An FDCPA case dismissal was heard earlier in the year by the Sixth Circuit Court of Appeals. The appellate panel recently decided the case, upholding the dismissal of the case brought by a consumer against a debt collector, but finding some issue with one of the reasons.
With the CFPB’s rulemaking announcement only a few days old, many members of the debt collection industry are getting their ducks in a row to take advantage of a rare opportunity to influence regulations.
The Consumer Financial Protection Bureau (CFPB) today published debt collection complaints it has been collecting since July 10. The data was made publicly available in the Bureau’s Consumer Complaint Database.
ARMing Heroes, the collection industry’s charity for military veterans, today sent out a final plea for donations for its fourth annual No Debts for Vets Charity Fundraising Drive.The charity has already raised tens of thousands of dollars for vets this year alone, most of which will be disbursed through direct grants payable to the creditors of grant recipients, just in time for the holidays.
The Consumer Financial Protection Bureau (CFPB), announced Wednesday that it has started to exercise its rulemaking authority by formally issuing an Advance Notice of Proposed Rulemaking for debt collection. The Bureau is seeking feedback from the public on any rules it may make to govern debt collectors.
The Office of the Comptroller of the Currency (OCC) late last week issued a lengthy bulletin designed to provide “guidance to national banks and federal savings associations (collectively, banks) for assessing and managing risks associated with third-party relationships.”
In the spirit of Twitter’s anticipated IPO, a company whose success is predicated on short bursts of content, I offer you quick bursts of the top predictions I recently made in a webinar.
Minnesota Attorney General Lori Swanson Wednesday filed a lawsuit against a Florida debt buyer that purchased millions of charged-off customer accounts from large banks, and then allegedly manufactured affidavits to aid in the collection of those accounts from individuals and businesses.
Attorneys who practice debt collection and other areas of creditors rights are faced with unique ethics and professional responsibility issues. Couple that with heightened scrutiny from regulators, creditors, and the CFPB, and these responsibilities stand out in sharp relief. The industry has a renewed focus on compliance.
Weltman, Weinberg & Reis Co., LPA (WWR) is pleased to announce that Alan H. Weinberg, Managing Partner of its Real Estate Default Group, will receive an award as a Community Champion from Care Alliance at its annual fundraiser on Nov 9, 2013.