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Daily Digest – October 16. Encore to Pay $15M to Settle CFPB Suit; Judge Denies MTD in FDCPA Case Over Garnishment SOL

Account Recovery

ENCORE TO PAY $15M TO SETTLE CFPB LAWSUIT The Consumer Financial Protection Bureau yesterday announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp.

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Daily Digest – March 14. Getting to Know Matt Jubenville of Midland Credit Management; Passive Debt Buyer Meets Definition of Debt Collector Under FDCPA, Indiana State Law, State Appeals Court Rules

Account Recovery

Getting to Know Matt Jubenville of Midland Credit Management Passive Debt Buyer Meets Definition of Debt Collector Under FDCPA, Indiana State Law, State Appeals Court Rules Medical Debt Credit Reporting Bill Advances in Illinois Senate Employers Need Education on Student Loan Garnishments PRA Group Appoints Glenn Marino to Board of Directors WORTH (..)

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Tenth Circuit Adopts “Reasonable Consumer” Standard to Determine Materiality Under FDCPA

Troutman Sanders

Pioneer Credit Recovery, Inc. , the plaintiff defaulted on his student loan payment, and the account was sold to Educational Credit Management Corporation (ECMC), a federal student loan guarantee agency, which then contracted with Pioneer Credit Recovery, Inc. In Tavernaro v. Pioneer) to help collect the debt.

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Best Practices for Resolving Medical Accounts

Credit Management Company

Any extraordinary collection actions (ECAs) such as lawsuits, liens, wage garnishment should be used with discretion, and your third-party representative should be aware of your policies. Any accounts that are sent to collections must follow the board-approved collections processes.

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California Federal Court Halts Allegedly Deceptive Debt Collection Practices by Blackrock Services, Inc. and Affiliates

Troutman Sanders

along with Liberty Credit Management, Inc., Threats of Legal Action : The defendants threatened consumers with arrest, imprisonment, wage garnishment, and liens on property, despite having no authority or intention to take such actions. The FTC’s complaint , filed on February 24, 2025, alleges that Blackrock Services, Inc.,