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SUPREME COURT RULES IN FAVOR OF MIDLAND IN FDCPA CASE
- The Supreme Court ruled yesterday that Midland Funding, a debt buyer, did not violate the Fair Debt Collection Practices Act when it filed a bankruptcy claim on a debt where the statute of limitations had expired. Midland had filed a claim on an $1,900 debt when a consumer had filed for bankruptcy protection. The consumer sued Midland saying that the claim was not valid because the statute of limitations had expired on collecting the debt. The Supreme Court ruled that the claim was not “false, deceptive, or misleading” as defined by the FDCPA. Stay tuned to AccountsRecovery later today for reaction from leading industry legal experts about the ruling and what it means for debt buyers and collection agencies going forward.
APPLIED INNOVATION ROLLS OUT RECURRING PAYMENT E-SIGNATURE PRODUCT
- In collections, getting a promise to pay is half the battle. Now, Applied Innovation has developed a product that will allow collection agencies to go well beyond just getting a promise to pay. The company recently released an add-on to its PayStream product called GreenLight. GreenLight allows collection agencies to set up recurring payments with individuals who want to use an ACH or debit card. The service is intended, in part, to ensure that agencies comply with Reg E, a rule that establishes procedures for handling electronic transactions, such as those made with an ACH or debit card.
WORTH NOTING: Bill Gates gave a commencement speech in a series of 14 tweets … Here are 21 facts about McDonald’s you might not know … Ethics violations are costing more CEOs their jobs … President Trump may have leaked classified information to Russian diplomats … Why his best defense might be to claim incompetence … Photos from an abandoned Disney water park … Ford may be cutting 10% of its global workforce, which means as many as 20,000 jobs … Lowe’s employees are testing “exo-suits” that help them lift very heavy objects with ease … Why baby boomers are divorcing at a “stunning” rate.
Why every American graduation plays the same song
Explaining childhood poverty through cake
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The Daily Digest is sponsored by T-Max Dialer & Communications, the leader in hosted inbound and outbound dialer technology.
