Account Recovery

MAY 14, 2025

A California Appeals Court has vacated rulings in favor of a debt buyer and ordered a lower court to award summary adjudication in favor of two consumers on the grounds that they were not required to show they suffered concrete harm or needed standing to accuse the debt buyer of violating California’s Fair Debt Buying Practices Act. The background: In two nearly identical cases, the debt buyer sued consumers for unpaid debts they had incurred through online credit platforms.

Debt Buying 130

Debt Buying Judgment 130

CSA

MAY 14, 2025

In this issue CSA meets Treasury Minister to discuss Debt Purchase & Collections CSA receives response to letter to the Justice Minister FCA changes reporting requirements for debt advice; advises of slowing pace for further reporting changes FCA appoints David Geale as Executive Director for Payments and Digital Finance FOS rise in complaints highlights regulatory pressure points for credit & collections sector UK Finance launches their Take Five to Stop Fraud campaign SRA outlines stra

Consumer Credit 40

Consumer Credit Creditworthiness Collections Creditors 40

Account Recovery

MAY 14, 2025

The Federal Reserve Bank of New Yorks Quarterly Report on Household Debt and Credit for Q1 2025 reveals an increase in total household debt, now surpassing $18 trillion. While other debts saw slight reductions, a significant rise in student loan delinquencies signals an emerging concern. The resumption of delinquent student loan reporting after a pandemic hiatus has led to a sharp increase in the number of borrowers facing serious payment issues.

Student Loans 130

Student Loans Student loans Loans Banks 130

The Kaplan Group

MAY 14, 2025

Tariffs are once again at the center of U.S. trade policy. Under President Trumps current term, sweeping new tariffs have been announced, adding to the duties that remained from the last trade war. This roundup covers 50+ key statistics on U.S. tariffs and trade developments from 2023 to 2025including whats changed, whos paying, and how its affecting the broader economy.

Trade 52

Trade Manufacturing Government Construction 52

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Account Recovery

MAY 14, 2025

California Appeals Court Vacates Rulings in Favor of Debt Buyer CFPB Proposes Scrapping Registry of Nonbank Offenders Student Loan Default Spike Leads to Grave Consequences for Consumers: NY Fed 23 Companies Seeking Collection Talent WORTH NOTING:40% of dog owners say their pet’s health is more important than their own … How someone with a life-threatening food allergy packs when she travels … Egg prices have declined for the first time in months … The one word that can b

Student Loans 147

Student Loans Student loans Loans Collections 147

Account Recovery

MAY 14, 2025

The Consumer Financial Protection Bureau is proposing to rescind a rule that would have created a public registry of nonbank financial companies subject to law enforcement or court orders for violating consumer protection laws. The decision, part of a broader rollback of CFPB initiatives under the Trump administration, could relieve hundreds of companies especially in the collections and lending sectors of a compliance obligation that critics say imposed significant costs with little proven be

Collections 130

Collections 130