The U.S. Court of Appeals for the Eleventh Circuit has delivered a novel and highly consequential interpretation of the Fair Debt Collection Practices Act that is potentially transformative for debt collectors and their...more
As cybersecurity threats stemming from the novel coronavirus (“COVID-19”) pandemic continue to increase, the New York Department of Financial Services (“NYDFS”) has issued two pieces of guidance that require all regulated...more
Social networking giant Facebook has unveiled plans for a global digital currency, which the company hopes will “transform the global economy” by offering an easy-to-use alternative to cash, credit card transactions, and bank...more
In a win for the collection industry, the Second Circuit Court of Appeals confirmed an “interest disclaimer” is only necessary on collection notices if the debt is accruing interest. While this much-needed clarification may...more