JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CLASS-ACTION OVER 1099C LANGUAGE IN LETTER
- In a case that was defended by Rick Perr of Kaufman Dolowich & Voluck, a District Court judge in New Jersey has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act class-action lawsuit over the 1099C language in a collection letter, ruling that the disclosure used was not a false, deceptive, or misleading representation when attempting to collect on a debt.
DEBT COLLECTORS BANNED FROM INDUSTRY IN SETTLEMENT WITH FTC
- A debt collection company based in Atlanta and its owners have been permanently banned from the industry and will pay $266,000 out of a $3 million penalty under the terms of a settlement announced by the Federal Trade Commission, which had sued the company and its owners for threatening to have consumers arrested and imprisoned when trying to collect debts that the consumers did not actually owe.
STRATEGIC RESOURCE ALTERNATIVES COMPLETES ACQUISITION OF J.J. MARSHALL & ASSOCIATES
- Strategic Resource Alternatives (“SRA”), an industry-leading full-service receivables management and outsourcing firm, is pleased to announce the completion of an acquisition of J.J. Marshall & Associates, Inc., a Michigan-based recovery firm.
NAVIENT REACHES DEAL TO TRANSFER 6M STUDENT LOAN ACCOUNTS TO MAXIMUS
- Navient yesterday announced it was transferring 5.6 million student loan accounts that it was servicing on behalf of the Department of Education to Maximus, another loan servicing company. Navient, which had decided already that it no longer wanted to continue servicing loans under the Next Generation Financial Services Environment program, or NextGen, instead will focus on other lines of business outside of student loans, including private lending and refinancing.
CALLING OUT $92M IN UNCOLLECTED DEBTS LANDS ANONYMOUS WHISTLEBLOWER PUBLIC SERVICE AWARD
- Disclosing a software flaw that led to $92 million in uncollected debts owed to the Department of Labor’s Occupational Safety and Health Administration (OSHA) has led one anonymous individual to be anointed as the 2021 Special Counsel Public Service Award, the Office of Special Counsel announced last week.
WORTH NOTING: Some easy tips to help you level up your coffee game … Talk about bad luck following good luck … The housing market in some areas is so hot that even burned-out houses are selling for above asking price … Only 2% of workers want to go back to the office full-time, according to a new survey … How to cash in on National Coffee Day … How to respond if you get ghosted following a job interview … It’s going to cost a lot more to keep your house warm this winter … At least he was honest.
When you should get the flu shot
So happy he’s coming back
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