Encore Enters $6M Settlement Agreement with 42 State AGs, DC AG in Affidavit Robosigning Matter

Yesterday, Encore Capital Group, Inc. (Encore) entered into a $6 million settlement agreement with several state Attorneys General. The matter involved Encore, its subsidiaries Midland Funding, LLC and Midland Credit Management, Inc., and 42 states (see list below) and the District of Columbia. In addition to the $6 million, Midland must also internally set aside $25,000 per state for restitution to consumers. According to a press release by the Illinois Attorney General, this investigation revolved around the alleged practice of “robosigning” affidavits used in collection litigation.

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News and Opinion

from insideARM.com

» How Recent Legislative, Judicial and Regulatory Developments Have Made Understanding TCPA Compliance More Important (and Complex) than Ever Before

» Encore Enters $6M Settlement Agreement with 42 State AGs, DC AG in Affidavit Robosigning Matter

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» D.N.J.: If Relationship Between Collector and Creditor is Clear, Including Chain of Title Does not Make Creditor Identification Unclear

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» Summit Provides Insights on Hot Trends and Issues in Consumer Protection and Privacy

How Recent Legislative, Judicial and Regulatory Developments Have Made Understanding TCPA Compliance More Important (and Complex) than Ever Before

With the long-awaited ACA Int'l ruling finally handed down— predictably overruling the FCC's disastrous 2015 Omnibus Ruling-and with the fate of the TCPA seemingly resting in the confident hands of the FCC’s new Chairman—business-friendly Republican Trump-appointee Ajit Pai— it looked like large-scale TCPA litigation was headed to the dustbin of history. Yes, there would be some death throws—some DNC class actions and some overly-inventive forays into VOIP or delivery restriction cases— but the TCPA as we knew and hated would soon be dead.

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Women in Consumer Finance Conference

10 December 2018 at 06:00 p.m.

Sharpen your leadership skills, expand your professional network and help improve your workplace culture when you attend Women in Consumer Finance 2018 – a conference and networking event for ALL women in consumer finance.

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