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A Closer Look at the Gramm-Leach-Bliley Act (GLBA): Updates to the Safeguard Rule

True Accord

Where data has its own intrinsic value and where data breaches and cyberattacks are a risk for every business, the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA) provides financial institutions, including those in the accounts receivable management industry, with guidance on how to safeguard customer information.

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DebtNext Software Adds Industry Veteran to Leadership Team

Collection Industry News

DebtNext Software, a leading hosted recovery management software provider to the credit, banking, utility, telecom and collections industry for almost 20 years, is located in Copley, Ohio. DebtNext Software has been delivering robust solutions for their clients’ recovery management needs since its founding in 2003.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

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Q2 Industry Insights: Higher Monthly Expenses for Consumers, Regulatory Guidance for Financial Institutions

True Accord

With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The federal government has projected that about 15 million people will lose coverage , including nearly seven million people who are expected to be dropped despite still being eligible.

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DEBT COLLECTION INDUSTRY DEEMS ITSELF ESSENTIAL TO “FINANCIAL HEALTH” OF CONSUMERS, FIGHTS COVID-19 SHUTDOWN

Collection Industry News

The momentum has reached the federal government. Targeted, temporary relief to try to say, court hearings should be postponed, post-judgment collection like wage garnishment and bank account garnishment, that should all be stayed,” said Kuehnhoff. million new unemployment claims spotlights the need for consumer relief.

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Senators Propose COVID-19 Medical Debt Collection Relief Act

Collection Industry News

wage garnishment, bank account seizure) during the covered period (i.e. Van Hollen announced the legislation in a Senate Committee on Banking, Housing and Urban Affairs hearing Wednesday with Consumer Financial Protection Bureau Director Kathy Kraninger. Chris Van Hollen, D-Md., and Chris Murphy, D-Conn., 6800, the HEROES Act.”.