Tue.Oct 03, 2023

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FTC, CFPB File Amicus Brief in FCRA Case Over Dispute Investigation

Account Recovery

The Federal Trade Commission and the Consumer Financial Protection Bureau have filed an amicus brief in a Fair Credit Reporting Act case before the Court of Appeals for the Second Circuit, asking the court to reverse a decision related to deleting information disputed by a consumer that cannot be verified by the furnisher of the […]

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Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director, at New Jersey Citizen Action Education Fund’s 14th Annual Financial Justice Summit

Consumer Finance

New Jersey has made great progress on a range of crucial consumer protection issues, from last year’s legislation providing important protections against predatory lending by for-profit schools to building momentum on basic debt collection standards to fighting off efforts to allow problematic earned wage access products.

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Daily Digest – October 3. Collector Facing Suit for Backing Out of Settlement Agreement; Appeals Court Overturns Ruling in FCRA Case Over ‘Frivolous’ Investigation

Account Recovery

Collector Facing Suit for Backing Out of Settlement Agreement Appeals Court Overturns Ruling in FCRA Case Over ‘Frivolous’ Investigation Groups Ask CFPB to Extend Deadline to Submit Questions for FCRA SBREFA Panel on Medical Debt FTC, CFPB File Amicus Brief in FCRA Case Over Dispute Investigation WORTH NOTING: When your phone sends you an emergency […]

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Latine Homeownership and the American Dream

Prosperity Now

Homeownership and financial security are key to achieving the American Dream for Latines. According to the Pew Research Center, 33% of Latines said homeownership is an extremely important life goal for them.

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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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Groups Ask CFPB to Extend Deadline to Submit Questions for FCRA SBREFA Panel on Medical Debt

Account Recovery

A number of trade groups from across the financial services industry have submitted a request to the Consumer Financial Protection Bureau to delay the process for convening a meeting under the Small Business Regulatory Enforcement Fairness Act (SBREFA) as it ponders a proposal to remove medical debts from consumers’ credit reports.

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Appeals Court Overturns Ruling in FCRA Case Over ‘Frivolous’ Investigation

Account Recovery

The Court of Appeals for the Third Circuit has overturned a lower court’s summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act and the Fair Debt Collection Practices Act for not properly investigating a dispute, saying there is no exception in the FCRA that allows furnishers […]

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CFPB Extends Deadline for FCRA Rulemaking Feedback by One Week

Troutman Sanders

As discussed here , on September 21 the Consumer Financial Protection Bureau (CFPB) released an outline of its plans for rulemaking under the Fair Credit Reporting Act (FCRA). The outline was supplied for initial comment to a panel of small business representatives convened under the Small Business Regulatory Enforcement Fairness Act (SBREFA). On September 29, ACA International, American Bankers Association, Consumer Data Industry Association, Credit Union National Association, Independent Commu

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Congratulations Jocelyn Nager, NY Debt Collection Attorney!

FFGN COLLECT NY

We want to congratulate Jocelyn Nager, the managing partner of Frank, Frank, Goldstein & Nager P.C., a New York law firm devoted to the collection of bad debt, on recent recognitions. Jocelyn has once again been recognized as AV Rated, top-rated, by Martindale Hubbell with an overall rating of 5.0. Lawyers featured have attained a high degree of peer recognition and professional achievement.

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Member Spotlight: The Key to Career Success

NACM

NACM's Professional Certification Program gives credit professionals a space to create connections while mastering the tools needed for success in the B2B credit world. With six levels of certification, credit professionals can earn credentials along with several benefits such as new career opportunities, leadership recognition and mastery in the p.

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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.