More Suits Alleging Omission of California License Numbers
- It’s not sexy or salacious, but it’s definitely something that is popping up more and more on the dockets of federal judges in California; a collection operation is facing claims it violated the Fair Debt Collection Practices Act and Rosenthal Fair Debt Collection Practices Act for sending communications to the plaintiff that did not include the defendant’s license number for California.
- More details here
- This series is sponsored by WebRecon
New Jersey Court Dismisses FCRA and FDCPA Claims Tied to Account Transfer
- A federal judge in New Jersey has dismissed a pro se lawsuit accusing a debt buyer and loan servicer of violating the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and New Jersey Consumer Fraud Act over the reporting and transfer of an account.
- More details here
Judge Rejects FCRA Claims Over Conflicting Payment Dates and Charge Off Reporting
- A District Court judge in Illinois has granted summary judgment in favor of a furnisher in a Fair Credit Reporting Act case after finding that the company reasonably investigated a dispute over conflicting payment dates and properly corrected inaccurate information with one credit reporting agency. The judge also addressed common misconceptions about charged off accounts, IRS Form 1099-C reporting, and whether automation alone can create FCRA liability.
- More details here
PRA Group Details AI, Legal Collection, and Offshore Strategy Behind Strong Q1 Results
- PRA Group yesterday reported net income of $28.2 million, or $0.73 per share, compared to $3.7 million, or $0.09 per share, during the same period last year, as the company continued to lean heavily into legal collections, digital engagement strategies, and technology modernization efforts. Revenue increased 17% year-over-year to $314.5 million, while cash collections climbed 11% to $551.9 million. Company executives said during a call with analysts that investments in legal collections, AI initiatives, offshore resources, and digital channels are beginning to generate stronger operating leverage and improved recoveries across both the U.S. and Europe.
- More details here
CFPB: Nearly 40% of Consumers Carry Hidden Household Debt Exposure
- A new report from the Consumer Financial Protection Bureau suggests that millions of Americans may be carrying significantly more household debt risk than traditional credit reporting models reveal, a finding that could reshape how lenders, collectors, and financial institutions think about consumer financial health. According to the CFPB, nearly 38% of consumers with a credit record are “credit-linked,” meaning they share financial obligations with another consumer in a way that creates hidden household-level exposure.
- More details here
Nordis Technologies Promotes Nicole Miller to President
- Nordis Technologies, a fast-growing leader in omnichannel customer communications management and payments technology solutions, has named Chief Operating Officer Nicole Miller to the additional role of President.
- More details here
WORTH NOTING: Non-traditional Mother’s Day gift ideas that resonate … A look at just how much credit card debt American consumers are carrying these days … How one tiny habit can help you save thousands of dollars … Why you can never get your doctor to call you back … Just how much of a price tag Americans are putting on having “peace of mind” … Think a conversation is going to be boring? Scientists say you should think again … Is your morning cup of coffee actually making you more tired? … Researchers asked moms what they wanted for Mother’s Day. Their answers may surprise you.
Funny Friday, part I
Funny Friday, part II
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