APPEALS COURT AFFIRMS RULING FOR LAW FIRM IN FDCPA SOL CASE
- The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a law firm that was accused of violating the Fair Debt Collection Practices Act by suing an individual who was allegedly responsible for a medical debt incurred by his wife, before they divorced.
CFPB PUBLISHES FAQS ON VALIDATION INFORMATION, GUIDANCE ON MVN’S ITEMIZATION TABLE
- The Consumer Financial Protection Bureau issued another set of Frequently Asked Questions related to Regulation F on Friday, this time tackling the area of Validation Information and Validation Information related to Residential Mortgage Debt. The CFPB also on Friday published guidance on how collectors can use the “itemization table” in the model validation notice and offers examples of how the table might be used for different types of debts.
COMPANIES URGED TO START LICENSE RENEWAL PROCESS SOON
- The focus for many companies in the coming month will largely be on getting ready for November 30 and the enactment of Regulation F — and rightfully so — but the Conference of State Bank Supervisors last week advised companies that will be renewing their licenses via the Nationwide Multistate Licensing System (NMLS) — including debt collection companies — to start the renewal process as soon as possible to avoid licensing delays.
CFPB TAPS SUPERVISION, ENFORCEMENT UNIT CHIEFS
- The Consumer Financial Protection Bureau on Friday announced two hires who will lead what many consider to be the most important departments within the agency — supervision and enforcement. The individual hired to run the CFPB’s enforcement operation had been previously mentioned, but the individual hired to run its supervision operation may have caught some by surprise.
HOW EXPERTS ARE INTERPRETING LATEST LEGAL RULINGS
- Each week, AccountsRecovery.net publishes summaries of legal rulings that are impacting the accounts receivable management industry. But those summaries don’t necessarily provide insight into what you need to do — if anything — as a result of those rulings. For that, I turn to the experts. Every week, the top legal minds of the industry weigh in on those rulings, providing much-needed context and insight to help you better understand the rulings and be better informed when making important decisions. This week, Michael Klutho, Leah Strickland, David Schultz, Brit Suttell, and Carlos Ortiz share their wisdom with you. This series is sponsored by Bedard Law Group.
WORTH NOTING: Interesting facts about Daylight Savings Time, which ends this coming weekend … Not exactly the type of behavior you would think a Teacher of the Year would be accused of … The least affordable housing market in the United States might be in the state you think it is, but probably not the city you think … Scientists are a step closer to figuring out how young is too young for social media accounts … How to become a long-term thinker … This Christmas might be the most expensive holiday shopping season ever … Why you shouldn’t celebrate right away if you just got a raise … Are you suffering from text message anxiety?
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