At a symposium in midtown Manhattan Thursday, three representatives from New York City and state financial regulators provided some clarity to recently-enacted rules impacting collection agencies, debt buyers, and collection law firms operating in the state.
The partners at a collection law firm needed to make sure a particular move was in the firm’s best interests. To do so, they engaged Topline Valuation Group to determine the fair market value of the enterprise.
A long-established exception to the FDCPA’s “least sophisticated consumer” standard has been communications with consumers’ attorneys. Because how could it be argued that an attorney is not “sophisticated?” But a recent Circuit Court ruling opened new ground on that front when it found that some communications with attorneys should be held to the standard.
Marketing in the ARM Industry, no doubt, has its many differences from a national campaign, but we can still learn from larger campaigns and commercials.
The National Association of Retail Collection Attorneys (NARCA) has announced that early registration for the NARCA 2015 Spring Collection Conference in Nashville, May 6-9, is now available through March 25th. Early registration provides a discounted rate for NARCA members, non-members, credit grantors and clients.
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.
The Second Circuit Court of Appeals Tuesday in a split decision ruled that a district court was within its rights to grant class action status to a lawsuit claiming FDCPA and RICO Act violations for improper service of process in debt collection legal actions.
Within two weeks of announcing the remarkable success of its 2014 No Debts for Vets Fundraising Drive, ARMing Heroes, the collection industry’s charity for military veterans, today announced its intention to further expand its board of trustees (“the board”).
Faced with numerous challenges over recent years — including fiscal regulation, economic variability and seemingly erratic client behaviors — buyers and sellers of U.S. ARM companies have been reluctant to complete mergers and acquisitions. That is, until now.
Collection agencies and debt buyers continue to be inundated with FDCPA and TCPA lawsuits, many of which drag on through months and even years of expensive discovery and motion practice. What if there existed a single argument that could be made in many consumer cases that would successfully remove the matter from Court and likely end the case in its entirety?