Recent Posts

Collectors Cited for Taking PPP Money During Pandemic

The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions. Debt collectors and payday lenders received more than $580 million …

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Chopra to be Nominated to Replace Kraninger at CFPB: Reports

Rohit Chopra is going to be nominated by President-elect Joe Biden to replace Kathleen Kraninger as the director of the Consumer Financial Protection Bureau, according to a number of reports citing anonymous sources. Chopra is currently a commissioner with the Federal Trade Commission and formerly worked at the CFPB as …

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Compliance Digest – January 18

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every week, …

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FCC Fines Illegal Robocaller $10M

The Federal Communications Commission has assessed a $10 million fine against an individual accused of illegally using Caller ID in violation of the Truth in Caller ID Act to spoof thousands of robocalls that spewed racist and xenophobic messages. Scott Rhodes was accused of making 4,959 robocalls during a seven-month …

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Minnesota AG Fines, Bans Student Loan Debt Settlement Company

The Attorney General of Minnesota has obtained a settlement with a student loan debt relief company that illegally collected fees from individuals and misrepresented its services that will see the company pay the state more than $11,000 and cease operations in the state. The company, Document Assist Center, is based …

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EDCA Judge Grants MTD in FDCPA Service Fee Case

A District Court judge in California has granted a defendant’s motion to dismiss a class-action lawsuit after it was sued for violating the Fair Debt Collection Practices Act when it was sued because the collection agency it placed a debt with sent a collection letter that indicated the plaintiff would …

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Getting to Know Kelly Feoli of MRS BPO

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations …

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