Thu.Jan 18, 2024

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Supreme Court Denies Petition to Hear TCPA ATDS Case

Account Recovery

The Supreme Court has rejected a petition to hear arguments in a Telephone Consumer Protection Act case that sought to challenge the definition of an automated telephone dialing system because it did not generate telephone numbers using a random or sequential number generator.

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CFPB and Seven State Attorneys General Sue Debt-Relief Enterprise, Strategic Financial Solutions, for Illegally Swindling More Than $100 Million from Financially Struggling Families

Consumer Finance

The CFPB and state attorneys general sued Strategic Financial Solutions and its web of shell companies for running an illegal debt-relief enterprise.

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Judge Dismisses FDCPA, FCRA Suit Over Reporting Debt Without Plaintiff’s Permission

Account Recovery

A District Court judge in Pennsylvania has dismissed a Fair Debt Collection Practices Act and Fair Credit Reporting Act case against a collector that was accused of violating both statutes by reporting information to the credit reporting agencies, without the plaintiff’s permission.

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Mitigating the Risk of a Data Breach – How Healthcare Providers Address Sophisticated Hacker Collectives

Jimerson Firm

By Brandon C. Meadows and Zachary A. Pestcoe Modern healthcare providers who utilize cutting-edge technology to obtain, store, analyze, and access patient data can operate with unprecedented efficiency to obtain a competitive edge in the healthcare marketplace. These benefits do not come without a cost – the cost of protecting your business and data from cybercriminals.

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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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CFPB Proposes Rule to Slash Overdraft Fees

Account Recovery

The Consumer Financial Protection Bureau has proposed a rule that reduce the overdraft charges that banks can asses to between $3 and $14, a move that is projected to save consumers as much as $3.5 billion a year.

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Getting to Know Brandon Huisman of State Collection Service

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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Chapter 13 and Car Loans

Sawin & Shea

Financial challenges can be overwhelming, and seeking relief through Chapter 13 bankruptcy is a viable option for many. As you think about filing bankruptcy, it’s crucial to understand the interaction between Chapter 13 and car loans. Bankruptcy can impact various aspects of your financial life, including existing car loans. What is Chapter 13 Bankruptcy?

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New Year Same Focus on Fees: CFPB Proposes to Amend Regulation Z to Raise New Barriers to Overdraft Charges

Troutman Sanders

On January 17, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a proposed rule with request for public comment to amend exemptions to Regulation Z so the Truth in Lending Act (TILA)/Regulation Z would apply to certain overdraft “credit” provided by insured financial institutions with more than $10 billion in assets, in furtherance of the Bureau’s crusade on “junk fees.

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Calling all NACM Members

NACM

?Tell us about the most helpful benefits of being an NACM Member in our latest eNews poll by clicking the link below ⬇[link]

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Garnishment Practices: Has the Dust Settled or Is It Still Flying?

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis, along with colleagues Lori Sommerfield and Mary Zinsner, as they discuss the impact of a consent order issued by the Consumer Financial Protection Bureau (CFPB) in May 2022 relating to cross-border garnishment practices and the implications on the financial services industry over the last year and a half.

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Redefining Banking: A Conversation on the CFPB’s Proposed 1033 Rule

Troutman Sanders

In this episode of Payments Pros, Keith Barnett and Carlin McCrory are joined by Jordan Wright, CEO of Atomic Financial, to discuss the Consumer Financial Protection Bureau’s (CFPB) proposed 1033 rule. This rule aims to limit the misuse or sale of consumer data, and is expected to be finalized by summer 2024. Transcript: Redefining Banking: A Conversation on the CFPB’s Proposed 1033 Rule (PDF) Jordan highlights the importance of data portability in banking, comparing it the telecommunications in

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