Account Recovery
OCTOBER 13, 2023
The Minnesota State Bar has released a report calling for an overhaul of the legal collections process in the Land of 10,000 Lakes. Consumers are too often confused about how to pay back debts and collection lawsuits disproportinately affect consumers with low-incomes and minorities. A copy of the report can be accessed by clicking here.
FFGN COLLECT NY
OCTOBER 13, 2023
New York’s real estate industry is highly competitive. It is inevitable to face various disputes and conflicts, whether in contract disagreement or property boundary disputes. When this happens to you, ensure you know how to handle these conflicts to keep your investments flowing. Keep reading to discover how arbitration and mediation can help you in this scenario and how to use them to your advantage.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Account Recovery
OCTOBER 13, 2023
Collector Facing FDCPA Class Action Over Undated MVN 3rd Circuit Issues Precedential Ruling on Standing; Vacates Certification of Class in FDCPA Suit TransUnion to Pay $23M to Settle Enforcement Actions with CFPB Report Calls for Overhaul to Minnesota Legal Collections System WORTH NOTING: Details to get you ready for tomorrow’s “Ring of Fire” solar eclipse […]
Troutman Sanders
OCTOBER 13, 2023
Yesterday, the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) (collectively, the agencies) issued a joint statement on the subject of creditors’ use of immigration status for eligibility for credit transactions, an issue that has been kicking around in private litigation for years, but as to which the federal regulators have been silent.
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
OCTOBER 13, 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?
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 13, 2023
In a case that was defended by David Shaver at Surdyk, Dowd & Turner, the Court of Appeals for the Third Circuit yesterday ruled that a plaintiff must allege more than being confused by a collection letter to have standing to sue, but also ruled that the plaintiff in this particular case did have standing […]
Collection Industry News
OCTOBER 13, 2023
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny. The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion. “The United States has hit a new milestone that no one will be pr
Account Recovery
OCTOBER 13, 2023
The Consumer Financial Protection Bureau and the Federal Trade Commission yesterday announced a settlement with TransUnion Rental Screening Solutions, a unit of TransUnion, that will see the company pay $15 million after it was accused violating the Fair Credit Reporting Act by failing to ensure the accuracy of tenant screening reports and withheld from renters […]
NACM
OCTOBER 13, 2023
?️ On today's episode of the Extra Credit podcast. The term "ghosting" is not just for the dating world.? Picture this during Halloween season. you've extended credit to a customer, and everything seems to be going smoothly. Invoices are sent, but suddenly, it's as if your customer has vanished into thin air. They're not responding to c.
Advertisement
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.
Expert insights. Personalized for you.
147 
Let's personalize your content