CLASS ACTION ACCUSES COLLECTOR OF OVERSHADOWING AFTER SENDING MULTIPLE MVNS
- A class-action complaint has been filed against a pair of defendants — a collection agency and a debt buyer — for allegedly violating the Fair Debt Collection Practices Act by sending two model validation notices for what appears to be the same debt on consecutive days, with one of the notices containing a settlement offer, and each notice containing a different debt by which the plaintiff had to dispute or request information about the original creditor.
- More details here.
HEALTHCARE CO. TO PAY $2.5M IN FINES, VACATED JUDGMENTS AS PART OF ENFORCEMENT ACTION WITH MASS. AG
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- February has been a busy month for Andrea Joy Campbell, the Attorney General of Massachusetts. Yesterday, she announced her third collection-related enforcement action in the last two weeks, this time fining a medical equipment supplier $500,000 and vacating more than $2 million in judgments for a number of violations, including filing lawsuits in a state District Court where 99% of the consumers did not live while also making misleading threats and failing to inform consumers of their legal rights.
- More details here.
JUDGE GRANTS MSJ FOR DEFENDANT IN FCRA, FDCPA CLASS ACTION OVER REPORTING OF SETTLED DEBT
- A District Court judge in New Jersey has granted a defendant’s motion for summary judgment in a Fair Credit Reporting Act and Fair Debt Collection Practices Act class-action case, ruling the plaintiff lacked standing to sue after having a settled debt reported to the credit bureaus as “owed in full, less the amount received for the settlement.”
- More details here.
DELINQUENCY RATES KEEP RISING, EVEN THOUGH PLACEMENT RATES CONTINUE FALLING
- The amount of outstanding debt hit $16.9 trillion at the end of 2022, with the amount of unpaid credit card debt surpassing levels set before the start of the COVID-19 pandemic, and while the volume of consumers who had debts placed with third-party collection agencies reached a new low and the average collection amount ticked downward, the number of consumers behind on their auto loan and credit card payments continued to grow.
- More details here.
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Funny Friday, part I
Funny Friday, part II
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