Daily Digest

GETTING TO KNOW ERIN KERR OF MRS BPO Erin Kerr’s job title is emblematic of the changing dynamic within the credit and collections industry. Acknowledging that the technology in the industry is changing faster than it ever has before, Erin has embraced the challenge associated with forging new trails. Read …

BRANCH MANAGER FINED, BARRED FROM RENEWING LICENSE AS PART OF KICKBACK SCHEME The Minnesota Department of Commerce has banned a collection agency branch manager from obtaining a license for five years and fined him $2,500 for orchestrating a kickback scheme in which he inflated the commissions of a collector in …

CALIF. GARNISHMENT LAW SET TO GO INTO EFFECT NEXT WEEK An online press conference has been scheduled for later today to discuss a new law that is going into effect in California next week that limits how much debt collectors can garnish from an individual’s bank account when seeking repayment …

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 …

APPEALS COURT OVERTURNS DISMISSAL OF DEBT BUYING CONTRACT DISPUTE The Court of Appeals for the Fourth Circuit has overturned a lower court’s dismissal of a lawsuit in which the seller of a portfolio of loans sued the buyer for allegedly violating the terms of their agreement when the buyer turned …

GETTING TO KNOW MORGAN LEIJA OF PHILLIPS & COHEN Morgan Leija may not have a lot of experience in the credit and collection industry yet, but the time she has spent has already taught her a lot. Coming into this business without any experience can be overwhelming and enough to …

JUDGE SIDES WITH CFPB IN CID AGAINST COLLECTION LAW FIRM A District Court judge in New York has sided with the Consumer Financial Protection Bureau and agreed to enforce a Civil Investigative Demand that was sent to a collection law firm, a decision that the law firm’s lawyer has said …

APPEALS COURT OVERTURNS FDCPA CASE THAT USED BFE DEFENSE The Ninth Circuit Court of Appeals has overturned a lower court’s ruling that granted summary judgment in favor of a debt collector that was sued for violating the Fair Debt Collection Practices Act because it was entitled to the Bona Fide …

JUDGE GRANTS MSJ FOR PLAINTIFF IN FDCPA CASE OVER BFE DEFENSE A District Court judge in Indiana has adopted a Magistrate Judge’s Report and Recommendation that grants summary judgment in favor of a plaintiff who sued a collection agency for violating the Fair Debt Collection Practices Act for sending a …

JUDGE GRANTS MTD IN FDCPA CASE OVER LACK OF STANDING A District Court judge in Florida has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because it lumped the principal, interest, fees, and expenses it was owed into one amount …