BEDARD DISCUSSES VALIDATION INFORMATION EXCEPTION
- With every rule, there is always an exception and the Consumer Financial Protection Bureau’s debt collection rule, known officially as Regulation F, is no different. When it comes to everything that John Bedard of Bedard Law Group has been talking about recently in episodes of “You Wanted a Rule, You Got a Rule” with respect to the information that will have to be included in validation notices that are sent out to consumers once the rule goes into effect on November 30, there is an exception.
JUDGE RULES FOR DEFENDANTS IN TWO FDCPA CURRENT CREDITOR CASES
- A District Court judge in New York has ruled in favor of the defendants in two separate Fair Debt Collection Practices Act cases, determining that entities that purchase debts do not have to disclose the chain of title detailing how they came to acquire those debts in the initial collection letters.
PRA GROUP TO CLOSE BIRMINGHAM OFFICE
- Portfolio Recovery Associates is closing its office in Birmingham, Ala., which will affect 133 employees who worked there. The company filed a notice with the state Department of Commerce in late July. The office will close at the end of September.
COLLECTOR TO PAY $850K IN SETTLEMENT WITH CFPB
- A proposed settlement has been reached between the Consumer Financial Protection Bureau and a debt collector it sued back in 2019 that will see the collector and its owner pay a fine of $850,000, update its policies and procedures with respect to reporting debts to credit bureaus, and ensure the accuracy of accounts on which it collects while also hiring an independent consultant to review all of the collector’s furnishing and collection activities.
THE BUREAUS SERVES COMMUNITIES THROUGH PHILANTHROPY
- The Bureaus, Inc. gives back through support of charities and non-profit organizations working to improve the quality of life for those in our communities. Charitable giving and social responsibility have gone hand in hand with our success since our business began in 1928. We enjoy working with organizations that impact our local communities and those that support initiatives close to our heart.
WORTH NOTING: The Girl Scouts are introducing a new cookie next year … That’s not where deer are supposed to be … How a coin shortage is going to make your life more stressful … As many as 15% of the loans offered under the Paycheck Protection Program may have been fraudulent … The first few days of students going back to school aren’t going awesome … I love the two of these comedians together … The real reasons why companies don’t want you to work remotely … Having to wait six days for surgery after getting shot six times because of COVID.
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