Compliance

The Consumer Financial Protection Bureau yesterday announced a $25 million settlement with Freedom Debt Relief, the nation’s largest debt settlement company, after alleging the company was alleged to have charged advance fees and by not settling debts as promised. A copy of the final judgment can be accessed by clicking …

Fool me once, shame on you, the old saying goes. Fool me twice, shame on me. Did you know there was a third part? Fool me a third time, then that gives you the right to sue me for allegedly violating the Fair Debt Collection Practices Act. A District Court …

A non-profit organization focused on student loans and higher education is calling on Massachusetts and all states to enact legislation aimed at protecting student loan borrowers “from profit-seeking predatory actors.” The Hildreth Institute released a report this month calling on Massachusetts to follow 10 other states that have enacted their …

Ajit Pai, the chairman of the Federal Communications Commission, is seeking to close a robocall loophole big enough to drive a truck through via a proposed rule that his agency will vote on next month. And while the move is another attempt by the FCC to do something, anything, to …

A District Court judge in Pennsylvania has dismissed a lawsuit filed against a collection agency after it was accused of violating the Fair Debt Collection Practices Act when it sent the plaintiff a collection letter that said “Your lack of communication may result in the enforcement of your current creditor’s …

Every week, AccountsRecovery.net brings you the most important news in the industry. But, with compliance-related articles, context is king. That’s why the brightest and most knowledgable compliance experts are sought to offer their perspectives and insights into the most important news of the day. Read on to hear what the …

Legal experts are expecting to see a significant increase in the number of class-action lawsuits filed in California after the Ninth Circuit Court of Appeals ruled in three cases last week that the Federal Arbitration Act does not pre-empt a California Supreme Court ruling that said a contract prohibiting a …

Charles Stanley, the owner of Credit Specialty Service, a collection agency based in Acton, Calif., has been sentenced to six years in prison after being accused of stealing $4 million in from its clients. Stanley pleaded guilty to charges of conspiring to commit bank fraud and wire fraud. At Stanley’s …

As expected, a law firm fighting a Civil Investigative Demand from the Consumer Financial Protection Bureau has petitioned the Supreme Court to hear its argument that the agency’s leadership structure is unconstitutional. A copy of the petition can be accessed by clicking here. The petition was filed last week. While …

The Supreme Court has set a date for when it will hear arguments in a Fair Debt Collection Practices Act case regarding when the clock on its one-year statute of limitations begins. Arguments in Rotkiske v. Klemm will be heard on Wednesday, Oct. 16. The Supreme Court had agreed in …