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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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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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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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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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.