In part two of our in-depth look at the new regulatory environment in ARM, we look at how banks have been regulated in the past and explore the key points of focus for the CFPB.
On Friday, Feb. 21, 2014, the Federal Communications Commission posted a public notice requesting comments regarding ACA’s petition requesting clarification and revisions to rules governing the TCPA.
2014 has just begun, and U.S. district courts have already seen a 19 percent increase in Fair Credit Reporting Act filings and a 30 percent increase in Telephone Consumer Protection Act filings. At the same time, filings for violations of the Fair Debt Collection Practices Act dropped 26 percent. In January 2014, more FDCPA lawsuits […]
As the credit and collection industry’s leading advocate, ACA International held an online seminar to inform staff in state AG offices about the TCPA petition ACA recently filed with the FCC in search of clarity on behalf of association members.
A federal judge last week denied granting an amended motion for preliminary approval of a class action settlement in a TCPA case, without prejudice, on numerous grounds. Most specifically, the judge was concerned that the class included members that had accounts and did not have accounts with the defendant and how that played into consent under the TCPA.
A U.S. District Court last week dismissed a class action suit claiming violations of the TCPA for a single informational text message sent to a cell phone. While the case did not involve debt collection matters, the judge used previous ARM cases in his reasoning and focused on what constitutes “prior express consent” under the TCPA for both calls and text messaging.
On Friday, Jan. 31, 2014, debt collection industry trade group ACA International filed a petition requesting the Federal Communications Commission to adopt updates and provide much needed clarification and revisions to rules governing the Telephone Consumer Protection Act.
Castel Communications, LLC today announced the release of Castel CallPoint, a manual dial solution built on a dedicated platform.
Today we are announcing the launch of the latest portal page designed to help the ARM industry navigate the current legal and regulatory environment: TCPA Resources. The TCPA Resources area joins our recently launched FDCPA and CFPB resources pages as one-stop shops that drill down on a specific compliance topic.
Some in the debt collection industry view the impending rulemaking from the CFPB as an exercise in creating more obstacles for their business. But ARM industry leaders recognize the opportunity presented in responses to the Bureau’s advance notice of proposed rulemaking (ANPR). For once, collectors have an actual say in the direction of regulation.