Account Recovery

JANUARY 30, 2024

A Magistrate judge in Oregon is recommending that a defendant’s motion for summary judgment be granted in a Fair Debt Collection Practices Act case dealing with the purchase of a used car that turned out to be a lemon. The Background: The plaintiff purchased a used car from a used car dealer in October 2014.

Fair Debt Collection 147

Fair Debt Collection Judgment Collections 147

Jimerson Firm

JANUARY 30, 2024

On October 1, 2023, House Bill 919 , also known as the “Homeowners’ Association Bill of Rights” took effect. This comprehensive bill provides several crucial changes related to the removal of homeowners’ association (“HOA”) officers and directors, fines and suspensions for violations of the declarations, bylaws, or rules of the HOA, as well as new requirements for the comingling of funds, official records requirements, and board meeting notices.

Construction 59

Construction Collections 59

Account Recovery

JANUARY 30, 2024

After falling for at least the past three years, the number of bankruptcy filings spiked upwards in 2023, according to data released last week by the Administrative Office of the U.S. Courts. The number of non-business bankruptcy filings in 2023 totaled 434,064, up from 374,240 in 2022.

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Bankruptcy 130

UK debt collections

JANUARY 30, 2024

Latest data analysis by Mazars has found that on average a dozen construction firms are going bust every day after 4,370 firms collapsed last year. In the year to the end of November, 4,370 companies went insolvent compared to 4,086 in 2021/22 and 2,481 in 2020/21. This reflected a 7% increase in insolvencies from 2021/22 and 76% in 2020/21 due to high material and labour costs.

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Construction Bankruptcy Debt Recovery 59

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

JANUARY 30, 2024

A bill has been introduced in the House of Representatives — by the author of the TRACED Act — to close the “loophole” created by the Supreme Court in the Facebook v. Duguid ruling and provide consumers with more protections against robocalls and the growing use of artificial intelligence in facilitating robocalls.

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Account Recovery

JANUARY 30, 2024

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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Troutman Sanders

JANUARY 30, 2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 29, Acting Comptroller of the Office of the Comptroller of Currency (OCC) Michael J. Hsu delivered remarks at an event hosted by the University of Michigan School of Business, titled “What Should the U.S.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Account Recovery

JANUARY 30, 2024

FDCPA Suit Seeks $5.

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Collection Industry News

JANUARY 30, 2024

The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down President Joe Biden’s executive order to cancel up to $20,000 in student debt for tens of millions of Americans, his administration has searched for ways to cancel the debt using existing legal authority.

Student loans 40

Student loans Student Loans Education Loans 40

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Collections

NACM

JANUARY 30, 2024

Accomplishing goals requires discipline and dedication—especially in the B2B credit industry. NACM's Professional Certification Program gives credit professionals the opportunity to accomplish their professional goals through education tailored to their interests. With six levels of certifications, credit professionals can create their own path to.

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Education 5

Collection Industry News

JANUARY 30, 2024

Only half of America’s credit card customers believe they can pay off their December balance in full, according to an industry index, signaling a low ebb in “credit card confidence” as the nation emerges from the holidays. The LendingTree Credit Card Confidence Index, a monthly survey published since 2018 by the personal finance site, dipped to 51% in December, an all-time low.

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Credit Card Debt Credit Counselor Retail Consumer Credit 40