors to include an itemized list of the charges when filing a collection lawsuit, among other requirements.

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Member Spotlight: Reaching New Heights

NACM

NACM's Professional Certification Program gives credit professionals an opportunity to gain expertise and prosper in the credit field. Each certification provides the tools for credit professionals need to refresh their skills and learn new ways to complete day-to-day responsibilities. With six levels of certification, credit professionals can.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Suit Accuses Collector of Sending Texts After Plaintiff Filed for BK Protection

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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A Reference Guide of the Employee Number Thresholds Triggering the Applicability of Popular Federal Employment Regulations

Jimerson Firm

Hiring more employees for a growing business can be exciting. However, adding additional employees can change the palette of employment regulations applicable to your company. In the intricate landscape of federal employment laws, understanding which regulations apply to your company is not always straightforward. This quick reference guide will lay out a general summary of the most popular federal workplace regulations and specify how many employees must be employed at a company to trigger appl