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New CFPB Bulletin Addresses Unlawful Medical Debt Collection and Credit Reporting

On January 13, 2022, the CFPB released a bulletin to remind debt collectors of their obligations under the No Surprises Act, which protects consumers from certain unexpected medical bills. The bulletin reminds companies that if they attempt to collect on prohibited debts, they face potential liability under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).

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Central Portfolio Control Provides for Minnesota Homeless Over Holidays

MINNETONKA, Minn. -- Central Portfolio Control (CPC), a debt collection agency in the western suburbs of Minneapolis, MN, helped the less fortunate this holiday season through an initiative to assemble and distribute care packages for people experiencing homelessness in the area. The Twin Cities of Minneapolis and Saint Paul, just a short drive East from CPC’s headquarters, have an ongoing need for homeless assistance and resources, particularly during the winter as the temperatures routinely dip well below freezing.

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New York Reduces Judgment Rate on Consumer Debts to 2%

On December 31, 2021, New York Governor Hochul signed into law S5724-A which reduces the annual rate of interest on judgments arising out of a consumer debt where the defendant is a natural person from 9% to 2%.  The laws take effect 120 days from the Governor’s signature, which is April 30, 2022.

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Date set for Hunstein Rehearing on Standing

The U.S. Court of Appeals for the 11th Circuit has scheduled the oral argument for the rehearing en banc in Hunstein vs. Preferred Collection & Management Services, Inc. for February 22, 2022 (en banc means the full panel of 11th Circuit Judges will hear the matter).  The order setting oral argument follows the November 23, 2021 Order in which the Court instructed counsel to focus their briefs on one issue: Does Mr. Hunstein have Article III standing to bring this lawsuit?

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2021 Review of State and Federal Data Privacy Legislation

Despite the national and global events that took center stage in 2021, the upward trend in data privacy legislation at the state level continued and with the addition of the amendments to the Safeguards Rule, 2022 brings new compliance challenges for many businesses and financial institutions.

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Credit Control, LLC Announces Phil Thomas as New Vice President of Sales

ST. LOUIS, Mo. -- Credit Control, LLC (“Credit Control”) is proud to announce that Phil Thomas has joined the company as Vice President – Sales. He joins an established team of industry experts specializing in consultative sales & business development and will be a key part of the Credit Control team’s focus on expanding its national presence as industry leaders in the collections and recovery industry.

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