Connecticut and Washington State Licensing Takes Effect October 1st
DBA International members are reminded that the new Connecticut and Washington state licensing requirements for debt buyers are set to take effect on Tuesday, October 1, 2013. If you own accounts that belong to either Connecticut or Washington residents, please make sure that your company has taken the […]
CFPB Issues Fair Credit Reporting Act Guidance
On September 4, 2013, the Consumer Financial Protection Bureau (CFPB) issued CFPB Bulletin 2013-09 to provide guidance on the Fair Credit Reporting Act (FCRA) requirement that furnishers of information to consumer reporting agencies (CRAs), including debt buying and debt collection companies, investigate consumer disputes that arise from […]
The CFPB recently posted on its website the text of an amicus brief filed (jointly with the FTC) in a FDCPA case involving an out-of-statute debt collection letter. The assertions made in the brief may provide insight into how the CFPB may approach out-of-statute debt in the upcoming FDCPA rulemaking. Some excerpts from the […]
California “Fair Debt Buying Practices Act” Signed Into Law
Today, California Governor Jerry Brown signed into law the “Fair Debt Buying Practices Act” (Senate Bill 233). DBA worked with an industry coalition to secure reasonable amendments to the bill during a lengthy negotiation process with the author, the California Attorney General, and consumer groups. […]
Debt Buyers to be Licensed in Connecticut
This DBA Member Alert is to advise our members of a new licensing requirement in the state of Connecticut that will take effect October 1, 2013. The new requirement will impact all purchasers of delinquent or defaulted claims with Connecticut addresses in their portfolios.
Connecticut Senate Bill 911, […]
Federal Trade Commission Chairwoman Edith Ramirez has named seven senior staff members with extensive experience in consumer protection and antitrust law.
“I am very pleased to have such a strong leadership team at the FTC,” Ramirez said. “Their knowledge and experience will help keep the FTC at the forefront in promoting competition and protecting American consumers.”
Deborah […]
Sacramento, CA – June 12, 2013 – DBA International (DBA) has issued a Request for Proposals (RFP) seeking qualified independent third-party auditing firms to provide compliance audits related to DBA’s Debt Buyer Certification Program. If selected by DBA, firms will be designated as an “Approved Auditing Firm” and will be listed on DBA’s website and […]
Important Changes to Minnesota’s Statute of Limitations and Default Judgment Requirements
On May 24, 2013, Minnesota Governor Mark Dayton signed into law House Bill 80, a bill that amends the Minnesota statute of limitations requirements and creates new standards for documentary evidence prior to obtaining a default judgment on a consumer debt.
The changes to […]
Important Changes to Minnesota’s Statute of Limitations
and Default Judgment Requirements
On May 24, 2013, Minnesota Governor Mark Dayton signed into law House Bill 80, a bill that amends the Minnesota statute of limitations requirements and creates new standards for documentary evidence prior to obtaining a default judgment on a consumer debt.
The changes to […]
Payday Loans: Not All States Allow the Collection of Payday Loans
Members are reminded to review with their counsel the various state requirements on payday loans.
Recently, the Massachusetts Office of Consumer Affairs and the Division of Banks ordered a cease in collections on payday loans to a series of collection agencies. Massachusetts law prohibits […]