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Daily Digest

Daily Digest – August 2. CFPB Extends Comment Period on Proposed Collection Rule; Judge Grants MTD in FDCPA Case Over Letter Language

CFPB EXTENDS PROPOSED COLLECTION RULE COMMENT PERIOD Admitting it has received requests from representatives in both the financial services industry and consumer advocacies, the Consumer Financial Protection Bureau announced yesterday via a publication in the Federal Register that it will extend the comment period by 30 days for the Notice …

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Daily Digest – August 1. Getting to Know Daniel Desatnick of The Allen Daniel Associates; N.Y. Court Scheduling Mediation Sessions After Hospital Starts Filing More Suits

GETTING TO KNOW DANIEL DESATNICK OF THE ALLEN DANIEL ASSOCIATES Is collecting thicker than blood? It might be for Dan Desatnick. It took only two years after starting a collection agency with his then brother-in-law for Dan to buy out his partner, and he’s been running the show ever since. …

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Daily Digest – July 30. Ill. Gov. Signs Post-Judgment Interest Bill Into Law; Calif. Appeals Court Rules Right-to-Cure Provision of RFDCPA Applies to Letter Issue

ILLINOIS GOV. SIGNS BILL LOWERING POST-JUDGMENT INTEREST, COLLECTION PERIOD, INTO LAW J.B. Pritzker, the governor of Illinois, yesterday signed a bill into law that will reduce the amount of time and the amount of interest that can be collected on judgments, in an attempt to “give real relief” to individuals …

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Daily Digest – July 26. ‘Kingpins’ Barred From Industry, To Pay $60M in Fines; N.Y. Governor Signs Data Breach Bills Into Law

‘KINGPINS’ BARRED FROM INDUSTRY, TO PAY $60M IN FINES The Consumer Financial Protection Bureau and the Attorney General of New York have reached a settlement with two individuals referred to as collection “kingpins” and a network of companies, with fines totaling $60 million and permanent bans from ever operating in …

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Daily Digest – July 24. Industry Group Joins Advocacies in Seeking Comment Period Extension; Plaintiff Says He Was ‘Roboblasted’ With Collection Calls

INDUSTRY GROUP JOINS ADVOCACIES IN SEEKING COMMENT PERIOD EXTENSION An industry trade association, in conjunction with two consumer advocacy groups, have filed a request for a 90-day extension to file comments related to the Consumer Financial Protection Bureau’s proposed debt collection rule. This marks the first time that an organization …

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