Mon.May 15, 2023

article thumbnail

Judge Partially Grants MSJ for Plaintiff in FDCPA Case

Account Recovery

A Magistrate Court judge in Nevada has partially granted a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case — but only on the grounds that there are no genuine issues of material fact that the plaintiff is a consumer, the defendant is a debt collector, and the debt in question …

article thumbnail

What Is the Average Credit Card Limit?

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Experian reports the average credit card limit was $28,929.80 in 2022. However, credit card limits vary widely based on factors such as credit score, age, and income.

Lender 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Student Loan Moratorium Costing Gov’t $5B per Month, Think-Tank Claims in Suit

Account Recovery

The moratorium on student loan payments has cost the federal government $160 billion in lost assets and the federal government should be ordered to force individuals with unpaid student loan debts to start repaying them, according to a nonprofit think-tank that is seeking a preliminary injunction against the Department of Education.

article thumbnail

How Does Credit Card Interest Work?

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Credit card interest rates are a percentage of the amount a borrower owes, depending on the total amount lent, the length of the loan, and compounding frequency.

article thumbnail

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.

article thumbnail

Judge Grants Default Judgment for CFPB, State AGs in Enforcement Action

Account Recovery

A District Court judge in Virginia has granted default judgment against each of the defendants in a civil lawsuit filed by the Consumer Financial Protection Bureau and the Attorneys General of New York, Massachusetts, and Virginia against a company accused of taking advantage of immigrants, ruling the defendants are in civil contempt and that “if …

Judgment 130

More Trending

article thumbnail

Daily Digest – May 15. Judge Partially Grants MSJ for Plaintiff in FDCPA Case; Judge Grants Default Judgment for CFPB

Account Recovery

JUDGE PARTIALLY GRANTS MSJ FOR PLAINTIFF IN FDCPA CASE A Magistrate Court judge in Nevada has partially granted a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case — but only on the grounds that there are no genuine issues of material fact that the plaintiff is a consumer, the defendant …

Judgment 130
article thumbnail

A Comprehensive Guide to FedNow

Payment Savvy

The Federal Reserve Bank is currently developing a new instant payment service called “FedNow” that will allow financial institutions to make instant payments. The FedNow Service will begin operating in July 2023 and it is the first U.S. government-created and -backed portal that will enable financial institutions to send and receive payments in real-time 24 hours a day, 7 days a week, 365 days a year, including weekends and holidays.

article thumbnail

Compliance Digest – May 15

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

130
130