COLLECTOR FACING CLASS-ACTION FOR INCLUDING STATE DISCLOSURE THAT PURPORTEDLY CONFLICTS WITH FDCPA
- Collectors are often faced with the dilemma of laws and regulations that contradict each other. A state may enact a law that has a provision which conflicts with what they need to do under the Fair Debt Collection Practices Act, for example. A collector finds itself the subject of a FDCPA class-action lawsuit because it included a disclosure related to collection regulations in Massachusetts that the complaint alleges actually violates the FDCPA.
- More details here.
- This series is sponsored by WebRecon
JUDGE GRANTS MTD IN FDCPA CASE OVER UNDATED MVN
- For anyone facing a lawsuit over sending an undated Model Validation Notice — or anyone worried about facing such a suit — a District Court judge in Illinois has granted a defendant’s motion to dismiss a suit accusing it of violating the Fair Debt Collection Practices Act because it sent the plaintiff an undated MVN, ruling the plaintiff lacked standing to sue because she did not suffer a concrete injury.
- More details here.
COVID-19 LINKED TO FINANCIAL ISSUES FOR PATIENTS: STUDY
- A study, published in the Journal of Hospital Medicine has linked individuals who tested positive for COVID-19 with having more debts that were placed with a collection agency and being more likely to have a lower credit score, regardless of whether the individuals were treated at a hospital or not.
- More details here.
DEBT RELIEF SCAMMERS BANNED FROM INDUSTRY AFTER BILKING MILLIONS FROM CONSUMERS
- A trio of individuals have been permanently banned from the debt relief industry and must forfeit assets to help pay off a partially suspended $17 million judgment as part of an enforcement action by the Federal Trade Commission, the agency announced yesterday.
- More details here.
SENIOR COMPLIANCE ADVISOR DEBRA CISKEY JOINS ARM COMPLIANCE BUSINESS SOLUTIONS
- ARM Compliance Business Solutions is excited to announce that Debra Ciskey has joined the company as a Senior Compliance Advisor. In this role, Debra will navigate ARM Compliance Business Solutions’ clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, training development, service provider oversight, audit controls and risk assessments.
- More details here.
WORTH NOTHING: Companies are building places for employees to rent or buy to help with housing shortages … ChatGPT gives better medical advice than doctors … A new report reveals why most flights get canceled … Answering the question – how long should a cover letter be in 2023? … Uber reveals the most common and unusual items left in its cars … The best looks from last night’s Met Gala … What every consumer should know about bank failures … The surgeon general issued a warning yesterday about loneliness.
Trailer Tuesday, part I
Trailer Tuesday, part II
The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.
