Account Recovery

OCTOBER 24, 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?

162

162

Consumer Finance

OCTOBER 24, 2023

The Consumer Financial Protection Bureau (CFPB) today released its biennial report to Congress on the consumer credit card market.

Consumer Credit 145

Consumer Credit 145

Account Recovery

OCTOBER 24, 2023

The Federal Communications Commission yesterday announced it will begin assessing the evolving threat of how artificial intelligence is being used to impact illegal and unwanted robocalls and texts with the intention of looking at how the Telephone Consumer Protection Act can be used to protect consumers.

147

147

Prosperity Now

OCTOBER 24, 2023

Crisis Assistance Ministry has been a long-time Prosperity Now partner working to close the racial wealth gap in Charlotte, North Carolina. We interviewed Bonnie Tiernan, the organization’s Civic Engagement Manager to learn more about the organization, its successes, and challenges. Tell us some background about yourself – how did you get started with your organization?

105

105

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 24, 2023

Complaint Accuses Collector of Sending Letter to Attorney Who Was Not Representing Plaintiff in Relation to This Debt Another Appeals Court Rules Plaintiff in Hunstein Case Lacks Standing to Sue DFPI Takes Action Against 4 ‘Unscrupulous’ Collectors FCC Announces Inquiry into AI’s Impact on Robocalls, Robotexts WORTH NOTING: How age, stress, and genetics turn your […]

147

147

Account Recovery

OCTOBER 24, 2023

In a case that was defended by Brendan Little at Lippes Mathias, the Court of Appeals for the Seventh Circuit yesterday became the latest to rule that a plaintiff in a Hunstein lawsuit does not have standing to sue because she did not suffer a concrete injury, although the 13 months it took the Court […]

Collections 130

Collections 130

Credit Corp

OCTOBER 24, 2023

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 average credit score by age 18 is 679. Source: Experian Q3 2022 A good credit score can help you apply for loans, pay less for insurance, and qualify for lower interest rates.

Credit Management 98

Credit Management Loans Student loans Student Loans 98

Account Recovery

OCTOBER 24, 2023

The California Department of Financial Protection and Innovation yesterday announced enforcement actions against four unlicensed collection operations as part of the DFPI’s “yearlong crackdown on unscrupulous debt collectors.” Copies of the actions against Centennial Services, Bellgate Associates, Moss Westinghouse and Associates, and Prodigy Portfolio Management can be accessed by clicking here, here, and here.

Debt collector 130

Debt collector Collections 130

Hudson Weir

OCTOBER 24, 2023

If your company needs to restructure debt but directors want to continue trading, you may be considering a scheme of arrangement. This is a different process to a company voluntary arrangement (CVA) which is also covered by different legislation. And it differs from other solutions to address debt such as a creditors’ voluntary liquidation (CVL) or a company administration process.

Creditors 59

Creditors Unsecured Creditor Secured Creditor Trade 59

Advertisement

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections

Jimerson Firm

OCTOBER 24, 2023

Employers must ensure that they provide employees with leave benefits in compliance with all federal and state regulations. One such lesser-known Florida regulation, Section 741.313, Florida Statutes (the “Act”), mandates employees are provided with leave for certain purposes after encountering domestic violence events. In essence, the Act aims to give victims the opportunity to seek safety, medical care, legal assistance, or counseling without fear of losing their jobs.

Judgment 59

Judgment Manufacturing Financial services Construction 59

TCPA

OCTOBER 24, 2023

Recently, a federal judge in the United States District Court for the Western District of Washington granted in part a motion to dismiss a TCPA claim in a putative class action.

52

52

Credit Corp

OCTOBER 24, 2023

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. A 680 credit score is in the “good” range based on the most common scoring model, FICO®. With a 680 credit score, you can get approved for credit cards as well as personal, auto, and home loans.

Personal loans 52

Personal loans Lender Loans Financial Institution 52

On Guard

OCTOBER 24, 2023

After months of hard work on the Visma Application Security Programme (VASP), we achieved a Platinum security status for the latest version of our credit management solution CreditManager in August 2023. This proves that our security meets Visma’s highest security standards. This is obviously an achievement we are incredibly proud of. We talked to our CTO, Tim Blok , about what exactly this security standard means, for both Onguard and our customers, how the process went and what the futur

Credit Management 52

Credit Management 52

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?

Banks

Troutman Sanders

OCTOBER 24, 2023

New York City’s Department of Consumer and Worker Protection (NYC DCWP) recently released a notice of proposed amendments to its debt collection rules. The proposed amendments are detailed, lengthy, and include expanded recordkeeping and reporting requirements, specific provisions relating to collection of time-barred debt and medical debt, and significant revisions to existing rules governing validation and verification procedures and consumer communications.

Collections 52

Collections Debt collector Collection Agencies Collections Agency 52

NACM

OCTOBER 24, 2023

NACM's Professional Certification Program allows credit professionals to earn designations at anytime, anywhere. With an intensive six-level education program, credit professionals have all the tools they need at their fingertips for success. The Credit Business Associate (CBA) is the first level and an academic-based designation that includes a ma.

Education 5

Education 5

Troutman Sanders

OCTOBER 24, 2023

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 October 19, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would accelerate a shift toward open banking, where consumers would have control over data about their financial lives, and would gain new protections against companies

Financial services 52

Financial services Creditworthiness Banks Government 52