Tue.Sep 26, 2023

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Advocates Push for More Medical Debt Changes in Wake of CFPB Announcement

Account Recovery

The ink on the proposal from the Consumer Financial Protection Bureau to prohibit medical debts from being included on consumers’ credit reports — among other changes — is barely dry and already consumer advocates are pushing for more changes to be made in the area of medical debt, according to a published report.

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CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.

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Daily Digest – September 26. Collector Facing Class Action Over Not Putting Anything on Back of MVN; Judge Certifies Class in Case Over Info Visible Through Envelope Window

Account Recovery

Collector Facing Class Action Over Fee in Itemization Table, Not Putting Anything on Back of MVN Judge Denies Defendant’s MSJ, Certifies Class in Case Over Info Visible Through Envelope Window TrueML Closing ERC’s Operation in Jacksonville; 164 Workers Affected Advocates Push for More Medical Debt Changes in Wake of CFPB Announcement WORTH NOTING: Why business […]

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Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends

Consumer Finance

Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Collector Facing Class Action Over Fee in Itemization Table, Not Putting Anything on Back of MVN

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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Judge Denies Defendant’s MSJ, Certifies Class in Case Over Info Visible Through Envelope Window

Account Recovery

A District Court judge in New Jersey has denied a defendant’s motion for summary judgment, determined that a plaintiff had standing to sue because of a barcode that was visible through the window of an envelope, and certified a class in a Fair Debt Collection Practices Act lawsuit.

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Why Unpaid Invoices are Hurting Your Business

JMA

For any business, cash flow is king. You need consistent cash coming in the door to pay for ongoing expenses like payroll, rent, inventory and more. When a customer fails to pay an invoice, it throws a wrench in the cash flow machine and can leave your business strapped for working capital. This issue is. Read more » The post Why Unpaid Invoices are Hurting Your Business appeared first on JMA Credit Control.

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TrueML Closing ERC’s Operation in Jacksonville; 164 Workers Affected

Account Recovery

Enhanced Recovery Company, more commonly known around the accounts receivable management industry as ERC, has announced it is closing its office in Jacksonville, Fla., and will be letting go of more than 150 employees because it has decided to stop doing business in North Florida.

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Another Day, Another ATDS Suit Dismissed in E.D. Pa.

TCPA

Plaintiff Andrew Perrong is no stranger to the Eastern District of Pennsylvania, and on September 18, 2023, yet another of Perrong’s suits was partially dismissed on ATDS grounds. Perrong v. Bradford, et al., No. 2:23-cv-00510, 2023 WL 6119281 (E.D. Pa.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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Our State and Federal Legislative and Regulatory Tracking Products

Troutman Sanders

Please join Troutman Pepper Partners Kim Phan and Stefanie Jackman for a special podcast episode showcasing our firm’s state and federal legislative and regulatory tracking products. These powerful tools were designed to inform industry professionals about the latest state and federal legislative and regulatory developments in order to aid organizations with their compliance management systems and initiatives.

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Member Spotlight: Valuable Tools for the Future

NACM

Commitment is key in accomplishing your career goals. Your drive and determination are important in order to stay focused on what you want to accomplish. Through NACM's Professional Certification Program, credit professionals have an opportunity to grow and learn more about the profession with educational courses offered. "Making the commitment to.