Account Recovery

JULY 27, 2023

CHICAGO — Is the glass half-full or is it half-empty? That is a question that a lot of people are here to answer this week at ACA International’s annual convention.

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FFGN COLLECT NY

JULY 27, 2023

Do businesses have to pay for defective goods they receive? Let’s say your company orders 1,000 vacuum cleaners from a distributor. You receive the vacuum cleaners and perform a general inspection. As far as you can tell, the goods seem in working order. Your company then proceeds to sell the vacuums to other buyers. After 30 days, you begin to receive calls from your buyers that the vacuums purchased no longer seem to be working.

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Account Recovery

JULY 27, 2023

The Senate yesterday approved a bipartisan amendment to the National Defense Authorization Act that aims to protect members of the Armed Services from harassments and threats from debt collectors. A copy of the amendment, which was approved by a vote of 95 to two can be accessed by clicking here.

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UK debt collections

JULY 27, 2023

An improvement in Small Business jobs and sales growth across UK small businesses in June has been largely offset by increasing late payments and a slowdown in wages growth, according to the latest data from global small business platform Xero. Xero’s Small Business Index, based on anonymised and aggregated data from hundreds of thousands of small businesses, rose three points across May and June, recovering slightly after falling by 11 points in April.

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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

JULY 27, 2023

The Consumer Financial Protection Bureau yesterday released the latest version of its Supervisory Highlights, which chronicles issues found during examinations conducted by the Bureau between July 2022 and March 2023.

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Account Recovery

JULY 27, 2023

A California Appeals Court has upheld the vacating of a default judgment against a debt collector, ruling the circumstances under which the company failed to respond to the complaint — the company’s former attorney had effectively abandoned his position — meet the definition of a satisfactory excuse.

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Troutman Sanders

JULY 27, 2023

In this episode of Payments Pros , Josh McBeain welcomes his colleague Andrew Thurmond to discuss residential solar projects as well as the financing and payment options that are available for these types of projects. With renewable energy being a hot topic now, solar providers have multiple payment options to facilitate solar projects, including loans, retail installment contracts, leases, power purchase agreements, and tax credits.

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Account Recovery

JULY 27, 2023

Getting to Know Brandy Rousselle of Capital Recovery CFPB Spotlights Debt Collection, Credit Reporting in Latest Supervisory Highlights Report Calif.

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Troutman Sanders

JULY 27, 2023

On July 26, the Consumer Financial Protection Bureau (CFPB or Bureau) released the summer edition of its Supervisory Highlights report, providing a high-level overview of alleged unfair, deceptive, or abusive acts or practices (UDAAP) identified by the agency during examinations from July 1, 2022 to March 31, 2023. The findings included in the report cover examinations in the areas of auto origination, auto servicing, consumer reporting, debt collection, deposits, fair lending, information techn

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Collections

Consumer Finance

JULY 27, 2023

This weekend, 118 million Americans could be living somewhere with a heat index above 100 degrees.

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Troutman Sanders

JULY 27, 2023

The modern “Information Age” has been defined by rapidly increasing interconnectivity and dependence on the internet by consumers and businesses alike. One side effect of these technological advances has been the increasing frequency of cyberattacks and data breaches perpetrated by sophisticated cyber criminals using ever-evolving methods of infiltration.

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Collection Industry News

JULY 27, 2023

WASHINGTON (Reuters) – U.S. regulators unveiled a sweeping overhaul Thursday that would direct banks to set aside billions more in capital to guard against risk. If fully implemented, the proposal would raise capital requirements for large banks by an aggregate 16% from current levels, with the brunt felt by the largest and most complex firms, regulators said.

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Jimerson Firm

JULY 27, 2023

Featured in the July 2023 Issue Partner’s Perspective: Embracing the Summer Landscape Partner Joby Birr says: In my house, summer is all about the kids’ camps, squeezing in some vacation time, getting out to cool outdoor events, and hitting the golf course. The summer season brings a special kind of excitement that fills us with energy and the desire to connect with our loved ones and friends, both the old and the new.

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Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

Banks