Licensing delay in California is due to a change in federal background check processes for applicants, the DFPI says. 05/24/2022 11:45 A.M. 2.5 minute read The California Department of Financial Protection and Innovation (DFPI) announced this week that the issuance of licenses under the Debt Collection Licensing Act is “unavoidably delayed” at this time. Prospective […]
The settlement stems from a 2020 lawsuit against several companies and individuals for reported FDCPA violations. 5/23/2022 4:15 P.M. 1.5 minute read The Consumer Financial Protection Bureau and New York attorney general have filed a proposed stipulated judgment in the U.S. District Court-Western District of New York to settle a 2020 case against an “enterprise” […]
The new measure adds to the CFPB leadership’s regulation by enforcement strategy for financial services companies instead of engaging stakeholders and conducting due process. 05/23/2022 3:45 P.M. 4 minute read Consumer Financial Protection Bureau Director Rohit Chopra has announced a new enforcement strategy known as “Consumer Financial Protection Circulars” that will be issued to the […]
The legislation enacts permanent remote work options for collection agencies in Minnesota effective June 1, thanks to advocacy efforts by the Great Lakes Credit and Collection Association. 05/23/2022 12:30 P.M. 5 minute read Key Takeaways The new law permits employees of collection agencies to continue working from home as it was established in the beginning of […]
The rules will implement robocall mitigation and build on the FCC’s other efforts to stop illegal robocalls. 05/20/2022 3:30 P.M. 2.5 minute read The Federal Communications Commission has unanimously adopted new rules to and an international robocall order to stop illegal robocalls that originate overseas from entering American phone networks. The proposal issued before the […]
A summary of recent top FCRA, TCPA and FDCPA cases from ACA. Editor’s note: This article is available for members only. 05/20/2022 11:00 A.M. 4 minute read Each week, ACA International’s compliance team covers relevant case summaries for ACA members. Members may also submit cases for consideration to our compliance team at [email protected] Here are the […]
Members gathered in Washington, D.C., for the return of the Washington Insights Fly-In May 18-19. Members of Congress from both sides of the aisle attended the ACA event, which also featured panel discussions on state laws, medical debt credit reporting, and the upcoming midterm elections. Editor’s note: This article is available for members only. 5/19/2022 […]
The letter addresses recent changes to UDAAP manuals focused on supervisory examinations as well as Chopra’s regulatory and enforcement agenda. 05/19/2022 3:30 P.M. 3 minute read The ranking member of the House Financial Services Committee, U.S. Rep. Patrick McHenry, R-N.C., and the ranking member of the Subcommittee on Consumer Protection and Financial Institutions, U.S. Rep. […]
A consumer failed to state a claim under Section 15 U.S.C. Section§ 1692f(1) of the FDCPA, which permits the collection of amounts authorized by the agreement creating the debt, after a state court deemed the attorney’s fees were reasonable in the case. 05/18/2022 5:30 P.M. 4.5 minute read Hrdlicka v. Bruce, No. 3:21-cv-00033 GFVT, 2022 […]
A consumer filed suit to stop a foreclosure on her home. When the foreclosure did not occur, the lender negotiated a short sale, and the consumer amended her complaint to allege that the lender violated the Fair Debt Collection Practices Act when it mailed a notice of non-judicial foreclosure. The lender moves for summary judgment. […]
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