Creditor Collections Today

DFPI Fines Three Collection Operations $85k in Separate Enforcement Actions

Account Recovery

JUNE 6, 2023

The California Department of Financial Protection and Innovation yesterday announced three enforcement actions against different debt collection operations, for attempting to collect in the state without having or applying for a license and also making false or misleading representations when attempting to collect on a debt i n violation of the Fair (..)

Fair Debt Collection

Fair Debt Collection Collections

Daily Digest – April 3. Judge Grants MTD in FDCPA Class Action; CPPA Issues First Enforcement Advisory

Account Recovery

APRIL 3, 2024

Judge Grants MTD in FDCPA Class Action Judge Denies MTD in FDCPA Class Action Over Post-Judgment Fees CPPA Issues First Enforcement Advisory; Focuses on Data Minimization 30 Companies Seeking Collection Talent WORTH NOTING: Some weird beach laws that are on the books in different locales across the United States … A lot of people think […] (..)

Judgment

Judgment Collections

CFPB Issues First Enforcement Action Under Chopra

Account Recovery

OCTOBER 20, 2021

Less than a week after having a new Director sworn in, the Consumer Financial Protection Bureau announced its first enforcement action of the Rohit Chopra era, assessing $6 million in fines and penalties against a company that offers financial services products to individuals incarcerated and recently released from prisons and jails nationwide.

Financial services

CFPB Takes Enforcement Action Against ISA Provider

Account Recovery

SEPTEMBER 8, 2021

The Consumer Financial Protection Bureau yesterday announced an enforcement action against an income share agreement provider that was accused of misrepresenting its product and failing to comply with federal law governing private student loans.

Student loans

Student loans Student Loans Government Loans

The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

Paige Baumann will walk us through the impacts of the AMLA, and you'll leave this session with a new understanding of: The catalysts for this new law and how it amended the Bank Secrecy Act of 1970 Rulemaking and other actions taken by the U.S.

Financial Institution

Task Force Launches Enforcement Actions Against Alleged Illegal Robocallers

Account Recovery

NOVEMBER 2, 2022

An anti-robocall task force comprised of 51 different attorneys general has initiated an enforcement action against two telecom companies that have not responded to civil investigative demands seeking answers about their operation.

FCC Enforcement Action to Block Calls from Seven Carriers

Account Recovery

OCTOBER 4, 2022

For the first time ever, the Federal Communications Commission has announced enforcement actions that will remove seven different carriers from its Robocall Mitigation Database after being accused of failing to implement anti-spam measures like the STIR/SHAKEN protocols.

Four Data Breaches in Five Years Leads to FTC Enforcement Action

Account Recovery

NOVEMBER 3, 2022

The order does not include a monetary penalty, but requires the company to bolster its information security … The post Four Data Breaches in Five Years Leads to FTC Enforcement Action appeared first on AccountsRecovery.net.

Trade

Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action

Account Recovery

DECEMBER 8, 2023

The Consumer Financial Protection Bureau yesterday announced an enforcement action against Atlantic Union Bank regarding the institution’s procedures for enrolling customers in overdraft protection products in violation of the Electronic Funds Transfer Act, assessing a fine of $1.2

Banks

CFPB Enforcement Actions Spike in 3Q

Account Recovery

OCTOBER 16, 2020

That might be one explanation why, and I say this completely with my tongue in my cheek, the number of public enforcement actions taken during the third quarter of 2020 … The post CFPB Enforcement Actions Spike in 3Q appeared first on AccountsRecovery.net.

CFPB Announces First Enforcement Action Under New Leadership

Account Recovery

FEBRUARY 23, 2021

The post-Kraninger Consumer Financial Protection Bureau announced its first enforcement action yesterday, and while it might not directly relate to the accounts receivable management industry, there are a number of insights that the industry can and should glean from the news.

