Account Recovery

APRIL 17, 2023

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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Lender 130

Troutman Sanders

APRIL 17, 2023

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).

Student loans 94

Student loans Student Loans Repossession Loans 94

Account Recovery

APRIL 17, 2023

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.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Direct Recovery

APRIL 17, 2023

If you’re drowning in debt, you might feel like you are all alone with no way out. However, the exact opposite is actually true. California has one of the highest bankruptcy rates in the country, but the majority of consumers here still need to learn more about the process involved to make informed decisions on whether it might be a good option for them.

Bankruptcy 52

Bankruptcy Student loans Student Loans Lawyers 52

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

APRIL 17, 2023

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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Law Firms Collection Agencies Collections Agency Collections 130

Account Recovery

APRIL 17, 2023

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.

Healthcare 130

Healthcare 130

Fico Collections

APRIL 17, 2023

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.

Banks 52

Banks Financial services Government 52

Account Recovery

APRIL 17, 2023

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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Collection Industry News

APRIL 17, 2023

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.

Government 40

Government Banks Loans Collections 40

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Collections

Account Recovery

APRIL 17, 2023

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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Lender Fair Debt Collection Collections 130