Account Recovery

MAY 21, 2024

Collector Accused of Mistaking Plaintiff’s Sister for His Wife Judge Grants MTD in FCRA, FDCPA Case Over Post-Divorce Liability Student Loan Debt Relief Company to Close, Pay $400k in CFPB Enforcement Action Illinois Legislature Passes Medical Debt Credit Reporting Bill WORTH NOTING: As summer approaches, here is a list of the best coolers to keep […]

Student loans 147

Student loans Student Loans Loans 147

Consumer Finance

MAY 21, 2024

The Consumer Financial Protection Bureau (CFPB) today issued an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

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Lender Loans Financial services 141

Account Recovery

MAY 21, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Western Benefits Group, a nonbank telemarketer based in Pleasanton, Calif., for charging illegal advance fees for student loan debt relief services and misrepresenting their affiliations and services.

Student loans 147

Student loans Student Loans Loans 147

Roths Child Law

MAY 21, 2024

Bankruptcy and medical debt go hand-in-hand. One of the top reasons that people file for bankruptcy is because their medical bills have become overwhelming. They’re unable to pay what they owe, so they’re looking for a fresh start. One reason why this happens is because people will get out-of-network services. They may not know that this is what they’re doing at the time, but a later analysis of the medical services rendered will show that they were out of the network approved by the health insu

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Bankruptcy 52

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Collection Agencies

Account Recovery

MAY 21, 2024

EDITOR’S 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?

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Account Recovery

MAY 21, 2024

A District Court judge in Florida has granted a motion to dismiss filed by defendants in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case, ruling that the plaintiff is liable for her debts even though her divorce decree states that her now ex-husband would be responsible for them.

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Fair Debt Collection Collections 130

Consumer Finance

MAY 21, 2024

CFPB Director Rohit Chopra delivered prepared remarks on an interpretive rule that confirms that Buy Now, Pay Later lenders are credit card providers.

Lender 57

Lender Financial services 57

Account Recovery

MAY 21, 2024

The Illinois legislature is sending a bill to the desk of Gov. JB Pritzker that would make the state the latest to ban medical debt from appearing on consumers’ credit reports. The Details: SB2933 was introduced in late January by state Sen. Steve Stadelman, a Democrat who has been in the state legislature since 2012.

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Consumer Finance

MAY 21, 2024

La CFPB emitió una interpretación de normativa que confirma que los prestamistas Compre Hoy y Pague Luego son emisores de tarjetas de crédito.

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Financial services 52

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.

Burr Forman

MAY 21, 2024

Last Thursday, the Supreme Court upheld the Congressional funding mechanism used to fund the Consumer Financial Protection Bureau (CFPB), overruling a Fifth Circuit decision that found the funding mechanism violated the Constitution’s Appropriations Clause. Cons. Fin. Prot. Bureau et al. v. Cmty. Fin. Servs. Ass. of Am., Ltd., 601 U. S. _ (2024).

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NACM

MAY 21, 2024

NACM's Professional Certification Program provides all credit professionals—whether early staged or seasoned ones, education to explore the role of credit even deeper. As a credit professional who has been in the industry for eight years, Asia Rashid, CICP, supervisor at Al Ghandi Auto (Dubai, United Arab Emirates), said she was looking t.

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Education 5