Second Circuit Opinion Repeats Its Prior Ruling on Interest Disclosures Because of Continued Litigation on Already-Decided Issues

Just when you think that you’ve seen the last of the interest disclosure issue out of New York, it rears its ugly head again. Luckily, the Second Circuit has yet again stood by the collection letter sent by the agency, finding no Fair Debt Collection Practices Act (FDCPA) violation despite the plaintiffs’ many attempts to twist and turn the interest disclosure argument. The decision is Kolbasyuk v. Capital Management Services, LP, No. 18-1260 (2d Cir. 2019).

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News and Opinion

from insideARM.com

» IRS PDC Program Continues to Succeed, Collected $130.6 million Through December 2018

» Second Circuit Opinion Repeats Its Prior Ruling on Interest Disclosures Because of Continued Litigation on Already-Decided Issues

» Fact Checking John Oliver’s Robocall Bit: It was Hilarious– but was it Accurate?

» Staying Ahead of Compliance in the Accounts Receivable Management Industry

» FTC Seeks Comment on Data Security and Privacy Rules

» iA Video Series: The Power of Connection for Women in Consumer Finance

» Three Lessons for Debt Collectors from the CFPB’s Latest Supervisory Highlights: Amount Owed Accuracy, Disclosures, And Payment Dates

IRS PDC Program Continues to Succeed, Collected $130.6 million Through December 2018

A new quarterly report to Congress on the Internal Revenue Service’s (IRS) Private Debt Collection (PDC) Program shows continued success. Since the third iteration of the PDC Program was implemented, it brought in total revenue of over $130.6 million. Less the overall costs of the program, which were $77.6 million, the program’s latest net balance is $52.9 million. The report focuses on Fiscal Year 2019, which begins on October 1 for the federal government, through December 13, 2018.

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The First Party Summit - A New Kind of Conference

17 June 2019 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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