Mon.Aug 12, 2024

article thumbnail

CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail

Consumer Finance

The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.

article thumbnail

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter

Account Recovery

In a case that was defended by Jeff Turner and David Shaver at Surdyk Dowd & Turner, a District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act because it did not specify whether interest was accruing on the debts or whether the statute of limitations had expired.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Consumer advisory: Help is available for people facing housing problems because of a contract for deed

Consumer Finance

People living in a home paid for through a contract for deed can seek help to stay in their home instead of losing it when trouble strikes.

102
102
article thumbnail

Compliance Digest – August 12

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.

Judgment 130
article thumbnail

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.

article thumbnail

Prepared Remarks of CFPB Director Rohit Chopra at the CFPB’s Field Hearing in St. Paul, Minnesota

Consumer Finance

Director Rohit Chopra discussed contracts for deed and the CFPB’s housing efforts at a field hearing in St. Paul, Minnesota.

More Trending

article thumbnail

Daily Digest – August 12. Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter; Appeals Court Blocks Student Loan Repayment Program

Account Recovery

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in circles … Scientists have come up with the ideal amount of screen time for kids … The seven states that are going to decide the presidenti

article thumbnail

Compliance Digest – August 12

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.

130
130
article thumbnail

Debt Collectors Banned Over Fraudulent Medical Billing Scheme

Account Recovery

Three Oklahoma men and their companies have been permanently barred from debt collection activities after running a fraudulent scheme targeting servicemembers, veterans, and seniors.

article thumbnail

Daily Digest – August 12. Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter; Appeals Court Blocks Student Loan Repayment Program

Account Recovery

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in circles […]

article thumbnail

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.

article thumbnail

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter

Account Recovery

In a case that was defended by Jeff Turner and David Shaver at Surdyk Dowd & Turner, a District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act because it did not specify whether interest was accruing on the debts […]

article thumbnail

Appeals Court Blocks Student Loan Repayment Program

Account Recovery

The Court of Appeals for the Eighth Circuit on Friday issued a preliminary injunction against President Biden’s SAVE income-driven repayment plan, which was designed to reduce monthly payments and expedite debt relief for approximately eight million student loan borrowers. This legal decision follows a temporary stay placed on the plan in July, initiated by a lawsuit from Missouri’s Attorney General.

article thumbnail

Appeals Court Blocks Student Loan Repayment Program

Account Recovery

The Court of Appeals for the Eighth Circuit on Friday issued a preliminary injunction against President Biden’s SAVE income-driven repayment plan, which was designed to reduce monthly payments and expedite debt relief for approximately eight million student loan borrowers.