JUDGE DENIES MSJ FOR DEFENDANT IN FCRA CASE OVER DISPUTE INVESTIGATION PROCESS
- A District Court judge in Florida has denied a defendant’s motion for summary judgment and granted a plaintiff’s motion for summary judgment as to liability only, in a Fair Credit Reporting Act case in which the defendant reported debts belonging to the plaintiff, when in fact they belonged to his 83-year-old father, ruling that the defendant’s policies and procedures for investigating disputes did not go far enough to satisfy the statute’s requirements.
CFPB DENIES PETITION FROM TITLE LENDER THAT ARGUED CID WAS TOO BROAD
- The Consumer Financial Protection Bureau has denied a petition from an auto title lender to modify or set aside a civil investigative demand looking into the company’s debt collection practices, among other areas of the business, as well as denied a petition for confidential treatment of the inquiry.
REPAY TO BUY BILLINGTREE FOR $503M
- Repay Holdings Corp., a payment processing company, announced yesterday that it is purchasing BillingTree, another payment processing company, for $503 million in cash and stock. Repay is looking to leverage BillingTree’s technology and presence in a number of verticals, including the accounts receivable management space, to help fuel the company’s continued growth.
MASS. AG INVESTIGATING COMPANY FOR VENUE CHOICE WHEN FILING COLLECTION LAWSUITS
- A medical devices company in Massachusetts has caught the attention of the state’s attorney general for filing more than 12,000 debt collection lawsuits during the past 10 years, most of them in the same court, forcing some individuals to travel up to 250 miles to defend themselves in the suits, according to a published media report.
FFAM360 SUPPORTS COLIN WOODYSHEK TECHNOLOGY PROGRAM IN CONTRIBUTION TO PALM BEACH SCHOOL FOR AUTISM
- First Financial Asset Management (FFAM360) was grateful for the recent opportunity to contribute to the Colin Woodyshek Technology Program and is pleased to celebrate that the fundraiser’s goals have been achieved. This success means young adults on the Autism Spectrum will have access to needed technology equipment, software, and tools for improved communication and increased pre-workforce preparation and training. The nonprofit organization, B Colin Strong, spearheaded the fundraising effort aimed at serving the Palm Beach School for Autism.
WORTH NOTING: Of course this mom lives in Florida … What the ransomware attack on a gas pipeline means for you at the pump … Starbucks is hoping nostalgia will help you beat the summer heat … Salaries and wages for workers across the country are starting to rebound … Jeff Bezos’s new yacht is so big, it has its own yacht … How companies are attracting workers back in to the office … Four-day workweeks are closer than you think … You can get a COVID-19 vaccine in Dracula’s castle.
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