American Profit Recovery
MAY 2, 2023
If you are a consumer struggling with debt, you’ll want to pay attention to one of the best pieces of consumer advice we can provide you. If you have an outstanding debt and you are being contacted by a collection agency, pick up that phone, answer that e-mail or respond to that text message. You’ll start the process of getting out of debt and lower your anxiety at the same time.
Account Recovery
MAY 2, 2023
A trio of individuals have been permanently banned from the debt relief industry and must forfeit assets to help pay off a partially suspended $17 million judgment as part of an enforcement action by the Federal Trade Commission, the agency announced yesterday. A copy of the stipulated order for permanent injunctions and monetary judgments against … The post Debt Relief Scammers Banned From Industry After Bilking Millions from Consumers first appeared on AccountsRecovery.net.
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Troutman Sanders
MAY 2, 2023
Please join Troutman Pepper Partner Chris Willis and his colleagues Lori Sommerfield, Addison Morgan, and Josh McBeain for the first installment of a special three-part series about the Consumer Financial Protection Bureau’s (CFPB) new small business lending data collection and reporting final rule — the Section 1071 rule. Part 1 of this special series provides a general overview of the rule, including: What the rule is designed to do; The definition of a small business for the purpose of this r
Account Recovery
MAY 2, 2023
Birmingham, Alabama – ARM Compliance Business Solutions is excited to announce that Debra Ciskey has joined the company as a Senior Compliance Advisor. In this role, Debra will navigate ARM Compliance Business Solutions’ clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, training development, service provider oversight, audit controls and risk assessme
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.
TCPA
MAY 2, 2023
The Middle District of Florida partially rejected a plaintiff’s motion for entry of final default judgment in Brown v. Care Front Funding, No. 8:22-cv-02408-VMC-JSS, 2023 U.S. Dist. LEXIS 60879 (M.D. Fla. Apr. 6, 2023), report and recommendation adopted, 2023 U.S.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Fico Collections
MAY 2, 2023
Home Blog FICO How to Turn UK’s Consumer Duty Compliance to Your Advantage With the clock ticking to the 31 July FCA deadline, a FICO roundtable looked at the scale of the Consumer Duty challenge FICO Admin Tue, 07/02/2019 - 02:45 by Peter Lemon Lead Consultant expand_less Back To Top Tue, 05/02/2023 - 10:05 When the new Consumer Duty was first proposed it was easy for financial service organisations to slip into an overconfident mindset and believe they have everything in hand.
Account Recovery
MAY 2, 2023
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 Including State Disclosure That Purportedly Conflicts with FDCPA first appeared on AccountsRe
Collection Industry News
MAY 2, 2023
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors, covered by the Fair Debt Collection Practices Act, threatening to foreclose on homes with mortgages past the statute of limitations. The advisory opinion clarifies that a covered debt collector who brings or threatens to bring a state court foreclosure action to collect a time-barred mortgage debt may violate the Fair Debt Collection Practices Act and its implementing regulation.
Account Recovery
MAY 2, 2023
For anyone facing a lawsuit over sending an undated Model Validation Notice — or anyone worried about facing such a suit — a District Court judge in Illinois has granted a defendant’s motion to dismiss a suit accusing it of violating the Fair Debt Collection Practices Act because it sent the plaintiff an undated MVN, … The post Judge Grants MTD in FDCPA Case Over Undated MVN first appeared on AccountsRecovery.net.
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Troutman Sanders
MAY 2, 2023
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On May 1, the Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.
Account Recovery
MAY 2, 2023
A study, published in the Journal of Hospital Medicine has linked individuals who tested positive for COVID-19 with having more debts that were placed with a collection agency and being more likely to have a lower credit score, regardless of whether the individuals were treated at a hospital or not. The study is yet another … The post COVID-19 Linked to Financial Issues for Patients: Study first appeared on AccountsRecovery.net.
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