Account Recovery

NOVEMBER 5, 2020

” Moving … The post Consumer Groups Ask Kraninger to Abandon CFPB Reorg, Cite Lack of Supervision Over Debt Collectors appeared first on AccountsRecovery.net.

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Debt collector 245

Account Recovery

SEPTEMBER 25, 2020

A group of 21 consumer advocacy groups yesterday sent a letter to Kathleen Kraninger, the director of the Consumer Financial Protection Bureau, asking the regulator to reconsider guidance it issued earlier in the coronavirus pandemic that said it would be flexible in giving furnishers more than the required 30 days to investigate disputes.

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Account Recovery

DECEMBER 27, 2021

Judge Grants MTD in FDCPA Class-Action; Florida Asks CFPB to ‘Reevaluate’ Parts of Reg F appeared first on AccountsRecovery.net.

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Original Creditor Creditors Collections 246

Account Recovery

FEBRUARY 5, 2024

A trio of Republicans from the House Financial Services Committee sent a letter to Rohit Copra, the director of the Consumer Financial Protection Bureau, asking for the Bureau to revisit a number of aspects of its proposed rule that would give it the power to regulate a handful of tech companies what manage and facilitate […]

Financial services 130

Financial services 130

Account Recovery

JULY 10, 2023

Back in April, the Consumer Financial Protection Bureau issued a policy statement on the prohibition on abusive acts or practices in financial services. At the same time it issued its statement, it also opened the statement up for comments from the public. In a comprehensive attempt to make its case, a number of trade groups […]

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Trade Financial services 130

Account Recovery

OCTOBER 3, 2023

A number of trade groups from across the financial services industry have submitted a request to the Consumer Financial Protection Bureau to delay the process for convening a meeting under the Small Business Regulatory Enforcement Fairness Act (SBREFA) as it ponders a proposal to remove medical debts from consumers’ credit reports.

Trade 130

Trade Financial services Collections 130

Account Recovery

MARCH 20, 2024

Appeals Court Upholds Ruling in CFPB Debt Collection Case Virginia Appeals Court Grants En Banc Rehearing in Debt Buying Case Appeals Court Dismisses Hunstein Copycat for Lack of Standing 25 Companies Seeking Collection Talent WORTH NOTING: Today is International Day of Happiness, so photographers were asked if pictures can make us happy … The (..)

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Debt Buying Collections 147

Collection Industry News

JANUARY 17, 2022

Credit union and banking trade groups sent a joint letter to CFPB Director Rohit Chopra on Thursday to ask for additional data collection, development and analysis before making new overdraft policy recommendations. The groups included another ask of the CFPB to offer clear and easy-to-understand overdraft policies.

Trade 40

Trade Credit Unions Credit Unions Financial Institution 40

Account Recovery

FEBRUARY 5, 2024

Pledges To Buy and Forgive $650M in Medical Debt Lawmakers Ask CFPB to Reopen Tech Payment Comment Period Compliance Digest – February 5 WORTH NOTING: Ten takeaways from last night’s Grammy Awards … If you’re on the hunt for a new look, why not try […]

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Account Recovery

OCTOBER 3, 2023

Collector Facing Suit for Backing Out of Settlement Agreement Appeals Court Overturns Ruling in FCRA Case Over ‘Frivolous’ Investigation Groups Ask CFPB to Extend Deadline to Submit Questions for FCRA SBREFA Panel on Medical Debt FTC, CFPB File Amicus Brief in FCRA Case Over Dispute Investigation WORTH NOTING: When your phone sends you an emergency (..)

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Account Recovery

OCTOBER 5, 2022

A group of more than 90 state and national consumer organizations have submitted a petition to the Consumer Financial Protection Bureau, asking it to issue a rule that would prohibit medical debts from appearing on consumers’ credit reports, if the debts resulted from medically necessary services.

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Account Recovery

OCTOBER 25, 2022

The Attorney General of West Virginia has become the first to publicly question how the Consumer Financial Protection Bureau will continue to operate following a ruling last week from the Court of Appeals for the Fifth Circuit, sending a letter to the director of the agency asking what plans it is making in order to … The post W.V.

