Jacksonville, Fla. -- Frontline Asset Strategies, LLC (“FAST”), a professional collection agency located in Roseville, MN, and Jacksonville, FL, participated in October’s Breast Cancer Awareness Month. On Friday, October 22nd, the “FAST Team” doned their pink to spread awareness and then banded together on Saturday, October 23rd, both in-person and remote, to participate in the Susan G. Komen Race for the Cure. The activities provided opportunities for fundraising, team participation, and comradery.
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Although California’s licensing application is due by December 31, 2021, California’s Department of Financial Protection and Innovation (DFPI) continues to propose modifications to its debt collection licensing requirements.
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On October 29, the New York Department of
Financial Services issued proposed amendments to 23 NYCRR 1, its regulation
titled “Debt Collection by Third-Party Debt Collectors and Debt
Buyers.” The proposed amendments would make significant
changes to the sections of the current regulation dealing with initial
disclosure requirements, statute of limitations disclosures, substantiation
requirements, and telephone and electronic communications. They would also align the DFS regulation with several of the CFPB’s requirements in Regulation F. Regulation F is set to become effective on November 30, 2021.
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