Monthly Archives: March 2023

Maurice Wutscher’s Donald Maurice to Speak on Proposals to Amend New York Debt Collection Rules

Donald Maurice

March 31, 2023 — Maurice Wutscher attorney Donald Maurice will discuss rulemaking efforts underway in both New York City and New York State that could change the process through which debts are collected in New York at the Credit and Collection News 18th Annual Conference in La Jolla, Calif. on April 12.

“Although NYDFS pulled its last proposed amendments, it will issue new amendments soon,” Mr. Maurice says. “Unless DFS makes significant changes, third-party debt collectors and debt buyers collecting consumer debt in New York State will need a top-down reassessment of their existing collection operations to comply with the amendments; and may find it difficult, if not impossible, to use Regulation F’s Model Validation Notice.”

The presentation will explore in depth New York issues impacting the credit and collections industry, both regulatory and litigation, including recent activity from the New York Attorney General.

For more information and to register for the conference click here.

Donald Maurice represents the financial services industry, successfully litigating matters in appellate and trial courts throughout the country in individual and class actions and guiding businesses, trade associations and financial services companies nationwide in regulatory and compliance matters.

Maurice Wutscher’s Brady Hermann Quoted About Financial Advisors Seeking TROs Against Former Employers

March 30, 2023 — Maurice Wutscher attorney Brady Hermann was quoted in a recent AdvisorHub article in which he discussed the strategy of financial advisors preemptively seeking a temporary restraining order against their former employers and how that could potentially backfire.

“It could potentially open an advisor to counter claims that may not have been brought in the absence of the lawsuit, as well as the potential to pay significantly more in legal fees defending against those claims or potentially defending yourself in parallel litigation in another court,” Mr. Hermann said.

Brady Hermann is senior counsel in the Boston and New York offices of Maurice Wutscher LLP. He regularly represents financial services companies including banks, broker-dealers, financial advisors, financial asset buyers and third party debt collectors in individual, class action and regulatory matters. He has successfully represented clients throughout the country against claims for violations of securities laws, the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, the Fair Credit Reporting Act, and various state consumer protection statutes.

Maurice Wutscher’s Donald Maurice Appointed to New York City Bar Association’s Consumer Affairs Committee

Donald Maurice

March 14, 2023 — Maurice Wutscher financial services attorney Donald Maurice has been appointed to serve on the New York City Bar Association’s Consumer Affairs Committee.

As a committee member, Mr. Maurice will have the opportunity to help shape law and public policy by participating in such activities as drafting reports, commenting and testifying on legislation, submitting briefs, and participating in public service projects.

Donald Maurice represents the financial services industry, successfully litigating matters in appellate and trial courts throughout the country in individual and class actions and guiding businesses, trade associations and financial services companies nationwide in regulatory and compliance matters.