insideARM today announced the appointment of industry veteran Timothy J. Bauer to the newly created position of President. The appointment is part of an overall strategy to broaden the scope of products and services provided by the company.
The debt industry will almost surely see significant regulatory — and even legal — changes this year when the CFPB issues its new rules. But there are some more immediate changes that have already gone into force or will be very soon.
In a ruling bound to increase compliance concerns for purchasers of bad debts and collection law firms hired to enforce judgments against consumers, the United States Court of Appeals for the Fourth Circuit in Powell v. Palisades Acquisition XI, held that the filing of an assignment of judgment is a collection action subject to the Fair Debt Collection Practices Act (FDCPA).
On December 18, 2014, the United States District Court for the District of Columbia (Case No. 13-1111) ordered consumer attorney Reid D. Henderson to pay almost $7,000 in attorney fees as sanctions for his repeated failures to comply with Court orders in a Fair Debt Collection Practices Act (FDCPA) suit.
Ask any collection agency executive about their top three compliance issues, and “voicemail messages” will most likely be among them. The reason? The FDCPA can present agencies with a real Catch 22. But the Zortman case offers an intriguing workaround with specific language.
The New York State Department of Financial Services announced recently revised debt collection regulations, culminating more than a year of proposals and comments. While the new regulations provide clarity and consumer protection in some areas, they are fraught with ambiguities and overlap existing laws in several key aspects
New York State’s Department of Financial Services Wednesday announced the formal adoption of new debt collection regulations that place new specific disclosure and written communication requirements on third party debt collectors and debt buyers. In addition to new requirements, the rules also create a structure for the use of email in debt collection efforts.
National Recovery Service (NRS) and First Collection Bureau (FCB) — Russia’s leaders in collection services outsourcing and debt purchase — today announces a strategic partnership at the shareholder level.
insideARM today announced the addition to its staff of Terri Haley as Director of Compliance, and the promotion of Mike Bevel to Director of Education. These changes are part of an overall strategy to provide deep and specific educational content as well as peer networks to the ARM industry.
Shermeta Law Group, P.C. — formerly known as Shermeta, Adams & Von Allmen, P.C. — announces the recent addition of Mr. Gregory R. Dye to their staff. Mr. Dye will succeed Douglass H. Shermeta as President of the firm. He joins the firm with sixteen years of experience in the collection industry.