Account Recovery

JUNE 20, 2024

These digital assistants are set to revolutionize customer service and internal operations within financial institutions. Artificial intelligence (AI) chatbots are transforming the banking sector, offering significant cost savings, improved efficiency, and enhanced customer satisfaction, according to a published report.

Financial services 130

Financial services Financial Institution Banks 130

Account Recovery

JANUARY 29, 2025

the chairman of the House Financial Services Subcommittee on Financial Institutions, last week reintroduced H.R. 654, the Taking Account of Bureaucrats Spending (TABS) Act, aiming to bring the Consumer Financial Protection Bureau under the Congressional appropriations process. Andy Barr [R-Kent.],

Financial Institution 130

Financial Institution Financial services 130

True Accord

JULY 27, 2020

This push to digitize rewards market leaders, and as a result TrueAccord is growing, and every month we serve more consumers and more financial institutions than we ever did. Charles Deutsch joins us as General Manager of Financial Services. Laura Marino joins TrueAccord as Chief Product Officer.

Financial services 131

Financial services Financial Institution Lender Banks 131

Consumer Finance

NOVEMBER 11, 2024

The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

Financial Institution 139

Financial Institution Financial services 139

Account Recovery

APRIL 6, 2025

The Consumer Financial Protection Bureau has officially signaled it plans to rewrite its small business lending data collection rule, known as Section 1071, following major leadership changes earlier this year. Zoom out: The CFPBs pivot reflects the new leaderships broader reassessment of the agencys regulatory agenda. Read the motion.

Financial Institution 100

Financial Institution Trade Lender Financial services 100

Account Recovery

JANUARY 27, 2021

the chairwoman of the House Financial Services Committee, yesterday announced the representatives who will chair the committee’s six subcommittees. Of most interest to the accounts receivable management industry is likely the Subcommittee on Consumer Protection and Financial Institutions. Maxine Waters [D-Calif.],

Financial Institution 162

Financial Institution Accounts Receivables Management Financial services 162

Account Recovery

FEBRUARY 7, 2025

A New Era for Debt Collection & Financial Services The future of collections is AI-driven, and our Interactive Voice AI Smart Collectors are transforming how agencies and financial institutions manage debt recovery, stated Carl Briganti, President and CEO of CSS, Inc.

Collections 130

Collections Financial Institution Debt Recovery Debt Management 130

Account Recovery

JANUARY 29, 2025

Andersen’s illustrious career spans over three decades, during which she established herself as a leading authority on compliance within the collections, debt purchasing, and financial services industries. Our innovative solutions are built on a dedicated approach to innovation and service.

Collections 130

Collections Accounts Receivables Management Fair Debt Collection Financial services 130

Account Recovery

MARCH 8, 2023

I have said it on numerous occasions that hearings before the House and Senate committees are little more than theater, especially when the director of the Consumer Financial Protection Bureau is in the house, but tomorrow, the House Financial Services Subcommittee on Financial Institutions and Monetary Policy will talk about the CFPB without inviting (..)

Financial Institution 130

Financial Institution Financial services 130

Account Recovery

SEPTEMBER 6, 2024

Sedric AI, a fast-growing player in the AI-driven compliance space for financial institutions, has raised $18.5 By integrating the industry’s first compliance-dedicated large language model (LLM), Sedric enables financial institutions to identify compliance issues in real-time, automatically correct them, and simplify audits.

Financial Institution 130

Financial Institution Financial services 130

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. When consumers turn to a financial institution for services, they want to know that their private information is being kept safe and sound. Providing financial advising. Handling savings. Collecting debt.

Collections Agency 130

Collections Agency Collection Agencies Financial Institution Collections 130

Fraser

JUNE 16, 2021

House of Representatives passed the Secure and Fair Enforcement Banking Act of 2019 (“Safe Act”), which would prohibit regulators from terminating or limiting either deposit or share insurance of a financial institution for doing business with a cannabis company. In March 2021, revised versions of the bill were introduced in the U.S.

