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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? Call … The post SOL Disclosures Source of Issue in FDCPA Lawsuit first appeared on AccountsRecovery.net.
The Consumer Financial Protection Bureau (CFPB) issued a new circular affirming that a bank may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it.
A District Court judge in Missouri has denied a defendant’s motion to dismiss a Telephone Consumer Protection Act class action that alleged a debt collector used a prerecorded robotic message instructing the plaintiff to “press 2 if you are not this person.” The plaintiff pressed 2, the call ended, and the plaintiff filed this class … The post Judge Denies MTD in TCPA Class Action Even Though Plaintiff Pressed ‘2’ first appeared on AccountsRecovery.net.
A jumbo loan is a type of mortgage that surpasses the Federal Housing Finance Agency (FHFA) limitations and is used to finance expensive properties. If you’re looking to purchase a property or a home in a more expensive area, it’s important to understand how jumbo loans work. Many individuals use jumbo loans to finance properties that exceed conventional loan limits.
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.
The Court of Appeals for the Ninth Circuit has vacated a lower court’s summary judgment ruling in favor of a collector that was accused of violating the Fair Debt Collection Practices Act, ruling the District Court judge made a mistake and should have considered a summary judgment motion filed by the plaintiff as a partial … The post Appeals Court Vacates Part of Summary Judgment Ruling in FDCPA Case first appeared on AccountsRecovery.net.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Are you one of the 16% of Americans with a low credit score? Low scores can stick around from poor financial habits when you were younger or if you’re still working up your credit score.
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Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Are you one of the 16% of Americans with a low credit score? Low scores can stick around from poor financial habits when you were younger or if you’re still working up your credit score.
A platform that aims to help healthcare providers recover more of their accounts receivable on their own — without needing to place the accounts with collection agencies — has raised $22 million in a Series B fundraising, with the plan to accelerate its growth. Inbox Health is currently being used by more than 2,600 healthcare … The post Medical Billing Platform Raises $22M first appeared on AccountsRecovery.net.
If an imposter has stolen your identity to open fraudulent credit accounts in your name, you’ll want to act fast to not only protect your identity and credit record, but also get the fraudulent accounts removed from your credit reports as quickly as possible. Identity theft is a federal crime, and in some cases the offender can even go to jail, so this isn’t a light issue.
SOL DISCLOSURES SOURCE OF ISSUE IN FDCPA COMPLAINT Letting a consumer know about the statute of limitations can be a difficult needle to thread. There are often disclosures under state law that need to be made while collectors also look to caselaw and enforcement actions to see what judges and regulators have deemed to be … The post Daily Digest – May 9.
Renting a home, apartment or town house can affect your credit in a number of ways. It’s increasingly common for credit reporting agencies to include positive rental history in consumer credit reports. Even in cases where your rent payments won’t get reported, the rent-credit relationship is important to consider. Having good credit can help you rent an apartment, and paying rent on time can help you build good credit.
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.
In Bemero v. Lloyd & McDaniel, PC , the U.S. District Court for the Northern District of Illinois granted a motion to dismiss in a Federal Debt Collection Practices Act (FDCPA) case where the Model Validation Notice (MVN) was undated, finding the plaintiff lacked standing because she did not allege a concrete injury. The defendant collections firm sent the plaintiff an MVN that was undated.
Do you have bill collectors contacting you about unpaid debt? If so, it’s important to understand your rights. Even if you have debt that’s still unpaid, your creditors only have a certain amount of time to take legal action against you. So, before you think about talking to a bill collector or agreeing to a new payment arrangement, it’s important to know what the statutes of limitations are in your state.
Selling a business requires evaluating several factors beyond settling on the right price. The choice between an asset sale and an equity sale is one of the most crucial yet frequently overlooked aspects of selling a business. Both asset and equity sales present distinctive advantages and disadvantages that warrant careful consideration when selling a business and selecting a transaction structure.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. The amount of money you need for a down payment depends on the overall cost of the house as well as the type of loan you’re approved for.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
A district court in the Western District of Washington held that the Fair Credit Reporting Act (FCRA) does not require a consumer reporting agency (CRA), as part of its investigative duties, to issue an opinion on the legal validity of a consumer’s debt. Through its holding, the court denied the plaintiff’s motion for reconsideration and motion to amend her complaint ruling that its previous decision, granting judgment on the pleadings for the CRA, did not conflict with the Ninth Circuit’s decis
17% have had to reorganise in their own organisation due to economically challenging times Amsterdam, 9 May 2023 – As many as 25% of finance professionals have more customers who are unable to pay their bills on time due to the tough economic times. This is according to the FinTech Barometer, Onguard’s survey on the financial status at Dutch companies , which was conducted for the sixth time this year.
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On May 4, the Consumer Financial Protection Bureau (CFPB) published a report on high-cost specialty financial products, such as medical credit cards, sold to patients as a way to alleviate the growing costs of medical care.
Introduction: When you’ve obtained a judgment in your favor, the next crucial step is enforcing it and recovering the owed amount. One significant aspect of the enforcement process involves locating assets belonging to the judgment debtor. By identifying these assets, you can explore avenues for garnishment, liens, or other means of debt recovery.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
NACM's Professional Certification Program provides the necessary tools for credit professionals to build their careers. It takes dedication, patience and persistence to learn and earn those credentials and many credit professionals are able to apply the knowledge they have gained into their daily lives."I love the credit profession," said Yazmin Ye.
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