Name: Collection Industry News
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Telephone: 561-995-9662

Damages That Debtors Have Been Awarded When Suing Collectors. FYI – Be Careful
By: Robert Pinchuck There are thousands of demands made on creditors, collection agencies, debt buyers, and other attorneys every month by FDCPA litigant attorneys. The business is showing no signs …
Ways to Locate Hidden Assets
It’s no easy task, but you have to be creative to locate assets – especially when dealing with debtors who are actively finding ways to hide them. For example, buying …
The Best Methods of Judgment Satisfaction
Won your lawsuit? Received a judgment? What’s next? 1. Strategy Debtors have the right to appeal. Check with your state on how long a defendant has until he must file …

CA Federal Judge Enters $267 Million Judgment Against Debt Collector For Robocalls
Consistent with the statute and jury verdict, the judge ordered the defendant to pay $500 for each call plus interest resulting in a fine exceeding $267 million. The case involved …
Is Sanders’ Plan To Erase $81 billion in U.S. Medical Debt Really All That Crazy?
Critics have attacked Sen. Bernie Sanders for his proposal to wipe out $81 billion in medical debt, including by changing rules around debt collection and bankruptcy. He also called for …
BREAKING: CFPB Sues Maryland Debt Collection Company
The United States Court of Appeals for the Third Circuit recently affirmed a District Court’s decision granting a debtor’s motion for summary judgment and finding that a quick response (“QR”) …
Chicago City Council Approves Ticket And Debt Collection Reforms
The Chicago City Council on Wednesday overwhelmingly approved an overhaul of its punitive ticketing and debt collection system, including an end to the suspension of driver’s licenses over unpaid parking …

Idaho Billionaire Gives Another $500k To Fight Debt Collection Firm
IDAHO FALLS, Idaho (KIFI/KIDK) – Idaho Falls businessman Frank VanderSloot and his wife Belinda have announced a second $500,000 donation to help Idaho citizens defend themselves from overly aggressive medical …
Advantages of Partnering with a Fully Licensed Collections Agency
Collecting from a delinquent debtor can be challenging work, even for an experienced collections agency, so imagine how difficult it can be for businesses with little to no debt collection …
NCBA Files Formal Debt Collection Rulemaking Comments with CFPB
The Consumer Financial Protection Bureau (CFPB) released its Notice of Proposed Rule on Debt Collection, Proposed Regulation F in May of this year. Since that time, National Creditors Bar Association …

CA Enacts Law Prohibiting Post-Secondary Schools From Withholding Transcripts As Debt Collection Tool
On October 4, California Governor Gavin Newsom signed into law Assembly Bill 1313, which prohibits postsecondary schools from withholding transcripts as a debt collection tool. The law is effective January …
Despite Holding The TCPA’s Government Debt Exemption Is Unconstitutional, Mass. Moves Forward
On September 24, 2019, the District of Massachusetts held in Katz v. Liberty Power Corp., LLC that the government debt collection exemption to the Telephone Consumer Protection Act (“TCPA”), 47 …
CFPB Suit Against Mortgage Servicer Dismissed In Part As Shotgun Pleading
On September 5, 2019, the U.S. District Court for the Southern District of Florida granted in part and denied in part a mortgage servicer’s motion to dismiss from a 2017 …

Trade Mark Re-filing And Bad Faith – Go Directly to Jail. Do Not Pass GO, Do Not Collect $200
Hasbro Inc. (Hasbro), owner of the well-loved board game Monopoly, suffered a defeat on 22 July 2019, before the EUIPO Board of Appeal in relation to the MONOPOLY trade mark. …
Puerto Rico Chaos May Empower U.S. Oversight Board As Rossello Exit Looms
Since the disclosure almost two weeks ago of scandalous text messages among Rossello’s inner circle, the administration had already lost its investment officer, press secretary and two fiscal agency heads …
IMF Won’t Stop China From Turning Pakistan Into The Next Sri Lanka
A $6 billion loan approved from the International Monetary Fund this week will ease Pakistan’s debt problems, for now. But it won’t stop China from turning the country into the …

