Mon.Mar 04, 2024

article thumbnail

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 […]

147
147
article thumbnail

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.

145
145
Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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.

110
110
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

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.

130
130

More Trending

article thumbnail

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.

130
130
article thumbnail

PDCflow Releases Text Message Service API

PDC Flow

Text messaging with PDCflow has never been better! For two decades, our company has provided compliant, reliable, affordable tools that make it simple to take payments, send documents, get esignatures, and more. Now, PDCflow has enhanced our software to include text message API services. This allows any company to take advantage of our white-labeled texting solution for better customer communication – directly from their system of record.

57
article thumbnail

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.

article thumbnail

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.

52
article thumbnail

When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

article thumbnail

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