Thu.Feb 15, 2024

article thumbnail

Daily Digest – February 15. Getting to Know Chris Peppler of Oliphant USA; Judge Grants MTD in FDCPA Case Over Allegations of Collecting, Furnishing Without Consent

Account Recovery

Getting to Know Chris Peppler of Oliphant USA Judge Grants MTD in FDCPA Case Over Allegations of Collecting, Furnishing Without Consent Elective Medical Finance Company Raises More Money to Help Aid Expansion Pay-by-Bank Volume Set to Explode: Plaid WORTH NOTING: The health benefits of tai chi just keep expanding when compared to other forms of […]

article thumbnail

CFPB Report Finds Large Banks Charge Higher Credit Card Interest Rates than Small Banks and Credit Unions

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Judge Grants MTD in FDCPA Case Over Allegations of Collecting, Furnishing Without Consent

Account Recovery

A District Court judge in Mississippi has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case after it was sued by a plaintiff representing himself, claiming the defendant violated the statute because it was attempting to collect a debt that was not owed to that company and because it was allegedly […]

article thumbnail

London Mansions being seized as part of Debt Collection efforts

UK debt collections

London mansions are being seized as part of measures to recover debts in London from bankrupt businessmen. A Kensington mansion has become the capital’s latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts. The property on Queen’s Gate, near Hyde Park, is being sold by receivers for around $34m (£27m) alongside another house worth some $520,000 (£412,000) as part of bankruptcy proceedings, according t

article thumbnail

Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

article thumbnail

Pay-by-Bank Volume Set to Explode: Plaid

Account Recovery

The head of payments at Plaid recently spoke about the growth and opportunities that are being presented through the pay-by-bank or ACH channel, especially in areas like bill payments. ACH volumes have been growing “like crazy” in other areas of the world, like Europe and Asia, noted Rahul Hampole in the report.

Banks 130

More Trending

article thumbnail

Getting to Know Chris Peppler of Oliphant USA

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

article thumbnail

Year in Review and a Look Ahead: Unraveling the Threads of Class Action Litigation

Troutman Sanders

In this final episode of The Consumer Finance Podcast Year in Review series, host Chris Willis is joined by Tim St. George, a key member of our Consumer Financial Services Litigation team. They discuss the significant developments in consumer finance class action litigation in 2023 and what to expect in the year ahead. Topics include ethical issues associated with class actions, the debate over service awards, attorney-client privilege, and more.

article thumbnail

Elective Medical Finance Company Raises More Money to Help Aid Expansion

Account Recovery

An area of focus within medical debt today is the difference between elective and non-elective procedures. Consumers who incur medical debt because their appendix bursts, for example, are being looked at differently than someone who undergoes surgery to remove a mole or a wart.

article thumbnail

CFPB Issues Revised Supervisory Appeals Process

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.

article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

article thumbnail

What To Know Before Signing a MCA Agreement

FFGN COLLECT NY

A merchant cash advance or MCA agreement is the provision of a lump sum of cash by a merchant cash provider in exchange for future receivables. While technically not a loan, there is the expectation that the receiver will pay back the provider a larger amount of future receivables—essentially a guarantee of future revenue. It is typically easy for companies to qualify for these types of advances.