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.
Credit card giant American Express last week saw a judge in Illinois deny its motion to dismiss a TCPA class action lawsuit that argues the financial services company is directly liable for damages under the statute even though it did not make the calls in question.
A bill introduced in the New York State Senate last week would make it illegal for debt collectors and original creditors to use social media in their collection efforts. The bill uses vague language in its prohibitions, but its intent is very clear.
DBA International extends a sincere thank you to its 18th Annual Conference sponsors who continue to help DBA host its “must-attend” conference featuring prominent speakers, quality educational sessions and numerous networking and business development opportunities. Annual conference sponsors included: Globetrotter DebtTrader FLOCK Specialty Finance LexisNexis Neustar, Inc. Trailblazer Akerman Javlin Capital KirkpatrickPrice Locate Smarter Additional […]
The CFPB’s Consumer Advisory Board (CAB) meeting in Washington, DC Thursday was used as a platform to reiterate the Bureau’s focus on matters dealing with consumer credit reporting and medical debt, specifically how it is collected and appears on credit reports.
A federal judge recently noted in an opinion that the FDCPA is not a game, admonishing a consumer and their attorney for bringing a lawsuit against a collection agency. But a recent class action settlement, combined with others similar to it every day, show that the statute is the playing field in a big game between ARM firms and plaintiffs attorneys.
The percentage of Americans with at least one account in the third party debt collection system fell to a post-financial crisis low in the fourth quarter of 2014, according to a report released Tuesday by the Federal Reserve Bank of New York. The average balance of accounts in collection also fell for a second straight quarter.
A federal district judge in California last week granted summary judgment to the defendant in a TCPA case that hinged on whether the company was using an “automatic telephone dialing system” (ATDS) under the statute. While not an ARM industry case, the ruling explores present vs. potential capacity in an ATDS.
Ohio Attorney General Mike DeWine announced Wednesday that his office has filed a lawsuit against a Buffalo, N.Y. collection agency with accusations including the impersonation of Ohio government agencies and threats of arrest. The firm allegedly spoofed caller IDs to make it appear the calls were coming from real government office numbers.
Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit.
A collection agency that saw a Sixth Circuit Court of Appeals decision go against it last month has filed a petition for rehearing and rehearing en banc with the Court. The case involved a settlement offer on a time-barred account. The collector initially won the case and the Sixth Circuit reversed that ruling in a split decision that carried a strong dissent.