The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
PASSIVE DEBT BUYER MEETS DEFINITION OF ‘DEBT COLLECTOR’ AS JUDGE REFUSES TO DISMISS LAWSUIT OVER COLLECTION LETTER
- A case that was originally filed nearly six years ago and has already been to the Seventh Circuit Court of Appeals has a new twist; this time a judge has refused to dismiss a class-action lawsuit alleging a collection letter violated the Fair Debt Collection Practices Act by offering to settle a debt in which the statute of limitations had expired.
MONTHLY M&A INSIGHTS WITH MICHAEL LAMM
- AccountsRecovery.net is excited to announce a new regular feature — Monthly M&A Insights with Michael Lamm. Lamm, from Corporate Advisory Solutions, will provide context and perspective about the state of the M&A activity in the ARM industry. This month, Lamm shares a lot of good news with the industry, regarding interest from buyers looking to acquire collection agencies, and the price that they are paying.
CALIF. COURT OF APPEAL RULES MORTGAGE SERVICERS MEET DEFINITION OF ‘DEBT COLLECTOR’ UNDER STATE FDCPA
- Mortgage servicers meet the definition of “debt collector” under the California Rosenthal Fair Debt Collection Practices Act, and must comply with the law when collecting debts, a California Court of Appeal has ruled. At issue, is whether collecting on a mortgage is considered to be the same as collecting on a “consumer debt,” which is that the Rosenthal Act covers.
RULING IN TCPA CASE MAY FURTHER RESTRICT CLASS-ACTION LAWSUITS BASED ON JURISDICTIONAL ISSUES
- A ruling in a junk fax case alleging violations of the Telephone Consumer Protection Act may have wide-ranging implications for other companies defending against TCPA class-action lawsuits. The ruling may force plaintiff’s attorneys to re-think their strategies when filing class-action suits.
THE NATIONAL CREDITORS BAR ASSOCIATION RESPONDS TO THE ACLU’S REPORT: ‘THE CRIMINALIZATION OF PRIVATE DEBT’
- The National Creditors Bar Association (NCBA) takes exception with last month’s American Civil Liberties Union (ACLU) report which proclaimed that thousands of individuals were being arrested and jailed for the debts they owe. The ACLU’s report was not only factually inaccurate but was conveniently lacking in relevant truisms in an attempt to sensationalize unfortunate circumstances for individuals who fail to comply with court orders.
WORTH NOTING: A man who killed a former NFL player in a road rage incident has been sentenced to 30 years in prison … A Senate candidate in Michigan has a bold plan to reduce crime: arm the homeless with shotguns … The most popular tourist attraction in every state … The wife of President Trump’s son has filed for divorce … Coach K on the one thing you need to succeed … Which country has the cheapest cup of coffee? … One reason why Toys R Us failed: the birthrate is declining … Homeowners gained $15,000 in home equity last year … All of the retailers that are tracking what you return … Who makes the most off March Madness … A tragedy in Florida as a pedestrian bridge collapsed, killing six people … The most reputable companies.
End your work week with a laugh
Testing Olive Garden’s newest dish
The Daily Digest is sponsored by Beam Software. A Microsoft Gold Certified Partner, Beam is a thought leader in portfolio management and collection software. They offer both cloud-based and on-premise solutions to accommodate the entire collection continuum. For more information, please visit www.beamsoftware.com or call (800) 212-2326.
