Account Recovery
APRIL 24, 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.
Consumer Finance
APRIL 24, 2023
Four federal agencies jointly pledged today to uphold America’s commitment to the core principles of fairness, equality, and justice as emerging automated systems, including those sometimes marketed as “artificial intelligence” or “AI,” have become increasingly common in our daily lives.
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Account Recovery
APRIL 24, 2023
A District Court judge in Illinois has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling the language in a collection letter overshadowed the plaintiff’s right to validate or dispute the debt in question, while also noting that the defendant’s attempt to invoke that the language complied with what the … The post Judge Denies MTD in FDCPA Case Over Dispute Language in Letter first appeared on AccountsRecovery.net.
Consumer Finance
APRIL 24, 2023
Director Chopra provided remarks on an interagency press conference to announce the Joint Statement on Enforcement Efforts Against Discrimination and Bias in Automated Systems
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 24, 2023
The Attorney General of Arkansas is attempting to block a utility company from resuming its normal collection and disconnection activities, arguing that there have been too many complaints from consumers and the state’s Public Service Commission has not had a chance to conduct a thorough investigation. A copy of the motion filed by Tim Griffin, … The post Arkansas AG Seeks to Block Utility From Resuming Normal Collection Activities first appeared on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
APRIL 24, 2023
There is little to be excited about when it came to this year’s tax season, and data from the Internal Revenue Service confirms what those in the accounts receivable management industry have been experiencing on a daily basis for the past few months — that if you were counting on a strong tax season to … The post Final Income Tax Numbers Offer Little Solace to ARM Industry first appeared on AccountsRecovery.net.
Prosperity Now
APRIL 24, 2023
This month celebrates Fair Housing Month and the 55th anniversary of the 1968 Fair Housing Act.
Account Recovery
APRIL 24, 2023
JUDGE DENIES MTD IN FDCPA CASE OVER DISPUTE LANGUAGE IN LETTER A District Court judge in Illinois has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling the language in a collection letter overshadowed the plaintiff’s right to validate or dispute the debt in question, while also noting that the … The post Daily Digest – April 24.
Troutman Sanders
APRIL 24, 2023
On April 17, the Superintendent of the New York Department of Financial Services (NYDFS), Adrienne A. Harris, announced that the NYDFS adopted a final regulation establishing how companies with NYDFS-issued BitLicenses will be assessed for costs of their supervision examination. During the public comment period for the proposed regulation, the NYDFS received four comments, but ultimately declined to make any changes to the proposed rule.
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CICM
APRIL 24, 2023
The digital revolution is in full swing! Perhaps we are so engaged and invested on a daily basis that we fail to recognize how powerful the present developments are and how they transform firms and their connections with their business partners. Credit management is involved in all aspects of a commercial relationship, from the initial contact with customer risk management to the final stages of the sales process with dispute management, cash collection, payment, and performance management.
Troutman Sanders
APRIL 24, 2023
Earlier this month, a district court for the Eastern District of Michigan dismissed on its own initiative a Fair Credit Reporting Act (FCRA) claim brought by a consumer alleging inaccurate reporting of her charged-off vehicle loan. The court’s opinion in Shelton v. Americredit Financial Services, Inc. provides a nuts-and-bolts analysis of what does not constitute inaccurate credit reporting for purposes of the FCRA.
Consumer Finance
APRIL 24, 2023
Director Chopra delivered remarks at the April 25, 2023, meeting of the Financial Literacy and Education Commission.
Jimerson Firm
APRIL 24, 2023
On March 24, 2023, Florida Governor Ron DeSantis signed HB 837 into law. HB 837 has been a hot topic in the news and legal community because it is one of the most significant tort reform bills to make its way through the Florida legislature to date. Notably, HB 837 modifies the bad faith insurance framework, cut the longstanding statute of limitations for negligence claims in half (from four years to two years), changed Florida’s pure comparative negligence system to a modified comparative neg
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?
Fico Collections
APRIL 24, 2023
Home Blog FICO Trust Bank Onboards 450K Customers in 5 Months using FICO Platform Singapore’s first cloud-native bank uses FICO Platform for onboarding and wins FICO ® Decisions Award for Customer Onboarding and Management Saxon Shirley Tue, 04/18/2023 - 09:50 by Nikhil Behl Chief Marketing Officer expand_less Back To Top Tue, 04/25/2023 - 01:25 One of the World's Fastest Growing Digital Banks Trust Bank , Singapore’s first cloud-native bank, has become one of the world’s fastest growing digital
Account Recovery
APRIL 24, 2023
Legal experts are predicting that the The Supreme Court will strike down the Biden administration’s plan to cancel $400 billion in student loan debt, according to a published report, which could potentially lead to increased delinquency and default rates. Experts predict the six conservative justices will agree that the Biden administration is exceeding its authority … The post Experts Predict Court to Strike Down Student Loan Repayment Plan, But That Could Cost the ARM Industry firs
Direct Recovery
APRIL 24, 2023
Overwhelming student debt has quickly become one of the most significant problems plaguing the next generation of young people and simultaneously holding back the overall economy. The pandemic pause has given many American struggling with student loan debt a reprieve. Still, with those breaks set to expire in August, things could get difficult once regular student loan payments resume.
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