Daily Digest

Daily Digest – September 2. Calif. Legislature Passes Licensing Law; CFPB Warns Court About Ratification Implications

CALIFORNIA LEGISLATURE PASSES COLLECTOR LICENSING LAW The California state legislature on Monday became the 35th state to require debt collectors to obtain licenses in order to operate, passing a measure that also establishes baseline practices that will be prohibited, should Gov. Gavin Newsom sign the bill into law. CFPB WARNS …

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Daily Digest – September 1. Mass. AG Sues Auto Lender For Violating State Call Limits; Calif. Legislature Approves State CFPB

MASS. AG SUES AUTO LENDER FOR VIOLATING STATE COLLECTION CALL LIMITS, AMONG OTHER VIOLATIONS The Attorney General of Massachusetts yesterday announced a lawsuit against Credit Acceptance Corp., a subprime auto lender, for knowingly originating loans to individuals even though it knew they would be unable to repay them, and then …

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Daily Digest – August 28. FTC Files Suit Against Alleged Scammers; CFPB Denies Petition to Set Aside CID

FTC FILES SUITS AGAINST ALLEGED DEBT COLLECTION SCAMMERS A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits …

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Daily Digest – August 24. Gordon Beck Details First Acquisition; Judge Denies MTD in FDCPA Case Over Statement in Letter

EXCLUSIVE: GORDON BECK SHARES DETAILS OF COMPANY‘S FIRST ACQUISITION Valor Intelligent Processing (VIP), based in Jacksonville, Fla., recently completed its first-ever acquisition, purchasing Credit Protection Association (CPA), a collection and business-process outsourcing company based in Dallas. JUDGE DENIES MTD IN FDCPA CASE OVER STATEMENT IN LETTER A District Court judge …

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