Account Recovery
JANUARY 23, 2024
Reporting errant payment obligations to a credit reporting agency may be enough for a plaintiff to have standing to sue under the Fair Credit Reporting Act, a federal judge has ruled — joining a growing number of courts to make such a determination — but it still isn’t enough for the plaintiff to state a […]
Consumer Finance
JANUARY 23, 2024
The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Account Recovery
JANUARY 23, 2024
Synchrony Financial yesterday announced it had acquired the point-of-sale business from Ally Financial, specifically targeting the home improvement sector. The acquisition adds $2.2 billion of receivables to Synchrony’s portfolio and improves its position and exposure in the FinTech space.
UK debt collections
JANUARY 23, 2024
There has been a near 25% increase in the number of businesses in ‘critical’ financial distress, with firms in London and the south east topping the regional rankings, according to the latest Begbies Traynor ‘Red Flag Alert’ Nearly 40,000 companies, or 37,722 across the UK, are revealed to be in a ‘critical’ state in the third quarter this year – up 25% since the second quarter.
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
JANUARY 23, 2024
Collector Facing FDCPA Suit For Leaving ‘Dog Whistle’ Messages with Family Members Judge Rules Plaintiff has Standing in FCRA Case Over Disputed Debt, but Still Dismisses Case 17M Consumers Compromised in Ransomware Attack at Mortgage Lender Synchrony Buys POS Business from Ally Financial PRA Group Names Keith Warren as New Head of Risk and Compliance […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 23, 2024
Getting to Know Brandon Huisman of State Collection Service Judge Dismisses FDCPA, FCRA Suit Over Reporting Debt Without Plaintiff’s Permission CFPB Proposes Rule to Slash Overdraft Fees Supreme Court Denies Petition to Hear TCPA ATDS Case WORTH NOTING: All the things you don’t need to dry clean, even the label says you need to … […]
Credit Corp
JANUARY 23, 2024
Although you’re allowed to sell your own home, doing so is a lot of work. Before you move forward, take time to consider the pros and cons of handling things on your own. If you’re thinking about putting your house on the market, you may be wondering whether you can sell your own home. Yes, you can, but don’t put up a For Sale sign just yet. Although you’re allowed to sell your own home, doing so is a lot of work.
Account Recovery
JANUARY 23, 2024
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?
Consumer Finance
JANUARY 23, 2024
CFPB propone bloquearles a las instituciones financieras una potencial fuente de ingresos por nuevas tarifas inesperadas; las penalidades por transacciones declinadas instatáneamente.
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.
Account Recovery
JANUARY 23, 2024
More than 16 million consumers had their sensitive personal information stolen in a ransomware attack earlier this month that has crippled one of the nation’s largest lending operations and still has some of their online services inaccessible. The Who: LoanDepot confirmed the data breach in a filing with federal regulators yesterday.
FFGN COLLECT NY
JANUARY 23, 2024
“It’s on our invoice!” Wondering if the printed language appearing on your invoice is enforceable if you go forward with a NY Debt Collection claim? More and more creditors are including language on invoices anticipating non-payment by customers. But what happens when the customer defaults? Does the fact that the words appear on your invoice mean anything?
Account Recovery
JANUARY 23, 2024
NORFOLK, Va., Jan. 22, 2024 – PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO), effective Jan. 29.
FFGN COLLECT NY
JANUARY 23, 2024
“It’s on our invoice”! Wondering about the printed language appearing on your invoice and its impact on your NY Debt Collection claim. More and more creditors are including language on invoices in anticipation of possible non-payment by customers. But what happens when the customer defaults? Does the fact that the words appear on your invoice mean anything?
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
JANUARY 23, 2024
Please join Troutman Pepper Partner Dave Gettings and colleagues Tim St. George and Cindy Hanson for a highly informative discussion on federal preemption as it relates to state laws and the Fair Credit Reporting Act (FCRA). This episode provides listeners with an overview of important state and local legislation governing background screening, along with discussions about how federal preemption might affect required compliance with these state and local laws.
ABI
JANUARY 23, 2024
Jenna Marshiano St. John’s University School of Law American Bankruptcy Institute Law Review Staff In In re Kramer , the U.S. Court of Appeals for the Sixth Circuit reversed district court holdings of constitutional and equitable mootness in personal and business bankruptcy cases of debtors Keith Bradley Kramer (“Kramer”) and his real estate business on appeal by judgment creditor Said A.
NACM
JANUARY 23, 2024
The relentless pursuit of education never stops for some professionals, no matter where they may be in their career's tenure—especially for those who change or take on additional roles. NACM's Professional Certification Program gives credit professionals that exact opportunity. With six levels of education that start with the basics of credit all t.
ABI
JANUARY 23, 2024
Shannon McGarr St. John’s University School of Law American Bankruptcy Institute Law Review Staff Section 365(a) of title 11 of the United States Code (the "Bankruptcy Code") allows a bankruptcy trustee to assume and assign an executory contract of the debtor. [1] In In re Svenhard’s Swedish Bakery , the United States Bankruptcy Appellate Panel for the Ninth Circuit affirmed a holding that a prepetition settlement agreement between a debtor and an unsecured creditor was not an execut
Advertisement
Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.
Troutman Sanders
JANUARY 23, 2024
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 January 19, the Federal Deposit Insurance Corporation (FDIC) issued cease-and-desist letters to five entities for making false and misleading statements about FDIC deposit insurance.
ABI
JANUARY 23, 2024
Tayler Eynon St. John’s University School of Law American Bankruptcy Institute Law Review Staff The Bankruptcy Court for the Southern District of New York was presented with two issues related to a subpoena target’s refusal to comply in In re Three Arrows Capital, Ltd. First , whether the Foreign Representative’s service of a subpoena by alternative means of service, specifically email and social media, was reasonably calculated to provide notice. [1] Second , whether the issue of personal jur
ABI
JANUARY 23, 2024
Panayiotis Xenakis St. John’s University School of Law American Bankruptcy Institute Law Review Staff Section 6015(f) of the Internal Revenue Code allows the Secretary of the Treasury to relieve an “innocent spouse” of liability for any unpaid tax or deficiency if it is inequitable to hold him or her liable for the malfeasance of his or her significant other. [1] Section 505(a) of title 11 of the United States Code (the “Bankruptcy Code”) allows bankruptcy courts to determine the “legalit
Expert insights. Personalized for you.
147 
Let's personalize your content