Account Recovery

MARCH 21, 2025

Is the choice made by a collection operation to dismiss a collection lawsuit against a consumer a decision in the consumer’s favor? Not necessarily, ruled a District Court judge in Pennsylvania, who granted the operation’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act. The background: The defendant filed a lawsuit against the plaintiff in 2018 over an alleged credit card debt.

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Account Recovery

MARCH 21, 2025

Reputational risk in the financial services industry has become a popular topic in Washington, D.C. in the past couple of weeks, with both a bill and an announcement from a federal regulator aimed at removing that from consideration. Driving the news: The Office of the Comptroller of the Currency (OCC) yesterday announced it will no longer examine banks for reputational risk and has started removing references to the concept from its handbooks and guidance documents.

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Account Recovery

MARCH 21, 2025

EDITORS NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call (855) WEB-RECON or email admin@webrecon.net today!

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Fair Debt Collection Collections 130

Account Recovery

MARCH 21, 2025

Suit Filed Over Calls Made After Consent was Revoked Orally Judge Grants MSJ for Defendant in FDCPA Case Over Dismissal of Collection Lawsuit Uncertainty Looms for Student Loans as Trump Moves to Dismantle Ed. Dept. Reputational Risk Takes Center Stage WORTH NOTING:New research indicates that even babies can make memories, so why don’t we remember them?

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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.

Account Recovery

MARCH 21, 2025

President Trump yesterday signed an executive order aimed at shutting down the Department of Education, a move that is raising major questions about the future of federal student loans. The Department oversees more than $1.6 trillion in student loan debt for approximately 40 million borrowers, and if the agency is dismantled, who will manage the loan programs is still up in the air.

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