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Report Calls for Overhaul to Minnesota Legal Collections System

Account Recovery

The Minnesota State Bar has released a report calling for an overhaul of the legal collections process in the Land of 10,000 Lakes. Consumers are too often confused about how to pay back debts and collection lawsuits disproportinately affect consumers with low-incomes and minorities.

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Boost in Legal Collections Helps Propel Profits at PRA Group

Account Recovery

The turnaround under new leadership at PRA Group is continuing — the company reported net income of $3.4 million for the first quarter of 2024, compared with a net loss of $59 million during the same period a year ago. Vikram Atal cited a new contact strategy that the company has put in place during […]

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CFPB Won’t Pursue Enforcement Action with Opportun Over Legal Collection Practices

Account Recovery

The company announced this week that it received a notification from the Consumer Financial Protection Bureau that it will not be pursuing an enforcement action against the company after opening an investigation into its legal collection practices.

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Daily Digest – May 8. Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email; Boost in Legal Collections Helps Propel Profits at PRA Group

Account Recovery

Judge Grants MSJ For Defendant in FDCPA Case Over Alleged Missing Disclosure in Email Boost in Legal Collections Helps Propel Profits at PRA Group Delayed Refunds Costs Chime Financial $5M 24 Companies Seeking Collection Talent WORTH NOTING: A list of 15 things you didn’t know your iPhone could do … Researchers have decoded the alphabet (..)

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Advocates on DFPI Debt Collection Committee Make Suggestions to Reform Legal Collections

Account Recovery

.” The two advocates — Prasad Krishnamurthy, a professor of law at the UC Berkeley School of Law, and Emma Gonzalez, the directing … The post Advocates on DFPI Debt Collection Committee Make Suggestions to Reform Legal Collections appeared first on AccountsRecovery.net.

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Daily Digest – October 13. Collector Facing FDCPA Class Action Over Undated MVN; 3rd Circuit Issues Precedential Ruling on Standing

Account Recovery

Collector Facing FDCPA Class Action Over Undated MVN 3rd Circuit Issues Precedential Ruling on Standing; Vacates Certification of Class in FDCPA Suit TransUnion to Pay $23M to Settle Enforcement Actions with CFPB Report Calls for Overhaul to Minnesota Legal Collections System WORTH NOTING: Details to get you ready for tomorrow’s “Ring of (..)

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Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter

Account Recovery

Case: … The post Judge Grants MTD in FDCPA Case Over References to Attorney Review in Letter appeared first on AccountsRecovery.net.