The trend makes first-party outsourcing services more accessible to the B2B market Once focused almost exclusively on eleventh-hour contingency collections, a growing number of commercial collection agencies are collecting debts as young as 30 days past due, making the benefits of first-party outsourcing more accessible to B2B clients. This trend is fueled by business forces […]
On July 6, 2016 a federal judge in Illinois gave initial approval to a $9.25 million settlement between American Express Co., American Express Centurion Bank (together AmEx), and consumers who said the company made illegal debt collection calls and telemarketing calls to their cell phones. This case is the third significant TCPA class action settlement insideARM has reported on in the last 10 days.
The Consumer Financial Protection Bureau (CFPB) is moving forward with its case against World Law Group, asking a Florida federal court this week to issue a default judgment against several affiliates of the debt settlement company. The CFPB is asking the U.S. District Court of the Southern District of Florida to issue a judgment against […]
Pursuant to a California federal judge’s preliminary approval order filed yesterday, Citizens Bank will pay over $4.5 million to settle a class action with more than one million members who claim it violated the TCPA by allegedly calling consumers’ cellphones without their permission using an automated dialing system.
The Consumer Financial Protection Bureau (CFPB) is highlighting recent enforcement activity with the release of its latest Supervisory Highlights report. This report focuses on activities during the first quarter of 2016, showcasing supervisory actions that the Bureau says resulted in the remediation of approximately $30 million to more than 250,000 consumers. You can read the […]
On June 20 a U.S. District Court granted a creditor’s motion for summary judgment and dismissed a TCPA claim because the plaintiff had provided prior express consent to be contacted on his cellular telephone when he entered into a contract with the creditor, AND did not provide sufficient proof that the prior consent was revoked.
According to filings yesterday in Georgia federal court, Wells Fargo Bank, N.A. (Wells) will pay approximately $16.3 million to end a proposed class action alleging it illegally used an ATDS to call customers’ cellphones without their consent.
Yesterday, the U.S. Supreme Court decided not to review a Second Circuit decision that found state usury laws applied to debt that had been purchased from a national bank. The case was significant for debt buyers, as it would have simplified decisions regarding applicable interest rates.
Pursuant to a motion filed in Florida federal court last Friday, JPMorgan Chase has agreed to pay $3.75M to resolve a proposed class action in alleging the bank autodialed cellphone numbers that were reassigned from former customers to new users who hadn’t agreed to receive calls.
In a 1300+ page proposal, exclusive of attachments, the Consumer Financial Protection Bureau (CFPB) laid out its plan June 2 to force a sweeping redesign of the short-term payday, auto title, and longer-term installment lending markets. The proposed rule follows the same basic approach the CFPB foreshadowed in its April 2015 Outline of Proposals, which […]