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CFPB and NY AG Go After Hidden Assets of Now Defunct Debt Collection Scheme

On April 22, 2021, the CFPB announced that it filed a complaint in federal court to seize a $1.6 million home; the ownership of which it alleges was transferred fraudulently by the operator of a massive and now-defunct debt-collection scheme.

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New Webinar: Collections Tech Implementation 101

Implementing a digital collections solution takes coordination across a lot of technical and operational areas and requires a lot of specific expertise. But, it's what you don't know that can derail a critical project like this. In "Collections Tech Implementation 101," a new, 30-minute webinar from Bridgeforce, find out how to set up successful project management for new tech implementation and learn about 10 common blind-spots that sunk implementation projects at other firms. Sign up here.

 

This is part 3 of a 3-part series on best practices for vendor selection. Find out more about the full series here.

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California DFPI Issues Notice of Proposed Rulemaking Regarding Debt Collection Licensing Application and Requirements

SACRAMENTO, Calif. -- The Department of Financial Protection and Innovation has filed a Notice of Proposed Rulemaking with the Office of Administrative Law. The Commissioner of the Department of Financial Protection and Innovation, formerly the Commissioner of the Department of Business Oversight (“Commissioner”), is proposing adding the following sections to subchapter 11.3 of title 10 of the California Code of Regulations to adopt the license application and requirements to obtain a debt collection license under the Debt Collection Licensing Act (Cal. Fin. Code, § 100000, et seq.):

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UVA Health to Cancel Tens of Thousands of Judgments and Liens

On April 19, 2021, the University of Virginia Health System announced that it would be canceling a pool of judgments and liens dating back to the 1990s.  The move will apply to all liens and judgments filed against households that make less than 400% of the federal poverty level, or about $106,000 for a family of four.

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Tammy Vandenbroek Joins CCM as Vice President of Institutional Relationships

SYRACUSE, N.Y. -- Capital Collection Management (CCM), a full-service accounts receivable partner offering compassionate, compliant, and innovative revenue recovery solutions, is proud to announce that industry veteran Tammy Vandenbroek has joined the team as Vice President of Institutional Relationships.

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Absolute Resolutions Corp. Makes Donation to The Minnesota Council On Economic Education in Honor Of Financial Literacy Month

BLOOMINGTON, Minn.-- Absolute Resolutions Corp., headquartered in Bloomington, MN, announced today that in honor of financial literacy month they have made a financial contribution to the Minnesota Council on Economic Education (MCEE).

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BREAKING: 11th Circuit Holds Transmitting Data to Mail Vendor is Unauthorized Third-Party Disclosure

Last month, insideARM reported that in the case of Hunstein v. Preferred Collection & Mgmt. Servs., No. 8:19-cv-983 (M.D. Fla. Oct. 29, 2019), the 11th Circuit Court of Appeals heard oral arguments regarding whether the practice of using a mail house to send demand letters to consumers violated the Fair Debt Collection Practices Act (FDCPA). Today, the Court has given us their answer, holding that transmitting data to a mail house to generate and send demand letters to consumers does indeed violate the prohibition on third-party disclosure set forth in 15 USCA § 1692c(b).

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RESCHEDULED: Regulation F: Making the Model Validation Notice Work

29 April 2021 at 01:00 p.m.

This webinar, previously scheduled for Thursday, 22 April, has been moved to Thursday, 29 April

Join iA's Senior Director of Education, Mike Bevel, and his panel of industry experts as they ask and answer (almost) all the questions you're probably worried about with regards to the Model Validation Notice.

Event Details »