Daily Digest – December 12. Judge Partially Dismisses Claims in FDCPA Case; Acquisition of Proptech Firm Shows Commitment to Flexible Payment Offerings

JUDGE PARTIALLY DISMISSES CLAIMS IN FDCPA CASE, RULES PHYSICAL INJURIES ENOUGH TO CONFER STANDING

  • In a lot of instances, unpacking and summarizing a court ruling in less than 500 words is pretty easy. But, like the situation we have for this particular case, the volume of interesting twists and turns are going to make being brief difficult, so bear with me. A District Court judge in Minnesota has partially granted and partially denied a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case, determining that physical injuries like stomach pain and headaches are enough for the plaintiff to have standing, that waiting 11 days for an attorney to respond to a request is not a reasonable amount of time, and that if a consumer notifies a prior debt collector that he or she is invoking a cease communication request, the consumer does not have to notify subsequent debt collectors for liability to attach.
  • More details here.

ACQUISITION OF PROPTECH FIRM SHOWS COMMITMENT TO OFFERING CONSUMERS FLEXIBLE PAYMENT OPTIONS

  • You’ve probably heard of fintech — a mash-up of the words financial and technology — in the past couple of years as new start-ups and platforms, such as Buy Now, Pay Later offerings, have become more popular. But even I had to look up what proptech was when I read this article, and after reading it, I think it’s worth sharing and making sure everyone in the accounts receivable management space is aware of it, because it looks like the technology is going to impact how debts are collected.
  • More details here.

COLLECTION LAW FIRM FINED $100K, ORDERED TO STOP COLLECTING IN CT WITHOUT LICENSE

  • The Connecticut Department of Banking has fined a collection law firm $100,000 — the maximum amount allowed by law — and ordered it to cease and desist from collecting in the state without a valid license.
  • More details here.

EXPERTS SHARE CONTEXT ON CASES IMPACTING ARM INDUSTRY

  • Industry experts Mike Frost, Jacquelyn DiCicco, Laurie Nelson, Mitch Williamson, Stacy Rodriguez, John Redding, and Xerxes Martin provide their perspectives and analysis of the legal and compliance trends shaping the ARM industry.
  • More details here.
  • This series is sponsored by Bedard Law Group

WORTH NOTING: A lot of consumers are planning on going into debt his holiday season … The 2022 Comedy Wildlife photo award winners … Would you do this to your dog for the holidays? … You should be bracing for a recession in 2023, according to Citi … How you should be spending your lunch break … The era of free online returns is coming to an end … The 10 most stressful jobs in the United States … How a comedian managed to live for a month in New York and survive on $100.

Music Monday, part I

Music Monday, part II

The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.

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Daily Digest – February 3. Complaint Alleges Confusion; Agencies Fined for Unlicensed Activities

COMPLAINT ALLEGES CONFUSION BETWEEN WHO OWNED DEBT AND TO WHOM DEBT WAS OWED The issues …

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