Mon.Oct 23, 2023

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Compliance Digest – October 23

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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Email Deliverability: Six Key Questions to Ask Your Debt Collection Provider (and How TrueAccord Measures Up)

True Accord

Did you know one of the most common reasons for missing a payment is because delinquent customers simply forget to pay their bill? But staying top of mind for consumers is harder than ever using traditional call-and-collect methods considering stricter compliance regulations and the fact that 94% of unidentified calls go unanswered. Plus, surveys have found that when it comes to debt collection, 40% of consumers state email as their first preference of communication, and contacting through a cus

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Daily Digest – October 23. Bills Introduced in House, Senate to Prohibit Medical Debt Credit Reporting; Utah Appeals Court Affirms Ruling for Debt Buyer Accused of Violating State Licensing Law

Account Recovery

Bills Introduced in House, Senate to Prohibit Medical Debt Credit Reporting Utah Appeals Court Affirms Ruling for Debt Buyer Accused of Violating State Licensing Law California DFPI Launches Guide to Teach New Consumers About Debt Compliance Digest – October 23 Leading AR Management and Debt Collection Company CACi and Day Knight & Associates Merge WORTH […]

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Proposed Rule Regarding Lifetime Banking Bans for Certain Criminal Offenses

Consumer Finance

One of the biggest challenges that banks face today is recruiting and retaining qualified employees.

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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.

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Utah Appeals Court Affirms Ruling for Debt Buyer Accused of Violating State Licensing Law

Account Recovery

The Utah Court of Appeals has affirmed a lower court’s ruling in favor of a debt buyer that was sued by a group of plaintiffs that alleged the debt buyer’s attempts to collect debts while unlicensed under the Utah Collection Agency Act (UCAA) constituted deceptive and unconscionable acts under the Utah Consumer Sales Practices Act […]

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Bills Introduced in House, Senate to Prohibit Medical Debt Credit Reporting

Account Recovery

A pair of bills have been introduced — one in the House of Representatives and one in the Senate — that seek to amend the Fair Credit Reporting Act to prohibit the inclusion of medical debt items on a consumer’s credit report as a show of support for the Consumer Financial Protection Bureau’s efforts to […]

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, on the Final Rule Implementing the Community Reinvestment Act

Consumer Finance

The final rule should help increase investment and lending in historically excluded communities, including rural communities.

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California DFPI Launches Guide to Teach New Consumers About Debt

Account Recovery

The California Department of Financial Protection and Innovation has released a guide that aims to teach individuals who are new to the United States about the concept of debt, to help them get acquainted with the concept and understand the pros and cons.

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