Deep Dive: Debt Collection Litigation, Trends & Statistics Thursday, November 3, 2011 2:00 p.m. – 2:45 p.m. Tim Collins, associate director of compliance, Hyundai Capital America, Irvine, Calif. Mike Frost, senior vice president and general counsel, The CBE Group Inc., Waterloo, Iowa
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Deep Dive: Debt Collection Litigation, Trends & Statistics
Thursday, November 3, 2011
2:00 p.m. – 2:45 p.m.
Tim Collins, associate director of compliance,
Hyundai Capital America, Irvine, Calif.
Mike Frost, senior vice president andgeneral counsel, The CBE Group Inc., Waterloo,
Iowa
Legal Disclaimers
This information is for the use of attendees only. Any distribution,
reproduction, copying or sale of this material or the contents hereof
without consent is expressly prohibited.This information is not to be construed as legal advice. Legal advice
must be tailored to the specific circumstances of each case. Every
effort has been made to assure that this information is up‐to‐date
as of the date of publication.It is not intended to be a full and exhaustive explanation of the law in
any area. This information is not intended as legal advice and may
not be used as legal advice. It should not be used to replace the
advice of your own legal counsel.The opinions expressed are the views of the authors alone and should
not be attributed to any other individual or entity.
Federal Cases Filed
Summary Slide
• August 2011 = 1018 lawsuits• August 2010 = 851 lawsuits (19.62% increase to 2011)• August 2009 = 725 lawsuits (40.41% increase to 2011)
• Some of the states that had an increase in cases are:
State 2011 Cases 2010 Cases % Increase
Louisiana 7 1 600%
Virginia 17 4 325%
Indiana 25 7 257%
Tennessee 21 7 200%
Idaho 3 1 200%
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5
6
Top 5 Filing States
• It should be noted there continues to be a significant number of
cases being filed outside of the
plaintiff’s state of residence. Over 8% of all
FDCPA litigation for the month
was filed by plaintiffs that
resided outside that specific jurisdiction.
YTD 2011 YE 2010 YE 2009
State # Cases % Total State # Cases % Total State # Cases % Total
1. California 886 5.80% 1. California 1231 12.21% 1. California 1150 13.67%
2. Florida 840 5.49% 2. Florida 1119 11.10% 2. New York 896 10.65%
3. New York 682 4.46% 3. New York 963 9.55% 3. Florida 808 9.54%
• Federal Register Vol. 76, No. 6• Created July 21, 2010
– Memorandum of Understanding with State Agencies– No process for dealing with frivolous complaints– 300 complaints as of April with 50% coming from
Mortgages• Complaint Sharing
– Federal Agencies– State Attorney Generals– Plaintiff Counsel??– Public
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Multiple Lawsuits9/13/2002 1:02‐CV‐05007 AHUVA FOGELMAN ADAM JON FISHBEIN NCO FINANCIAL SYSTEMS, INC.6/25/2007 1:07‐CV‐02638 AHUVA FOGELMAN ADAM JON FISHBEIN GERALD E. MOORE & ASSOCIATES, P.C.7/20/2007 1:07‐CV‐02956 AHUVA FOGELMAN ADAM JON FISHBEIN UNITED COLLECTION BUREAU, INC.7/23/2007 1:07‐CV‐02970 AHUVA FOGELMAN ADAM JON FISHBEIN COHEN & SLAMOWITZ, LLP8/9/2007 1:07‐CV‐03286 AHUVA FOGELMAN ADAM JON FISHBEIN LDG FINANCIAL SERVICES, LLC9/5/2007 1:07‐CV‐03708 AHUVA FOGELMAN ADAM JON FISHBEIN AMERICAN RECOVERY SYSTEMS, INC.9/5/2007 1:07‐CV‐03709 AHUVA FOGELMAN ADAM JON FISHBEIN CREDITORS FINANCIAL GROUP, LLC1/3/2008 1:08‐CV‐00036 AHUVA FOGELMAN ADAM JON FISHBEIN NATIONWIDE CREDIT, INC.2/4/2008 1:08‐CV‐00513 AHUVA FOGELMAN ADAM JON FISHBEIN JAMES A. WEST, P.C.
