insideARM Weekly Recap – Week of March 31st, 2025
Sorting out what’s news and what’s noise can be a challenge, but that’s where insideARM’s weekly recap comes in. Our weekly recap of top stories will give you the news...
Licensing
Krasimira Nevenova / AdobeStock
California DFPI updates regulations under its Debt Collection Licensing Act
Recently, the California DFPI adopted updated regulations concerning the state’s Debt Collection Licensing Act. The DFPI established definitions and specific requirements for the term “net proceeds generated by California debtor accounts” and...
insideARM Weekly Recap – Week of March 3rd, 2025
There’s never a dull moment in the ARM industry, but it can be tough to distinguish between what’s news and what’s noise. That’s where insideARM’s weekly recap comes in. Our...
smarques27 / Adobestock
As An Arizona Licensee: Are You Following The Arizona Trust Account Rules?
The Arizona Department of Financial Services (DFS) strictly interprets Ariz. Admin. Code § 20-4-1505 as to how debt collector licensees are prohibited from trust account commingling with their operating account...
James Steidl / AdobeStock
insideARM Weekly Recap – Week of June 17th, 2024
The only thing constant in the ARM industry is change. That's why we at insideARM review all the news for you and bring you only the stories that are most...
tashatuvango / AdobeStock
Utah Court of Appeals Reverses Dismissal of Consumer Claims Based on Failure to Register Under Collection Agency Act
In a change of course, the Utah court of appeals has reversed the dismissal of a plaintiffs’ suit against a debt collector based on its alleged failure to register as...
tashatuvango / AdobeStock
Utah State Court Rejects Claim Based on Debt Collector’s Alleged Failure to Register Under Collection Agency Act
The Utah court of appeals has recently affirmed the dismissal of a plaintiff’s suit against a debt buyer based on its alleged failure to register as a collection agency prior...
tashatuvango / AdobeStock
NJ Appellate Division Holds Debt Purchaser Not Liable Under NJ Consumer Fraud Act for Failing to Obtain State License
A recent decision from the New Jersey Appellate Division comes as welcome relief for purchasers of defaulted debt. The decision, Woo-Padva v. Midland Funding LLC, concerns the New Jersey Consumer...
sebra / adobestock
Failure to Allege FDCPA Violation in State Court Leads to Tossing of Federal Suit
It can be frustrating when a consumer files a Fair Debt Collection Practices Act (FDCPA) lawsuit in federal court despite the existence of a previous or ongoing state court action...
Krasimira Nevenova / AdobeStock
Nevada Expands Collection Agency Licensing Requirements
On June 16, the Nevada governor signed SB 276 (the “Act”) to revise certain provisions relating to debt collection agencies and make amendments to the state’s collection agency licensing law....