Mon.Apr 17, 2023

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CFPB Denies Petition to Set Aside CID From Payday Lender

Account Recovery

The Consumer Financial Protection Bureau has denied a petition from a regional payday lending company that sought to set aside a Civil Investigative Demand, ruling that its request was not overly broad and does not impose an undue burden, while also claiming the company failed to “meaningfully engage” in the meet-and-confer process because it was … The post CFPB Denies Petition to Set Aside CID From Payday Lender first appeared on AccountsRecovery.net.

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CFPB Continues to Press for Expanded Definition of Credit Transaction Under ECOA by Interjecting its Position in Pending Private Litigation

Troutman Sanders

On April 14, the Consumer Financial Protection Bureau (CFPB) submitted a statement of interest to the U.S. District Court for the Southern District of Florida arguing that the Equal Credit Opportunity Act’s (ECOA) prohibition on discrimination covers every aspect of an applicant’s dealings with a creditor, not just the specific terms of a loan (like the interest rate or fees).

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Judge Remands FDCPA Case Back to State Court

Account Recovery

A Magistrate Court judge in New York has ruled that a defendant in a Fair Debt Collection Practices Act case failed to show that the plaintiff suffered a concrete injury after removing the case to federal court, and has remanded the case back to state court where it was originally filed. A copy of the … The post Judge Remands FDCPA Case Back to State Court first appeared on AccountsRecovery.net.

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37 Easy Ways to Start Making Money at Home

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. During the COVID-19 pandemic, we saw unemployment rates reach highs that we haven’t seen since the 1930s. By October 2021, unemployment reached a high of 4.9%, causing many to look for creative ways to earn an income.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

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.

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Plaintiffs in Seven Class Actions Against Breached Agency Seek to Consolidate Cases

Account Recovery

Consumers in seven different class actions filed against a collection agency that suffered a data breach have filed a motion to consolidate their lawsuits into one, which would put eight different law firms in charge of representing the plaintiffs. A copy of the motion to consolidate the cases can be accessed by clicking here. A … The post Plaintiffs in Seven Class Actions Against Breached Agency Seek to Consolidate Cases first appeared on AccountsRecovery.net.

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Group Petitions CFPB for FCRA Rulemaking on Medical Debt

Account Recovery

A petition has been filed by a health advocacy organization asking the Consumer Financial Protection Bureau to begin a rulemaking under the Fair Credit Reporting Act that would prohibit the reporting of medical debt on credit reports if the debt was incurred for medically necessary services. Medical debt, accounting for over $88 billion, is the … The post Group Petitions CFPB for FCRA Rulemaking on Medical Debt first appeared on AccountsRecovery.net.

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Hyper-Personalization Survey Highlights Boardrooms' Blind Spots

Fico Collections

Home Blog FICO Hyper-Personalization Survey Highlights Boardrooms' Blind Spots New study from Forrester shows the value of hyper-personalization and the gaps businesses face today FICO Admin Tue, 07/02/2019 - 02:45 by FICO expand_less Back To Top Mon, 04/17/2023 - 10:10 Hyper-personalization is now front-of-mind among banking’s boardrooms. It’s also a minimum mandatory expectation among bank customers.

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Compliance Digest – April 17

Account Recovery

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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What Americans can learn from Denmark on handling debt ceiling crisis

Collection Industry News

The high-wire drama of raising the US debt ceiling is making headlines again. Is there a better way? Perhaps Denmark has the answer. The US Congress is once more arguing about the country’s debt ceiling – the limit on how much the government can borrow. If the two major parties don’t agree on lifting the cap in the next few weeks, the US could for the first time in history default on its debt.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Daily Digest – April 17. Judge Remands FDCPA Case Back to State Court; CFPB Denies Petition to Set Aside CID From Payday Lender

Account Recovery

JUDGE REMANDS FDCPA CASE BACK TO STATE COURT A Magistrate Court judge in New York has ruled that a defendant in a Fair Debt Collection Practices Act case failed to show that the plaintiff suffered a concrete injury after removing the case to federal court, and has remanded the case back to state court where … The post Daily Digest – April 17. Judge Remands FDCPA Case Back to State Court; CFPB Denies Petition to Set Aside CID From Payday Lender first appeared on AccountsRecovery.net.

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