2/22/2008 1:08‐CV‐00750 AHUVA FOGELMAN ADAM JON FISHBEINALLIANCEONE RECEIVABLES MANAGEMENT,
INC.4/10/2008 1:08‐CV‐01490 AHUVA FOGELMAN ADAM JON FISHBEIN NORTHSTAR LOCATION SERVICES, LLC4/10/2008 1:08‐CV‐01492 AHUVA FOGELMAN ADAM JON FISHBEIN FIRST CREDIT SERVICES, INC. 4/16/2008 1:08‐CV‐01579 AHUVA FOGELMAN ADAM JON FISHBEIN ASSOCIATED CREDIT SERVICES, INC.
4/16/2008 1:08‐CV‐01578 AHUVA FOGELMAN ADAM JON FISHBEIN FOCUS RECEIVABLES MANAGEMENT. LLC7/1/2008 1:08‐CV‐02610 AHUVA FOGELMAN ADAM JON FISHBEIN PENNCRO ASSOCIATES, INC.8/28/2008 1:08‐CV‐03527 AHUVA FOGELMAN ADAM JON FISHBEIN NATIONWIDE CREDIT, INC.11/10/2008 1:08‐CV‐04550 AHUVA FOGELMAN ADAM JON FISHBEIN FIRST CREDIT SERVICES, INC. 11/10/2008 1:08‐CV‐04552 AHUVA FOGELMAN ADAM JON FISHBEIN CAPITAL MANAGEMENT SERVICES, LP12/31/2008 1:08‐CV‐05274 AHUVA FOGELMAN ADAM JON FISHBEIN MANN BRACKEN, LLP
1/21/2009 1:09‐CV‐00244 AHUVA FOGELMAN ADAM JON FISHBEIN FREDERICK J. HANNA & ASSOCIATES, P.C.2/13/2009 1:09‐CV‐00642 AHUVA FOGELMAN ADAM JON FISHBEIN NCO FINANCIAL SYSTEMS, INC.06/04/09 1:09‐cv‐02376‐JG‐VVP AHUVA FOGELMAN ADAM JON FISHBEIN Client Services Inc
08/06/09 2:09‐cv‐03421‐LDW‐A AHUVA FOGELMAN ADAM JON FISHBEIN Sharinn and Lipshie PC
10/26/09 1:09‐cv‐04609‐ENV‐ AHUVA FOGELMAN ADAM JON FISHBEIN ARS National Services Inc
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Ahuva & Mordechai Fogelman
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3 civil judgments
11 derogatory accounts
All balances range within 6K and 34K
Accounts stopped being paid in ‘07‐’08
Ahuva Fogelman has 35 Lawsuits
Mordechai Fogelman has 22 lawsuits
All Foti violations and class actions
Florida
Southern 07/26/10 Granino Thomas Broward FL Jack Dennis Card Jr
American Coradius
International LLC
Florida
Southern 07/27/10 Granino Thomas Broward FL Jack Dennis Card Jr
Capital Management
Services LP
Florida
Southern 07/27/10 Granino Thomas Broward FL Jack Dennis Card Jr
NCO Financial Systems
Inc
Florida
Southern 07/27/10 Granino Thomas Broward FL Jack Dennis Card Jr ARS National Service IncFlorida
Southern 07/30/10 Granino Thomas Broward FL Andrew Ira Glenn National FC LLC
Florida
Southern 07/30/10 Granino Thomas Broward FL Jack Dennis Card Jr
Monarch Recovery
Management Inc
Florida
Southern 07/30/10 Granino Thomas Broward FL Andrew Ira Glenn Nationwide Credit Inc
Florida
Southern 08/15/10 Granino Thomas Broward FL Andrew Ira Glenn Hiday and Ricke PA
Florida
Southern 09/14/10 Granino Thomas Broward FL Jack Dennis Card Jr
Firstsource Advantage
LLC
Florida
Southern 10/19/10 Granino Thomas Broward FL Jack Dennis Card Jr EOS CCA
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Filing Cases Together
Informal Demands
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Tactical Responses
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• Internal High Risk Attorney List
• Baiting Training
• Westlaw Alerts for Filed Lawsuits
• Agency Notification of High Risk Accounts
• Sue for the Debt
• Buy Google AdWords
• Reject Informal Demands
• Extensive Plaintiff Research
• Share information with ACA International
• Contact Mike and Tim
Our Contact Info
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Michael L. FrostSenior Vice President & General CounselCBE Group1309 Technology ParkwayCedar Falls, IA 50613Telephone: 319.833.1228Facsimile: 319.833.1229E‐mail: [email protected]
Timothy M. CollinsAssociate Director of ComplianceHyundai Capital America3161 Michelson Drive, Suite 1900Irvine, CA 92612Telephone: 949‐732‐2977Facsimile: 949‐468‐4001Email: [email protected]