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New Judge in Dept of ED Case Makes First Move

Today Judge Thomas C. Wheeler, who last week took over the case of Continental Service Group Inc. et al. v. The United States in the matter of the Department of Education private collection agency contract, made his first move.

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How the CFPB’s newest rule impacts your payment processing

The CFPB’s long-awaited payday lending rule has a lot to say about payday lending and payment processing. Which loans qualify for the rule? What processes do you need to put in place? How can you ensure compliance? Find out with CFPB’s Newest Rule Highlights a Need for Compliant Payment Processing, a free whitepaper from PaymentVision.


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Richardson v. LVNV Funding, LLC and the Dilemma of Unclear Out-of-Stat Requirements

Yet again, the industry is punished for the gaps left by statutes and regulations.  Only a handful of jurisdictions provide a verbatim safe harbor disclosure to use when collecting on debts that are beyond the statute of limitations, meaning that the creditor can no longer recover the debt through a lawsuit.  For states like Illinois that do not provide a safe harbor disclosure, agencies and their legal counsel must use their best judgment to come up with an appropriate disclosure.  Unfortunately, this lack of clarity leads to hyper-technical lawsuits on letter wording where agencies are at the courts’ mercy, hoping their disclosure passes muster. 

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The First Party Summit - A New Kind of Conference

4 June 2018 at 06:00 p.m.

The industry's first-ever and only Summit focused totally on the unique challenges of First Party Collections, Outsourcing, and Customer Care.

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