Account Recovery

OCTOBER 4, 2022

For the first time ever, the Federal Communications Commission has announced enforcement actions that will remove seven different carriers from its Robocall Mitigation Database after being accused of failing to implement anti-spam measures like the STIR/SHAKEN protocols.

246

246

Account Recovery

OCTOBER 20, 2021

Less than a week after having a new Director sworn in, the Consumer Financial Protection Bureau announced its first enforcement action of the Rohit Chopra era, assessing $6 million in fines and penalties against a company that offers financial services products to individuals incarcerated and recently released from prisons and jails nationwide.

Financial services 242

Financial services 242

Account Recovery

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans.

Student loans 246

Student loans Student Loans Government Loans 246

Account Recovery

APRIL 3, 2024

Judge Grants MTD in FDCPA Class Action Judge Denies MTD in FDCPA Class Action Over Post-Judgment Fees CPPA Issues First Enforcement Advisory; Focuses on Data Minimization 30 Companies Seeking Collection Talent WORTH NOTING: Some weird beach laws that are on the books in different locales across the United States … A lot of people think […] (..)

Judgment 147

Judgment Collections 147

Account Recovery

OCTOBER 11, 2021

The Department of Education on Friday announced the creation of a new enforcement office that will watch over postsecondary institutions to “vigorously” ensure that rules are being followed and named an individual that should be familiar to many in the accounts receivable management industry to run the office.

Student loans 245

Student loans Student Loans Loans Accounts Receivables Management 245

Account Recovery

FEBRUARY 27, 2023

The Consumer Financial Protection Bureau on Friday announced it had issued a final rule related to the procedures for when it chooses to use the administrative adjudication process — instead of going to federal courts — when bringing contested enforcement actions, making the process more closely track what would occur in federal court.

130

130

Account Recovery

NOVEMBER 3, 2022

The order does not include a monetary penalty, but requires the company to bolster its information security … The post Four Data Breaches in Five Years Leads to FTC Enforcement Action appeared first on AccountsRecovery.net.

Trade 246

Trade 246

Account Recovery

DECEMBER 8, 2023

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Atlantic Union Bank regarding the institution’s procedures for enrolling customers in overdraft protection products in violation of the Electronic Funds Transfer Act, assessing a fine of $1.2

Banks 130

Banks 130

Account Recovery

OCTOBER 22, 2021

The Consumer Financial Protection Bureau has started taking steps to beef up its enforcement division, announcing the hiring of an attorney who will lead the unit while also announcing that it is looking to hire as many as 30 additional attorneys, according to published reports.

246

246

Account Recovery

OCTOBER 16, 2020

That might be one explanation why, and I say this completely with my tongue in my cheek, the number of public enforcement actions taken during the third quarter of 2020 … The post CFPB Enforcement Actions Spike in 3Q appeared first on AccountsRecovery.net.

246

246

Account Recovery

JANUARY 25, 2024

The Attorney General of Pennsylvania has announced the settlement of an enforcement action against a consumer attorney who also provided debt settlement services that took advance fees from consumers and misled them into believing that attorneys were working on their accounts, when in reality they had been transferred to call center representatives. (..)

Debt settlement 130

Debt settlement 130

Account Recovery

MAY 20, 2022

The Consumer Financial Protection Bureau yesterday opened the door for states to take more regulatory and enforcement actions against financial services companies, including those in the accounts receivable management industry, issuing an interpretive rule that certifies that states can enforce the Consumer Financial Protection Act.

Accounts Receivables Management 245

Accounts Receivables Management Financial services 245

Account Recovery

FEBRUARY 23, 2021

The post-Kraninger Consumer Financial Protection Bureau announced its first enforcement action yesterday, and while it might not directly relate to the accounts receivable management industry, there are a number of insights that the industry can and should glean from the news.

Accounts Receivables Management 230

Accounts Receivables Management 230

Account Recovery

NOVEMBER 5, 2021

Probably to the surprise of nobody, the number of enforcement actions undertaken by the Consumer Financial Protection Bureau increased during the 2021 fiscal year — according to a published report. What may surprise you, though, is that the increase was not as significant as the increase that occurred in the 2020 fiscal year.

233

233

Account Recovery

APRIL 8, 2022

Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish (..)

246

246

Account Recovery

MAY 18, 2022

Looking to keep its fellow regulators on the same page, the Consumer Financial Protection Bureau has announced a plan to provide guidance to other federal agencies charged with enforcing consumer protection laws like the Fair Debt Collection Practices Act, while also helping companies complying with those laws to have them applied consistently.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Account Recovery

AUGUST 2, 2021

A District Court judge in Kansas has granted a petition from the Consumer Financial Protection Bureau to enforce an administrative order that assessed more than $50 million in fines and restitution against an online lender and its chief executive, even though the order has been appealed to the Court of Appeals for the Tenth Circuit.

Lender 246

Lender 246

Account Recovery

FEBRUARY 6, 2023

In her first collection-related enforcement action, Andrea Joy Campbell, the new Attorney General of Massachusetts, announced that Toyota Motor Credit Corp., In her first collection-related enforcement action, Andrea Joy Campbell, the new Attorney General of Massachusetts, announced that Toyota Motor Credit Corp., The post New Mass.

