Account Recovery
JUNE 20, 2022
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.
American Profit Recovery
JUNE 20, 2022
Consumers as well as the business community have been through a lot during the two-plus years of dealing with the COVID-19 pandemic. Many businesses had to drastically alter the way they conducted business and many as you know all too well were forced to shut down completely temporarily. Consumers either lost their jobs, had their hours cut back depending on the industry they worked in, or decided to take on new careers.
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Account Recovery
JUNE 20, 2022
JUDGE DENIES MTD IN FDCPA CASE OVER LACK OF LICENSE A District Court judge in Utah has denied a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case alleging it violated state law by suing to collect unpaid debts without having a license to collect. CFPB LEADERS DISCUSS APPROACH, PRIORITIES – INCLUDING … The post Daily Digest – June 20.
Nerd Wallet
JUNE 20, 2022
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about eggs — why they’re so expensive right now and how you can adjust your shopping habits. Then we pivot to a discussion about the 2022 home improvement season. Check out this episode on either. Laura McMullen writes for NerdWallet.
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
JUNE 20, 2022
A pair of leaders from the Consumer Financial Protection Bureau made public remarks late last week, and they shed some light into the Bureau’s vision and priorities for at least the foreseeable future, including addressing issues with the accounts receivable management industry. Rohit Chopra, the CFPB’s Director, published a blog post last Friday, under the … The post CFPB Leaders Discuss Approach, Priorities — Including Medical Debt appeared first on AccountsRecovery.net
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 20, 2022
Robocalls are like email spam and phishing attacks in that they are never likely to go away, a pair of experts predicted during a presentation at a technology conference earlier this month, according to a published report on wired.com. While progress has been made, there are still too many sticking points that will make it … The post Why Robocalls Aren’t Going Away Anytime Soon appeared first on AccountsRecovery.net.
Collection Industry News
JUNE 20, 2022
Source: site. The Consumer Financial Protection Bureau (“the Bureau” or CFPB) released an Interpretive Rule —which is exempt from notice-and-comment requirements of the Administrative Procedure Act—that sets out its view on the power of states to bring enforcement actions pursuant to the federal Consumer Financial Protection Act (CFPA). Of note, under the Bureau’s interpretation of the CFPA, states can enforce consent orders issued by the Bureau, and the limits applicable to the Bureau’s enf
Account Recovery
JUNE 20, 2022
A District Court judge in Utah has denied a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case alleging it violated state law by suing to collect unpaid debts without having a license to collect. A copy of the ruling in the case of Chamberlain v. Crown Asset Management can be accessed … The post Judge Denies MTD in FDCPA Case Over Lack of License appeared first on AccountsRecovery.net.
Collection Industry News
JUNE 20, 2022
Source: site. The U.S. Court of Appeals for the Eleventh Circuit decided a case last week in which it held that monthly mortgage statements required under TILA may (but do not necessarily) constitute communications in connection with the collection of a debt and therefore may be subject to the FDCPA. The Eleventh Circuit’s opinion reversed the district court’s dismissal of a borrower’s FDCPA claim against her mortgage servicer.
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Fico Collections
JUNE 20, 2022
Home. Blog. FICO. How Might Buy Now, Pay Later Loans Impact FICO® Scores? Key findings from FICO research on consumer credit files with recently opened Buy Now, Pay Later loans. NicholetteLarsen@fico.com. Tue, 03/23/2021 - 22:16. by Suna Hafizogullari. expand_less Back To Top. Mon, 06/20/2022 - 15:00. In our last blog post , we discussed key considerations in the impact to the FICO® Score of Buy Now, Pay Later (BNPL) accounts being included in the consumer credit file based on our research on da
Collection Industry News
JUNE 20, 2022
Source: site. On June 9, the CFPB filed a complaint and proposed order in California federal district court seeking final judgment against the owner of a student loan debt relief company for allegedly withdrawing more than $240,000 from the bank accounts of student borrowers without authorization. According to the complaint, the defendant, through his company, obtained student loan account and billing information for hundreds of borrowers without the borrowers’ knowledge or consent from anot
Collection Industry News
JUNE 20, 2022
Source: site. The California Office of Administrative Law (OAL) has approved the California Department of Financial Protection and Innovation’s (DFPI) final regulations , which require providers of commercial financing, including nonbank lenders, to provide commercial borrowers with cost-of-credit disclosures similar to those provided to consumer customers.
Collection Industry News
JUNE 20, 2022
. Source: site. . Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy, weighed down by a heavy debt load, disruptions to its supply chain network and surging costs. NEW YORK — Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply chain network and surging costs.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Collection Industry News
JUNE 20, 2022
Source: site. The Department of Education is preparing a major overhaul for the current student loan servicing systems. ( iStock ). The Department of Education recently announced that it will overhaul its current federal student loan servicing systems, giving more power to borrowers to easily manage their student loans. The department said it expects that improving the servicing systems could help borrowers to avoid missed payments or even default.
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