Account Recovery
SEPTEMBER 21, 2023
The Consumer Financial Protection Bureau today announced it was beginning the rulemaking process to remove medical debts from consumers’ credit reports, removing the “leverage” that debt collectors use to “pressure” consumers into repaying unpaid medical debts.
Consumer Finance
SEPTEMBER 21, 2023
Under a recent CFPB enforcement action, customers who signed up for credit repair services that were marketed to them through telemarketing can cancel their credit repair services anytime.
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Account Recovery
SEPTEMBER 21, 2023
The Consumer Financial Protection Bureau is trying to build more guardrails around how companies in the financial services industry use artificial intelligence, issuing a warning that when sending credit denial letters to consumers, lenders must receive accurate and specific reasons and not just a checklist detailing why a credit request was denied.
Roths Child Law
SEPTEMBER 21, 2023
Filing for bankruptcy is a significant decision that can be simultaneously stressful and a source of relief for those who choose this path. When someone files for bankruptcy, an essential provision called the automatic stay comes into play. This turn of events is fundamental to the bankruptcy process. Bankruptcy is a complex procedure that aims to give debtors a fresh start while ensuring creditors get as much repayment as possible.
Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius
4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor
Account Recovery
SEPTEMBER 21, 2023
Getting to Know Shannon Battani of Unifund Judge Dismisses Most Counts in FDCPA Case Over Disputed Debt CFPB Denies Petition in Student Loan BK Collection Discharge Investigation CFPB Publishes Guidance on Use of AI in Credit Decisions WORTH NOTHING: Why a cyberattack is to blame for your inability to find Clorox wipes … Tips to […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
SEPTEMBER 21, 2023
Having learned from one of the legends of the accounts receivable management and debt buying industries, it’s no wonder that Shannon Battani has forged a successful career for herself. Even though she is someone who relishes in helping her colleagues and co-workers, Battani understands the importance of being a good listener.
Troutman Sanders
SEPTEMBER 21, 2023
Join us for the third episode in a special three-part series covering the CFPB’s intention to propose new rules under the Fair Credit Reporting Act (FCRA). In this episode, Troutman Pepper Partners Chris Willis, Dave Gettings, Kim Phan, Ethan Ostroff, and Ron Raether discuss the potential implications of regulating data brokers under the FCRA, and how this might affect data brokers as well as other types of entities, including users, consumer reporting agencies, and resellers.
Account Recovery
SEPTEMBER 21, 2023
A District Court judge in Connecticut has dismissed a laundry list of Fair Debt Collection Practices Act claims made by a plaintiff against a collection law firm, but denied the defendant’s motion to dismiss on one of the claims, which can be used to serve as a reminder to collectors to make sure you include […]
Troutman Sanders
SEPTEMBER 21, 2023
Join us for the third episode in a special three-part series covering the CFPB’s intention to propose new rules under the Fair Credit Reporting Act (FCRA). In this episode, Troutman Pepper Partners Chris Willis, Dave Gettings, Kim Phan, Ethan Ostroff, and Ron Raether discuss the potential implications of regulating data brokers under the FCRA, and how this might affect data brokers as well as other types of entities, including users, consumer reporting agencies, and resellers.
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.
Account Recovery
SEPTEMBER 21, 2023
The Consumer Financial Protection Bureau has denied a petition from the Pennsylvania Higher Education Assistance Agency to set aside a civll investigative demand into whether the servicer maintained adequate policies and procedures to determine whether loans were dischargeable in bankruptcy and if attempts were made to collect on loans that had been discharged in bankruptcy, […]
Troutman Sanders
SEPTEMBER 21, 2023
The Consumer Financial Protection Bureau (CFPB) today outlined a plan for rulemaking under the Fair Credit Reporting Act (FCRA) that could significantly impact the entire consumer data ecosystem. The proposed rulemaking could redefine “data brokers” and “data aggregators” and extend FCRA regulation to businesses that do not currently meet the FCRA’s definition of “consumer reporting agency.
Consumer Finance
SEPTEMBER 21, 2023
Gracias a la acción de la CFPB, Clientes pueden cancelar en cualquier momento los servicios de reparación de crédito que les hayan vendido con telemarketing.
Troutman Sanders
SEPTEMBER 21, 2023
This summer, Representative Roger Williams (R-Texas) and Senator John Kennedy (R-La.) introduced identical Congressional Review Act (CRA) resolutions in the U.S. House and Senate ( H.J. Res. 66 and S. J. Res. 32 , respectively) disapproving the Consumer Financial Protection Bureau’s (CFPB or Bureau) implementation of the small business data collection and reporting final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule).
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