Account Recovery

NOVEMBER 27, 2024

Minnesota Attorney General Keith Ellison announced yesterday that his office has filed a consent order to resolve an investigation into several online lenders under LDF Holdings LLC. The investigation focused on the lenders’ practices of charging exorbitant interest rates on small loans, which violated Minnesota’s usury laws, and misleading consumers about their repayment obligations.

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Lender Collections Loans Debt collector 130

Account Recovery

NOVEMBER 27, 2024

The latest Spending in Retirement study from the Employee Benefit Research Institute (EBRI) reveals a concerning trend for retirees, with many struggling to make ends meet due to rising credit card debt, insufficient savings, and inflationary pressures. The big picture: The survey found that retirees’ well-being and satisfaction are declining, while outstanding credit card debt has surged.

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Credit Card Debt Collections Agency Collection Agencies Collections 130

Account Recovery

NOVEMBER 27, 2024

As you may know, there are two FDCPAs — the Fair Debt Collection Practices Act and the Federal Debt Collection Procedures Act. This case involves the second FDCPA and is related to attempts by the Consumer Financial Protection Bureau to collect on judgments from a husband and wife who are accused of hiding millions of dollars to settle fines and penalties related to a payday lending scam.

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Account Recovery

NOVEMBER 27, 2024

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. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

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Accounts Receivables Management Collections 130

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Account Recovery

NOVEMBER 27, 2024

Kansas Court to Decide Federal Preemption Question in CFPB Collection Case Minnesota Attorney General Reaches Consent Order with Lenders Over Illegal Debt Collection Practices Retirees Are Tightening Their Belts as Financial Pressures Mount 21 Companies Seeking Collection Talent WORTH NOTING: For the family that wears matching PJs during the holiday season … A guide to the holiday movies of 2024 … The one small tweak that will make your stuffing the hit of Thanksgiving dinner …

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