Account Recovery
OCTOBER 11, 2023
A class-action lawsuit has been filed against a pair of healthcare providers, alleging they violated state law in California by sending confidential medical information to a third-party collection agency, which was subsequently publicized as a result of a data breach.
Consumer Finance
OCTOBER 10, 2023
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to shutdown junk fees.
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FFGN COLLECT NY
OCTOBER 8, 2023
Mediating a debt collection claim can be a successful way to reach an agreement to pay. Mediation can be voluntary, where both parties agree to participate, or due to a clause in the agreement that mandates mediation before proceeding to arbitration or litigation. However, there are issues that may arise during the mediation process that can forestall settlement discussions thereby impacting the process and possible resolution of the claim.
Credit Corp
OCTOBER 11, 2023
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 & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: You can earn 1.5% cash back on all purchases with this card.
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
OCTOBER 13, 2023
The Minnesota State Bar has released a report calling for an overhaul of the legal collections process in the Land of 10,000 Lakes. Consumers are too often confused about how to pay back debts and collection lawsuits disproportinately affect consumers with low-incomes and minorities. A copy of the report can be accessed by clicking here.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
True Accord
OCTOBER 10, 2023
We’re approaching the end of the year and fall is in the air – along with consumer financial uncertainty. Economic stressors persist and are likely contributing to many consumers relying on credit to cover expenses, while the resumption of student loan payments adds another financial obligation to the mix. For consumers, the conundrum of balancing finances continues as the holiday spending season sneaks up.
Credit Corp
OCTOBER 11, 2023
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 & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: You can secure a small credit limit with a deposit ($200 minimum) and don’t need great credit to get approved for this card.
Account Recovery
OCTOBER 13, 2023
Collector Facing FDCPA Class Action Over Undated MVN 3rd Circuit Issues Precedential Ruling on Standing; Vacates Certification of Class in FDCPA Suit TransUnion to Pay $23M to Settle Enforcement Actions with CFPB Report Calls for Overhaul to Minnesota Legal Collections System WORTH NOTING: Details to get you ready for tomorrow’s “Ring of Fire” solar eclipse […]
Consumer Finance
OCTOBER 10, 2023
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.
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PDC Flow
OCTOBER 10, 2023
PDCflow now offers an extensive list of ACH processing options for merchants. Through a recent integration enhancement, companies who accept ACH payments through PDCflow have access to more choices than ever before when it comes to ACH processors. Businesses may choose from any of the following check processors for their PDCflow ACH payments: Payliance ACHWorks VeriCheck (VCI) RP Solutions CheckGateway PAYA ACH EFT BOP CrossCheck Teledraft Reliafund Actum Benefits of More ACH Processing Options
Jimerson Firm
OCTOBER 12, 2023
On June 29, 2023, Governor DeSantis signed into law Senate Bill 170 (SB 170). Starting on October 1, 2023, the new law allows city and county ordinances to be challenged in court on the basis that the ordinance is arbitrary or unreasonable, or preempted by state law, and requires suspension of enforcement of the ordinance during the legal challenge under certain circumstances.
Account Recovery
OCTOBER 12, 2023
The Consumer Financial Protection Bureau yesterday released guidance reminding financial institutions that they are not allowed to charge consumers for “basic information” about their accounts. Some banks, for example, are charging consumers for information that is used to manage their finances or fix problems with their bank accounts.
Consumer Finance
OCTOBER 9, 2023
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal court today, alleging that Freedom Mortgage Corporation submitted legally-required mortgage loan data that was riddled with errors.
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FFGN COLLECT NY
OCTOBER 13, 2023
New York’s real estate industry is highly competitive. It is inevitable to face various disputes and conflicts, whether in contract disagreement or property boundary disputes. When this happens to you, ensure you know how to handle these conflicts to keep your investments flowing. Keep reading to discover how arbitration and mediation can help you in this scenario and how to use them to your advantage.
Jimerson Firm
OCTOBER 11, 2023
Eminent domain in Florida often takes center stage when government entities embark on construction projects of public importance. These projects can range from essential road widening initiatives and the construction of new sidewalks to the installation of underground and above-ground utilities and more. In the midst of these endeavors, Temporary Construction Easements (“TCEs”) emerge as vital tools that enable access to private properties for a limited duration while the project is underway.
Account Recovery
OCTOBER 12, 2023
Getting to Know Meghan Jean of Sequium Asset Solutions Judge Grants MTD in FDCPA Case Over Imputed Knowledge of Representation FTC Issues Proposed Rule Banning ‘Junk Fees’ CFPB Issues Guidance on Fees Charged for Responding to Consumer Requests for Info Barron & Newburger, P.C.
Consumer Finance
OCTOBER 11, 2023
The CFPB and Federal Trade Commission took action against a rental screening subsidiary of the TransUnion conglomerate.
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?
Troutman Sanders
OCTOBER 13, 2023
On October 11, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion regarding § 1034(c) of the Consumer Financial Protection Act (CFPA), which requires large banks and credit unions to comply in a timely manner with consumer requests for information concerning their accounts. This advisory opinion follows a June 2022 request for information where the CFPB asked for public input on customer service obstacles encountered when interacting with large financial institu
PDC Flow
OCTOBER 12, 2023
No matter what business you’re in, taking payments brings more regulations you must follow. For instance, companies that use recurring payment processing services need to maintain Regulation E compliance. But how do you know when Regulation E applies to a transaction within your business? How can your payment processing software help? Recurring EFT Payments and Regulation E What is Regulation E ?
Account Recovery
OCTOBER 11, 2023
GOLDEN, CO, UNITED STATES, October 11, 2023 — Barron & Newburger is pleased to announce the addition of two experienced attorneys who bring significant experience in data security, litigation, and compliance consulting. Mark Smith joins the firm’s Houston Texas office as a shareholder.
Consumer Finance
OCTOBER 10, 2023
Across the country, Americans are working hard to create and provide products sold here at home and around the world.
Speaker: William Hord, Senior VP of Risk & Professional Services
Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?
Debt Free Colorado
OCTOBER 12, 2023
What Our Bankruptcy Attorneys Can Help With When Filing Bankruptcy in Colorado Financial burdens and the possibility of a new beginning can trigger various emotions. If you have already decided to file for bankruptcy, it is crucial to tackle this challenging undertaking with a balanced mentality. It is best to have a clear mind and understanding when dealing with a big decision, such as filing for bankruptcy.
Troutman Sanders
OCTOBER 12, 2023
Join Troutman Pepper Partners Chris Willis and Sheri Adler as they dive into the new requirement for publicly traded companies (including financial services companies) to adopt a clawback policy requiring the recoupment of erroneously awarded incentive compensation by December 1, 2023. Chris and Sheri discuss many facets of the rules and what steps companies can take to ensure compliance, including: Which companies are subject to the new rules?
Account Recovery
OCTOBER 10, 2023
One-third of all consumers owe at least $250,000 in debt — when factoring in mortgages and auto loans — while half of the population owe less than $250,000, and the remaining 17% are carrying no debt at all, according to a newly released report.
Consumer Finance
OCTOBER 11, 2023
Credit reporting agencies have a responsibility to ensure that consumers’ personal data is accurate and secure.
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