Account Recovery
JANUARY 16, 2025
Key trends: The debt collection industry is undergoing a period of substantial transformation, according to a report released yesterday by TransUnion. With the rise in account volumes driven by external factors like inflation and a fluctuating economy, debt collectors are faced with the dual challenge of managing more accounts with decreasing collectability.
Jimerson Firm
JANUARY 16, 2025
(Update as of 12/27/24): In a shocking turn of events, on December 26, 2024, the Fifth Circuit Court of Appeals reversed its own Order issued earlier this week (see below), resulting in a reinstatement of the injunction on filing beneficial ownership information (BOI) reports. This means that as of this blog post, there is no firm deadline on when you need to file your BOI.
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Account Recovery
JANUARY 16, 2025
A bill was introduced in the House of Representatives this week that would amend the Communications Act of 1934 to ensure that systems generated by artificial intelligence are subject to the same rules and regulations as traditional telephone-based systems when it comes to robocalls. The bill, called the Creating Legal and Ethical AI Recordings (CLEAR) Voices Act, was introduced by Rep.
Consumer Finance
JANUARY 16, 2025
The CFPB took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes.
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.
Account Recovery
JANUARY 16, 2025
A District Court judge in Oklahoma has denied a defendant’s request for sanctions and attorney’s fees in a pair of Fair Debt Collection Practices Act cases involving the same parties, ruling the defendant did not file its motion for sanctions in time for it to be considered and did not make a strong enough case to have the plaintiff be responsible for its attorney’s fees.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 16, 2025
Getting to Know Jake Pimental of Tennis Finance Judge Denies Sanctions and Attorneys Fees in FDCPA Cases Bill Introduced in House to Regulate AI-Generated Robocalls Collection Industry Faces Challenges Amid Growth and Innovation WORTH NOTING: How to find an “accountability partner” use him/her to be more productive … Should you clap when your plane touches down on landing?
Consumer Finance
JANUARY 16, 2025
The CFPB took action against Draper & Kramer Mortgage Corporation for discriminatory mortgage lending activities that discouraged homebuyers from applying to Draper for homes in majority-Black and Hispanic neighborhoods in the greater Chicago and Boston areas.
Account Recovery
JANUARY 16, 2025
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
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