Mon.May 06, 2024

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Bill Introduced in House to Amend FDCPA

Account Recovery

A bill has been introduced in the House of Representatives to amend the Fair Debt Collection Practices Act in order to include additional information when sending the validation notice while also expanding the requirements before filing collection lawsuits. What It Is: H.R.

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Navigating Debt Collection Challenges in the Tech Industry

Enterprise Recovery

The tech industry is known for its rapid growth and innovation but faces unique challenges regarding debt collection and non-paying clients. Understanding the intricacies of debt collection in this sector is essential for companies to recover payments and maintain financial stability. Learn more about the complexities of debt collection within the tech industry and the strategies for successful payment recovery.

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Daily Digest – May 6. Bill Introduced in House to Amend FDCPA; Judge Grants MTD in FCRA, FDCPA Case

Account Recovery

Bill Introduced in House to Amend FDCPA Judge Grants MTD in FCRA, FDCPA Case ARM Company Discloses Breach After Unauthorized Access to Email Account Compliance Digest – May 6 WORTH NOTING: If you are using Windows, here is the best new browser you may want to consider using … One last gift guide to help […]

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CFPB Takes Action Against Chime Financial for Illegally Delaying Consumer Refunds

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for failing to give consumers timely refunds when their accounts were closed.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Judge Grants MTD in FCRA, FDCPA Case

Account Recovery

A Magistrate Court judge in Texas has granted a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act among other statutes, ruling that the plaintiff — who represented himself and did not respond to the defendant’s motion to dismiss — did not […]

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ARM Company Discloses Breach After Unauthorized Access to Email Account

Account Recovery

A collection operation in New Hampshire has disclosed it was the victim of a data breach impacting more than 11,000 consumers, according to a filing with the Maine Attorney General. The disclosure is the third data breach in the accounts receivable management industry that has been disclosed in the past week.

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FinTech Baropaper 2024: New technologies make the finance department future-proof.

On Guard

But are the ready for it? According to nearly half of finance professionals (45%), AI is the technology with the greatest impact on financial processes. This is evidenced by the FinTech Barometer, the annual survey by Credit Management Software Specialist Onguard. For this survey, 304 CFOs, financial managers, and finance employees were interviewed.

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Compliance Digest – May 6

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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