Mon.Mar 04, 2024

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Daily Digest – March 4. Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim; Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports

Account Recovery

Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports The Power of a Virtual Assistant in Your Organization Compliance Digest – March 4 WORTH NOTING: The best smart security devices to help your home feel safe … Why […]

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CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) ) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

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The Power of a Virtual Assistant in Your Organization

Account Recovery

A blog post from Klarna, a Buy Now, Pay Later fintech company, started making the rounds in the collection industry last week, and has been turning a lot of heads.

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Statement of CFPB Director Rohit Chopra on the Final Rule to Close the Credit Card Late Fee Loophole

Consumer Finance

The Consumer Financial Protection Bureau is taking action to rein in junk fees on credit cards, increase competition, and put billions of dollars back in the pockets of American families.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Bill Introduced in House to Remove Certain Medical Debts from Native Americans’ Credit Reports

Account Recovery

A bipartisan bill has been introduced in the House of Representatives to amend the Fair Credit Reporting Act by restricting certain types of medical debt from appearing on the credit reports of Native Americans as a means of protecting them from wrongfully charged medical bills that are actually owed by the Indian Health Service.

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Compliance Digest – March 4

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.

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Overview of Proposed Florida Employment Legislation for the 2024 Legislative Session

Jimerson Firm

Proactive monitoring of the developing employment legislation and regulations is beneficial for businesses to defray the potential costs of substantial, unprepared operational adjustments that may be required to obtain compliance with employment legislation after its passage. There’s no better way to get a pulse on proposed employment legislation than traveling to Tallahassee and talking about them, which occurred on February 1, 2024.

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Judge Grants MSJ For Defendant in FDCPA Case Over ID Theft Claim

Account Recovery

A District Court judge in New York has given the final heave-ho to a Fair Debt Collection Practices Act case by granting the defendant’s motion for summary judgment over the language used in a communication sent by the defendant to the plaintiff after the plaintiff claimed to be the victim of identity theft.

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CFPB Prohíbe el Cobro de Excesivas Penalidades por Atraso en Tarjetas de Crédito, la Tarifa Típica Baja de $32 a $8

Consumer Finance

La CFPB finalizó hoy una normativa que corta el cobro de excesivas penalidades por atraso en tarjetas de crédito al cerrar un vacío legal, explotado por los grandes emisores de las mismas.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities On March 1, as part of National Consumer Protection Week (NPCW), the Federal Trade Commission (FTC) and its partners, including consumer organizations, national advocacy organizations, and other federal, state, and local government agencies participated