March 1, 2021, Chicago, IL. — Provana, a leading provider of best-in-class technology solutions is proud to announce the release of the Provana Media Cabinet. The Media Cabinet streamlines the processes debt buyers, creditors, and lenders use to manage the distribution of account-related documents, within their network. As an extension …
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Daily Digest – March 5. FDCPA Class Action Filed Against Debt Buyer, Collector; Online Lender’s Collection Practices Under Investigation
FDCPA CLASS-ACTION FILED AGAINST DEBT BUYER, COLLECTOR A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer …
Read More »Bill Introduced in Senate to Double Anti-Spoofing Fines
A bipartisan bill has been introduced in the Senate that would double the penalties for individuals or entities that spoof Caller ID numbers as a means of combatting illegal robocalls. S.594, the Anti-Spoofing Penalties Modernization Act is sponsored by Sen. Susan Collins [R-Maine], and co-sponsored by Sen. Krysten Sinema [D-Ariz.], …
Read More »Performant to Lay Off 90 at Oregon Location
Performant Recovery has filed a notice with the state of Oregon that it is planning on laying off 60 employees at its location in Grants Pass, Ore., and will not bring back 31 employees who had been furloughed, citing the COVID-19 pandemic and changes to student loan collections as the …
Read More »FDCPA Class-Action Filed Against Debt Buyer, Collector
A class-action lawsuit has been filed in federal court in New Jersey, alleging that a debt buyer and the collector it hired allegedly violated the Fair Debt Collection Practices Act because it sent a collection letter to an individual without the debt buyer having a proper license to operate in …
Read More »Online Lender Discloses CFPB Investigation Into Collection Practices
Opportun Inc., a unit of Opportun Financial Corp., a consumer finance lender that caters to Latino immigrants, disclosed yesterday that its lending and debt collection practices are being investigated by the Consumer Financial Protection Bureau as part of an apparent wider investigation into whether small dollar lenders have violated federal …
Read More »Daily Digest – March 4. Getting to Know Andrew Schwartz of Gordon & Rees; Judge Grants MSJ in FDCPA Case
GETTING TO KNOW ANDREW SCHWARTZ OF GORDON & REES You have to love a lawyer who brings his own eggs into work in the morning before defending the industry before a federal judge. Andrew Schwartz may be known for helping overturn the written dispute requirement within the Third Circuit Court …
Read More »Judge Grants MSJ For Defendant in FDCPA Case About Pre-Confirmation ID
It’s the collection industry’s version of the chicken-and-the-egg. A consumer refuses to confirm his or her identity because the collector will not go into detail about a collection call, but the collector can not go into detail until the consumer’s identity is verified. Collectors have to stick to their guns …
Read More »Defective Summons in Collection Lawsuit Equates to FDCPA Violation, Judge Rules
A District Court judge in Minnesota has granted a motion for partial summary judgment filed by a trio of plaintiffs in related cases and denied the defendants’ motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it allegedly violated civil procedure laws …
Read More »CFPB Issues NPRM to Delay Compliance With QM Rule; Sues Payment Processor
The Consumer Financial Protection Bureau yesterday made a pair of announcements — delaying the enactment date of a rule that was set to go into effect July 1 and filing a lawsuit against a payment processor and its former chief executive for aiding clients that were taking advantage of individuals …
Read More »Getting to Know Andrew Schwartz of Gordon & Rees
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 …
Read More »Daily Digest – March 3. Judge Denies Motion to Certify Class in FDCPA SOL Suit; Breaking Down Chopra’s Confirmation Hearing
JUDGE DENIES MOTION TO CERTIFY CLASS IN FDCPA SOL SUIT A District Court judge in Delaware has denied a motion to certify a class in a lawsuit that alleged a collector violated the Fair Debt Collection Practices Act by falsely representing the legal status of a debt when it sent …
Read More »CFPB Report Reveals 11 Million People at Risk of Losing Homes
The number of individuals who are at least three months behind on their mortgages has increased by 250% in the past year, and 11 million renters and homeowners are at risk of losing their homes to foreclosure or eviction, according to a report issued by the Consumer Financial Protection Bureau …
Read More »Judge Denies Motion to Certify Class in FDCPA SOL Suit
A District Court judge in Delaware has denied a motion to certify a class in a lawsuit that alleged a collector violated the Fair Debt Collection Practices Act by falsely representing the legal status of a debt when it sent settlement offers on time-barred debts without disclosing that the statute …
Read More »Breaking Down Chopra’s Confirmation Hearing
If anything, the confirmation hearing held yesterday for Rohit Chopra to be the new director of the Consumer Financial Protection Bureau showed us more about the agendas of the members of the Senate Banking Committee and less about learning the priorities and vision that Chopra has for the agency, should …
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