Accounts Receivables Management

Penn. AG Settles Enforcement Action with Consumer Attorney Running Debt Settlement Operation

Account Recovery

JANUARY 25, 2024

The Attorney General of Pennsylvania has announced the settlement of an enforcement action against a consumer attorney who also provided debt settlement services that took advance fees from consumers and misled them into believing that attorneys were working on their accounts, when in reality they had been transferred to call center representatives. (..)

Debt settlement

CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report

Account Recovery

APRIL 8, 2022

Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish (..)

New Mass. AG Makes First Industry-Related Enforcement Action

Account Recovery

FEBRUARY 6, 2023

In her first collection-related enforcement action, Andrea Joy Campbell, the new Attorney General of Massachusetts, announced that Toyota Motor Credit Corp., In her first collection-related enforcement action, Andrea Joy Campbell, the new Attorney General of Massachusetts, announced that Toyota Motor Credit Corp.,

Collections

Daily Digest – January 31. Law Firm Facing Class Action; DFPI Announces Enforcement Actions

Account Recovery

JANUARY 31, 2023

Law Firm Facing Class Action; DFPI Announces Enforcement Actions first appeared on AccountsRecovery.net. Law Firm Facing Class Action; DFPI Announces Enforcement Actions appeared first on AccountsRecovery.net. The post Daily Digest – January 31.

Law Firms

Law Firms Fair Debt Collection Collections

Capital One to Pay $2M As Part of Collection Call Enforcement Action

Account Recovery

DECEMBER 16, 2022

Capital One will … The post Capital One to Pay $2M As Part of Collection Call Enforcement Action first appeared on AccountsRecovery.net. The post Capital One to Pay $2M As Part of Collection Call Enforcement Action appeared first on AccountsRecovery.net.

Fair Debt Collection

Fair Debt Collection Collections Financial Institution

Enforcement Action Bans Pair From Collection Industry

Account Recovery

APRIL 27, 2023

The post Enforcement Action Bans Pair From Collection Industry appeared first on AccountsRecovery.net.

Collections

Collections Trade

CFPB Won’t Pursue Enforcement Action with Opportun Over Legal Collection Practices

Account Recovery

MARCH 30, 2023

The company announced this week that it received a notification from the Consumer Financial Protection Bureau that it will not be pursuing an enforcement action against the company after opening an investigation into its legal collection practices.

Legal Collections

Legal Collections Collections Lender

California DFPI Announces Enforcement Actions Against Five Collection Operations

Account Recovery

JANUARY 31, 2023

The five operations are: Amherst and Associates Clayton Banner and Associates SARS Solutions Marvin, McCall … The post California DFPI Announces Enforcement Actions Against Five Collection Operations first appeared on AccountsRecovery.net.

Collections

Application for Debt Collection License Leads to Enforcement Action Against Online Lender

Account Recovery

FEBRUARY 13, 2023

Maybe … The post Application for Debt Collection License Leads to Enforcement Action Against Online Lender first appeared on AccountsRecovery.net. The post Application for Debt Collection License Leads to Enforcement Action Against Online Lender appeared first on AccountsRecovery.net.

Lender

Lender Collections Loans

CFPB Gets Ban for Debt Relief Co. CEO As Part of Enforcement Action Settlement

Account Recovery

MAY 2, 2022

CEO As Part of Enforcement Action Settlement appeared first on AccountsRecovery.net.

Appeals Court Allows CFPB Enforcement Action to Continue, But Raises Constitutional Questions About How Agency is Funded

Account Recovery

MAY 3, 2022

… The post Appeals Court Allows CFPB Enforcement Action to Continue, But Raises Constitutional Questions About How Agency is Funded appeared first on AccountsRecovery.net.

Lender

Daily Digest – May 3. Appeals Court Allows CFPB Enforcement Action to Continue; Complaint Accuses Collector of Wrong Validation Date

Account Recovery

MAY 3, 2022

Appeals Court Allows CFPB Enforcement Action to Continue; Complaint Accuses Collector of Wrong Validation Date appeared first on AccountsRecovery.net.

