Account Recovery

SEPTEMBER 25, 2023

In a case that was defended by Rick Perr and the team at Kaufman Dolowich, a District Court judge in Illinois — on his own motion — has granted summary judgment in favor of a defendant on the remaining two counts in a Fair Debt Collection Practices Act case, ruling that using a local number […]

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Judgment Fair Debt Collection Collections 147

Qualco

SEPTEMBER 25, 2023

Small and medium-sized enterprises (SMEs) are the backbone of the global econom y , driving both financial and social growth. Yet , the y often face cha llenges like limited access to capital, primari ly due to a lack of information with banks and lengthy due diligence processes. The 4 th Industrial Revolution , or Industry 4.0 , is driven by technological advancements like Artificial Intelligence (AI) and Big Data analytics.

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Account Recovery

SEPTEMBER 25, 2023

Judge Grants Summary Judgment for Defense in FDCPA Case Over Local Phone Numbers Judge Dismisses Most Claims in FDCPA, FCRA Suit, Denies MTD on 1692g Claim Battle Over CFPB Proposal to Ban Medical Debt on Credit Reports Already Heating Up Compliance Digest – September 25 Solutions by Text Appoints New Chief Product Officer to Bring […]

Judgment 147

Judgment 147

Troutman Sanders

SEPTEMBER 25, 2023

On September 15, the U.S. District Court for the District of New Jersey denied the defendant’s summary judgment motion holding instead that a bank levy against the plaintiff served as a basis for standing to assert a claim under the Fair Debt Collections Practices Act (FDCPA). In Tomaine v. Selip & Stylianou, LLP , the plaintiff failed to make the required payments due on his credit card account.

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Banks Law Firms Judgment Fair Debt Collection 52

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account Recovery

SEPTEMBER 25, 2023

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Account Recovery

SEPTEMBER 25, 2023

A District Court judge in New York has granted a defendant’s motion to dismiss on most of the claims that it violated the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, and the Truth-in-Lending Act, but denied it on one FDCPA because the defendant purportedly did not properly respond to a verification request […]

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Fair Debt Collection Collections Financial services 130

Collection Industry News

SEPTEMBER 25, 2023

Last week, a group of consumer advocate organizations filed a Petition for Rulemaking with the CFPB that would prohibit the use of pre-dispute arbitration clauses in consumer contracts in favor of arbitration clauses that would permit consumers to choose between arbitration and litigation only after a dispute has arisen. We published a blog last Friday in which we enumerated the many flaws in the Petition and urged the CFPB to reject it.

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Collections 40

Account Recovery

SEPTEMBER 25, 2023

If the initial salvos are any indication, the battle over the proposal from the Consumer Financial Protection Bureau to ban medical debts from consumers’ credit reports is going to contentious.

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Troutman Sanders

SEPTEMBER 25, 2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Finance Services industry over the past week: Federal Activities State Activities Federal Activities: On September 21, the Consumer Financial Protection Bureau (CFPB) outlined a plan for rulemaking under the Fair Credit Reporting Act (FCRA) that could significantly impact the entire consumer data ecosystem.

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Financial services Loans Banks Debt collector 52

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.