Tue.Apr 30, 2024

article thumbnail

Uown Leasing Taps Skit.ai’s Multichannel Conversational AI Solution To Scale Collection Operations

Account Recovery

The Florida-based payment plan provider has chosen Skit.ai’s Conversational AI solution to streamline its collection efforts. NEW YORK, NY (April 30, 2024) – Skit.ai, the leading provider of Conversational AI solutions for the accounts receivables industry, announced today its partnership with Uown Leasing, a Florida-based provider of lease-to-own, flexible payment solutions for consumer products.

article thumbnail

CFPB Finds Junk Fees and High Costs Pervade Health Savings Accounts

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pa. State Judge Dismisses Hunstein Case for Lack of Standing

Account Recovery

In a case that was defended by the teams at Martin Golden Lyons Watts Morgan and Lippes Mathias, a state court judge in Pennsylvania has dismissed a Hunstein case on the grounds the plaintiff lacked standing to sue, saying that there “appears to be little difference” between the agency printing and mailing a letter or […]

article thumbnail

CFPB Highlights the Hidden Costs of Health Savings Accounts

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today released a report detailing the complex costs and fees that many consumers with health savings accounts are forced to pay.

article thumbnail

From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

article thumbnail

Data Breach at Collection Agency Compromises Info on 2M Consumers

Account Recovery

A Pennsylvania collection operation has suffered a data breach that has compromised the personal information of nearly 2 million individuals, according to a filing the company has made with the Maine Attorney General. What Happened: Back on February 26, the company — FBCS — discovered unauthorized access to certain systems in its network.

More Trending

article thumbnail

Class-Action FDCPA Suit Filed Over Previously Settled Debt

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

130
130
article thumbnail

Navigating credit card use after filing for bankruptcy

Roths Child Law

Following bankruptcy, managing credit card usage requires a strategic approach to rebuilding financial stability and creditworthiness. This involves understanding credit scores and the importance of responsible financial habits. Some tips to help you navigate credit card use after you file for bankruptcy can be found here. Understanding credit scores Understanding the intricacies of credit scores is crucial post-bankruptcy, as it highlights the significance of rebuilding creditworthiness.

article thumbnail

CFPB Report Updates Medical Debt Collection Credit Reporting Data Points

Account Recovery

The Consumer Financial Protection Bureau yesterday published a research report which updates previously released data on the number of consumers who have medical debt collection tradelines on their credit reports.

article thumbnail

How Does an Invoice Date Affect Your New York Debt Collection Case?

FFGN COLLECT NY

Seeking to keep a debt collection claim alive by sending repeated invoices or statements to delinquent customers? You may be surprised to learn how the invoice date affects your New York debt collection case. New York’s statute of limitations dictates your ability to start a debt collection claim in New York whether by demand, mediation , arbitration , or litigation.

article thumbnail

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

article thumbnail

Daily Digest – April 30. Class-Action FDCPA Suit Filed Over Previously Settled Debt; Data Breach at Collection Agency Compromises Info on 2M Consumers

Account Recovery

Class-Action FDCPA Suit Filed Over Previously Settled Debt Pa.

article thumbnail

Can Bankruptcy Get Rid of My Credit Card Debt in Broomfield, CO?

Debt Free Colorado

Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. High-interest rates, unexpected expenses, and even medical bills can quickly turn manageable payments into a suffocating burden. If you’re in this situation, you’re not alone in Broomfield, CO.

article thumbnail

Statement of CFPB Director Rohit Chopra on Medical Financial Products

Consumer Finance

CFPB Director Rohit Chopra issued a statement on the “captive consumer” model of health savings accounts (HSAs).

article thumbnail

Member Spotlight: Achieving Credit Success

NACM

NACM's Professional Certification Program gives all credit professionals tools for success. With six levels of certification, credit managers have a wide range of options to learn about—whether it is learning something completely new or brushing up on already acquired skills. Heather Will, CBA, credit manager at Anchor Industries, Inc. (E.

article thumbnail

ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?