Lender

RCM Provider to Pay $550k to Settle Data Breach Enforcement Action

Account Recovery

MAY 24, 2023

The Attorney General of New York has settled an enforcement action against a revenue cycle management company that will see the company pay $550,000 in fines and penalties after it was accused of failing to protect the personal information of individuals that lead to a ransomware cyberattack which affected more than 1.2

Daily Digest – December 16. Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action

Account Recovery

DECEMBER 16, 2022

Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action first appeared on AccountsRecovery.net. The post Daily Digest – December 16.

Fair Debt Collection

Fair Debt Collection Collections Debt collector

Healthcare Co. to Pay $2.5M in Fines, Vacated Judgments as Part of Enforcement Action with Mass. AG

Account Recovery

FEBRUARY 17, 2023

Yesterday, she announced her third collection-related enforcement action in the last two weeks, this time fining a medical equipment supplier $500,000 and vacating more than $2 million in judgments for a number of violations, including filing lawsuits in a state … The post Healthcare Co. to Pay $2.5M The post Healthcare Co.

Healthcare

Healthcare Judgment Collections

Daily Digest – October 4. Debt Relief Power of Attorney Doc at Center of FDCPA Suit; FCC Enforcement Action to Block Calls from Seven Carriers

Account Recovery

OCTOBER 4, 2022

Debt Relief Power of Attorney Doc at Center of FDCPA Suit; FCC Enforcement Action to Block Calls from Seven Carriers appeared first on AccountsRecovery.net. The plaintiff … The post Daily Digest – October 4.

Daily Digest – February 6. Judge Grants MTD for Lack of Standing; New Mass. AG Makes First Industry Enforcement Action

Account Recovery

FEBRUARY 6, 2023

AG Makes First Industry Enforcement Action first appeared on AccountsRecovery.net. AG Makes First Industry Enforcement Action appeared first on AccountsRecovery.net. Judge Grants MTD for Lack of Standing; New Mass. The post Daily Digest – February 6. Judge Grants MTD for Lack of Standing; New Mass.

Fair Debt Collection

Fair Debt Collection Collections

Daily Digest – February 13. Judge Grants MTD Over Use of Process Server; Application for Collection License Leads to Enforcement Action

Account Recovery

FEBRUARY 13, 2023

Judge Grants MTD Over Use of Process Server; Application for Collection License Leads to Enforcement Action first appeared on AccountsRecovery.net. Judge Grants MTD Over Use of Process Server; Application for Collection License Leads to Enforcement Action appeared first on AccountsRecovery.net.

Fair Debt Collection

Fair Debt Collection Collections

Penn. AG Announces Enforcement Action Over ‘Aggressive’ Collection Practices

Account Recovery

AUGUST 20, 2020

AG Announces Enforcement Action Over ‘Aggressive’ Collection Practices appeared first on AccountsRecovery.net. The institution — Northwest Bank — was accused of filing collection lawsuits against individuals with unpaid car loans … The post Penn.

Collections

Collections Financial Institution Banks Loans

SEC Record Retention Enforcement Actions

Troutman Sanders

MAY 11, 2023

Please join Troutman Pepper Partners Chris Willis and Kim Phan for an in-depth discussion about the Securities and Exchange Commission’s (SEC’s) recent record retention enforcement actions. She has successfully represented multiple national companies through the FTC investigatory process, resulting in “no-action” letters.

Financial Institution

Financial Institution Trade Financial services

TransUnion to Pay $23M to Settle Enforcement Actions with CFPB

Account Recovery

OCTOBER 13, 2023

The Consumer Financial Protection Bureau and the Federal Trade Commission yesterday announced a settlement with TransUnion Rental Screening Solutions, a unit of TransUnion, that will see the company pay $15 million after it was accused violating the Fair Credit Reporting Act by failing to ensure the accuracy of tenant screening reports and withheld (..)

Trade

Bank Investigations and Enforcement Actions: Lessons Learned

Troutman Sanders

OCTOBER 26, 2023

Transcript: Bank Investigations and Enforcement Actions: Lessons Learned (PDF) They explore the trigger points that give rise to these investigations, provide useful advice for banks regarding their investigations, discuss how to avoid common issues, and suggest remedial measures to prevent issues from repeating.

