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.
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.
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Consumer Finance
JANUARY 16, 2025
The CFPB ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people.
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.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
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.
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?
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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