Thu.Jun 15, 2023

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Getting to Know Marc Carter of CBC

Account Recovery

The fact that Marc Carter is willing to play “two truths and a lie” in sharing information about himself may tell you everything you need to know about the industry veteran who has spent nearly five decades in collections.

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The Rising Juneteenth Tide: Pursuing Racial Economic Justice

Prosperity Now

Juneteenth National Independence Day commemorates the Emancipation Proclamation, in which President Abraham Lincoln issued the proclamation to free enslaved African

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SameDay Auto Finance LLC. Partners with Skit.ai to Automate Collections Calls and Enhance Customer Experience

Account Recovery

The company has automated over 100,000 collection calls, achieving an RPC of over 36% and 4% PTP by deploying Skit.ai’s Voice AI Solution. NEW YORK, NY (June 15, 2023) – Skit.ai, the leading Conversational Voice AI solution in the Account Receivable Management (ARM) industry, has announced a strategic partnership with SameDay Auto Finance, LLC.

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This Father’s Day, Men Need Paid Leave, Too!

Prosperity Now

This June, families across the country are celebrating fathers and father figures in their lives. The yearly question of what to get dad for Father's Day will come up, and many kids will begin crafting and signing homemade cards.

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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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Insurance Company Files Suit to Block Coverage of Collector’s Data Breach

Account Recovery

An insurance company has filed a lawsuit in federal court seeking a declaratory judgment that it does not have to cover a collection agency in connection with a class-action lawsuit that was filed after the agency suffered a data breach, because the policy excluded damages arising out of the disclosure of a consumer’s personal or […]

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Judge Dismisses FDCPA Suit for Lack of Standing, but Gives Plaintiff Chance to File New Complaint

Account Recovery

A District Court judge has partially granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case and dismissed the complaint because the plaintiff lacked standing to sue, but gave the plaintiff — who raised new issues of why he has standing at the wrong time — an opportunity to file […]

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What You Need to Know About Pet Trusts

Fraser

A pet trust is a legal document that allows you to provide for the care of your beloved pet if you become incapacitated and after you pass away. A pet trust can be created as a standalone document, or as part of a revocable (living) trust or will. In addition, a durable power of attorney can provide instructions to an agent for the care of a pet during your lifetime.

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Student Loan Borrowers Will Struggle to Pay Debts Once Moratorium Ends: CFPB

Account Recovery

The Consumer Financial Protection Bureau has published an update on the impact that the end of the payment moratorium is going to have on individuals with student loans, adding more fuel to the fire that a large number of borrowers will struggle and quickly find themselves in financial trouble once the freeze ends.

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Announcing Troutman Pepper’s New Financial Services Blog and Financial Services App!

Troutman Sanders

Please join Troutman Pepper Partners Chris Willis and James Stevens for a very special announcement about two new great tools for the financial services industry: The Troutman Pepper Financial Services blog and the Troutman Pepper Financial Services app. The blog will provide analysis and commentary on financial services law, regulation, and business, spanning across all areas of law that impact financial services providers.

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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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Daily Digest – June 15. Getting to Know Marc Carter of CBC; Insurance Co. Files Suit to Block Coverage of Collector’s Data Breach

Account Recovery

GETTING TO KNOW MARC CARTER OF CBC INSURANCE COMPANY FILED SUIT TO BLOCK COVERAGE OF COLLECTOR’S DATA BREACH JUDGE DISMISSES FDCPA SUIT FOR LACK OF STANDING, BUT GIVES PLAINTIFF CHANCE TO FILE NEW COMPLAINT STUDENT LOAN BORROWERS WILL STRUGGLE TO PAY DEBTS ONCE MORATORIUM ENDS: CFPB SAMEDAY AUTO FINANCE PARTNERS WITH SKITA.

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Evasive Deposition Tactics by the CFPB Supported Dismissal as a Sanction, Affirmed by Eleventh Circuit

Burr Forman

On Monday, the Eleventh Circuit affirmed sanctions levied by the United States District Court for the Northern District of Georgia against the Consumer Financial Protection Bureau due to its conduct during discovery. The CFPB initiated the lawsuit in Consumer Financial Protection Bureau v. Brown , F.4th , 2023 WL 3939432 (11th Cir. June 12, 2023) against eighteen different defendants for allegedly engaging in or substantially assisting a fraudulent debt collection scheme.

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To Stop Scams, It’s Time to Add Sensible Friction to Easy Money

Fico Collections

Home Blog Feed test To Stop Scams, It’s Time to Add Sensible Friction to Easy Money The convenience and speed of real-time payments makes it easy for fraudsters to scam individuals. It’s time to consider sensible friction in the process. Wed, 03/08/2023 - 22:14 jessica shortt by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/15/2023 - 15:05 As someone who has made a career in the payments industry, I feel a little weird making this bold statement: it has become too e

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Visma | Onguard becomes Onguard

On Guard

In 2022, Onguard made important choices which impacted the product portfolio. We now introduce a new proposition and branding that complements this renewed strategy. As part of our company’s rebranding initiative, we are strategically pivoting our attention away from order-to-cash solutions, placing a strong emphasis on credit management. This strategic decision aligns with our vision to provide comprehensive and specialised services in credit management, catering to the evolving needs of

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ERM Program Fundamentals for Success in the Banking Industry

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?

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FTC Seeks Public Input on Joint Consumer Protection Efforts with State Attorneys General

Troutman Sanders

On June 12, the Federal Trade Commission (FTC or Commission) published a request for public comment seeking comments and suggestions on effective coordination efforts with state attorneys general nationwide to help educate and protect consumers from potential fraud. This comes at the direction of the FTC Collaboration Act of 2021, which was signed into law last October by President Joe Biden.

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