Daily Digest – August 11. Getting to Know Kelli Edmonds; Judge Grants MSJ in Separate FDCPA Suit Filed Over Same Account

GETTING TO KNOW KELLI EDMONDS OF KOTA BUSINESS SOLUTIONS

  • After a 35-year career in the industry, Kelli Edmonds took the bold step earlier this year to hang out her own shingle and start her own business. When you have the depth and breadth of experience that Kelli has, though, sharing it with the rest of the financial services industry is just as much about giving back as it is about moving forward. Read on to learn more about Kelli, why she has to remind herself to eat lunch everyday, and why having a million items on her to-do list is a good thing. This series is sponsored by Applied Innovation.

JUDGE GRANTS MSJ IN SEPARATE FDCPA SUIT FILED OVER SAME ACCOUNT

  • A District Court judge in Missouri has granted a defendant’s motion for summary judgment after a plaintiff filed two separate lawsuits related to two different collection letters that she received five months apart attempting to collect on the same debt.

CFPB FINES FINTECH $3M FOR USING FAULTY SAVINGS ALGORITHM THAT LED TO CONSUMERS BEING OVERDRAWN

  • The Consumer Financial Protection Bureau yesterday announced that a fintech company that promoted itself as a savings tool for consumers engaged in deceptive acts and practices by using a faulty algorithm that actually ended up causing its customers to “routinely” incur overdraft fees, and announced that the company will pay $2.7 million in fines as well as having to reimburse customers for the overdraft fees that they paid.

HARRIS & HARRIS RESPONDS TO WASHINGTON AG’S LAWSUIT

  • In response to the announcement that it was being sued by the Attorney General of Washington for violating state law related to the disclosures required when sending initial collection notices, Harris & Harris provided the following statement to AccountsRecovery.net. The statement was made by Ari Derman, the company’s General Counsel:

SECURE PAYMENT CAPTURE TECHNOLOGY THROUGH PDCFLOW/PIMSWARE PARTNERSHIP

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