Financial services 245

Financial services 245

Account Recovery

JULY 10, 2023

Judge Grants MTD in FDCPA Case Over Argument that Defendant Should Have Known Plaintiff was Represented by Attorney Federal Gov’t Announces Steps to Curb Medical Debt; CFPB to Launch Inquiry into Medical Credit Cards Fin’l Services Groups Ask CFPB for More Clarity on ‘Abusive’ Acts or Practices Compliance Digest – July 10 WORTH NOTHING: How […] (..)

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Account Recovery

NOVEMBER 1, 2021

The Consumer Financial Protection Bureau issued another set of Frequently Asked Questions related to Regulation F on Friday, this time tackling the area of Validation Information and Validation Information related to Residential Mortgage Debt.

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Account Recovery

OCTOBER 4, 2021

The Consumer Financial Protection Bureau has published a set of “Frequently Asked Questions” or FAQs relative to Regulation F that provide answers to questions about the Limited-Content Message and the call frequency provisions of the debt collection rule.

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Collections 246

Account Recovery

OCTOBER 5, 2021

CFPB ISSUES FAQS RELATED TO REG F The Consumer Financial Protection Bureau has published a set of “Frequently Asked Questions” or FAQs relative to Regulation F that provide answers to questions about the Limited-Content Message and the call frequency provisions of the debt collection rule.

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Collections 240

Account Recovery

JULY 28, 2022

Yesterday, the Bureau published a new set of Frequently Asked Questions related to electronic communications and communicating during unusual or inconvenient … The post CFPB Publishes More Reg F FAQs, Addressing Electronic Communications and Inconvenient Times & Places appeared first on AccountsRecovery.net.

Accounts Receivables Management 241

Accounts Receivables Management 241

Account Recovery

MAY 26, 2022

The Consumer Financial Protection Bureau is asking each of the nation’s six largest credit card lenders why they are choosing to not include the amount that their customers pay each month when furnishing information to the credit reporting agencies, saying that the practice has the potential to suppress consumers’ credit scores and prevent (..)

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Lender Banks 246

Account Recovery

SEPTEMBER 18, 2023

The Consumer Financial Protection Bureau has announced it will be opening a docket and seeking input from the public on a proposal that was filed last week by a number of consumer advocacy organizations that filed a petition asking the CFPB to issue a rule on mandatory pre-dispute arbitration provisions in contracts between financial services […] (..)

Financial services 130

Financial services 130

Collection Industry News

SEPTEMBER 23, 2020

17, 2019 on the CFPB’s Notice of Proposed Rulemaking for the Fair Debt Collection Practices Act of 1977. The post Debt Collection Industry Asks CFPB for Clarity in Updated FDCPA Rule appeared first on Collection Industry News. WASHINGTON , Sept. In 2016, our industry returned $67.6 billion of funds to U.S.

Fair Debt Collection 40

Fair Debt Collection Collections Accounts Receivables Management Creditors 40

Account Recovery

DECEMBER 3, 2021

When a football player is traded from one team to another or released, one of the first things that the team asks for is the copy of the player’s playbook, which details all of the plays that the team uses during the course of a game.

Trade 246

Trade 246

Account Recovery

APRIL 17, 2023

A petition has been filed by a health advocacy organization asking the Consumer Financial Protection Bureau to begin a rulemaking under the Fair Credit Reporting Act that would prohibit the reporting of medical debt on credit reports if the debt was incurred for medically necessary services.

Healthcare 130

Healthcare 130

Account Recovery

DECEMBER 17, 2021

The Consumer Financial Protection Bureau announced yesterday that it is shining its regulatory spotlight on a growing form of credit in the financial services industry — Buy Now Pay Later (BNPL) companies — and sent inquiries to five of the major providers asking for information “to illuminate the range of these consumer credit products (..)

Financial services 246

Financial services Consumer Credit 246

Account Recovery

MAY 18, 2021

Under Agreement With CFPB appeared first on AccountsRecovery.net. Under Agreement With CFPB appeared first on AccountsRecovery.net.

