Daily Digest – December 5. Encore Reaches $6 Million Settlement With 42 States; In-Depth Report Details How Mulvaney Has ‘Curbed’ BCFP

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.

 

ENCORE REACHES $6 MILLION SETTLEMENT WitH 42 STATES OVER LITIGATION PRACTICES

• Encore Capital Group has entered into a settlement agreement with 42 states and the District of Columbia and will pay a lump sum of $6 million that will be divided among the states and an additional $25,000 per state for relief from certain consumer claims. The company will also forgive an unnamed number of judgments that were obtained against consumers between 2003 and 2009.

 

IN-DEPTH REPORT DETAILS HOW MULVANEY HAS ‘CURBED’ BCFP

• Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, gets the deep-dive treatment from the Washington Post today, which delves into how the agency has changed in the year that Mulvaney has been in charge. And what the Post concludes is that Mulvaney “and his political aides have constrained the agency from within, achieving what conservatives on Capitol Hill had for years been unable to do.”

 

JUDGE DENIES MOTION TO DISMISS, GRANTS CLASS CERTIFICATION IN FDCPA CASE

• A District Court judge in New Jersey has denied a collection agency’s motion to dismiss a lawsuit and granted the plaintiff’s motion to certify the suit as a class action, which alleges the collection agency violated the Fair Debt Collection Practices Act by referencing in a collection letter that late charges may be added to her federal student loan, which is not allowed.

 

JUDGE GRANTS MOTION TO RECONSIDER TCPA SUMMARY JUDGMENT, DISMISSES SUIT

• A District Court judge in Illinois has granted a motion for reconsideration and dismissed a lawsuit alleging that Yahoo! violated the Telephone Consumer Protection Act by using an automatic telephone dialing system to send text messages to an individual, thanks to the ruling in ACA International v. FCC.

 

HOW TO MAKE HEALTHCARE MORE LIKE A TRIP TO DISNEY WORLD

• Healthcare providers and revenue cycle management companies should be trying to emulate how Disney World treats its guests if they are to more effectively manage the new financial dynamic, according to a published report.

 

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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.