Tue.Apr 04, 2023

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Collector Facing Class-Action for Using Multiple Addresses, Confusing Least-Sophisticated Consumer

Account Recovery

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? Call … The post Collector Facing Class-Action for Using Multiple Addresses, Confusing Least-Sophisticated Consumer first appeared on AccountsRe

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CFPB Sues James Carnes and Melissa Carnes for Hiding Money to Avoid Paying for Illegal Payday Lending Business

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) took action against James R. Carnes and Melissa C. Carnes, both individually and as co-trustees of the James R. Carnes Revocable Trust and the Melissa C. Carnes Revocable Trust for hiding money through a series of fraudulent transfers in order to avoid paying more than $40 million in restitution and penalties for illegal payday lending activities.

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Court Grants MTD in FDCPA Class-Action Over Unredacted Exhibit

Account Recovery

A District Court judge in Kansas has granted a defendant’s motion to dismiss in a Fair Debt Collection Practices Act class action, ruling that the plaintiff lacked standing to sue after accusing a law firm of failing to redact the plaintiff’s personal information from an exhibit filed in an underlying collection lawsuit. A copy of … The post Court Grants MTD in FDCPA Class-Action Over Unredacted Exhibit first appeared on AccountsRecovery.net.

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Billing Processes: Which Option is Best for Your Business?

PDC Flow

An organization’s billing process can depend on the goods and services offered and the audiences served. Your company should follow best practices based on industry but there will always be room to customize and improve workflows. Reviewing the billing tactics and tools your business uses will: Save money through more efficient processes Save staff time following up on unpaid invoices Increase customer satisfaction Here are some billing process examples, the workflows they’re best for, and gener

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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CFPB Issues Statement Defining ‘Abusive’ Conduct

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a broad policy statement that bans abusive conduct in consumer financial markets — including debt collection — setting guardrails on a term that has confounded the financial services industry for more than a decade in terms that were described as being “tilted heavily” in favor of consumers.

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Calif. Appeals Court Affirms Ruling for Defendant in FDCPA Case

Account Recovery

A California appeals court has upheld a lower court’s ruling striking a complaint in a Fair Debt Collection Practices Act case under the state’s anti-SLAPP statute. A copy of the ruling in the case of Davis v. Mandarich Law Group can be accessed by clicking here. SLAPP stands for Strategic Lawsuit Against Public Participation and … The post Calif.

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Coast to Coast: the State of Privacy and Compliance in 2023

True Accord

Disclaimer: The information provided in this blog post does not, and is not intended to, constitute legal advice. Protecting consumer privacy is not an unfamiliar concept in our industry and it’s something that should already be woven into our policies, procedures, and practices. With the rapid increase of state privacy laws across the United States, any company that collects, uses, transmits, or receives consumer data has to stay up-to-date on all related compliance issues.

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Daily Digest – April 4. Collector Facing Class-Action for Facing Multiple Addresses; Court Grants MTD in FDCPA Class-Action

Account Recovery

COLLECTOR FACING CLASS-ACTION FOR USING MULTIPLE ADDRESSES, CONFUSING LEAST SOPHISTICATED CONSUMER A class-action lawsuit has been filed against a collection operation for allegedly violating the Fair Debt Collection Practices Act because the letter the plaintiff received had multiple addresses on it and he didn’t know to which one he had to use to send his … The post Daily Digest – April 4.

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When is filing for Chapter 7 bankruptcy a good idea?

Roths Child Law

Most people are unaware of the fact that the U.S. Bankruptcy Code reserves certain opportunities for those who are least likely to be able to repay their debts any time soon. Unlike Chapter 13 bankruptcy, which is available to most Americans, Chapter 7 bankruptcy is only available to low-income filers. This opportunity is restricted to low-income filers because it doesn’t require debtors to repay their creditors before they can secure a discharge.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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Tips for International Businesses Looking For Debt Recovery in the UK    

Taurus Collect

Do you have an international business or enterprise and have been struggling to find success in your debt recovery efforts in the UK? Having trouble maximising profit due to difficulties receiving payments from domestic businesses? There is no need for concern, as with proper planning and use of workflow systems, any enterprise can establish a strong foothold when seeking payment on debts owed.

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NACM’s Certification Program Provides Opportunities: Member Spotlight

NACM

Many professionals seek opportunities to grow and learn through educational programs. NACM's Professional Certification Program is designed to amplify those opportunities for credit professionals."With my personality, I'm always looking for ways to better myself and better my professional career," said Graham Brockway, CBF, credit manager at Fergus.

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Reasons Why Business Loans Are Financially Beneficial

Taurus Collect

For businesses that need a little extra financial support to make their operations more efficient or expand, taking out a loan can provide the necessary capital and access to new opportunities. Small business loans are becoming increasingly popular as they allow start-ups and small businesses to grow quickly without having to wait for organic growth.

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