Account Recovery
JULY 10, 2023
Judge Grants MTD in FDCPA Case Over Argument that Defendant Should Have Known Plaintiff was Represented by Attorney Federal Gov’t Announces Steps to Curb Medical Debt; CFPB to Launch Inquiry into Medical Credit Cards Fin’l Services Groups Ask CFPB for More Clarity on ‘Abusive’ Acts or Practices Compliance Digest – July 10 WORTH NOTHING: How […]
Collect More
JULY 10, 2023
Are you owed money by another business? You MUST do this before you do anything else: Obtain their ABN and verify what their business structure is. Knowing this information is absolutely vital if you want to get paid. The Australian Government’s ABN lookup site www.abr.business.gov.au is a goldmine. Run the customer’s name through that and do whatever you possibly can to find their ABN.
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Account Recovery
JULY 10, 2023
A number of different agencies within the federal government — including the Consumer Financial Protection Bureau — announced on Friday that they are taking steps to try and reduce the amount of medical debt incurred by patients, focusing on the areas of short-term health plans, surprise medical bills, and medical credit cards.
Consumer Finance
JULY 10, 2023
Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account.
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
JULY 10, 2023
In a case that was defended by Patrick Watts at Martin Lyons Watts Morgan, a District Court judge in Missouri has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case after it was sued because it should have known that a previous collector had been notified that the plaintiff was represented […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JULY 10, 2023
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Credit Corp
JULY 10, 2023
A good credit score is a necessity. You need it for renting an apartment, financing a car, buying a house and meeting many other financial goals. Learn how to start improving your score and achieving your goals. 1. Check the Accuracy of Your Credit Reports The first step in improving your credit score is to be aware of what’s on your credit history.
Account Recovery
JULY 10, 2023
Back in April, the Consumer Financial Protection Bureau issued a policy statement on the prohibition on abusive acts or practices in financial services. At the same time it issued its statement, it also opened the statement up for comments from the public.
Credit Corp
JULY 10, 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 cashier’s check is a guaranteed payment method issued by a bank on behalf of an account holder. It ensures the funds are available and provides added security against fraud or insufficient funds.
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Troutman Sanders
JULY 10, 2023
The American Association of Bank Directors (AABD) recently published the second edition of its Practical Handbook on Fair Lending for Bank Directors and Executive Officers (the Handbook), updating the first edition of the Handbook issued in 2016. David Baris, President of AABD, and Troutman Pepper partner Lori Sommerfield (two of the original authors) are again co-authors of the Handbook, together with Troutman Pepper partner Chris Willis and associate Sarah Pruett.
Consumer Finance
JULY 10, 2023
Prepared Remarks of Director Rohit Chopra for the CFPB Hearing on Medical Billing and Collections
Troutman Sanders
JULY 10, 2023
The drumbeat to increase regulation of tenant screening continues, this time in Michigan. On June 15, Michigan state Representative Brenda Carter (D-29) introduced House Bill 4818 , which proposes to amend landlord-tenant act 1972 PA 348. Specifically, the amendment proposes to exclude the credit score of a prospective Michigan tenant from being a deciding factor in determining the prospective tenant’s eligibility for a lease.
Credit Corp
JULY 10, 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. Are you struggling with debt and feeling overwhelmed? You might also be tired of hearing the same old tips that don’t help at all, like “Don’t buy coffee out” or “Just stop spending money.
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?
Troutman Sanders
JULY 10, 2023
In Frazier v. Dovenmuehle Mortgage, Inc. , the Seventh Circuit recently issued an opinion affirming summary judgement in favor of the defendant data furnisher in a suit brought by a consumer under § 1681s-2(b) of the Fair Credit Reporting Act (FCRA) requiring data furnishers upon notice of a dispute to “investigate the disputed data” and “correct or verify the information by returning the ACDV form to the credit reporting agency [CRA] with any amended or verified data inserted next to the old da
Collection Industry News
JULY 10, 2023
WASHINGTON, June 3 (Reuters) – President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default with just two days to spare. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following tense negotiations.
Troutman Sanders
JULY 10, 2023
On June 28, a magistrate judge in the U.S. District Court for the Southern District of Ohio issued a report recommending that the defendant’s motion to dismiss be denied because the plaintiff had standing under the Telephone Consumer Protection Act (TCPA) even though the calls in question were not intended for the plaintiff. In Stamler v. Guardian Savings Bank , the plaintiff brought a putative class action under the TCPA after she received 13 phone calls and artificial or prerecorded voice mess
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