Judge Rules Attempt to Collect on High APR Loan Did Not Violate FDCPA or California Law
- In a case that was defendant by Brendan Little at Lippes Mathias, a District Court judge in California has granted a defendant’s motion for summary judgment that it did not violate the Fair Debt Collection Practices Act and California state law by attempting to collect on a loan where the Annual Percentage Rate (APR) was more than 125%. The judge granted the motion while a motion for class certification was pending.
- More details here
Consumer Advocates, Bank Groups Push Back on CFPB’s Supervision Proposal
- Consumer groups and industry trade associations are urging the Consumer Financial Protection Bureau not to scale back its supervisory authority over nonbanks — but for very different reasons.
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Ill. Appeals Court Upholds Ruling for Collection Agency in FDCPA Harassment Case
- An Illinois State Appeals Court has affirmed a lower court’s ruling in favor of a collection operation that was sued for violating the Fair Debt Collection Practices Act because, among other claims, it allegedly engaged in harassing behavior against the plaintiff; however, it was the plaintiff who made “threatening, intimidating, and vulgar statements.”
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Compliance Digest – September 29
- Six experts — Virginia Bell Flynn, David Schultz, Chad Echols, Michael Chapman, Heath Morgan, and Alex McFall — weighing in on six different updates or trends impacting the credit and collection industry now. This is “Ripped from the headlines” context and perspective, people. Make sure you know exactly what you need to know, before it becomes a problem.
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: Your perspective on how well the economy is doing is going to be influenced by how much money you are making right now … Lawmakers in Indiana have opted not to proceed with a medical debt bill … Federal employees are starting to feel the pain of all the cutbacks in Washington, D.C. … The House Financial Services Committee is planning a hearing on artificial intelligence next month … Consumers are scaling back on big home remodeling projects in favor of more cost-effective renovations … Gift ideas to help java fans celebrate National Coffee Day, which is good because the cost of coffee is going up … Mistakes that leaders make when giving employees feedback … “Workslop” is the new buzzword making the rounds in offices nationwide.
Music Monday, part I
Music Monday, 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.
