Patrick Lunsford
insideARM.com
Patrick is the senior editor of insideARM.com. Patrick edits the ARM insider and all content appearing on insideARM. His work has appeared in numerous industry trade publications. Since 2002, he has covered or broken nearly every major news story impacting the accounts receivable management industry for insideARM.com. Previously, he was at finance research and consulting firm Corporate Executive Board after initially working in publishing out of college. Patrick holds a Bachelor of Business Administration degree from the University of Georgia, the flagship school of his home state. He currently lives in Silver Spring, Maryland with his wife and two daughters.
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Recent Tweets
- insideARM: Large Settlement Announced in TCPA Class Action Against Collection Agency - autodialer + cell numbers = suit settlement http://t.co/TiHl9E0z
- insideARM: Debt Buyers, Collection Agencies: Be Clearer with Your Collection Letters - a recent court ruling demands it http://t.co/V3oWpoQX
- insideARM: Mortgages, Student Loans Temper Plunging Consumer Credit Delinquencies - no one's late on cards and cars, but houses?...http://bit.ly/JRPCFr
- insideARM: Debt collectors doing good - Collection Industry Donors Pay Off Veteran's Federal Student Loan through ARMing Heroes http://t.co/oiVIey7r
- insideARM: The Collection Equation: Seven Tips for Effective Debt Collection - making a checklist a strategy tool http://t.co/pe7JOibF
Recent Posts
Large Settlement Announced in TCPA Class Action Against Collection Agency
The attorneys representing a class of consumers earlier this week announced a significant settlement with a debt collection agency in a long running case involving automated dialers and messages used to contact consumers at cell phone numbers.
The total settlement amount will be between $1 million and $9 million.
Debt Buyer Encore Capital Group Named San Diego’s Healthiest Large Company
Encore Capital Group has been named “San Diego’s Healthiest Company” in the Large Company category. The 2012 recognition from the San Diego Business Journal was announced May 16th at an annual awards ceremony.
Mortgages, Student Loans Temper Plunging Consumer Credit Delinquencies
Consumer debt delinquencies in the U.S. have been steadily falling since 2010. Late payment rates on auto loans and credit cards are now near record lows. But the two loan types with the largest outstanding balances – mortgages and student loans – have seen delinquencies stuck at maddeningly high rates, with the possibility of further increases.
Fair Debt Collection Reform Bill Re-Introduced by Barney Frank
U.S. Rep. Barney Frank (D-Mass.) Thursday introduced another bill that would amend the Fair Debt Collection Practices Act (FDCPA) to specifically exempt debt collectors from liability when using approved language in voice mails and messages. The bill’s introduction is identical to one introduced in February, but the full text of the new bill is not yet available.
Student Loans for K-12 Education on the Rise
Education expenses are rising at colleges and universities across the country. But parents are also finding that the education bubble is engulfing private grade schools. Demand for loans to cover private K-12 education was up 10 percent in March when compared to the same month a year ago
State Supreme Court Dismisses AG Suit Against Collection Law Firm…Again
The Arkansas Supreme Court Thursday dismissed a lawsuit filed by the state’s attorney general against a debt collection law firm on the grounds that the statute the AG sued under did not cover practices of law. It is nearly identical to a decision the Court handed down just two months ago involving similar parties.
FDCPA Lawsuits Pick Up in Second Half of April, Still Lag 2011 Numbers
The number of lawsuits filed in the second half of April under the Fair Debt Collection Practices Act (FDCPA) and other consumer statutes picked up considerably compared to a slow start in the first half of the month.
Commercial Law League of America Swears in President, Announces New Business Structure
Commercial Law League of America (CLLA) and the Commercial Collection Agency Association (CCAA) will become separate entities with a distinct alignment for further business opportunities on behalf of their respective members.
Debt Collectors Settle with FTC for $3.1 million
The Federal Trade Commission (FTC) announced Tuesday that it had settled charges against a debt collection agency and its executives for $3.1 million, most of which will be suspended.
Debt Collection Execs Plead Guilty in $10 million Fraud Case: FBI
The FBI announced Monday a father/son team have pleaded guilty to conspiracy and wire fraud for their roles in a scheme that bilked clients of their prominent debt collection agency out of at least $10 million. The FBI, the IRS, and a special inspector for TARP funds contributed to the investigation.