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Judge Dismisses Most Claims in FDCPA Class-Action

Account Recovery

A District Court judge in Virginia has dismissed the majority of claims against several defendants in a Fair Debt Collection Practices Act class-action lawsuit, but allowed one key claim against a collection agency to proceed. Bank National Association. Learn more.

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Collection Agency Defeats MTD in Suit Against S.C. AG Seeking to Overturn Anti-Spoofing Statute

Account Recovery

In what is certainly a first for me, a collection agency — which is represented by The Echols Firm — has defeated a motion to dismiss a lawsuit for lack of standing. But this is not a run-of-the-mill Fair Debt Collection Practices Act suit.

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How Large Language Models Can Revolutionize Consumer Engagement in Collections

Account Recovery

The credit and collection sector could be next. Why it matters: As collection agencies, debt buyers, fintechs, banks, and credit unions seek to improve consumer engagement, LLMs offer a potential solution for more natural and effective communication. What’s next: Just as LLMs in AVs operate within certain parameters (e.g.,

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Plaintiff’s Law Firm to Pay Plaintiff, Defendant $50k As Part of Consent Decree

Account Recovery

Frost Echols, representing the defendant a collection agency in this case, discovered the irregularities after attempting to depose the plaintiff. The law firm agreed to pay a total of $50,000, with $35,000 going to the collection agency defendant and $15,000 to the plaintiff. Read the consent decree.

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ACA International Sues NYC Over New Debt Collection Regs

Account Recovery

ACA International on Friday sent out an alert to its members letting them know that the association, on behalf of one of its members, has filed a lawsuit seeking to block the enactment of debt collection rules that are slated to go into effect in New York City in December.

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Daily Digest – December 2. Collector Accused of Violating Reg F Over Debt Parking; Data Breach at Wash. Collection Agency Impacts 3M Consumers

Account Recovery

Collector Accused of Violating Reg F Over Debt Parking; Data Breach at Wash. Collection Agency Impacts 3M Consumers first appeared on AccountsRecovery.net. Collection Agency Impacts 3M Consumers first appeared on AccountsRecovery.net. Collector Accused of Violating Reg F Over Debt Parking; Data Breach at Wash.

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Judge Partially Dismisses FDCPA Class Action Over Collection Letter, Dispute

Account Recovery

A District Court judge in Illinois has dismissed one of the two counts in a Fair Debt Collection Practices Act class action against a debt buyer and collection agency, ruling that the plaintiff did not have standing to sue by claiming that the addition a phrase to the outside of the envelope containing a collection … The post Judge Partially (..)