In October 2014, consumers filed 911 lawsuits claiming violations of the Fair Debt Collection Practices Act (FDCPA), up 13.4 percent from September and an increase of 16.1 percent from October 2013. But total FDCPA lawsuits are still on track to finish well below 2013 numbers, which would mark the third straight year of declines.
Deborah Brown and Alex Mobasher are proud to announce the launch of Pacific Point Services, a Service Disabled Veteran Owned Small Business (SDVOSB). The company will be headquartered in Carlsbad, CA offering specialty collection services specifically focused on the student loan market.
The Consumer Financial Protection Bureau (CFPB) recently released two reports that shed a little light on how the Bureau is currently approaching debt collection regulation and provided a hint that any new debt collection rule proposals may be delayed well into 2015.
Account Control Technology, Inc. (ACT), a national leader in delivering debt recovery and business process outsourcing solutions, recently donated $32,014 to Susan G. Komen®, a nonprofit organization which works to end breast cancer in the U.S. and throughout the world through support for groundbreaking research, community health outreach, advocacy and programs in more than 30 countries.
ACA International, the trade association for debt collectors, and DBA International, a group that represents debt buyers, issued statements Wednesday commending federal prosecutors for bringing down a large debt collection scam operation.
The U.S. Attorney in the Southern District of Indiana announced Wednesday the arrest of the owner of a former debt collection agency and the filing of fraud and other charges related to actions he took in the financing of his company and misrepresentations he made concerning his own financial situation.
The Consumer Financial Protection Bureau (CFPB) Wednesday took its first action against a “buy-here, pay-here” car dealer over illegal debt collection and credit reporting practices.
Hollis Cobb hires David A. Prado, Esq. as General Counsel. David will serve a significant role in providing leadership and direction for Hollis Cobb’s compliance efforts.
A U.S. Circuit Court decision this summer took an extraordinary step when it held that filing a proof of claim on time barred debt is conduct that violates the FDCPA. At the time, attorneys close to both bankruptcy and FDCPA proceedings warned that it would touch off a very real firestorm in that sector of the ARM industry. That has proven to be quite true.
Delta Outsource Group, Inc. is proud to announce that Jennifer Heinzl has joined the organization, working as the Director of Client Experience.