News in the ARM industry never stops. There’s not enough time to read every single thing, every single day, and it can be tough to figure out what’s truly relevant. That’s where insideARM’s weekly recap comes in. Our weekly recap of top stories will give you the news we found most interesting last week and more importantly- why we think it’s relevant. Last week we brought you news about a litigation win for a debt collector in a validation letter case, insights into the evolving role of compliance, and an update about a lawsuit filed against the credit reporting agencies related to medical debt reporting.
On Tuesday we brought you news from Troutman Pepper Locke detailing a litigation win for a debt collection agency in a case where a debt collector sent a consumer validation documents in response to a combined dispute/cease communication letter. In debt collection litigation, it seems new theories to create FDCPA liability are created every day, particularly when it comes to letters. Though from a District Court, opinions like this one are good to keep on hand should your organization face a similar suit or threat of suit.
On Wednesday we brought you an article from Venable, LLP discussing the evolving role of compliance during the current shift toward deregulation. Less oversight doesn’t mean less compliance. This article provides an easy-to-read rundown of how we should be thinking about compliance in this changing environment. It’s a must read for ARM industry stakeholders to stay ahead of the curve.
On Thursday we published an update from Orrick on litigation filed by a physician against the three major credit reporting companies regarding their decision to refrain from including medical debt below $500.00 on credit reports. This case is interesting because it shows the medical community’s thoughts on the cessation of including certain medical debts on credit reports. It’s something for any stakeholders collecting medical debt to watch for.
Have a question about how your company should react to the news above? We have a group for that! The weekly peer call hosted by insideARM’s Research Assistant is the perfect place to ask a question and get advice from industry colleagues who are facing the same challenges you are. Not sure if it is for you? Try it on for size with our 1-month free trial. Click here to learn more!
