Account Recovery

OCTOBER 7, 2024

In a case defended by David Grassi and Chad Echols at Frost Echols, along with Brad Armstrong at Moss & Barnett, the Court of Appeals for the Eighth Circuit has vacated a lower court’s summary judgment ruling in favor of a defendant in a Fair Debt Collection Practices Act case, only to have the case dismissed because the plaintiff lacked standing to sue in the first place.

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Judgment Fair Debt Collection Collections 245

True Accord

OCTOBER 7, 2024

After months of inflation woes, both economists and consumers are starting to see a glimpse of optimism.In the first interest rate cut since the early days of the Covid pandemic, the Federal Reserve announced in September 2024 that it is slicing half a percentage point off benchmark rates. So it’s not surprising that Americans are getting more confident that inflation is cooling off, but optimism for the U.S. economy doesn’t extend to personal finances—consumer expectations for going delinquent

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Collections Credit Card Debt Financial services Debt Recovery 57

Account Recovery

OCTOBER 7, 2024

Appeals Court Vacates Summary Judgment Award in FDCPA Case, Dismisses for Lack of Standing Instead Appeals Court Upholds Ruling for Defendant in FDCPA Case Over Furnishing After Cease Request A New Payment Option for Consumers? Compliance Digest – October 7 WORTH NOTING: Get an early jump on Amazon Prime Day with these deals you can have right now … As much as anyone who wants to lose weight, I am not sure this is the way I would go … A lot of the houses hit hardest by Hurricane Hele

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Judgment 130

Account Recovery

OCTOBER 7, 2024

The Court of Appeals for the Second Circuit on Friday affirmed the dismissal of a Fair Debt Collection Practices Act lawsuit filed against a debt collection company that was centered around alleged improper communication practices by the defendant after the plaintiff requested a cease in communication regarding an outstanding debt. The background: The plaintiff alleged the defendant violated the FDCPA and New York state law by not honoring her request to cease communications about the debt becau

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Fair Debt Collection Collection Companies Collections 130

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Account Recovery

OCTOBER 7, 2024

I may get laughed out of the industry for this, and if I end up with egg on my face, it wouldn’t be the first, or last time, that it happens. But I came across this post on Bankrate a couple of weeks ago and it triggered an idea that I thought had some merit and potential, especially as collection operations look for new ways to get consumers to pay their debts.

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Collections 130