Home / Daily Digest / Daily Digest – September 12. Regulators Clarify Guidance Not Same as Rules & Regs; Judge Dismisses FDCPA Case Over Language on Envelope

Daily Digest – September 12. Regulators Clarify Guidance Not Same as Rules & Regs; Judge Dismisses FDCPA Case Over Language on Envelope

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

 

REGULATORS, INCLUDING BCFP, CLARIFY SUPERVISORY GUIDANCE NOT THE SAME AS RULES & REGS

  • A number of federal regulators, including the Bureau of Consumer Financial Protection, joined together yesterday and issued a statement clarifying how supervisory guidance will be used and applied going forward, making sure to let everyone know that it has no legal bearing and should not be interpreted the same as a rule or regulation.

 

JUDGE DISMISSES FDCPA CASE OVER LANGUAGE ON ENVELOPE, USE OF OFFER SAFE HARBOR

  • A federal judge in Illinois has dismissed a case alleging a debt collector violated the Fair Debt Collection Practices Act by including language on the exterior of a collection letter envelope and a discount offer in the letter itself.

 

JUDGE DISMISSES FDCPA SUIT OVER TIME-BARRED SAFE HARBOR IN LANGUAGE

  • A plaintiff has had his class action lawsuit alleging violations of the Fair Debt Collection Practices Act dismissed after he alleged that a collection letter he received was deceptive because the “we” in “we will not sue you for this debt” was misleading, and saying “will not” still implies that the collector could have sued him, even though the debt was time-barred.

 

REP. LUETKEMEYER PROPOSES DATA BREACH NOTIFICATION LAW

  • ACA International reports about new legislation introduced by Rep. Blaine Luetkemeyer [R-Mo.], a member of the House Financial Services Committee and chairman of the Subcommittee on on Financial Institutions and Consumer Credit that aims to provide additional notifications to consumers in the event of a data breach.

 

REVSPRING AND APEX ANNOUNCE STRATEGIC COMBINATION

  • RevSpring and Apex Revenue Technologies announced today that they have entered into a definitive agreement to combine in a strategic transaction. The combined company, which will continue to conduct business as RevSpring, will be the leading provider of intelligent multi-channel consumer and patient engagement solutions, electronic and printed communications, and billing and payments solutions.

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Your mother was right about not swallowing gum

A robot that makes the perfect hamburger

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

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