Just in case there was a doubt about what the consumer bar is really after, a prolific attorney that targets the ARM industry argues that the CFPB is “ineffective” in its regulatory efforts because it doesn’t get enough money from collection agencies and debt buyers to settle consumer complaints.
The Third Circuit Court of Appeals earlier this month reversed a lower court’s ruling in a case brought against Bank of America in which the plaintiff alleged FDCPA violations on the part of a law firm collecting on BofA’s behalf. The defendants argued that the FDCPA does not apply to attorneys engaged in the practice of law, which the Circuit panel rejected.
The iA Institute, publisher of insideARM.com, is hosting the second annual ARM-U learning conference in June. This year, ARM-U has been reconfigured as a virtual event featuring six operations and compliance-focused webinars over two days.
A committee in the Oregon House of Representatives next week will consider a bill that could place extensive new requirements on debt buyers that file collection lawsuits against consumers. In a public hearing late last month, debt buyers expressed opposition to the bill as introduced noting “this legislation has very significant problems.”
Attorney General Eric T. Schneiderman Wednesday announced a settlement with a publicly traded debt buyer that the AG said was prompted by the ARM firm’s practice of “bringing improper debt collection actions against hundreds of New York consumers” specifically on debts that were time-barred under state law.
Kaulkin Ginsberg is launching KG Prime, a distinctive, member-only information service designed exclusively for the leaders of accounts receivable management (ARM) firms.
DBA International is hosting a webinar on Wednesday, April 22nd on understanding the new risks in the bankruptcy claim process. Companies that participate in the bankruptcy claims process have faced a flood of litigation since the 2014 Crawford opinion by the Eleventh Circuit Court of Appeals.
Creditors rights’ attorneys William F. Saldutti, III, Esq. and Robert L. Saldutti, Esq. have joined forces to form Saldutti Law Group, a complete creditors’ rights, collection and real estate regional law firm with locations in both New Jersey and Philadelphia.
ACA International is pleased to announce the release of its Judicial Advocacy Report, marking the association’s first full year of advocacy in the judicial branch on behalf of the credit and collection industry as part of ACA’s Industry Advancement Program.
Collection agencies, debt buyers and credit granters are often under siege, forced to defend against identical claims on multiple jurisdictional fronts, regardless of whether the claims are on behalf of an individual or a putative class. One strategy for consolidating the defense of identical claims is to file a motion with the U.S. Judicial Panel on Multidistrict Litigation (MDL) to transfer claims to a single venue.