News & Analysis as of

Debt Collection Third-Party Agents

Buchalter

Newly Enacted California Consumer Financial Protection Law (AB 1864) Reorganizes and Renames Financial Institutions Regulator for...

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California has enacted a new California Consumer Protection Law (CCFPL), California Financial Code Section 90001 et seq. The CCFPL will convert the Department of Business Oversight (DBO) into a new Department of Financial...more

Ballard Spahr LLP

Seventh Circuit holds identification of original and current creditor in debt collection letter did not violate FDCPA

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The U.S. Court of Appeals for the Seventh Circuit affirmed the district court’s judgment on the pleadings in favor of the defendants (a debt buyer and a collection agency) in a putative class action that alleged the...more

Robinson+Cole Data Privacy + Security Insider

Quest Diagnostics Reports Data Breach Affecting 11.9M Patients in Securities Filing

Another day in the healthc are industry, another big data breach. This week, Quest Diagnostics announced in a security filing with the Securities and Exchange Commission, that a collection agency vendor that it uses for...more

Smith Debnam Narron Drake Saintsing & Myers,...

Debt Collection Letter's Inclusion Of Court Costs Was Not Deceptive

Any opinion that starts out by stating “[t]his case is about $82.00” is not likely to go well for one party and in this instance, that was the case for Nestor Saroza....more

Ballard Spahr LLP

Issuance of Part I of CFPB Debt Collection Rule is imminent

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Much attention has been devoted to the issuance very soon of the CFPB’s small-dollar lending rule. I thought that once that rule was issued, Richard Cordray would soon thereafter resign as Director to return to Ohio to run...more

Ballard Spahr LLP

Director Corday announces extension of comment period for small business lending RFI, restructuring of debt collection rulemaking

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In his prepared remarks for the Consumer Advisory Board meeting held on June 8, 2017, Director Cordray discussed CFPB initiatives in four areas. In addition to the CFPB’s letter to the top retail credit card companies...more

Ballard Spahr LLP

NY Amends Debt Collection Regulations, Issues More Guidance

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The New York Department of Financial Services (DFS) has amended several provisions of its Third-Party Debt Collector and Debt Buyer Regulations and issued additional guidance in the form of new frequently asked questions...more

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