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Dealing with credit card debt is challenging, let alone facing a debt lawsuit.If the creditor wins the lawsuit, you may face serious financial repercussions. Lawsuits also harm credit scores, and the stress from the legal process can exacerbate financial challenges. If you find yourself being sued by a debt collector, you may wonder how to get a credit card lawsuit dismissed.
Demand for payment failed, and now you want to go legal with your debt collection claim. Regardless of whether you proceed with mediation, arbitration, or litigation, your collection attorney will need to choose the appropriate legal theories or causes of action to include in your New York debt collection case. The facts of your underlying claim will determine the causes of action you and your attorney decide to pursue.
A vehicle is an important asset, especially for those with challenging commutes. Unfortunately, vehicle costs continue to steadily rise, with average monthly car payments rising to $725 for new vehicles. With increased expenses, its easy to fall behind on car payments. If you are having a hard time keeping up with a car loan, voluntary repossession may be a good option to get the burden of late payments off your hands.
On March 7, the Office of the Comptroller of the Currency (OCC) issued a significant update regarding the involvement of national banks and federal savings associations in cryptocurrency activities. Interpretive Letter 1183 reaffirms the permissibility of various crypto-asset activities and aims to streamline the regulatory process for banks engaging in these activities.
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
Whether you are facing unexpected costs or you simply need extra financial support, personal loans are a viable option that many people rely on. In fact, 24 million U.S. adults have an unsecured personal loan as of the third quarter of 2024. So, you’re not alone in wondering how to apply for a personal loan. Understanding the process is crucial before diving in.
Missing a VAT deadline leads to penalties from HMRC, creating financial strain for businesses. Failure to submit returns on time results in VAT penalty points, which escalate into fines if businesses do not act quickly. Many companies struggle with this system due to financial difficulties. HMRC uses the penalty points system to encourage timely compliance while offering some flexibility for occasional late submissions.
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Missing a VAT deadline leads to penalties from HMRC, creating financial strain for businesses. Failure to submit returns on time results in VAT penalty points, which escalate into fines if businesses do not act quickly. Many companies struggle with this system due to financial difficulties. HMRC uses the penalty points system to encourage timely compliance while offering some flexibility for occasional late submissions.
On February 27, the Federal Trade Commission (FTC) successfully obtained a temporary restraining order against Blackrock Services, Inc. and its associated entities and individuals. The court order aims to halt the defendants’ alleged deceptive and abusive debt collection practices. The FTC’s complaint , filed on February 24, 2025, alleges that Blackrock Services, Inc., along with Liberty Credit Management, Inc., Civil Complaint Administration, Pacific Billing Solutions, Cornerstone L
On March 11, the United States Department of Educationannounced it was cutting nearly half its workforce, including staff from its Vendor and Program Oversight Group, which is responsible for overseeing federal student loan servicers.12This could be bad news for student loan borrowers. In addition to having less support should you have questions about your debt, you may also have fewer options for recourse if a servicer mishandles your loan.
In this special joint edition of the Crypto Exchange and the Consumer Finance Podcast , host Ethan Ostroff is joined by colleagues James Kim and Chris Willis to discuss the anticipated regulatory approaches to digital assets by the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), and state agencies following the recent change in administration in Washington.
What if we told you you could hire a collection agency and improve your cash flow without breaking your budget? We’re confident most businesses would like to take advantage of that. There is still a myth that the only way to employ a debt collection agency for your business is to pay large fees to achieve your goals. However, that is not the case; low-cost debt collection solutions are available to any size business.
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.
Americans are bracing for continued economic headwinds in 2025, with half expecting inflation to rise further and a majority believing their incomes cant keep pace. Thats from Northwestern Mutuals newly released 2025 Planning & Progress Study. For the credit and collection industry, its a clear signal that consumer finances remain tight and that new and existing debt could rise, especially as individuals juggle higher prices and lingering economic concerns.
Islamic Supply Chain Finance (ISCF) has traditionally been associated with Muslim-majority economies, but its principles of fairness, transparency, and risk-sharing are gaining traction in non-Muslim markets as well. As global trade increasingly shifts towards ethical finance, sustainability, and financial resilience, ISCF presents a compelling alternative financing model that aligns with these trends while enhancing long-term stability for businesses.
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
Retaliation claims are among the most common issues employers face, often arising from misunderstandings, mismanagement, or inadequate policies. In fact, retaliation consistently tops the list of charges filed with the Equal Employment Opportunity Commission (EEOC). Preventing these claims requires more than just compliance with the lawit demands a proactive approach to systems and transparency within your organization.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
The Court of Appeals for the Fourth Circuit has upheld a lower court’s ruling in favor of plaintiffs who sued a lender over the terms of the arbitration clause in a contract because the language was “so one-sided as to deprive the purported contract of any meaningful idea of reciprocity that a contractual bargain is meant to embody.” The background: The case originated from two plaintiffs who signed up for credit cards from the defendant.
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week. Federal Activities State Activities Federal Activities: On March 7, the Consumer Financial Protection Bureau (CFPB) announced an extension of the comment period for its Advance Notice of Proposed Rulemaking (ANPR) concerning the Fair Credit Reporting Act (Regulation V) related to identity theft and coerced
CFPB Roundup Court of Appeals Upholds Ruling Against Lenders Arbitration Clause Inflation Reigns as Top Financial Worry While Medical Debt Overtakes Student Debt 23 Companies Seeking Collection Talent WORTH NOTING:The simple question you need to ask yourself if you want to be happy … Can aspirin help fight cancer? … The Department of Education is laying off half of its staff … The three happiest cities in the United States might not be where you think they are … A handful
More behind the scenes testimony yesterday during a court hearing over a request for an injunction that would stop plans to eliminate staff at the Consumer Financial Protection Bureau, including revelations that the Trump administration is considering another push to eliminate the regulator. As well, ACA International has pointed out that the Bureau has extended the comment periods for a pair of proposed rules.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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