Financial Institution 59

Financial Institution Government Banks Credit Unions 59

Troutman Sanders

APRIL 6, 2021

Five federal banking regulatory agencies are gathering information and comments on financial institutions’ use of artificial intelligence (AI), including machine learning. The RFI notes that financial institutions have been and are exploring AI-based applications for a variety of purposes.

Financial Institution 52

Financial Institution Banks Credit Unions Credit Unions 52

Account Recovery

SEPTEMBER 10, 2024

“Adrian has played a leading role in driving the development of innovation and transformations at top global financial services institutions. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. About PRA Group, Inc.As

Manufacturing 130

Manufacturing Financial services Financial Institution Banks 130

True Accord

JANUARY 21, 2025

In addition to specific actions targeting offenders in the consumer financial services industry, the CFPB announced myriad other topics of interest to close out 2024 with a sharp focus on protecting consumers and their data.

Student loans 104

Student loans Student Loans Credit Card Debt Financial Institution 104

Troutman Sanders

MAY 5, 2022

On May 2, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Supervisory Highlights report on legal violations discovered during examinations in the second half of 2021. The CFPB alleges some financial institutions do not perform robust enough investigations of errors. Too many holds on mobile check deposits.

Financial Institution 52

Financial Institution Repossession Debt collector Lender 52

Troutman Sanders

FEBRUARY 8, 2022

Troutman Pepper announced today that a nationally recognized consumer financial services group has joined the firm from Ballard Spahr in Atlanta, New York, Philadelphia, and Salt Lake City. The industry-leading group includes partners Christopher J. Willis , Mark J. Furletti , Jeremy T. Rosenblum , Stefanie H. Cover , and Anthony C.

Financial services 52

Financial services Government Financial Institution Lender 52

Account Recovery

SEPTEMBER 30, 2024

Why it matters: As AI becomes more prevalent in communications and marketing, financial services professionals need to stay informed about regulatory changes that could affect their operations, particularly in areas like robocalls, text messaging, and advertising.

Financial Institution 130

Financial Institution Collections Agency Collection Agencies Financial services 130

Troutman Sanders

OCTOBER 18, 2022

million student checking and credit card accounts that are governed by partnerships between institutions of higher education and financial services providers, and it highlighted market trends and possible risks. The report reviewed agreements and data covering the over 1.2

Financial Institution 52

Financial Institution Education Financial services Credit Unions 52

Jimerson Firm

DECEMBER 15, 2022

Financial institutions are often required to make tough decisions when they receive the daunting Form 668–A, “Notice of Levy” from the IRS concerning a delinquent taxpayer’s bank account. Financial Institutions Tax Levy Obligations and Liability Exposure. By Austin Calhoun, Esq. and Joseph Luna, Esq. What is a Tax Levy?

Financial Institution 52

Financial Institution Banks Debtor Creditors 52

Consumer Finance

JANUARY 16, 2024

The CFPB today proposed a rule to rein in excessive overdraft fees charged by the nation’s biggest financial institutions.

Financial Institution 145

Financial Institution Banks Financial services 145

Fico Collections

DECEMBER 9, 2021

As the end of the year approaches, financial institutions are preparing for 2022 by pivoting their focus towards digital transformation initiatives that add real value for their customers and their bottom line. In fact, the main attrition driver for financial institutions is a poor banking app. Creating an AI Structure.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Consumer Finance

JANUARY 23, 2024

The Consumer Financial Protection Bureau proposed to block financial institutions from one potential source of new junk fee revenue – fees on instantaneously declined transactions.

Financial Institution 140

Financial Institution Banks Financial services 140

Troutman Sanders

AUGUST 23, 2021

We are pleased to announce that Troutman Pepper partner Ron Raether will be a featured speaker at the American Bar Association’s Consumer Financial Services Basics Virtual Conference, on Thursday, October 21 st from 3:10 to 4:10pm ET. For additional information or to register, please click here.

Financial services 52

Financial services Financial Institution Government 52

Jimerson Firm

MARCH 24, 2021

This presentation was moderated by the firm’s managing partner, and is geared towards special asset departments of banks and financial institutions. Learn more about how we serve the Banking & Financial Services Industry, and subscribe to our industry legal blog to stay abreast of timely news and updates.

