Collection Letter Containing Check Box to Dispute Debt Created Potential FDCPA Claims, Federal Court Rules

A collection letter potentially violated the Fair Debt Collection Practices Act (FDCPA) because a box that the plaintiff could check to indicate that she disputed the validity of the debt was accompanied by a statement that a reason for the dispute was required, a federal magistrate judge ruled.

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News and Opinion

from insideARM.com

» PRAA Reports 4th Quarter Loss

» ACA International Publishes Dispute of CFPB Consumer Survey

» Collection Letter Containing Check Box to Dispute Debt Created Potential FDCPA Claims, Federal Court Rules

» Reimbursement Strategies in an Environment of Growing Out-of-Pocket Costs and an Expanding Self-Pay Population

» RightAway LLC Announces Nashville Debt Collection Forum

» Wells Fargo to Settle Two Separate TCPA Class Actions Totaling Over $17.7M

» ERC Grows Client Solutions Team With Hiring of Customer Experience Veteran Jason Young

» Trump Signs Another Executive Order to Make Good on Promise of Deregulation

PRAA Reports 4th Quarter Loss

Yesterday PRA Group (PRAA) released it Q4 and full year financial results for 2016, and hosted a conference call for investors. The news was not good.  For the fourth quarter the company reported a net loss of $17.6 million (per share of $0.38) versus earnings per diluted share of $0.86 in the fourth quarter of 2015. For the full year, the company reported diluted earnings per share of $1.83 compared to $3.47 for the full year 2015. 

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Webinar: An Insider's Guide to the CFPB's New Complaint Portal

On 16 March 2017 at 02:00 p.m., get the details you need on the forthcoming CFPB complaint portal and how you must adapt. Register now for the new insideARM webinar, An Insider's Guide to the CFPB's New Complaint Portal. (This webinar is free to all members of the Compliance Professionals Forum.)

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