Daily Digest – July 20. FDCPA Class Action Filed Against Law Firm, Debt Buyer; Bill Introduced in Ohio to Legalize Debt Settlement

FDCPA CLASS ACTION FILED AGAINST LAW FIRM, DEBT BUYER FOR NOT HAVING PROPER LICENSE, FAILING TO MENTION INTEREST ACCRUAL IN LETTER

  • A class-action lawsuit has been filed in New Jersey by a plaintiff who claims that a debt buyer allegedly violated the Fair Debt Collection Practices Act because it did not have the proper license to authorize a collection law firm to try and collect on a judgment in that state and that a letter sent to the plaintiff by one of the defendants did not properly disclose that interest and other fees were accruing on the debt. The lawsuit also attempts to hold the debt buyer vicariously liable for the alleged violations that may have been made by the collection law firm.

BILL INTRODUCED IN OHIO TO LEGALIZE DEBT SETTLEMENT

ENCORE HIRES NEW CHIEF RISK AND COMPLIANCE OFFICER

  • Encore Capital Group yesterday announced that it has hired Steve Carmichael to be its Chief Risk and Compliance Officer. Carmichael, who will report directly to Encore Chief Executive Ashish Masih, most recently was the head of enterprise and financial risk management at Discover Financial Services.

MASS. AG SINGS FAMILIAR TUNE WARNING COLLECTORS FROM TRYING TO SEIZE STIMULUS FUNDS

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Daily Digest – July 27. Conn. Regulator Fines Agency $10k; Judge Grants MSJ in Case Over Disputed Debt

CONN. REGULATOR FINES AGENCY $10K FOR COLLECTING WITHOUT PROPER LICENSE A collection agency has agreed …

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