Text Message Platform Dismissed From TCPA Class Action Because It Was Not The “Maker or Initiator” Of The Text Message At Issue
Generally, text message platform providers are not considered the “sender” or “maker” of a text message or call unless they are so involved in placing the call as to be …
Consumer Bankers Association Comments On CFPB’s Proposed Debt Collection Rule
The Consumer Bankers Association (CBA) has filed a letter commenting on the CFPB’s proposed debt collection rule. Ballard Spahr served as counsel to the CBA in preparing the comment letter.
House Financial Services Committee To Hold Sept. 26 Hearing On Abusive Debt Collection Practices
The Committee on Financial Services will hold a hearing entitled, “Examining Legislation to Protect Consumers and Small Business Owners from Abusive Debt Collection Practices,” on Thursday, September 26, 2019, at …

Sequium Asset Solutions Appoints Jose Cadena As Chief Operating Officer
September 10th, 2019, Marietta, GA- Jose Cadena has joined Sequium Asset Solutions, LLC as Chief Operating Officer. Jose has over 18 years of experience in operations and has held senior …
Check Into Cash® selects Telrock’s Optimus enterprise class collection & recovery software platform to help drive greater collection efficiency and effectiveness
Atlanta, GA. – August 20, 2019 Check Into Cash, a national industry leader in direct lending and short-term credit solutions with hundreds of retail locations across the country and an …
Scotty Named to Independent Standards Board
Monday, July 8, 2019-Chicago-Commercial Collection Agencies of America is proud to announce the appointment of Ms. Meg Scotty to its independent Standards Board effective immediately. Scotty was instrumental in forming …
Telrock Releases SmartConnect – their Next Generation Digital Channel Messaging Software Platform
Telrock is proud to announce the release of SmartConnect, their next generation digital channel messaging software platform. SmartConnect represents a robust set of digital channel messaging capabilities that are quick …

CA Federal Judge Enters $267 Million Judgment Against Debt Collector For Robocalls
Consistent with the statute and jury verdict, the judge ordered the defendant to pay $500 for each call plus interest resulting in a fine exceeding $267 million. The case involved …
Is Sanders’ Plan To Erase $81 billion in U.S. Medical Debt Really All That Crazy?
Critics have attacked Sen. Bernie Sanders for his proposal to wipe out $81 billion in medical debt, including by changing rules around debt collection and bankruptcy. He also called for …
BREAKING: CFPB Sues Maryland Debt Collection Company
The United States Court of Appeals for the Third Circuit recently affirmed a District Court’s decision granting a debtor’s motion for summary judgment and finding that a quick response (“QR”) …
Chicago City Council Approves Ticket And Debt Collection Reforms
The Chicago City Council on Wednesday overwhelmingly approved an overhaul of its punitive ticketing and debt collection system, including an end to the suspension of driver’s licenses over unpaid parking …

Idaho Billionaire Gives Another $500k To Fight Debt Collection Firm
IDAHO FALLS, Idaho (KIFI/KIDK) – Idaho Falls businessman Frank VanderSloot and his wife Belinda have announced a second $500,000 donation to help Idaho citizens defend themselves from overly aggressive medical …
Advantages of Partnering with a Fully Licensed Collections Agency
Collecting from a delinquent debtor can be challenging work, even for an experienced collections agency, so imagine how difficult it can be for businesses with little to no debt collection …
NCBA Files Formal Debt Collection Rulemaking Comments with CFPB
The Consumer Financial Protection Bureau (CFPB) released its Notice of Proposed Rule on Debt Collection, Proposed Regulation F in May of this year. Since that time, National Creditors Bar Association …

