Wed.Mar 27, 2024

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Daily Digest – March 27. Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap; Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit

Account Recovery

Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit CFPB, FTC Ramping Up Tech Capabilities, Staff 27 Companies Seeking Collection Talent WORTH NOTING: Now that Spring is on the way, here is the best patio furniture and how to shop for it […]

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Haulage firms named in Business Late payers list

UK debt collections

Well known transport, distribution and haulage firms have cropped up in a list naming and shaming both late and serially-late payers of invoices. The “rogues gallery” included Ceva Logistics, Reed Boardall, Brake Bros and Jack Richards & Son. However, Leicestershire-based Samworth Brothers was praised for making a big improvement in its payment performance.

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Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth Cap

Account Recovery

Collectors that choose to settle Fair Debt Collection Practices Act lawsuits for amounts that exceed the cap established by the statute are making their own bed and should not be restricted from doing so, a Magistrate Court judge in New Jersey has ruled, granting preliminary approval of a settlement in an FDCPA class action.

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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. So, what happens if I get a job after filing Chapter 7? They believe those declaring bankruptcy are irresponsible or bad with money.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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27 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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Visa, Mastercard to Lower Interchange Fees, Settling 20-Year-Old Suit

Account Recovery

Visa and Mastercard yesterday announced a settlement in a long-running class action that will see the card processing giants lower the fees they charge merchants for credit cards transactions and cap those fees for five years.

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Member Spotlight: One Step at a Time

NACM

In B2B credit, business and law go together. Developing skills in business law helps credit professionals navigate complex legal environments, mitigate risks, protect assets and foster ethical conduct. Timothy Van Natta, CBF, clinical assurance division chief at California Department of Health Services (Sacramento, CA), just earned his Certified Bu.

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CFPB, FTC Ramping Up Tech Capabilities, Staff

Account Recovery

Recognizing the growing importance of technology in financial services, the Consumer Financial Protection Bureau and the Federal Trade Commission yesterday issued statements indicating how both agencies will be ramping up the size and scope of their technology capabilities to keep pace with the rapidly evolving tech ecosystem.

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