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E.D.N.Y.: Collection Agency Can Enforce Arbitration Clause of Underlying Credit Agreement

The Eastern District of New York just provided some relief for agencies embattled with class action lawsuits. In its decision in Clarke v. Alltran Financial, LP f/k/a United Recovery Systems, LP, 2018 WL 1036951 (E.D.N.Y. Feb. 22, 2018), the court found that a collection agency can enforce the arbitration clause of an underlying credit agreement that the consumer entered into with the original creditor. 

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New Whitepaper: The Latest Trends in Mobile Payments

The digital transformation has left no industry untouched, and changes to financial services are moving particularly swiftly. Find out how consumer habits are changing with regards to mobile payments in this free whitepaper from PaymentVision. Download the whitepaper here.

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DeVos to Assert that Only Department of ED, Not States, Can Regulate Student Loan Servicers

POLITICO has reported that Education Secretary Betsy DeVos plans to take actions that would prevent state regulators from exercising authority over student loan servicers. According to POLITICO, which obtained a draft of the “notice of interpretation,” DeVos argues that only the federal government, not the states, has the authority to oversee federal student loan servicers. 

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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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