District of Maryland Sanctions Plaintiff and Her Counsel for Abuse of FDCPA and FCRA

Last week, insideARM wrote about an Eastern District of New York case where a judge called out the abuses of the Fair Debt Collection Practices Act (FDCPA) by plaintiffs and their counsel. It looks like the District of Maryland joins in on doing the same, this time with a suit that claims an FDCPA and Fair Credit Reporting Act (FCRA) violation.

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The State of Third Party Collections: Challenges, Trends, and Innovations

Playback of the TransUnion webinar about the state of third-party collections is now available at this link.

The third-party debt collection industry is at a crossroads: Either modernize and adopt a consumer-centric approach or continue to face headwinds. While third-party collectors may find obstacles along the road ahead, there are also opportunities — if you know where to look.

Join TransUnion’s Javier Alvarado for a deep dive into our first-ever annual report focusing exclusively on third-party debt collection: The State of Third-Party Collections 2019: Challenges, Trends and Innovations

Key takeaways include:

• How compliance and regulation has made it tough to innovate.
• Brace yourself: The biggest expense for firms is expected to grow
• The new, more effective consumer communication channels collectors are exploring as they await guidelines from the CFPB.
• Skip tracing? Batching? Speech analytics? The technologies forward-thinking agencies are deploying.

Listen now.

News and Opinion

from insideARM.com

» District of Maryland Sanctions Plaintiff and Her Counsel for Abuse of FDCPA and FCRA

» Northwood Asset Management Group Supports Haven House for the Holidays

» Clear Payment Solutions Adds Gary Beet as VP of Sales

» E.D.N.Y. Calls Out Abuse of FDCPA, Confirms 1692g Requirements Don't Apply to Subsequent Letters

» Compromise Robocall Bill Passes House; Pallone-Thune TRACED Act on to the Senate

» Pairity Awarded “Most Innovative Product” at CollectTECH19

» San Diego Selects CSS IMPACT Financial Cloud as its Debt Collections Platform

» CCPA Confusion Addressed by Commenters at Calif. AG's Public Hearing

» Registration Open for RMAI’s Annual Conference–Early Bird Price Ends December 6th

» Coast Professional, Inc. Receives Training Top 125 Award

» 5 Ways to Use Mobile Phones to Digitize Outreach in 2020

» Settlement Reveals How Expensive the TCPA is Compared to Other Consumer Statutes Like the FDCPA

» Katabat Platform to Support SoFi Omnichannel Personal Loan Collections

» Text of New Compromise “Robocall” Bill Just Released–and it's Huge!

» Support for Balanced Debt Collection Regulations From an Unlikely Source

» Debt Collector Accuses Lexington Law of Destroying Evidence in Lawsuit on Credit Dispute Letters

» CFPB, ED Sued for Failure to Oversee Student Loan Servicers

» Kaulkin Ginsberg and Commercial Collection Agencies of America Released its Member Benchmark Operating Metrics Survey Report

» CFPB Regulatory Agenda Marks Final Debt Collection Rule for 2020...And the Clock is Ticking to Avoid CRA Nullification

» Ringless Voicemail Defendant Keeps Up the Pressure With Motion to Strike Plaintiff’s Expert Report

You Oughta Know, 9 December 2019

Welcome to You Oughta Know, a collection of links from around the internet that you should probably know about.

• Elizabeth Warren Built the Consumer Financial Protection Bureau. It Became a Revolving Door. "When Sen. Elizabeth Warren (D-MA) began staffing up the Consumer Financial Protection Bureau in 2010 and 2011, she did something that appeared, at first blush, to be highly counterintuitive." (The Daily Beast)
  
• That 'Frightening' Letter From A Debt Collection Agency Could Be For Overdue Library Books. "Last year, Jonathan Cope, 40, got an alarming letter from a debt collection company called Unique Management Services. It wasn't for an unpaid student loan or late car payment, but something he didn't expect: unreturned materials he had checked out from Brooklyn Public Library last year." (Gothamist)
  
• Apple Card Beginning to Show Up on Credit Reports, APR Range Lowered. "Nearly four months after rolling out in the United States, the Apple Card is now beginning to appear on credit reports." (Mac Rumors)
  

insideARM Jobs

» Compliance Manager – National Recovery Associates, Inc. – Newark, NJ; Buffalo, NY

» Chief Compliance Officer – Coast Professional, Inc. – Geneseo, NY; East Aurora, NY

» Operations Manager – Cedar Financial – Calabasas, CA

» Vice President of Operations – Mid-South Adjustment Co Inc – Rochester, NY; Buffalo, NY

» Trainer/Training & Development Coordinator – Mintex Inc – Chicago, IL

» Business Development Director, Healthcare Collections – CBE Companies – Remote, NA

» Collections Front Line Manager – GreenSky – Crestview Hills, KY

» Remote Commercial Collectors with 3rd party experience needed Unlimited Income Potential! – Caine & Weiner – West; Southwest; Midwest; Southeast; Northeast

All Jobs

iA Strategy & Tech

10 June 2020 at 06:00 p.m.

Join the sharpest minds in credit and collections strategy. Experience the newest in industry tech live on-stage.

Event Details »

Free Reports and Webinars

from insideARM.com

» The State of Third Party Collections: Challenges, Trends, and Innovations

» Interstate Collections & Licensing

» Compassionate Phone Skill Set

» Data Security Requirements for the ARM Industry

» Operations and Compliance - A Profitable Relationship

» Board Training

View all Free Reports and Webinars