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SDNY JUDGE DISMISSES FDCPA CASE OVER DISPUTE LANGUAGE IN LETTER A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because of the language it used in a collection letter to indicate the …

The California Department of Financial Protection and Innovation (DFPI) yesterday announced it has hired a leading consumer advocate to run its Office of Financial Technology and Innovation, with the mandate to create a “national model for fostering responsible innovation” for entrepreneurs developing financial products and services in the state. The …

A District Court judge in Tennessee has denied a plaintiff’s motion for a temporary injunction seeking to block the enactment of an interim final rule saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, determining that the …

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because of the language it used in a collection letter to indicate the methods in which the plaintiff could dispute the validity of …

A District Court judge in Massachusetts has been asked to sign off on a settlement between the Consumer Financial Protection Bureau and a debt settlement company that was sued for allegedly engaging in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher …

SEVENTH CIRCUIT ATTACKS STANDING AGAIN, BUT JUDGES NOW WONDERING IF COURT WENT TOO FAR The Court of Appeals for the Seventh Circuit has weighed in on standing in yet another case, this time affirming a lower court’s dismissal of a Fair Debt Collection Practices Act lawsuit against a collector, but, …

Cedar, a startup created to help modernize the healthcare billing and collection process, which has valued at more than $3 billion, is now setting its sights on the insurance side of the transaction, after it was announced that the company is spending $425 million to purchase OODA Health. By putting …

The Court of Appeals for the Ninth Circuit on Friday denied a petition from one of its own judges to hold an en banc rehearing of the case of CFPB v. Seila Law, arguing that while David may have slayed the giant before the Supreme Court, the Ninth Circuit has …

The Court of Appeals for the Seventh Circuit has weighed in on standing in yet another case, this time affirming a lower court’s dismissal of a Fair Debt Collection Practices Act lawsuit against a collector, but, for the first time, judges within the Seventh Circuit are showing signs that maybe …

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FRANKLIN, MA – May 13, 2021 – Interactions, one of the world’s largest standalone conversational artificial intelligence (AI) companies, today announced that Aargon Agency, a leading accounts receivable management (ARM) company that works with major hospital systems and medical offices, is deploying an Interactions Virtual Collection Agent (VCA) to drive revenue recovery …

HOUSE PASSES DEBT COLLECTION REFORM BILL The House of Representatives yesterday passed H.R. 2547, the Comprehensive Debt Collection Improvement Act, a collection of bills aimed at reforming how debts are collected in the United States. The bill passed by a vote of 215-207 and now heads to the Senate for …

The House of Representatives yesterday passed H.R. 2547, the Comprehensive Debt Collection Improvement Act, a collection of bills aimed at reforming how debts are collected in the United States. The bill passed by a vote of 215-207 and now heads to the Senate for its consideration. The bill, which was …

A day after it was reported that more consumers are paying off their credit balances than at any point this century, a number of financial institutions are planning on sharing data to help consumers without credit scores gain access to credit cards and other types of loans, according to a …

RMA International sees no reason the effective date of Regulation F — the Consumer Financial Protection Bureau’s debt collection rule — needs to be delayed for 60 days as proposed by the regulatory, because its members will be ready to comply with the rule on November 30, as originally proposed. …