Sept. 7, 2023 — Maurice Wutscher attorney Donald Maurice will discuss rulemaking efforts underway in both New York City and New York State as well as pending legislation that could change the process through which debts are collected in New York at the Credit and Collection News 18th Annual Credit Grantor Consortium in Philadelphia on Sept. 13.
“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 consortium 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 including data privacy and ethics. As an advocate for the receivables management industry, he has been retained as counsel for amicus curiae in the U.S. Supreme Court and in U.S. Circuit Courts of Appeals, and frequently testifies before state legislatures. He is outside counsel to RMAI, a regent of the American College of Consumer Financial Services Lawyers, and a fellow of the ABA’s American Bar Foundation.