Account Recovery

NOVEMBER 16, 2023

The Court of Appeals for the Second Circuit has affirmed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act because the response to an email from the plaintiff did not constitute an initial communication under the statute.

Fair Debt Collection 147

Fair Debt Collection Judgment Collections 147

UK debt collections

NOVEMBER 16, 2023

New figures released show a massive increase in Personal insolvency. The latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 35.7% in October 2023 to a total of 9,881 compared to September’s total of 7,280, and decreased by 6.1% compared to October 2022’s figure of 10,528.

Bankruptcy 59

Bankruptcy Debtor Unsecured Debt Repossession 59

Account Recovery

NOVEMBER 16, 2023

Getting to Know Connie Matrisch of Pro Com Services of Illinois New Video Series: Legends of the ARM Industry — Gary Williams Second Circuit Affirms Dismissal of FDCPA Suit Over Response to Unprompted Email CFPB Fines Online Lender $15M For Violating Consent Order, ‘Widespread’ Illegal Activity WORTH NOTING: If you are traveling with little kids, […]

Lender 147

Lender 147

Jimerson Firm

NOVEMBER 16, 2023

Clients and lawyers are often faced with the question of how to issue an out-of-state subpoena in Florida. The answer is the Uniform Interstate Depositions and Discovery Act. This article explains how to issue an out-of-state subpoena (commonly referred to as a foreign subpoena) in Florida. The Uniform Interstate Depositions and Discovery Act Section 92.251, Florida Statutes, is titled the Uniform Interstate Depositions and Discovery Act. §92.251(1).

Lawyers 59

Lawyers Government Financial services Banks 59

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

NOVEMBER 16, 2023

If Connie Matrisch had listened to her boss instead of herself, who knows where she would be today. She likely wouldn’t be the owner of her own collection agency, which she has now owned for nearly two decades.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Account Recovery

NOVEMBER 16, 2023

The Consumer Financial Protection Bureau yesterday fined Enova, an online lender $15 million for violating an earlier consent order and engaging in “widespread” illegal conduct, but also added a new wrinkle to its penalty — requiring the company to couple executive compensation to the company’s compliance with consumer protection laws and banning it from offering […]

Lender 130

Lender 130

Troutman Sanders

NOVEMBER 16, 2023

Join Troutman Pepper Partner Chris Willis as he discusses the New York Department of Financial Services’ (NYDFS) latest updates to its cybersecurity regulations with Troutman Pepper Privacy + Cyber Partner Kim Phan. With data breaches on the rise, the NYDFS has heightened its expectations for licensed entities in New York regarding data management. The finalized draft of these changes was released on November 1, following a year of public comment.

Financial Institution 52

Financial Institution Financial services 52

Account Recovery

NOVEMBER 16, 2023

One of the jokes about the accounts receivable management industry is that it’s the world’s second-oldest profession. There is a kernel of truth in that statement, though, because as long as people have been buying, selling, and trading with each other, there have been people who have not paid their debts.

Accounts Receivables Management 130

Accounts Receivables Management Trade 130

Troutman Sanders

NOVEMBER 16, 2023

The U.S. Court of Appeals for the Second Circuit issued a summary order affirming a district court’s holding that an emailed response to the plaintiff’s email did not constitute an “initial communication” under the Fair Debt Collections Practices Act (FDCPA). In Worley v. Simon, Meyrowitz & Meyrowitz, P.C. , the plaintiff had a default judgment entered against her in state court for failure to pay rent.

Law Firms 52

Law Firms Fair Debt Collection Judgment Debt collector 52

Advertisement

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

Collections