Account Recovery

OCTOBER 31, 2023

A District Court judge in Michigan has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act and Fair Credit Reporting Act case back to small claims court where it was originally filed and notified the plaintiff that he must file a more “definitive” statement of claims to provide the defendant with more […]

Fair Debt Collection 147

Fair Debt Collection Collections 147

On Guard

OCTOBER 31, 2023

Credit management, a term often associated with the finance department, turns out to be a dynamic process involving several departments within an organisation. Think sales, marketing, customer success and IT. The goal goes beyond making sure customers pay on time; it also includes maintaining and strengthening customer relationships. How do we achieve this ambitious goal?

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Credit Management Creditworthiness Collections 52

Account Recovery

OCTOBER 31, 2023

Collection Firm Facing Suit for Filing Suits It Allegedly Did Not Intend to Pursue Judge Denies Motion to Remand FCRA, FDCPA Case Back to State Court Defendant Banned from Collection, Merchant Cash Advance Industries Think Tank Launches Site to Collect Stories From Consumers Impacted by CFPB Data Breach WORTH NOTING: Is this right?

Collections 147

Collections 147

Troutman Sanders

OCTOBER 31, 2023

On October 27, the Federal Trade Commission (FTC) announced a final rule amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act. The Safeguards Rule requires nonbanking financial institutions to develop, implement, and maintain a comprehensive information security program to keep their customers’ information safe.

Financial Institution 52

Financial Institution Acquisition Trade Financial services 52

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

OCTOBER 31, 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?

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Collections 130

Account Recovery

OCTOBER 31, 2023

A federal judge yesterday signed off on a permanent injunction against a defendant — Jonathan Braun — accused of engaging in unfair collection practices from participating in the merchant cash advance or debt collection industries.

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Collections 130

FFGN COLLECT NY

OCTOBER 31, 2023

Real estate is big business in New York. You don’t need to own property to make money either. As a supplier or service provider, selling to co-ops and condos can be very lucrative. Just like the real estate business, debt collection in New York is also nuanced and has its challenges, especially when collecting money from co-ops and condos. According to the New York City Department of Finance, there are 4,310 co-ops and 3,078 condos in New York City with a total of 347,515 units.

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Collections Debtor 52

Account Recovery

OCTOBER 31, 2023

An organization called the Southwest Public Policy Institute has launched a campaign to hold the Consumer Financial Protection Bureau accountable for a data breach that occurred at the Bureau earlier this year and exposed the personal information of 250,000 consumers.

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Collections 130