AccountsRecovery.net Where AR Professionals Connect

CFPB REVERSES STANCE, NOW AGREES LEADERSHIP STRUCTURE IS UNCONSTITUTIONAL The Consumer Financial Protection Bureau yesterday admitted that its leadership structure is unconstitutional, agreeing with a law firm suing the agency that the Supreme Court should hear arguments on the topic. AGENCY EXECUTIVES SHARE TIPS TO HELP HIRE THE BEST COLLECTORS …

The Court of Appeals for the Third Circuit has reversed a lower court’s ruling that a collection agency was not obligated to pay a “finder’s fee” to a networking company after winning a contract to work with the Department of Education. A copy of the ruling in the case of …

Many more comments were filed yesterday in response to the Consumer Financial Protection Bureau’s proposed debt collection rule, including those from consumer advocacy groups, collection agencies, creditors, and trade groups. At the very least, there is some value in organizing these to save you the time of having to dig …

Truth be told, anytime someone in the credit and collection industry sees a headline in a mainstream media outlet that declares: “True confessions: What it’s like to be a debt collector,” they likely cover their eyes as they scroll down the page and worry about anecdotes that portray collection agencies …

The Consumer Financial Protection Bureau yesterday admitted that its leadership structure is unconstitutional, agreeing with a law firm suing the agency that the Supreme Court should hear arguments on the topic. A copy of the brief, filed by the Department of Justice on behalf of the CFPB, in the case …

In today’s job market, individuals can be a lot pickier about where they work. Hundreds of resumes that are submitted turn into a handful of viable candidates who actually show up for the interview, and maybe one or two people accept an offer and make it through lunch on the …

$11M SETTLEMENT IN TCPA CASE AGAINST LEXINGTON LAW RECEIVES PRELIMINARY APPROVAL An $11 million settlement has been preliminarily approved by a District Court judge in Florida related to a Telephone Consumer Protection Act case that was brought against John C. Heath Attorney At Law, PLLC, more commonly known as Lexington …

As first pointed out by Eric Troutman at TCPAWorld.com, the Federal Communications Commission has delayed the implementation of its reassigned number database to January 2020, which is four months less than the group working on the database had asked for. Last December, the FCC approved the creation of a reassigned …

A collection agency in California received a bomb threat yesterday, forcing the evacuation of more than 300 individuals. The bomb threat was called in just before noon yesterday to Performant, a collection agency with an office in Lathrop, Calif. The agency contacted authorities, and the San Joaquin County Sheriff’s Office …

An $11 million settlement has been preliminarily approved by a District Court judge in Florida related to a Telephone Consumer Protection Act case that was brought against John C. Heath Attorney At Law, PLLC, more commonly known as Lexington Law Firm. A copy of the recommendation can be accessed by …

A number of representatives from the credit and collection industry filed their comments in response to the Consumer Financial Protection Bureau’s proposed debt collection rule yesterday, and many more are expected to do so in the two days left before the comment period expires. Among those that submitted comments yesterday …

JUDGE CERTIFIES CLASS IN FDCPA SUIT OVER USE OF DEPOSITIONS IN POST-JUDGMENT COLLECTIONS A District Court judge in Pennsylvania has denied a defendant’s motion to dismiss and granted a motion to certify a class in a case in which the defendant is accused of violating the Fair Debt Collection Practices …

A new law generating consternation in California that has the potential to spread to other states across the country could impact the credit and collection industry as well as the call center industry, depending on how individuals are classified by the companies for which they work. Assembly Bill 5, known …

All of the published reports highlighting the hospital networks, especially non-profit facilities, which have been filing lawsuits against former patients with unpaid debts has made its way to Washington, D.C., and the federal government appears ready to do something about it. During a speech last week to the American Hospital …

A District Court judge in Pennsylvania has denied a defendant’s motion to dismiss and granted a motion to certify a class in a case in which the defendant is accused of violating the Fair Debt Collection Practices Act by sending deposition notices to individuals with default judgments entered against them …