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New York District Court Approves Class Action in FDCPA Case Alleging Improper Debt Assignment Notification

Troutman Sanders

District Court for the Western District of New York granted the plaintiff’s motion for class certification for alleged violations of the Fair Debt Collections Practices Act (FDCPA) relating to an allegedly improper debt assignment notification. The default judgment was later assigned to Palisades Acquisition. In McCrobie v.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

In order to address this gap, lenders are in a unique position to help provide customers with educational content that not only improves customers’ financial literacy but helps with their own retention and acquisition strategies by building and maintaining customer trust and loyalty. Debt levels are on the rise again: according to the?

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The Buy Now Pay Later Boom Hits the USA and Latin America

Collection Industry News

The credit card giant announced on Tuesday “Mastercard Installments” for US, Australian, and UK markets, offering consumers a 0% interest, pay-in-four-instalments model that’s similar to the rest of the BNPL players in the industry. BNPL can also increase impulse purchases and make it more difficult to track overall spending.”.

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What Is First-Party Fraud?

Fico Collections

Or they may unintentionally sell it to criminal gangs, which then rack up thousands of pounds of fraudulent credit card debt. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud. See all Posts. chevron_left Blog Home. expand_less Back To Top.

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

Fico Collections

Positive Signs for Debt Resolution. Many consumers have been paying down debts; outstanding credit card debt decreased 3.7% Data capture at customer acquisition should not be limited to data that is required to complete the originations process. in the year to Oct 2021 (The Money Charity, Dec 2021).

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61 Financial Freedom Quotes and Steps to Achieve It

Credit Corp

Financial peace isn’t the acquisition of stuff. These include paying off credit card debts. “A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.”. Dave Ramsey Financial Freedom Quotes. You can’t win until you do this.”. Enjoy Life and Save.