GLCCA Board Member Spotlight: Rebecca Roberts-Stewart
January 29, 2024
Menu
Please visit ACA's Newsroom for the latest.
Each week, ACA International’s compliance team covers relevant case summaries for ACA members. Here’s a rundown of recent top FCRA, TCPA and FDCPA cases we’ve covered. 05/10/2024 2:55 P.M. 2.5 minute read Each week, ACA International’s compliance team covers relevant case summaries for ACA members. Members may also submit cases for consideration to our compliance team [...] Read More... The post Daily Decision Recap: Frivolous Claims, Serial Litigants and More appeared first on ACA International.
The final rule clarifies its applicability to health apps and other similar technologies not covered under HIPAA. 05/10/2024 11:40 P.M. 2 minute read In a move to bolster consumer privacy in the digital health landscape, the Federal Trade Commission recently announced significant updates to the Health Breach Notification Rule (HBNR). These revisions aim to modernize [...] Read More... The post FTC Finalizes Updates to Health Breach Notification Rule appeared first on ACA International.
Kracl is taking her business experience and community and government ties in Nebraska to a new level in local politics. 05/09/2024 3:35 P.M. 2.5 minute read The recent legislative session in Nebraska presented a few bills that, without amendments, would negatively impact area businesses. As president of Credit Bureau Service Inc. in Fremont, Neb., which [...] Read More... The post ACA Member Roxie Kracl Runs for Nebraska State Senate appeared first on ACA International.
The resource covers data definitions and who is required to comply with the law, taking effect July 1, among other details. 05/08/2024 1:35 P.M. 1 minute read The Oregon Department of Justice has new FAQs for consumers and businesses to prepare for the effective date of the Oregon Consumer Privacy Act, Senate Bill 619 (PDF), [...] Read More... The post Oregon Releases FAQs for Compliance with State Data Privacy Law appeared first on ACA International.
Suit Accuses Collector of Leaving Voicemail That Wasn’t Limited Content Message Judge Grants MTD in FDCPA Case Over Reported Debt Following Cease-and-Desist Profits Up 25% at Encore Capital NJ Appeals Court Affirms Ruling Over Motion to Vacate Default Judgment WORTH NOTING: Workers who left their jobs during the COVID-19 pandemic are starting to regret it
The Appellate Division of the Superior Court of New Jersey has affirmed a lower court’s ruling that an individual who was sued for an unpaid debt and failed to respond waited too long to file a motion to vacate the default judgment against her. The Background: The original collection lawsuit was filed by the plaintiff
Profits were up 25% on a year-over-year basis at Encore Capital Group, as the company continued to take advantage of an increased supply of portfolios to purchase and favorable collection conditions, thanks to hiring an additional 500 account managers. Overall, the company’s net income in the first quarter was $23.2 million, up from $18.6 million
A District Court judge in the District of Columbia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case filed by a pro se plaintiff, ruling the plaintiff did not provide sufficient evidence in his complaint to state a claim. It appears as thought the plaintiff’s argument is that a cease-and-desist
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), recently issued Mortgagee Letter 2024-07 addressing reconsideration of value (ROV) policies in connection with appraisals for FHA insured mortgage loans under the Title II forward mortgage loan and reverse mortgage loan programs. The amended Mortgagee Letter may be implemented immediately but must be implemented for FHA case numbers assigned on or after September 2, 2024.… Continue Reading Continue Reading…
Judges are beginning to address the increasing use of AI tools in court filings—including reacting to instances of abuses by lawyers using it for generative purposes and requiring disclosures regarding the scope of AI use in the drafting of legal submissions. Now JAMS, the largest private provider of alternative dispute resolution services worldwide, has issued rules—effective immediately—designed to address the use and impact of AI.… Continue Reading Continue Reading…
The industry group plaintiffs in NAIB et al. v. Weiser et al., the lawsuit challenging Colorado’s opt-out legislation, have filed their reply to the brief filed by the Colorado Attorney General and Colorado Uniform Consumer Credit Code Administrator in opposition to the plaintiffs’ motion for preliminary injunction. In their reply, the plaintiffs also respond to the amicus brief filed by the FDIC supporting Colorado’s position.… Continue Reading Continue Reading…
Our special guest is Brian Johnson, Managing Director of Patomak Global Partners and former CFPB Deputy Director. In November 2023, the CFPB issued a proposed rule to supervise nonbank companies that qualify as larger participants in a market for “general-use digital consumer payment applications.” In this episode, we first discuss the CFPB’s authority to supervise nonbank entities considered to be “a larger participant of a market for other consumer financial products or services” and its previous use of that authority. … Continue Reading Continue Reading…
The Buy Now Pay Later ("BNPL")[1] legislation introduced by New York Governor Kathy Hochul officially died last week. However, BNPL legislation introduced last month by New York Assemblymember Pamela Hunter remains active and, similar to the Governor's bill, proposes that New York be the first state to require BNPL lenders to obtain a state license. More › Tags: BNPL, Licensing, New York, New York Department of Financial Services, New York Legislation, Proposed Legislation
Last week, the Texas Supreme Court answered the Fifth Circuit’s certified question as to whether simultaneous rescission and reacceleration can reset the limitations period under Texas Law by holding that “a rescission that complies with the statute [Tex. Civil Practice and Remedies Code Section 16.038] resets limitations even if it is combined with a notice of reacceleration.” Moore v. Wells Fargo Bank, N.A., No. 23-0525, 2024 Tex. LEXIS 156, at *2 (Feb. 23, 2024). More › Tags: Compliance, Corporate Compliance, Mortgage, Mortgage Acceleration, Mortgage Debt, Mortgage Foreclosure, Mortgage Loan Acceleration, Mortgage Loans, Mortgage Servicers, Mortgage Servicing, Regulatory Compliance, Reverse Mortgage, Statute of Limitations, Texas
On February 16, 2024, the Consumer Financial Protection Bureau (CFPB) issued its revised rule addressing how financial institutions can appeal their compliance ratings or adverse material findings by the Bureau. The rule is an update to the Bureau's November 2015 revisions. More › Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Financial Regulatory
On January 18, 2024, the United States Supreme Court heard oral arguments in two cases challenging the Chevron doctrine of statutory interpretation, Loper Bright Enterprises, et al., v. Gina Raimondo, Secretary of Commerce (Loper-Bright) and Relentless, Inc. v. Department of Commerce (Relentless). Under the Chevron doctrine, courts are supposed to grant deference to an agency's reasonable interpretation of an ambiguous statute. More › Tags: Financial Regulatory, Regulation, Regulatory, Statutory Interpretation
Copyright © 2024 GLCCA