Collector Facing FDCPA Class Action Over ‘Unlawfully Shortened’ Validation Period
- This is one of those complaints that I chose because I’m not a lawyer and I’m really curious what happens in these kinds of situations. I’m not making light of the fact that a class-action lawsuit has been filed against a collector for violating the Fair Debt Collection Practices Act because it sent a — dated — Model Validation Notice, but allegedly did not provide the statutory 30 days for the plaintiff to dispute the debt. But there’s a typo in the complaint that might change things. Or it might not because it’s likely just an oversight. This is what makes it interesting to me.
- More details here.
- This series is sponsored by WebRecon
Judge Grants MTD in FDCPA Class Action Over Alleged Unlicensed Activity
- A District Court judge in Maryland has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action after the defendants were accused of attempting to collect on unpaid debts without having the proper licenses to do so in the state. For anyone who has seen complaints against debt buyers, not having the proper license is a very frequent claim made by plaintiffs.
- More details here.
Profits Fall at Encore as Consumer Behavior Normalizes, But Supply of Defaulted Debt Keeps Growing
- The good times of the COVID-19 pandemic are over and “normalized consumer behavior” is back, according to the chief executive of Encore Capital Group, using the phrase to explain the company’s second quarter financial performance. Overall, the company recorded net income of $26.3 million during the second quarter of 2023, compared with $60.4 million during the same period a year ago.
- More details here.
FCC Imposes $300M Fine on Perpetrators of Illegal Robocall Scam
- The Federal Communications Commission yesterday imposed a penalty of $300 million against the perpetrators of an illegal “auto warranty” robocall scam that purportedly made more than 5 billion robocalls to 500 million phone numbers during a three-month period of 2021. The fine is the largest ever assessed by the FCC and speaks to the size and scope of the underlying activities that were being called out.
- More details here.
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Funny Friday, part I
Funny Friday, part II
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