Account Recovery

DECEMBER 23, 2022

The Consumer Financial Protection Bureau has fined an international remittance company $700,000 for not refunding consumers after it made transfer errors, in a failure to comply with the Electronic Funds Transfer Act. A copy of the enforcement action against Servicio UniTeller can be accessed by clicking here. Between 2013 and 2021, the company allegedly did … The post CFPB Fines Remittance Company $700k For Failing to Provide Refunds first appeared on AccountsRecovery.net.

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American Profit Recovery

DECEMBER 23, 2022

Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? We got you covered here! There are untold amounts of myths regarding collection agencies and how they operate. And even more myths about how they interact and work with consumers. So we thought we would share a little bit of inside baseball when it comes to debt collections and debunk many of the myths that people share.

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Account Recovery

DECEMBER 23, 2022

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 Complaint Accuses Collectors of Simultaneously Trying to Collect on Debt, Contradicting One Another first appeared on AccountsR

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Nerd Wallet

DECEMBER 23, 2022

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article A Guide to Google Flights originally appeared on NerdWallet.

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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

DECEMBER 23, 2022

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action related to the statute of limitations disclosure in a collection letter, affirming that the disclosure made by the defendant is one that has already been ruled on by other judges in and out of … The post Judge Grants MTD in FDCPA Class Action Over SOL Disclosure in Letter first appeared on AccountsRecovery.net.

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Account Recovery

DECEMBER 23, 2022

A state court judge in Arizona has denied a challenge from the accounts receivable management industry that sought to keep the Arizona Protection from Predatory Debt Collection Act — a measure that increases the amount that can be shielded from garnishments to pay medical debts while also lowering judgment interest rates — from going into effect. … The post Industry Vows to Appeal Ruling Denying Challenge to Arizona Garnishment Law first appeared on AccountsRecovery.net.

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Nerd Wallet

DECEMBER 23, 2022

Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. The article Is Meal Kit Delivery Still Worth the Cost? originally appeared on NerdWallet.

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Troutman Sanders

DECEMBER 23, 2022

As discussed here , on May 20, California’s Department of Financial Protection and Innovation (DFPI or Department) announced that it had filed a Notice of Proposed Rulemaking with the Office of Administrative Law. The purpose of the proposed regulations is to make explicit what it means to provide a timely response to consumer complaints. Covered persons are expected to have appropriate procedures to review, investigate, respond to, track, and report consumer complaints and inquiries.

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Optio Solutions

DECEMBER 23, 2022

A successful debt collector can sometimes be the difference between success and failure in business. And hiring the best debt collection specialists can help your business in its goal of getting paid for goods and services provided. It is rarely so simple as a client or customer simply not wanting to pay. There could… The post Making of a successful debt collector appeared first on Optio.

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Collections

NACM

DECEMBER 23, 2022

? On today's episode of the Extra Credit #podcast, we take a look at how Subchapter V bankruptcy filings dilute a creditor's rights.? Hear advice from the experts, Jason Torf and Lynnette Warman!

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Creditors Creditor's Rights Bankruptcy 5

Collection Industry News

DECEMBER 23, 2022

The Supreme Court on Monday agreed to hear arguments in a second case challenging the legality of the Biden administration’s ambitious student loan relief program. The case, originally filed in Texas, will be argued in February before the Supreme Court along with the first case the court accepted. The Biden administration had asked the Supreme Court to hear both cases if it did not agree to reverse injunctions issued by two separate federal appeals courts last month, which blocked the student lo

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