Daily Digest - May 13, 2025

🎂🎉 Happy Birthday to: Jonathan Volpert and Idris Said of Halsted Financial Services, and Lorinda VeltKamp of Location Services.

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Collector Facing FDCPA Class Action for Failing to Include Expiration Date in Settlement Offer

• This one definitely gets filed under the “no good deed goes unpunished” category of lawsuits. A collection operation is facing a Fair Debt Collection Practices Act class-action lawsuit because the letter it sent to the plaintiff offering to settle an unpaid debt for 50% of the balance did not have an expiration date on it, which apparently created a false sense of urgency, and because the debt was not itemized.

• More details here.

• This series is sponsored by WebRecon

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Judge Dismisses FCRA, FDCPA Case From Serial Filer Over ‘Untrue’ Allegations in IFP Motion

• In a case that was defendant by Lippes Mathias, a serial plaintiff who has filed nearly two dozen lawsuits against financial services companies and debt collection operations has had a lawsuit he filed alleging violations of the Fair Credit Reporting Act and Fair Debt Collection Practices Act dismissed because the allegation he made that he was in poverty when seeking to proceed with the case and not pay the usual filing fees was untrue, a District Court judge in California has ruled.

• More details here.

Bankruptcy Court Blocks Collection Efforts on Discharged Student Loans

• A Bankruptcy Court judge in New York has granted a plaintiff’s motion for a preliminary injunction that will block the collection efforts on thousands of student loans that individuals allege were discharged in bankruptcy, ruling that there was no legal interest in continuing to collect on these debts.

• More details here.

Compliance Digest – May 13

• Insights from David Kaminski on changes at the FCC, Joann Needleman on what’s going on at the CFPB, Chuck Dodge on a new medical debt credit reporting law in Maryland, and Brooke Conkle and Jessica Klander on recent court rulings give you all the context and perspective you need on the compliance topics affecting everyone in the credit and collection industry.

• More details here.

• This series is sponsored by Bedard Law Group

WORTH NOTING: Turns out that where you live has a big impact on how long you live ... Employers seem to have gained the upper hand from employees, thanks to technology like AI ... Apparently people love humidity when choosing their favorite travel destinations for their upcoming summer vacations ... The king's former suit maker on the right way to fold your suits ... The most expensive prescription drugs in the United States ... How long $1.5 million in savings would last you in all 50 states ... Eight ways to create mentally healthy workplaces ... How to get a free hamburger from White Castle this week.

Trailer Tuesday, part I

Trailer Tuesday, Part II

The Daily Digest is sponsored by TCN