Account Recovery

OCTOBER 5, 2023

The Massachusetts Division of Banks has assessed a $1.5 million fine against a company for acting as a third party loan servicer in the state without the appropriate license to do so. A copy of the consent order with Bill Me Later can be accessed by clicking here.

Banks 147

Banks Loans 147

Credit Corp

OCTOBER 5, 2023

Snapshot: This OpenSky Secured Visa credit card offers a way for those with poor or no credit to build credit. It has a fairly low annual fee ($35 ) and is simple to qualify for, making it an affordable way to enter into the credit card market for younger adults. OpenSky® Secured Visa® Credit Card Apply Now on OpenSky's secure website Card Details Intro Apr: N/A Ongoing Apr: 22.64% (variable) Balance Transfer: N/A Annual Fee: $35 Credit Needed: Fair-Poor-Bad-No Credit Snapshot of Card Features N

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105

Account Recovery

OCTOBER 5, 2023

Getting to Know Angelia Emanie of KLS Financial Services Judge Grants MTD in State Court Class-Action Over Lack of License Using Credit Reporting to Get Consumers to Repay Debts is ‘Deliberate Misuse’ of System: CFPB GC Mass. Regulator Fines Servicer $1.

Financial services 147

Financial services 147

Credit Corp

OCTOBER 5, 2023

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: The Bank of America Travel Rewards® Credit Card is ideal for frequent travelers who want to earn travel rewards on their everyday purchases.

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Banks 98

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.

Account Recovery

OCTOBER 5, 2023

In a case that was defended by Rick Perr and Monica Littman of Kaufman Dolowich, a state court judge in New Jersey has granted a defendant’s motion to dismiss a class-action lawsuit after it was sued for violating the Fair Debt Collection Practices Act and New Jersey state law by attempting to collect on a […]

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

OCTOBER 5, 2023

The General Counsel and Senior Advisor to the Director of the Consumer Financial Protection Bureau game a speech yesterday to consumer advocates in New Jersey where he discussed in great detail the Bureau’s efforts to regulate medical debt and the new proposal to eliminate medical debts from consumers’ credit reports, while also sharing some comments […]

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Collections 100

Collections Law

OCTOBER 5, 2023

In today’s world, commerce is mobile. Chances are, your business is providing goods and services in more than one state, especially if you are a larger company. Collecting on a foreign judgment from a debtor in another state can be complicated, but not impossible. At Law Offices of Alan M. Cohen & Associates LLC, we regularly counsel out-of-state clients on debt collection from their debtors who have assets in Massachusetts.

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Judgment Collections Debtor 52

Troutman Sanders

OCTOBER 5, 2023

In the latest episode of Payments Pros , hosts Keith Barnett, Josh McBeain, and Carlin McCrory discuss Earned Wage Access (EWA), a system that allows employees to receive their earned wages before the employer’s payroll cycle. Keith, Josh, and Carlin delve into the potentially applicable federal laws related to EWA, starting with the Truth in Lending Act (TILA).

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Consumer Finance

OCTOBER 5, 2023

Over roughly a decade, digital payments, mostly conducted through mobile devices, rapidly became ubiquitous in China.

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Financial services Banks 73

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Collections