The Consumer Financial Protection Bureau (CFPB) said Tuesday that it has sued for-profit college operator Corinthian Colleges, Inc. for creating a loan program that was so complicated in structure, it actually exposed Corinthian to liability under the FDCPA as a collection agency. The company is also accused of a host of other financial violations.
New York State Courts Chief Judge Jonathan Lippman Tuesday announced the formal adoption of new rules aimed at preventing default judgments in credit card debt collection cases. Lippman claimed that the reforms “reflect the most comprehensive effort by a court system nationally to ensure a fair legal process in consumer debt litigation.”
Accounts Receivable Technologies (ART) is pleased to announce the addition of Paul Brennan as Partner and Chief Strategy Officer. His role will include expanding Business Development and Operational strategies in multiple market segments.
In a split decision, the First Circuit Court of Appeals last week upheld a lower court ruling that a collection letter send by a law firm violated the FDCPA because it gave the impression that the consumer could not dispute the debt and that payment was the only option to avoid litigation.
NPR, in collaboration with ProPublica, is running a series of articles and radio segments this week focused on the practice of wage garnishment and bank account asset seizure by debt collectors.
ABC-Amega is celebrating 85 years of providing domestic and international commercial collections and receivables management services. The company’s mission is to provide commercial credit and financial professionals with outstanding and flexible solutions for improving credit, cash flow, and customer retention throughout the world.
Debt collection law firm Frederick J. Hanna & Associates filed a motion Friday to dismiss an enforcement action initiated by the Consumer Financial Protection Bureau. The CFPB’s lawsuit accused the firm of filing too many collection lawsuits, which it said was a violation of the FDCPA.
DATE: 18 September 2014 TIME: 2.00 p.m. – 3.15 p.m. Eastern REGISTRATION LINK: https://www1.gotomeeting.com/register/378405025 Ontario Systems is hosting a free whitepaper that gives agencies a leg up when it comes to the ins and outs of a world class compliance management system. One doesn’t need an unlimited budget in order to be ahead of the game. […]
Genesys, a leading provider of customer experience and contact center solutions, has been awarded the 2014 North American Frost & Sullivan Company of the Year Award for Cloud Customer Contact Solutions. In less than a year, the company has nearly doubled recurring revenues from the cloud, with recurring revenue now approaching 60 percent of total […]
The National Consumer Law Center this week published a report calling for the CFPB to supervise larger collection agencies that focus on medical accounts, effectively changing a conclusion the Bureau had already reached with regard to healthcare debt.