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July

5
2023
Industry News

Michigan AG Warns Consumers About New Debt Collection Scam

Michigan Attorney General Dana Nessel issued a warning last week to residents regarding a new debt collection scam.

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July

5
2023
Industry News

6th Circuit Holds One Ringless Voicemail Sufficient to Violate TCPA

The 6th Circuit Court of Appeals reversed a lower court decision and found that a single ringless voicemail (RVM) was enough to violate the TCPA.

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July

3
2023
Industry News

CFPB Hearing on Medical Billing and Collections

On Tuesday, July 11, 2023, the Consumer Financial Protection Bureau (CFPB) will host a hearing on medical billing and collections, with a focus on medical payment products, such as medical credit cards and installment loans.

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July

3
2023
Industry News

FTC Public Comment Request Signals Continued Increase in State AGs Enforcement Efforts

On June 7, the Federal Trade Commission ("FTC" or "Commission") announced a request for public comments ("Request") regarding how it can enhance collaboration efforts with state attorneys general ("AGs") to more effectively prevent, publicize, and penalize fraudulent business practices—supporting an increasing trend in cooperative enforcement between the FTC and state AGs.

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July

3
2023
Industry News

Nevada expands collection agency licensing requirements

On June 16, the Nevada governor signed SB 276 (the “Act”) to revise certain provisions relating to debt collection agencies and make amendments to the state’s collection agency licensing law. While existing law requires collection agencies to be licensed, the amendments expand the type of activities that trigger collection agency licensure. Notably, the Act now requires any “debt buyer” to hold a license, which is defined as “a person who is regularly engaged in the business of purchasing claims that have been charged off for the purpose of collecting such claims, including, without limitation,

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