Daily Digest

Daily Digest – September 18. Appeals Court Forbids Incentive Payments in Class Action Suits; Judge Dismisses Whistleblower Suit Filed by Agency Employees

APPEALS COURT RULES INCENTIVE PAYMENTS IN CLASS ACTION SUITS ARE FORBIDDEN The Eleventh Circuit Court of Appeals ruled yesterday in a Telephone Consumer Protection Act case against a debt collector that incentive payments for the named plaintiff in a class-action lawsuit are illegal under Supreme Court precedent dating back more …

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Daily Digest – September 16. Site That Helps Consumers Respond to Collection Suits Launches Nationwide; CFPB, State AGs Settle With Lender

SITE THAT HELPS CONSUMERS RESPOND TO COLLECTION SUITS LAUNCHES NATIONWIDE A service that started in Utah to help individuals respond to debt collection lawsuits yesterday announced it would now be available nationwide as it seeks to win $50,000 in a technology competition. CFPB, STATE AGs SETTLE WITH PRIVATE LENDER; $330M …

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Daily Digest – September 14. Judge Grants MTD in Student Loan Collection Case; Unlicensed Debt Collector Arrested in N.C.

JUDGE GRANTS MTD IN STUDENT LOAN COLLECTION CASE A District Court judge in Connecticut has granted a motion to dismiss filed by a collection agency, a student loan servicer, and the plaintiff’s employer for allegedly violating the Fair Debt Collection Practices Act by attempting to garnish the plaintiff’s wages, because …

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Daily Digest – September 11. IQor Files for Bankruptcy; Appeals Court Affirms Dismissal of FCRA Case Over Deleted Item

IQOR FILES FOR BANKRUPTCY PROTECTION Collection operation and contact center business-process outsourcing provider iQor filed for Chapter 11 bankruptcy protection yesterday, seeking approval of a pre-packaged plan that would provide the company with $130 million of funding to reorganize itself and continue operating. APPEALS COURT AFFIRMS DISMISSAL OF FCRA CASE …

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Daily Digest – September 9. CFPB Sues Encore, Subsidiaries For Violating Consent Order; CFPB, NY AG Sue Alleged Scammers

CFPB SUES ENCORE, SUBSIDIARIES, FOR VIOLATING TERMS OF 2015 CONSENT ORDER The Consumer Financial Protection Bureau yesterday filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., and Asset Acceptance Capital Corp., accusing the companies of violating the terms of a 2015 …

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