Advertisement
Debt collection law firms, also known as creditor’s rights law firms, focus on the collection of debt through the court system. While traditional collection agencies are not authorized to file lawsuits against debtors, collection attorneys specialize in taking debt cases to court to try to obtain court-ordered judgments against debtors.
In addition to teams of legal professionals, many collection law firms have extensive collection operations that conduct more traditional debt recovery activity.
ARMing Heroes is pleased to announce that Coast Professional, Inc. has been recognized as the first ever recipient of the organization’s newly-minted Corey Davis award for 2013, given out annually to companies that go “above and beyond the call of duty” to raise awareness and money for military veterans facing financial difficulties.
AMG Financial Services, LLC, a fast growing master servicer of receivables, whose principals are industry veterans, Michael Chiodo and John Hill, is pleased to announce the company’s strategic alliance with Jeffrey A. Schreiber and The Schreiber Law Firm, PLLC, for the purpose of providing a complete range of collection services.
So, where does this leave us and what does all of this mean? Clearly, the TCPA and the interpretation thereof are in flux. Creditors and debt collectors have come to rely upon the 2008 FCC ruling as a means in which to establish prior express consent under the TCPA. Mais now holds that neither a creditor nor a debt collector have consent to call a cell phone number via automated dialing equipment or to leave prerecorded messages under the TCPA merely by obtaining a phone number provided on a credit application.
A United States District Court recently concluded that certain states’ judicial structures provide that the Circuit Courts are considered “judicial districts” for purposes of the required venue provisions in the Fair Debt Collection Practices Act, 15 U.S.C. § 1692i, but township small claims courts are not.
California Attorney General Kamala Harris Thursday announced that her office has filed an enforcement action against JPMorgan Chase & Co. alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians.
The suit alleges that Chase engaged in widespread robo-signing of court documents in debt collection cases, among other practices, to commit abuses against approximately 100,000 California credit card borrowers over at least a three-year period.
On October 15, 2013, collection attorneys, judges, scholars and subject matter experts will assemble at The George Washington University Law School in Washington D.C. for a “Legal Symposium on Consumer Debt Collection” presented by the National Association of Retail Collection Attorneys (NARCA).
A district judge in Maryland last month dismissed a potential class action lawsuit against a debt buyer due, in part, to a rejection of the notion that a technical error constituted a violation of the Fair Debt Collection Practices Act (FDCPA). Another claim that tried to piggyback on the widely-publicized “robo-signing” issue with debt collection lawsuits was also rejected.
I was surprised when DBA International asked me to write an article for DBA the Magazine about business success. There are so many factors that lead to business success. But I whittled the list down to six core concepts.
The Federal Trade Commission and the Consumer Financial Protection Bureau will co-host a roundtable on June 6, 2013, to examine the flow of consumer data throughout the debt collection process. The roundtable’s official title is “Life of a Debt: Data Integrity in Debt Collection.”
There is currently some unique legislation that is before the General Assembly of Tennessee that will benefit debt buyers and banks in TN if it is passed in the next few weeks