Tue.Aug 08, 2023

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Collector Sued for Allegedly Not Honoring Settlement Agreement

Account Recovery

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?

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SNAP into Action: Safeguarding SNAP in the Farm Bill

Prosperity Now

Every five years, Congress passes a critical piece of legislation affecting everything from food security to rural energy to agriculture: the Farm Bill. With Congress in recess until mid-August, and so much money (an estimated $1.51 trillion) riding on one piece of legislation, it is worth looking into what the Farm Bill is and why it matters to all of us.

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Judge Grants MTD in FDCPA Class Action Over Undated MVN

Account Recovery

A District Court judge in New York has granted a defendant’s motion to dismiss a class-action lawsuit after it was sued for violating the Fair Debt Collection Practices Act because it sent an undated Model Validation Notice to the plaintiff, but on the grounds the plaintiff lacked standing to sue because he did not suffer […]

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Trade Associations for Community Banks and Texas First Bank Move to Intervene in Case Challenging CFPB’s Enforcement of its Section 1071 Rule

Troutman Sanders

As discussed here , on April 26, the Texas Bankers Association (TBA), the American Bankers Association (ABA), and Rio Bank, McAllen, Texas (Rio Bank) filed a complaint in the U.S. District Court for the Southern District of Texas challenging the Consumer Financial Protection Bureau’s (CFPB or Bureau) final rule under § 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule).

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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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Judge Stays CFPB, NY AG Lawsuit Against Auto Lender Pending Outcome of Supreme Court Case

Account Recovery

A District Court judge presiding over a lawsuit filed by the Consumer Financial Protection Bureau and the Attorney General of New York yesterday granted a motion from the defendant to stay the case pending the outcome of a case before the Supreme Court that will determine the constitutionality of the CFPB’s funding structure.

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Daily Digest – August 8. Collector Sued for Allegedly Not Honoring Settlement Agreement; Judge Grants MTD in FDCPA Class Action Over Undated MVN

Account Recovery

Collector Sued for Allegedly Not Honoring Settlement Agreement Judge Grants MTD in FDCPA Class Action Over Undated MVN PRA Group Falls to Net Loss in 2Q as Company Looks to Reduce Expenses Judge Stays CFPB, NY AG Lawsuit Against Auto Lender Pending Outcome of Supreme Court Case WORTH NOTHING: Arizona is getting a new national […]

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Member Spotlight: New Faces in Networking

NACM

NACM's annual Credit Congress brings hundreds of credit professionals together where they can learn new skills, refresh existing skills and stay informed on the most recent changes within the credit industry. Attendees also get the opportunity to network, hear from trade credit experts and learn information across a wide variety of topics.This past.

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PRA Group Falls to Net Loss in 2Q as Company Looks to Reduce Expenses

Account Recovery

PRA Group yesterday announced a net loss of $3.8 million for the second quarter of 2023, compared with profits of $36.

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