Borrower’s ‘Without Recourse’ Argument Fails in FDCPA, FCRA Case
- A District Court judge in Florida has granted a defendant’s motion to dismiss claims it violated the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and several other state laws on the grounds that the complaint, which invoked a number of sovereign citizen claims, was “predicated on the ‘patently frivolous’ vapor money theory.”
- More details here
Report Exposes Widespread Use of ‘Coverage Attorneys’ in Debt Collection Cases
- A new academic paper from Harvard Law School warns that the widespread use of “coverage attorneys,” lawyers hired on a per-diem basis to appear in court for collection firms, has become a defining feature of modern debt collection litigation and raises significant ethical and procedural concerns.
- More details here
BofA’s New AI Assistant Offers Roadmap
- Bank of America has launched AskGPS, a generative AI-powered assistant built to help its Global Payments Solutions team instantly resolve client questions by tapping into a database of more than 3,200 internal documents.
- More details here
Compliance Digest – October 13
- Insights from seven different compliance experts — Brit Suttell, Crystal Duplay, Ari Derman, James Schultz, Stacy Rodriguez, Nick Prola and Brooke Conkle — help you make sense of what’s going on in today’s credit and collections world. Their insights can help you understand the trends and inform the important decisions you have to make on a daily basis.
- More details here
- This series is sponsored by Bedard Law Group
WORTH NOTING: Why this is the best week of the year to buy a house … How banks handle consumers who claim to be the victims of fraud … Another ranking of the top colleges and universities across the country … Have we hit the limits of how long we as a species can live? … Tips and insights to help you measure how the economy is doing while the government isn’t … A trio of myths about debt that can hold you back from making smart decisions … Based on my experience, I find the results of this study very incorrect … The most iconic inventions of the last 25 years.
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.
