Account Recovery
JANUARY 6, 2023
Hey! Let’s celebrate! I asked six lawyers a question and not one of them said, “It depends.” 🎉⚖️🪩 In all seriousness, there were a lot of important cases that came down the pike in 2022, changing the landscape of how FDCPA, FCRA, and TCPA cases are litigated. Here are the most important cases, decisions, and … The post The Caselaw That Shaped the ARM Industry in 2022 first appeared on AccountsRecovery.net.
Enterprise Recovery
JANUARY 6, 2023
The Wall Street Journal is reporting that the number of accountants and university students that are studying accounting is falling. The long hours, especially during tax season, are turning off young recruits. Enterprise corporations are offering college credits and higher pay to entice more people into the field. Let's evaluate what accountants do at your business and what to do when your accounting team is dwindling.
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Account Recovery
JANUARY 6, 2023
COMPLAINT ALLEGES COLLECTOR VIOLATED REG F’S 7-IN-7 In one of the few cases I have seen alleging that a collector violated the 7-in-7 provisions of Regulation F, a lawsuit has been filed against a collection operation — and its president and chief executive officer — for violating Reg F and the Fair Debt Collection Practices … The post Daily Digest – January 6.
Nerd Wallet
JANUARY 6, 2023
Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. The article Mortgage Rates Have Room to Rise in January, Prior to Fed Meeting originally appeared on 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
JANUARY 6, 2023
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 Complaint Alleges Collector Violated Reg F’s 7-in-7 first appeared 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
JANUARY 6, 2023
The Consumer Financial Protection Bureau hasn’t officially announced it yet, but its regulatory agenda as of the Fall of 2022 has been published, a document that is updated twice a year to detail its planned rulemaking activities, and there are several items on the list that likely pertain to companies in the accounts receivable management … The post CFPB Publishes Rulemaking Agenda That Has Doubled in Size in Six Months first appeared on AccountsRecovery.net.
Nerd Wallet
JANUARY 6, 2023
Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article Delta Boarding Order Explained originally appeared on NerdWallet.
Account Recovery
JANUARY 6, 2023
For at least the third time against different defendants and the second time against the same defendant, a District Court judge in Rhode Island has granted a defendant’s motion against a plaintiff who files lawsuits alleging violations of the Fair Debt Collection Practices Act for essentially each phone call he receives. A copy of the … The post Judge Grants MTD in FDCPA Claim-Splitting Case first appeared on AccountsRecovery.net.
UK debt collections
JANUARY 6, 2023
Over 1 million pounds has been written off as uncollected debts by a council in Wales. Denbigh County Council predicted in December that it would be £2.1m over budget by the end of the current financial year, a situation worsening as construction costs rise and energy bills soar. Whilst Denbighshire has managed to make savings, lessening its overspending from an initial prediction of £5.5m, figures released this month reveal Denbighshire has written off over £1m (£1,013,245) in debts.
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FFGN COLLECT NY
JANUARY 6, 2023
The New York legislature passed many new laws in 2022, some of which directly affect New York debt collection. We reported on many of these laws including: Cutting the statute of limitations in half to collect medical and consumer debt from six years to three years. Decreasing the legal rate of interest on consumer claims from 9% to 2%. Putting an end to the use of wage garnishments (income executions) in New York to collect medical judgments.
Troutman Sanders
JANUARY 6, 2023
On January 4, the Consumer Financial Protection Bureau (CFPB) issued its 2022 Fall Rulemaking Agenda containing pre-rule, proposed rule, and final rules under consideration. The CFPB releases regulatory agendas twice a year in voluntary conjunction with a broader initiative led by the Office of Budget and Management to publish a Unified Agenda of Regulatory and Deregulatory actions across the federal government.
NCBA Law Practice Management Blog
JANUARY 6, 2023
There’s a funny scene in the Pixar movie ‘Luca’ , where one of the main characters has labeled the negative voice in his head ‘Bruno’ – and, whenever he has thoughts about how he can’t do something, he yells ‘ Silenzio , Bruno!’ (they’re Italian), and so tamps down the fictional naysayer. I mean, it’s a great strategy, honestly. But, for many lawyers (and businesspeople generally), there ’s another, external voice, that can be highly bothersome.
Troutman Sanders
JANUARY 6, 2023
On Dec. 15, 2022, the Federal Financial Institutions Examination Council’s (FFIEC) Task Force on Consumer Compliance adopted revised examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation, Regulation F. The revised interagency procedures will apply to examinations conducted by FFIEC’s member regulators of their respective regulated institutions.
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?
NACM
JANUARY 6, 2023
☀ Start your Friday with the freshest episode of our Extra Credit podcast! This one is all about New Year's resolutions in the credit profession.? Hear from Natalie Pearson and Alicia Perez Johnson!? Also in this episode. hear the winning Elevator Speech entry from Alicia Perez Johnson!
Troutman Sanders
JANUARY 6, 2023
On January 4, the District Court of New Jersey dismissed a Fair Debt Collection Practices Act (FDCPA) complaint against an unlicensed debt collector for lack of standing. In Valentine v. Unifund CCR, LLC, et al., the court held that merely receiving a letter from an unlicensed debt collector is insufficient to establish a concrete injury for Article III purposes.
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