AccountsRecovery.net Where AR Professionals Connect

JUDGE GRANTS MTD IN FDCPA CASE OVER ALLEGED THIRD-PARTY DISCLOSURE Who else but the recipient of a collection letter and the mail carrier who delivered it would have access to that letter to see a mini-Miranda statement that had bled through an envelope, asked a District Court judge in Illinois …

Hunstein copycat cases propelled the number of Fair Debt Collection Practices Act cases filed in May higher, according to data released this week by WebRecon, which tracks litigation across the accounts receivable management industry. More than 200 lawsuits alleging companies violated the third-party disclosures provisions of the FDCPA have been …

Rohit Chopra hasn’t even been confirmed by the Senate to be the next Director of the Consumer Financial Protection Bureau and he’s already being asked questions by a leading Senate Republican after a report was published this week detailing how the Biden administration is attempting to “sideline” top officials at …

An Appeals Court yesterday denied an en banc request in a case relevant to the debt collection industry, but it wasn’t the Eleventh Circuit and it wasn’t the Hunstein case. The Third Circuit Court of Appeals yesterday denied an en banc request in a Telephone Consumer Protection Act case over …

Who else but the recipient of a collection letter and the mail carrier who delivered it would have access to that letter to see a mini-Miranda statement that had bled through an envelope, asked a District Court judge in Illinois when granting a defendant’s motion to dismiss after it was …

Minneapolis, MN — June 17, 2021 — DCM Services, LLC (DCMS) the industry leader in estate and specialty account recovery solutions, announces the addition of Elva (Betz) Krantz, SHRM-SCP to its senior leadership team. Elva will lead the DCMS Human Resources team as Vice President, Human Resources. Krantz is a …

GETTING TO KNOW CATHERINE CALKO OF SPRING OAKS CAPITAL Catherine Calko loves the classics. And that love extends to her work and career in the accounts receivable management industry. What she loves so much about working in this industry — collaboration and collective problem solving — is something she practices …

The Consumer Financial Protection Bureau yesterday issued an interpretive rule that reverses a policy decision put in place under the Bureau’s former leadership that will restart examinations in order to enforce the Military Lending Act. The CFPB, under former Acting Director Mick Mulvaney announced in 2018 that it would not …

The Department of Education announced yesterday that is canceling the student loan debts for 18,000 individuals who were scammed by a defunct for-profit college. The total amount of the loans being forgiven is about $500 million. The students in question attended ITT Technical Institute, which collapsed in 2016 after it …

The Consumer Financial Protection Bureau has updated a report it first released last year that detailed the delinquency rates on major types of credit in order to illustrate how consumers were being financially affected by the COVID-19 pandemic. Now looking at data through the end of April 2021, the CFPB’s …

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 the plaintiff received a collection letter that indicated her account would be referred to an attorney to review “possible legal options” if …

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 …

BEDARD BREAKS DOWN CATEGORIES OF VALIDATION INFORMATION Once Regulation F goes into effect, collectors are going to have to make substantial changes to the validation notices they are sending out to consumers. Whether collectors choose to use the rule’s Model Validation Notice or continue using their own format of collection …

A healthcare provider has agreed to sell $278 million in medical debt, affecting 82,000 patients, as part of an agreement with the charity RIP Medical Debt. This is the first time the charity has purchased debt directly from a healthcare provider. Ballad Health made the announcement yesterday. It operates 21 …

Even though he had been told otherwise, writing a note in the memo line of a check that a debt was being paid in exchange for deletion of a tradeline does not work, according to a District Court judge in New Jersey who granted a defendant’s motion for summary judgment …