Collections 130

Collections 130

Account Recovery

DECEMBER 16, 2022

Capital One will … The post Capital One to Pay $2M As Part of Collection Call Enforcement Action first appeared on AccountsRecovery.net. The post Capital One to Pay $2M As Part of Collection Call Enforcement Action appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections Financial Institution 246

Account Recovery

AUGUST 11, 2020

The New York City Department of Consumer Affairs has extended the period through which it will not issue any enforcement actions for violations of its new language access rule until October 1. The grace period was set to expire on August 26.

246

246

Account Recovery

MARCH 30, 2023

The company announced this week that it received a notification from the Consumer Financial Protection Bureau that it will not be pursuing an enforcement action against the company after opening an investigation into its legal collection practices.

Legal Collections 130

Legal Collections Collections Lender 130

Account Recovery

JANUARY 31, 2023

The five operations are: Amherst and Associates Clayton Banner and Associates SARS Solutions Marvin, McCall … The post California DFPI Announces Enforcement Actions Against Five Collection Operations first appeared on AccountsRecovery.net.

Collections 130

Collections 130

Account Recovery

APRIL 27, 2023

The post Enforcement Action Bans Pair From Collection Industry appeared first on AccountsRecovery.net.

Collections 130

Collections Trade 130

Account Recovery

DECEMBER 15, 2023

The Consumer Financial Protection Bureau today announced that a medical debt collector — Commonwealth Financial Systems in Pennsylvania — is being shut down for failing to conduct reasonable investigations and failing to inform the credit reporting agencies that debts were being disputed by consumers.

Debt collector 261

Debt collector 261

Account Recovery

FEBRUARY 13, 2023

Maybe … The post Application for Debt Collection License Leads to Enforcement Action Against Online Lender first appeared on AccountsRecovery.net. The post Application for Debt Collection License Leads to Enforcement Action Against Online Lender appeared first on AccountsRecovery.net.

Lender 130

Lender Collections Loans 130

Account Recovery

MAY 3, 2022

… The post Appeals Court Allows CFPB Enforcement Action to Continue, But Raises Constitutional Questions About How Agency is Funded appeared first on AccountsRecovery.net.

Lender 244

Lender 244

Account Recovery

MAY 3, 2022

Appeals Court Allows CFPB Enforcement Action to Continue; Complaint Accuses Collector of Wrong Validation Date appeared first on AccountsRecovery.net.

Lender 246

Lender 246

Account Recovery

MAY 2, 2022

CEO As Part of Enforcement Action Settlement appeared first on AccountsRecovery.net.

242

242

Account Recovery

MAY 24, 2023

The Attorney General of New York has settled an enforcement action against a revenue cycle management company that will see the company pay $550,000 in fines and penalties after it was accused of failing to protect the personal information of individuals that lead to a ransomware cyberattack which affected more than 1.2

130

130

Account Recovery

OCTOBER 1, 2020

A new rule in New York City requiring collection agencies let individuals know if they offer translation or services in languages other than English that went into effect in June will start being enforced today by the city’s Department of Consumer and Worker Protection.

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Account Recovery

NOVEMBER 3, 2020

Members of the working group … The post TRACED Act Working Group Publishes Report Detailing Robocall Enforcement Efforts appeared first on AccountsRecovery.net.

Government 208

Government 208

Account Recovery

DECEMBER 16, 2022

Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action first appeared on AccountsRecovery.net. Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections Debt collector 246

Account Recovery

JANUARY 31, 2023

Law Firm Facing Class Action; DFPI Announces Enforcement Actions first appeared on AccountsRecovery.net. Law Firm Facing Class Action; DFPI Announces Enforcement Actions appeared first on AccountsRecovery.net. The post Daily Digest – January 31.

Law Firms 130

Law Firms Fair Debt Collection Collections 130

Consumer Finance

MAY 18, 2022

Because of the crucial role states play in protecting consumers, the Consumer Financial Protection Act grants their consumer protection enforcers the authority to protect their citizens and otherwise pursue lawbreakers.

123

123

Account Recovery

FEBRUARY 17, 2023

Yesterday, she announced her third collection-related enforcement action in the last two weeks, this time fining a medical equipment supplier $500,000 and vacating more than $2 million in judgments for a number of violations, including filing lawsuits in a state … The post Healthcare Co. to Pay $2.5M The post Healthcare Co.

Healthcare 130

Healthcare Judgment Collections 130

Account Recovery

FEBRUARY 27, 2023

Appeals Court Vacates Judgment in Favor of Plaintiff; CFPB Updates Administrative Enforcement Proceedings first appeared on AccountsRecovery.net. Appeals Court Vacates Judgment in Favor of Plaintiff; CFPB Updates Administrative Enforcement Proceedings appeared first on AccountsRecovery.net. The post Daily Digest – February 27.

Judgment 130

Judgment Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 28, 2023

Getting to Know Scott Hoffman of Harvest Strategy Group Washington Supreme Court Rules for Agency Sued for Enforcing Judgment BNPL Users Carrying More Debt, More Worries than Non-BNPL Users Senate Bill Seeks to Align Pay at CFPB with Other Federal Agencies Pro Com Services of Illinois, Inc.

Judgment 147

Judgment 147