Home / Daily Digest / Daily Digest – May 20. Appeals Court Upholds Lower Attorney Fee Award in FDCPA Case; CFPB Sues Collection Law Firm Over Alleged Lack of Meaningful Involvement

Daily Digest – May 20. Appeals Court Upholds Lower Attorney Fee Award in FDCPA Case; CFPB Sues Collection Law Firm Over Alleged Lack of Meaningful Involvement

The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.

APPEALS COURT UPHOLDS LOWER ATTORNEY FEE AWARD IN FDCPA CASE AFTER PLAINTIFF REJECTS MULTIPLE SETTLEMENT OFFERS

  • When given multiple “meaningful” offers to settle a lawsuit, the Seventh Circuit Court of Appeals has sent up a warning flare to all plaintiffs and their attorneys that they should accept it, lest they lose the big payday they were hoping for.

CFPB SUES COLLECTION LAW FIRM FOR ALLEGED FDCPA VIOLATIONS OVER LACK OF MEANINGFUL ATTORNEY INVOLVEMENT

  • The Consumer Financial Protection Bureau on Friday filed suit against Foster & Garbus, a collection law firm, alleging it violated the Fair Debt Collection Practices Act by misrepresenting that attorneys were meaningfully involved in lawsuits.

FRAUDSTER FACING 40 YEARS AFTER PLEADING GUILTY IN $400 MILLION DEBT BUYING PONZI SCHEME

  • A Maryland man indicted last year on charges of running a debt buying Ponzi scheme has agreed to plead guilty to those charges as well as one that he attempted to obstruct justice after he was arrested and is facing 40 years in prison.

ADVOCACY GROUP COULD BE POTENTIAL INDUSTRY ALLY TO FCC’S CALL BLOCKING PROPOSAL

  • A consumer advocacy is speaking out and expressing concerns about call blocking services that phone carriers may soon have the power to start offering without requiring consumers to opt in to receive them. In this respect, the credit and collection industry may have found a potential ally in worrying that the call blocking service may have unintended consequences.

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The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com

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