Plaintiff Seeks $30k in FDCPA Suit
- A plaintiff has filed a lawsuit against a collection operation, accusing it of violating the Fair Debt Collection Practices Act by failing to properly validate a debt and contacting him at inconvenient times, and is seeking the discharge of the debt was well as $30,000 in actual and statutory damages.
- More details here
- This series is sponsored by WebRecon
Collector Settles Data Breach Lawsuit for $5.6 Million
- A District Court judge in Washington has given final approval to a $5.6 million settlement in a data breach lawsuit against Receivables Performance Management, a Washington-based collection agency, which compromised the personal information of over 3.7 million individuals. The breach, which occurred in April 2021, involved a ransomware attack on the company’s servers.
- More details here
Performant Recovery Penalized $700,000 for Delayed Loan Relief Scheme
- The Consumer Financial Protection Bureau yesterday announced an enforcement action against Performant Recovery, Inc., a debt collection agency accused of delaying student loan rehabilitations to increase fees. Performant’s practices, which cost individual borrowers thousands of dollars, have resulted in a $700,000 penalty and a ban on the company from servicing or collecting any student loan debt.
- More details here
Older Americans Struggle with Medical Debt Amid High Out-of-Pocket Costs
- Even with near-universal Medicare coverage, older adults in the U.S. face substantial financial barriers to accessing necessary medical care. A new Commonwealth Fund survey highlights the growing strain of medical debt on this demographic, with implications for health outcomes and debt collection trends.
- More details here
InDebted Announces Acquisition of Receeve to Transform Enterprise Collections Market
- InDebted, the global partner in collections solutions for future-thinking organizations, today announced the acquisition of Receeve, a leading collections decisioning software provider.
- More details here
WORTH NOTING: The best Lego sets for kids … Vehicles with taller front ends are, perhaps not surprisingly, more dangerous for pedestrians … What those mysterious sounds means when you are flying on a plane … How artificial intelligence can help boost detection of breast cancer … More Americans are planning on giving out holiday tips this year, but the amounts are the same as last year … A survey of the credit card landscape … Would it surprise you to know that researchers have concluded our knowledge of knots is not good? … In hindsight, there was probably a better way to deal with this situation.
Trailer Tuesday, part I
Trailer Tuesday, part II
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