Court Finds Letter to Debtor is Not a Debt-Collection Communication Under the FDCPA

Recently, in Velez v. Absolute Resolutions Investments., LLC, the district court for the Northern District of Illinois confirmed the long-standing principle that not all communications sent from a debt collector to a debtor are governed by the Fair Debt Collection Practices Act (FDCPA). Instead, the communications must be in connection with the collection of a debt to fall within the statute’s purview.

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CFPB Proposes Registry for Supervised Nonbanks Using Form Contracts Containing Arbitration Provisions, Waivers, or Other Limits

The CFPB has issued a proposed rule to establish a system for the registration of nonbanks subject to CFPB supervision that use “certain terms or conditions that seek to waive consumer rights or other legal protections or limit the ability of consumers to enforce their rights.”  Arbitration provisions are among the terms that would trigger registration.  The CFPB did not issue an Advance Notice of Proposed Rulemaking to seek public input before issuing the proposal.  Comments on the proposal must be filed by March 13, 2023 or 30 days after the date it is published in the Federal Register, whichever is later.

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Huntington Debt Holding Supports The SPCA Serving Erie County

BUFFALO, NY - Huntington Debt Holding, a nationally licensed receivables management firm located in Buffalo, NY, recently donated to the SPCA Serving Erie County, the second-oldest humane society in the country. Huntington’s corporate values of integrity, security, and trustworthiness start with our unwavering dedication to our community, employees in the community, and the families that we help serve.

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2022 Data Privacy Roundup – New Laws, Rulemaking, and Important Dates

The upward trend in data privacy legislation continued in 2022. According to the National Conference of State Legislatures, “[a]t least 35 states and the District of Columbia in 2022 introduced or considered almost 200 consumer privacy bills,” which is a significant increase from 160 bills in 2021.

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Tenth Circuit Affirms Dismissal of FDCPA Mailer-Vendor Claims

A recent opinion issued by the Tenth Circuit serves as further confirmation that plaintiffs bringing Fair Debt Collection Practices Act (FDCPA) claims in federal court must allege sufficient concrete injury — tangible or intangible — to confer Article III standing. The holding also underscores that FDCPA claims predicated on disclosure of debtor information to third parties must be public. A debt collector’s limited, private disclosure to its mailing vendor does not suffice.

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TrueML Names Thomas Overton as Chief Technology Officer

LENEXA, Kan. -- One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication in the financial services space, today announced that Thomas Overton will join as Chief Technology Officer.

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Featured Resources and Webinars

from insideARM.com

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