CA Enacts Law Prohibiting Post-Secondary Schools From Withholding Transcripts As Debt Collection Tool
On October 4, California Governor Gavin Newsom signed into law Assembly Bill 1313, which prohibits postsecondary schools from withholding transcripts as a debt collection tool. The law is effective January …
Despite Holding The TCPA’s Government Debt Exemption Is Unconstitutional, Mass. Moves Forward
On September 24, 2019, the District of Massachusetts held in Katz v. Liberty Power Corp., LLC that the government debt collection exemption to the Telephone Consumer Protection Act (“TCPA”), 47 …
CFPB Suit Against Mortgage Servicer Dismissed In Part As Shotgun Pleading
On September 5, 2019, the U.S. District Court for the Southern District of Florida granted in part and denied in part a mortgage servicer’s motion to dismiss from a 2017 …

Trade Mark Re-filing And Bad Faith – Go Directly to Jail. Do Not Pass GO, Do Not Collect $200
Hasbro Inc. (Hasbro), owner of the well-loved board game Monopoly, suffered a defeat on 22 July 2019, before the EUIPO Board of Appeal in relation to the MONOPOLY trade mark. …
Puerto Rico Chaos May Empower U.S. Oversight Board As Rossello Exit Looms
Since the disclosure almost two weeks ago of scandalous text messages among Rossello’s inner circle, the administration had already lost its investment officer, press secretary and two fiscal agency heads …
IMF Won’t Stop China From Turning Pakistan Into The Next Sri Lanka
A $6 billion loan approved from the International Monetary Fund this week will ease Pakistan’s debt problems, for now. But it won’t stop China from turning the country into the …

Text Message Platform Dismissed From TCPA Class Action Because It Was Not The “Maker or Initiator” Of The Text Message At Issue
Generally, text message platform providers are not considered the “sender” or “maker” of a text message or call unless they are so involved in placing the call as to be …
Consumer Bankers Association Comments On CFPB’s Proposed Debt Collection Rule
The Consumer Bankers Association (CBA) has filed a letter commenting on the CFPB’s proposed debt collection rule. Ballard Spahr served as counsel to the CBA in preparing the comment letter.
House Financial Services Committee To Hold Sept. 26 Hearing On Abusive Debt Collection Practices
The Committee on Financial Services will hold a hearing entitled, “Examining Legislation to Protect Consumers and Small Business Owners from Abusive Debt Collection Practices,” on Thursday, September 26, 2019, at …

Damages That Debtors Have Been Awarded When Suing Collectors. FYI – Be Careful
By: Robert Pinchuck There are thousands of demands made on creditors, collection agencies, debt buyers, and other attorneys every month by FDCPA litigant attorneys. The business is showing no signs …
Ways to Locate Hidden Assets
It’s no easy task, but you have to be creative to locate assets – especially when dealing with debtors who are actively finding ways to hide them. For example, buying …
The Best Methods of Judgment Satisfaction
Won your lawsuit? Received a judgment? What’s next? 1. Strategy Debtors have the right to appeal. Check with your state on how long a defendant has until he must file …

Sequium Asset Solutions Appoints Jose Cadena As Chief Operating Officer
September 10th, 2019, Marietta, GA- Jose Cadena has joined Sequium Asset Solutions, LLC as Chief Operating Officer. Jose has over 18 years of experience in operations and has held senior …
Check Into Cash® selects Telrock’s Optimus enterprise class collection & recovery software platform to help drive greater collection efficiency and effectiveness
Atlanta, GA. – August 20, 2019 Check Into Cash, a national industry leader in direct lending and short-term credit solutions with hundreds of retail locations across the country and an …
Scotty Named to Independent Standards Board
Monday, July 8, 2019-Chicago-Commercial Collection Agencies of America is proud to announce the appointment of Ms. Meg Scotty to its independent Standards Board effective immediately. Scotty was instrumental in forming …
Telrock Releases SmartConnect – their Next Generation Digital Channel Messaging Software Platform
Telrock is proud to announce the release of SmartConnect, their next generation digital channel messaging software platform. SmartConnect represents a robust set of digital channel messaging capabilities that are quick …