CRC to NYC DCWP: Proposed Rule Misses the Mark, is Unclear, and Will Harm Consumers

The New York City Department of Consumer and Worker Protection (DCWP) continued its years-long attempt to update its Rules Related to Debt Collection (Rule). According to the Consumer Relations Consortium (CRC), the proposed update will create unnecessary consumer confusion, unreasonably burden debt collectors with little to no countervailing benefit to consumers, and create other negative unintended consequences.

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Executive Appointment: Phillips & Cohen Promotes Saima Hassan to Global Chief Of Staff

WILMINGTON, Del -- Phillips & Cohen Associates, Ltd. (PCA), the global leader in deceased account care servicing and estate technology solutions, servicing clients in the United States, Canada, United Kingdom, Ireland, Australia, New Zealand, Spain, and Germany is pleased to announce the promotion of Saima Hassan to Chief of Staff to the CEO.

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Appeals Court Could Overturn Credit Card Dispute Provisions For All Issuers

A case pending in the Fourth Circuit Court of Appeals could upend the enforceability of dispute provisions found in a majority of consumer credit card agreements used by nearly every issuer in the United States today.  The Plaintiff in the Bailey matter asserts that both the arbitration agreement and the class action waiver provisions in her typical credit card contract are not binding agreements because the creditor could modify the terms. The Federal District Court denied the creditor’s motion to arbitrate the case which prompted an interlocutory appeal to the Fourth Circuit Court of Appeals.

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January Closes a $12 Million Series B to Help Americans Get Out of Debt.

NEW YORK, N.Y. -- January Technologies, Inc. (“January”) announced that it has raised $12 million in Series B financing, preempted and led by existing investor IA Ventures. Existing investors Brewer Lane Ventures, Third Prime, and Reciprocal Ventures, along with new investors such as Upper90, Shrug Capital, and numerous strategic angel investors, joined IA Ventures in the current round. The current round follows January’s $10 million Series A fundraise in 2022.

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CFPB Bites of the Month - November 2023 - Giving Thanks to the CFPB

The CFPB had a busy November. In this article, we'll share some of our top CFPB "bites" of the month so you can stay on top of recent developments.

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IC System Becomes DebtNext’s First Accredited Partner

ST. PAUL, Minn-- IC System is proud to announce that DebtNext has made our company the inaugural member of its dPlat Partner Accreditation Program. As the first accredited company under the new program, IC System is a trusted partner for creditors looking to select a collection agency and integrate their past-due inventory using DebtNext's comprehensive recovery management platform.

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ARM Industry Legal Trends to Know Now

5 December 2023 at 02:00 p.m.

The legal landscape in the ARM industry is constantly changing. It can be difficult to wade through it all and determine what is important and what steps need to be taken to stay ahead of the curve.

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