Foreclosure 52

Foreclosure Financial services Banks Financial Institution 52

Account Recovery

AUGUST 27, 2024

Bank, a leading financial services provider, has announced the completion of its acquisition of Salucro Healthcare Solutions LLC, a Tempe, Arizona-based company specializing in healthcare financial technology. Bank reflects a growing trend of financial institutions investing in specialized healthcare fintech.

Healthcare 130

Healthcare Banks Acquisition Financial Institution 130

Troutman Sanders

JANUARY 30, 2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 29, Acting Comptroller of the Office of the Comptroller of Currency (OCC) Michael J.

Financial services 52

Financial services Financial Institution Banks Credit Unions 52

Troutman Sanders

OCTOBER 30, 2023

The FTC’s Safeguards Rule requires nonbanking financial institutions, such as mortgage brokers, motor vehicle dealers, and payday lenders, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe. financial institutions. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Nexa Collect

DECEMBER 17, 2020

Credit Unions must (seriously) reinvent their brand for millennials to compete for account deposits and financial services. Quite often you drive on the highway and see billboards displaying a variety of ads, including some for services of commercial banks. Or do they?

Credit Unions 130

Credit Unions Credit Unions Financial Institution Financial services 130

Troutman Sanders

AUGUST 22, 2022

For more information, click, here. For more information, click here. According to the complaint allegations, nearly 25 million credit reports were requested during the active glitch period, and consumers were subjected to credit scores that were inaccurate by as much as 130 points. For more information, click here.

Financial services 52

Financial services Financial Institution Trade Banks 52

Troutman Sanders

SEPTEMBER 20, 2021

Justin Balser , an experienced litigator and compliance attorney, has joined Troutman Pepper’s nationally recognized Consumer Financial Services Practice Group as a partner. He previously served as legal counsel and advisor to senior management at Lehman Brothers’ mortgage subsidiary, Aurora Loan Services LLC.

Financial services 52

Financial services Financial Institution Loans Lender 52

Troutman Sanders

MAY 2, 2023

CFS Partner Lori Sommerfield brings more than two decades of experience in representing a wide range of banks, financial institutions, and financial services companies in fair lending and responsible banking regulatory compliance. Transcript: CFPB’s Section 1071 Final Rule (Part 1): A General Overview

Financial Institution 97

Financial Institution Fair Debt Collection Financial services Law Firms 97

Fico Collections

JANUARY 18, 2023

The State of Responsible AI in Financial Services. The third annual State of Responsible AI in Financial Services report released today, alerting the industry to come together and self-regulate its use of AI. FICO Admin. Thu, 12/19/2019 - 16:29. by Scott Zoldi. Chief Analytics Officer. expand_less Back To Top.

Financial services 52

Financial services Banks Financial Institution Government 52

Troutman Sanders

JUNE 13, 2022

On June 7, the Federal Reserve announced it will release a second tool to help community financial institutions implement the Current Expected Credit Losses (CECL). On June 8, the New York Department of Financial Services issued new compliance requirements for issuers of U.S. For more information, click here.

Financial services 52

Financial services Financial Institution Debt collector Loans 52

Troutman Sanders

AUGUST 7, 2023

For more information, click here.

Financial services 52

Financial services Financial Institution Manufacturing Loans 52

Troutman Sanders

NOVEMBER 2, 2020

It requires federal regulators to exclude PPP loans from asset-size calculations for the purpose of determining capital ratios, deposit insurance premiums, and other asset thresholds at those financial institutions. For more information, click here. To read the full statement, click here.

Financial services 52

Financial services Financial Institution Loans Credit Unions 52

Troutman Sanders

NOVEMBER 15, 2022

Director Chopra discussed potential resolutions on the hypothetical failure of three categories of systemically important financial institutions: (1) domestic systemically important financial institutions; (2) nonbank systemically important financial institutions; and (3) global systemically important banks.

Financial services 52

Financial services Student loans Student Loans Trade 52