Banks

How SBA Lenders Can Avoid Enforcement Actions

Jimerson Firm

FEBRUARY 12, 2021

In the event an SBA lender or CDC demonstrates an unacceptable risk profile, and an inability or unwillingness to proactively or timely resolve the issues which created an unacceptable risk profile, the SBA may take an enforcement action against that lender or CDC. What Triggers Enforcement Actions? 13 CFR § 120.1400(f).

Lender

Lender Loans Financial services Banks

Law Prof. Calls Out CFPB For Lack of Pandemic-Related Enforcement, Including Actions Against Collectors

Account Recovery

APRIL 27, 2021

Calls Out CFPB For Lack of Pandemic-Related Enforcement, Including Actions Against Collectors appeared first on AccountsRecovery.net. The report … The post Law Prof.

Debt collector

Inside Look: The SEC’s Enforcement Action Against Cryptocurrency Exchange Kraken

Troutman Sanders

DECEMBER 6, 2023

On November 20, the Securities and Exchange Commission (SEC) instituted a civil enforcement action against Kraken, a major U.S. The issuers of the crypto assets named in the Kraken action will likely dispute the SEC’s characterization of those assets as securities. cryptocurrency exchange. Vicarious Marketing.

Trade

Trade Government Financial services

Judge Grants Default Judgment for CFPB, State AGs in Enforcement Action

Account Recovery

MAY 15, 2023

A District Court judge in Virginia has granted default judgment against each of the defendants in a civil lawsuit filed by the Consumer Financial Protection Bureau and the Attorneys General of New York, Massachusetts, and Virginia against a company accused of taking advantage of immigrants, ruling the defendants are in civil contempt and that “if (..)

Judgment

CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges

Account Recovery

APRIL 18, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action against a for-profit vocational school accused of deceiving students about the cost of loans and making false claims about post-graduation hiring rates.

Loans

Prepared Remarks of CFPB Enforcement Director Eric Halperin on the TransUnion Enforcement Actions

Consumer Finance

OCTOBER 11, 2023

Credit reporting agencies have a responsibility to ensure that consumers’ personal data is accurate and secure.

CFPB Encourages States To Use Federal Authorities To Bring Enforcement Actions

Collection Industry News

MAY 30, 2022

When Congress enacted the CFPA in 2010, it provided for concurrent enforcement by federal and state regulators. Congress viewed federal preemption of state enforcement efforts as one cause for the Great Recession, and it thus equipped states with express enforcement authority under the CFPA.

Fair Debt Collection

Fair Debt Collection Foreclosure Retail Trade

Servicer to Pay $3.2M to Settle Action with Mass. AG Over Foreclosure Failings, Excessive Collection Calls

Account Recovery

AUGUST 18, 2022

million in fines and restitution to settle an enforcement action with the Attorney General of Massachusetts, which accused the company of engaging in unfair and deceptive conduct by “harassing” individuals with excessive debt collection calls, among other claims. to Settle Action with Mass.

Foreclosure

Foreclosure Collections

CFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit

Account Recovery

FEBRUARY 8, 2024

The Consumer Financial Protection Bureau yesterday announced a settlement in an enforcement action that started nearly a decade ago which will see those involved in a foreclosure relief scam pay $12 million in penalties and restitution to consumers.

Foreclosure

DOJ Settles Servicemembers Civil Relief Act Complaint In Latest “Vigorous” Enforcement Action

Troutman Sanders

AUGUST 12, 2022

This action is merely the latest in aggressive SCRA enforcement by the DOJ, which since 2011 has obtained over $476 million in monetary relief for over 121,000 servicemembers. The DOJ continues to take aggressive action to ensure the rights of servicemembers under SCRA. But that is just the beginning of SCRA compliance.

Judgment

Judgment Lender Financial services Collections

Remarks of Director Rohit Chopra at a Joint DOJ, CFPB, and OCC Press Conference on the Trustmark National Bank Enforcement Action

Consumer Finance

OCTOBER 22, 2021

Director Rohit Chopra remarks at the joint DOJ, CFPB, and OCC press conference on the Trustmark National Bank enforcement action.

