Consumer Finance

SEPTEMBER 10, 2023

The CFPB took action against Tempoe, LLC for tricking consumers into expensive leasing agreements by concealing the contract terms and costs, and failing to provide legally required disclosures.

Financial services 141

Financial services 141

FFGN COLLECT NY

SEPTEMBER 10, 2023

Should New York State Governor Kathy Hochul sign Bill S7476 , businesses may have more options when it comes to suing an out-of-state customer for non-payment in New York. The bill would essentially make it so that every company registered to do business in New York agrees that the New York courts have “jurisdiction” over them. It has always been possible to sue your out-of-state customer in New York if your business is an official entity with the state.

Judgment 52

Judgment Collections 52

Consumer Finance

SEPTEMBER 10, 2023

Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.

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Foreclosure 85

Collection Industry News

SEPTEMBER 10, 2023

Oct 6 (Reuters) – Twenty-three Democratic U.S. senators on Friday urged congressional appropriators to increase spending on federal public defenders beyond what is proposed in pending spending legislation or risk significant job cuts. In a letter to the leaders of the U.S. Senate Appropriations Committee, the 23 senators said more money was needed for fiscal year 2024 than contemplated in pending spending bills to “maintain the right to counsel in federal court.” Those bills ha

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Government Collections 40

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.