Daily Digest – October 23. Judge Rules BCFP Not on Hook for Weltman’s Attorney Fees; Appeals Court Rules Agency Waived Arbitration Rights By Waiting Too Long

The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.

 

JUDGE RULES BCFP NOT ON HOOK FOR WELTMAN’S ATTORNEY FEES

• A federal judge has denied a request from Weltman Weinberg & Reis to have the Bureau of Consumer Financial Protection pay its full legal bill, ruling that the federal agency did not act in bad faith when it sued the law firm for allegedly misleading individuals by sending them collection letters on the firm’s letterhead.

 

APPEALS COURT RULES AGENCY WAIVED ARBITRATION RIGHTS BY WAITING TOO LONG

• The Seventh Circuit Court of Appeals has upheld a lower court’s ruling denying a collection agency’s attempt to enforce the arbitration clause between the individual and the creditor because of a “gratuitous delay” by the agency in seeking arbitration.

 

REPORT HIGHLIGHTS COLLECTION FIRM THAT GARNISHED BANK ACCOUNT BEFORE PUTTING IT ALL BACK

• Two former partners of Frederick J. Hanna & Associates are in the news after a published report about a Georgia woman who had the funds in her bank account seized, only to have it returned when a news outlet investigated the incident.

 

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The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.