Banks

DFPI Fines Three Collection Operations $85k in Separate Enforcement Actions

Daily Digest – April 3. Judge Grants MTD in FDCPA Class Action; CPPA Issues First Enforcement Advisory

Trending Sources

CFPB Issues First Enforcement Action Under Chopra

CFPB Takes Enforcement Action Against ISA Provider

The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Task Force Launches Enforcement Actions Against Alleged Illegal Robocallers

FCC Enforcement Action to Block Calls from Seven Carriers

Four Data Breaches in Five Years Leads to FTC Enforcement Action

Overdraft Fee Issues Cost Bank $6.2M in CFPB Enforcement Action

CFPB Enforcement Actions Spike in 3Q

CFPB Announces First Enforcement Action Under New Leadership

Penn. AG Settles Enforcement Action with Consumer Attorney Running Debt Settlement Operation

CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report

New Mass. AG Makes First Industry-Related Enforcement Action

Daily Digest – January 31. Law Firm Facing Class Action; DFPI Announces Enforcement Actions

Capital One to Pay $2M As Part of Collection Call Enforcement Action

Enforcement Action Bans Pair From Collection Industry

CFPB Won’t Pursue Enforcement Action with Opportun Over Legal Collection Practices

California DFPI Announces Enforcement Actions Against Five Collection Operations

Application for Debt Collection License Leads to Enforcement Action Against Online Lender

CFPB Gets Ban for Debt Relief Co. CEO As Part of Enforcement Action Settlement

Appeals Court Allows CFPB Enforcement Action to Continue, But Raises Constitutional Questions About How Agency is Funded

Daily Digest – May 3. Appeals Court Allows CFPB Enforcement Action to Continue; Complaint Accuses Collector of Wrong Validation Date

RCM Provider to Pay $550k to Settle Data Breach Enforcement Action

Daily Digest – December 16. Suit Accuses Collector of Attempting to Collect on Non-Existent Lease; Cap One to Pay $2M to Settle Collection Enforcement Action

Healthcare Co. to Pay $2.5M in Fines, Vacated Judgments as Part of Enforcement Action with Mass. AG

Daily Digest – October 4. Debt Relief Power of Attorney Doc at Center of FDCPA Suit; FCC Enforcement Action to Block Calls from Seven Carriers

Daily Digest – February 6. Judge Grants MTD for Lack of Standing; New Mass. AG Makes First Industry Enforcement Action

Daily Digest – February 13. Judge Grants MTD Over Use of Process Server; Application for Collection License Leads to Enforcement Action

Penn. AG Announces Enforcement Action Over ‘Aggressive’ Collection Practices

SEC Record Retention Enforcement Actions

TransUnion to Pay $23M to Settle Enforcement Actions with CFPB

Bank Investigations and Enforcement Actions: Lessons Learned

How SBA Lenders Can Avoid Enforcement Actions

Law Prof. Calls Out CFPB For Lack of Pandemic-Related Enforcement, Including Actions Against Collectors

Inside Look: The SEC’s Enforcement Action Against Cryptocurrency Exchange Kraken

Judge Grants Default Judgment for CFPB, State AGs in Enforcement Action

CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges

Prepared Remarks of CFPB Enforcement Director Eric Halperin on the TransUnion Enforcement Actions

CFPB Encourages States To Use Federal Authorities To Bring Enforcement Actions

Servicer to Pay $3.2M to Settle Action with Mass. AG Over Foreclosure Failings, Excessive Collection Calls

CFFP Reaches $12M Settlement With Foreclosure Relief Scammers, 10 Years After Filing Lawsuit

DOJ Settles Servicemembers Civil Relief Act Complaint In Latest “Vigorous” Enforcement Action

Remarks of Director Rohit Chopra at a Joint DOJ, CFPB, and OCC Press Conference on the Trustmark National Bank Enforcement Action

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