The Federal Trade Commission today announced a final “click-to-cancel” rule that will require sellers to make it as easy for consumers to cancel their enrollment as it was to sign up. Most of the final rule’s provisions will go into effect 180 days after it is published in the Federal Register.
Can the Foreclosure Abuse Prevention Act (FAPA) be applied retroactively? Unfortunately, mortgage noteholders lack a clear response. Prior to FAPA, the New York Court of Appeals inFreedom Mortgage Corporation v. Engel, held that if a foreclosure action is voluntarily discontinued it resets the six-year statute of limitations, allowing for a subsequent foreclosure action on the same mortgage.
The debt collection software market size has experienced significant growth in recent years. It is projected to increase from $3.75 billion in 2023 to $4.11 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historical period include the growing integration of debt collection software with customer relationship management (CRM) systems, the heightened need to optimize collection expenses, the rising adoption of multichannel collection strategies, the demand for self-service payment options, and the widespread use of smartphones
On October 11, 2024, the Federal Communications Commission announced that the effective date for Telephone Consumer Protection Act (TCPA) rules on revoking consent for unwanted robocalls and robotexts is set for April 11, 2025.
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