Account Recovery
FEBRUARY 16, 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?
Troutman Sanders
FEBRUARY 16, 2024
Yesterday, the Federal Trade Commission (FTC) issued a Supplemental Notice of Proposed Rulemaking , seeking public comment on its proposal to amend the Rule on Impersonation of Government and Businesses (Impersonation Rule or Rule), that is being finalized by the FTC today, to add a prohibition on the impersonation of individuals. The amendment would also extend liability for violations of the Impersonation Rule to parties who provide goods and services with knowledge or reason to know that thos
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Account Recovery
FEBRUARY 16, 2024
Collector Facing FDCPA Suit For Sending Emails to Collect on Paid-Off Debt Judge Grants MTD in FDCPA Case Over Potentially Incorrect Balance in Underlying Collection Suit PRA Group Posts Loss for 4Q, 2023, But CEO Highlights Changes That Are Turning Company Around FCC Adopts New Rules for Revoking Consent Under TCPA WORTH NOTING: A tattoo […]
UK debt collections
FEBRUARY 16, 2024
Some people believe a recession is lucrative for the debt collection industry. With a recession comes more late payment of invoices and overdue accounts. On the face of it, people make the assumption that it is boom time for the debt collection sector. Contrary to popular belief, a recession does not bring any benefits to the debt collection sector at all usually.
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
FEBRUARY 16, 2024
A District Court judge in New York has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action lawsuit on the grounds the plaintiff did not suffer a concrete injury and thus does not have standing to sue, after she was sued in state court for an unpaid debt that she claimed […]
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Account Recovery
FEBRUARY 16, 2024
PRA Group purchased more than $1.2 billion of debts in 2023 — it’s third-highest annual total ever — but still lost $8.8 million during the last three months of the year, compared with profit of $15.9 million during the same period of 2022. For all of 2023, the company recorded a loss of $83.
Credit Corp
FEBRUARY 16, 2024
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: The Chase Sapphire Reserve® is best for consumers who travel frequently and want to earn bonus points on flights, hotels and car rentals.
Account Recovery
FEBRUARY 16, 2024
The Federal Communications Commission yesterday adopted new rules yesterday that aim to make it easier for consumers to opt out of receiving unwanted robocalls and robotexts, while also requiring callers and texters to implement opt-out requests in a timely manner.
Troutman Sanders
FEBRUARY 16, 2024
What happens to funds recovered by the trustee after the final plan payment is made in a chapter 13 case? According to the U.S. Bankruptcy Court for the District of Iowa, absent a plan provision providing otherwise, those funds revert to the debtors. In In re McCrorey , the debtors confirmed a chapter 13 plan, which required them to make payments for 60 months and provided no payments to unsecured creditors.
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NACM
FEBRUARY 16, 2024
?️ On today's episode of NACM's Extra Credit podcast. Signing a Non-Disclosure Agreement (NDA) has become standard practice for credit managers seeking access to sensitive customer financial information.⭐ Hear from Joseph Lange; Stephen Ennis and Steve Frederiksen!
Troutman Sanders
FEBRUARY 16, 2024
On February 13, the Federal Trade Commission (FTC) released a blog post warning companies that it could be deemed an unfair or deceptive practice for a company to adopt more permissive data practices and to only inform consumers of such changes through retroactive amendments to its terms of service or privacy policy. In the blog post, entitled “AI (and other) Companies: Quietly Changing Your Terms of Service Could Be Unfair or Deceptive,” the FTC described the increasing need companies have for
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