Collector Facing Class Action for Not Providing 30 Days to Dispute Debt
- A class-action lawsuit has been filed against a collection operation for allegedly violating the Fair Debt Collection Practices Act because it sent a Model Validation Notice — with a date on it — to the plaintiff and did not provide a 30-day window for the plaintiff to dispute or seek verification of the debt.
- More details here.
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Staffing Shortages Big Focus for Agencies of all Shapes and Sizes
- CHICAGO — A frequent topic of conversation among attendees here at ACA International’s annual convention is where companies are finding quality job candidates these days and how they are managing with staffing levels that are well below what they would like to be. While The Great Resignation may be over, the search for qualified candidates is as hard as it has ever been, a number of agency executives said.
- More details here.
Pence Calls for Elimination of CFPB in Economic Proposal
- Former Vice President and now Presidential candidate Mike Pence released his first economic proposal this week, and it seeks to tackle inflation by cutting government programs like the Consumer Financial Protection Bureau and the Environmental Protection Agency.
- More details here.
Collector Fined $15k For Operating in Connecticut Without License for Second Time
- The Connecticut Department of Banking has fined a collection agency $15,000 for operating in the state without a license, the second time the company has been fined for doing so.
- More details here.
Indiana Supreme Court Takes Stand on Standing
- The march on standing at the District Court level has created a new dynamic — or at least the threat of a new dynamic — for collection operations, and that is facing Fair Debt Collection Practices Act cases in state courts. State courts are less predictable than their federal counterparts and also may have different thresholds for determining whether a plaintiff suffered enough of an injury to have standing to sue. The industry is seeing a growing number of cases affirming that plaintiffs still need to have suffered a concrete injury in order to sue, and the Indiana Supreme Court recently added its state to that list.
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Funny Friday, part I
Funny Friday, part II
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