Along with his plans to nominate Rohit Chopra to be the new director of the Consumer Financial Protection Bureau, and the previously announced resignation of Ajit Pai as chairman of the Federal Communication Commission, President-elect Biden will get to select the head of another regulator with direct oversight of the …
Read More »Appeals Court Overturns its Own Precedent in Tossing Out $5 Million Fine in FTC Case
The Seventh Circuit Court of Appeals has overturned a ruling from a lower court that fined the owner of a credit monitoring service $5 million for engaging in deceptive acts after it was sued by the Federal Trade Commission, in what is considered to be a stunning rebuke of a …
Read More »Former FTC Bureau Chief Blasts Provisions of CFPB’s Proposed Rule
A former director of the Federal Trade Commission’s Bureau of Consumer Protection, who is now a law professor and a board member of the National Consumer Law Center, has come out and blasted the Consumer Financial Protection Bureau’s proposed debt collection rule, accusing the bureau of violating “email 101” and …
Read More »Compliance Digest – August 26
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 …
Read More »FTC, FCC Disagree Over Who Should be VoIP Robocall Enforcer
The Federal Trade Commission and Federal Communications Commission are having a tough time figuring out who should be the primary regulator going after individuals and organizations that are making illegal robocalls, according to a published report [Registration required]. Both sides appear to think the other has jurisdiction, according to the …
Read More »How The Government Shutdown May be Bad News For the ARM Industry
As the government shutdown enters its third week with no end in sight, fully understanding the impact that the shutdown is having is difficult because unless you have been directly affected, it might seem like nothing has changed. But that is decidedly not the case. For many industries, including the …
Read More »FTC Announces Hearings Aimed at Discussing Consumer Protection Priorities
The Federal Trade Commission has announced it will hold a series of public meetings about its consumer protection prerogatives and priorities. Up to 20 public hearings will be conducted between this September and January 2019, the agency announced. The title for the series is “Competition and Consumer Protection in the …
Read More »FTC Files Suit Against Robocallers Who Made ‘Billions’ of Calls
The Federal Trade Commission has filed a lawsuit against a group of defendants, alleging they engaged in a scheme to illegally facilitate “billions” of robocalls that pitched everything from auto warranties to debt-relief services. The case was filed in the District Court for the Central District of California. It lists James …
Read More »FTC Settlement Will Ban Pair from ARM Industry For Life
A pair of individuals who were charged last year with operating an abusive debt collection scam have reached a proposed settlement with the Federal Trade Commission which will see them barred from the ARM industry for the rest of their lives, as well as imposing a judgment of more than …
Read More »How President Trump Has Had a Positive Impact on The ARM Industry
President Donald Trump’s pro-business stance has had a positive impact on the ARM industry since he took office nearly 18 months ago, according to panelists who spoke on a webinar about the topic last week. Not only has morale within the industry improved, but the people on the other end …
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