Debt settlement 246

Debt settlement Collections 246

Account Recovery

JUNE 18, 2021

Pat Toomey … The post Senator Opens Probe Into Potential Civil Service Violations at CFPB appeared first on AccountsRecovery.net.

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Account Recovery

JUNE 18, 2021

Judge Grants MTD in FDCPA Case Over Alleged Third-Party Disclosure; Senator Opens Probe Into CFPB appeared first on AccountsRecovery.net.

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Collections 237

Account Recovery

JANUARY 4, 2021

CFPB TASK FORCE TO RELEASE REPORT TOMORROW A task force convened by the Consumer Financial Protection Bureau that was charged with “modernizing” consumer protection laws is due to release its report tomorrow, with as many as 100 different recommendations. A year ago, if you had asked … The post Daily Digest – January 4.

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Consumer Finance

SEPTEMBER 22, 2022

The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households.

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Consumer Finance

JUNE 21, 2022

The Consumer Financial Protection Bureau (CFPB) is taking the first step toward addressing credit card company penalty policies costing consumers $12 billion each year, starting by looking at excessive late fees.

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Troutman Sanders

OCTOBER 13, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion regarding § 1034(c) of the Consumer Financial Protection Act (CFPA), which requires large banks and credit unions to comply in a timely manner with consumer requests for information concerning their accounts.

Banks 52

Banks Credit Unions Credit Unions Financial Institution 52

FFGN COLLECT NY

DECEMBER 15, 2021

The Consumer Financial Protection Bureau (CFPB) has more to do with your debt collection claim than you might think. Personally, CFPB has a lot to do with how companies approach you to collect debt and other financial products. Each state has its own set of rules to complement the federal rules enforced by the CFPB.

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Debt collector Collections Fair Debt Collection Collection Agencies 98

Troutman Sanders

DECEMBER 4, 2023

32 , respectively) disapproving the Consumer Financial Protection Bureau’s (CFPB or Bureau) implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule). CFPB will dissolve if the U.S. House and Senate ( H.J.

Financial services 52

Financial services Lender Collections 52

Troutman Sanders

JULY 28, 2023

On July 27, the Consumer Financial Protection Bureau (CFPB) released a new blog post , positing that cashflow data, broadly defined as the various inflows, outflows, and accumulated amounts in a consumer’s checking and savings accounts, may provide lenders with a better picture of a consumer’s ability to repay their loans than using a credit score.

Lender 52

Lender Banks Consumer Credit Creditors 52

Troutman Sanders

AUGUST 9, 2023

Supreme Court’s final decision in Community Financial Services Association (CFSA) v CFPB. The plaintiffs’ complaint relied heavily on the Fifth Circuit’s decision in CFSA v CFPB , currently pending before the U.S. However, the district court denied the plaintiffs’ request for a nationwide injunction.

Credit Unions 52

Credit Unions Credit Unions Trade Financial Institution 52

Troutman Sanders

OCTOBER 4, 2023

At issue for the CFPB was what limits, if any, the Constitution puts on how Congress appropriates funding, given that the CFPB is funded indirectly through the Federal Reserve as opposed to money appropriated by regular Congressional appropriations acts.

Financial services 52

Financial services 52

Troutman Sanders

MAY 27, 2022

On May 25, the Consumer Financial Protection Bureau (CFPB or Bureau) published a blog post , examining what it describes as the “practice of suppressing payment data.”. As a result, the CFPB reported that it has sent letters to the CEOs of “the nation’s biggest credit card companies,” asking them to explain this practice.

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Lender Loans 52

Credit Corp

OCTOBER 16, 2023

The debt collection industry is subject to mishaps and mistakes, with some individuals being asked to pay debts they don’t owe. If you’re unsure if the debt is accurate, send a debt verification letter to dispute the debt or ask for additional details. Before paying the debt collector, verify that the debt is actually yours.

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Debt collector Creditors Original Creditor Lender 106