Account Recovery

OCTOBER 25, 2021

It might not specifically mention debt collection or the accounts receivable management industry, but everyone’s ears should still be perking up after a number of departments within the federal government on Friday announced a crackdown on discrimination in the financial services industry.

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Financial services Accounts Receivables Management Government Collections 246

Account Recovery

SEPTEMBER 13, 2022

She will be a significant addition to the firm’s Financial Services Practice Group. Adds Compliance Expert to Financial Services Practice Group appeared first on AccountsRecovery.net.

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Account Recovery

SEPTEMBER 22, 2022

To continue the effort to humanize each conversation, we recognized we … The post Halsted Financial Services Partners with Prodigal to Elevate Customer Experiences appeared first on AccountsRecovery.net. What else can tell us what borrowers experience, and how we can help them reach a resolution?

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Financial services 246

Account Recovery

OCTOBER 6, 2021

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The (..)

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Financial services Collections 246

Account Recovery

SEPTEMBER 9, 2021

… The post Getting to Know Ken Rowen of CMRE Financial Services appeared first on AccountsRecovery.net.

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Financial services Accounts Receivables Management 234

Account Recovery

AUGUST 19, 2021

… The post Getting to Know Lee-Madeline Dowls of First Investors Financial Services appeared first on AccountsRecovery.net.

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Financial services Accounts Receivables Management 246

Account Recovery

APRIL 26, 2022

McHenry to seek Chair of Financial Services Committee if Republicans Take Back House appeared first on AccountsRecovery.net. One important Republican to companies in the accounts receivable management industry — Rep. Patrick McHenry [R-N.C.] — yesterday said he plans to seek to be … The post Rep.

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Financial services Accounts Receivables Management 246

Account Recovery

APRIL 17, 2025

Getting to Know Rocky Landoll of BCA Financial Services CFPB to Scale Back Supervision, Shift Focus to Combatting Consumer Fraud Court Calls Out Defendant for Rubber Stamping Investigation, Denies MSJ in FCRA Case Buffalo Man Pleads Guilty to Scam Involving Impersonation of Sheriffs Deputy and Attorney WORTH NOTING:Are you one of the majority of Americans (..)

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Financial services Student Loans Student loans Loans 147

Account Recovery

OCTOBER 6, 2021

Appeals Court Upholds Ruling for Medical Provider in FDCPA False Name Case; USPS Rolling out New Financial Services appeared first on AccountsRecovery.net.

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Financial services Fair Debt Collection Judgment Collections 245

Account Recovery

FEBRUARY 22, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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Financial services Collections 246

Account Recovery

DECEMBER 13, 2024

The House Financial Services Committee, one of the most influential committees in Congress, will soon have a new leader. a former banker with a strong background in financial technology and regulatory reform, has been selected by the House Republican Steering Committee to chair the committee in the upcoming Congress.

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Account Recovery

JANUARY 17, 2024

The top Republican and Democrat on the House Financial Services Committee announced last week the formation of a bipartisan working group on artificial intelligence that will examine how the technology is impacting the industry. What’s Happening: Rep. Patrick McHenry [R-N.C.], the chair of the committee, and Rep.

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Financial services 130

Account Recovery

DECEMBER 2, 2024

that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. The bills were introduced days before the House Financial Services Committee holds a hearing on “How Technology is Shaping the Future of Finance.”

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Account Recovery

JUNE 14, 2023

After going before the Senate Banking Committee yesterday, Rohit Chopra, the director of the Consumer Financial Protection Bureau will testify before the House Financial Services Committee, in what is sure to be a raucous hearing that will focus more on scoring points and trying to get the best soundbite than on anything substantive, especially if (..)

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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.

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Financial services Financial Institution Banks 130

Account Recovery

MAY 8, 2023

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s LTD), a Texas-based collection … The post LTD Financial Services, L.P.; LTD), a Texas-based collection … The post LTD Financial Services, L.P.; The post LTD Financial Services, L.P.; Partners with Skit.ai

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Account Recovery

OCTOBER 5, 2023

Getting to Know Angelia Emanie of KLS Financial Services Judge Grants MTD in State Court Class-Action Over Lack of License Using Credit Reporting to Get Consumers to Repay Debts is ‘Deliberate Misuse’ of System: CFPB GC Mass. Regulator Fines Servicer $1.5M

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Financial services 147

Account Recovery

MARCH 27, 2025

The House Financial Services Committee Subcommittee on Financial Institutions held a hearing titled yesterday aimed at discussing the future of the Consumer Financial Protection Bureau.

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Financial Institution Financial services Healthcare 130

Account Recovery

MARCH 14, 2025

A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. Phoenix Financial Services, based in Fishers, Ind., closed at the end of February, according to a published report.

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Account Recovery

FEBRUARY 20, 2025

The OAG has made it clear that it is committed to holding banks and debt collectors accountable, reinforcing the importance of compliance within the financial services industry. The guide provides clear instructions for claiming exemptions under EIPA and reporting violations. Learn more.

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Account Recovery

MARCH 20, 2025

Why it matters: If passed, these bills could significantly weaken the CFPBs ability to regulate financial institutions and enforce consumer protection laws. This would be a major win for lenders, debt collectors, and financial service providers, while consumer advocates warn it could reduce oversight of abusive practices.

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Account Recovery

OCTOBER 30, 2024

The proposed legislation aims to ensure due process for financial services providers subject to the CFPB’s Civil Investigative Demands (CIDs), which are often criticized for being overly broad and burdensome. Andy Barr [R-Kent.] Vicente Gonzalez [D-Texas] introduced the Civil Investigative Demand Reform Act of 2024.

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Account Recovery

AUGUST 17, 2021

Linda Lacewell, the Superintendent of the New York Department of Financial Services, has announced her resignation and will leave office on August 24, the same day as departing Gov. Andrew Cuomo.

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Financial services 246

Account Recovery

NOVEMBER 7, 2022

A copy of the order, issued against Full Circle Financial Services, can be accessed by clicking here. The Massachusetts Division of Banks has issued a cease and desist order to a debt collector that has been accused of operating in the state for more than six years without a license, in violation of state law. … The post Mass.

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Debt collector Financial services Banks 246

Account Recovery

NOVEMBER 10, 2022

The New York Department of Financial Services yesterday announced proposed amendments to its cybersecurity regulation, including increasing the size threshold for companies that are exempt from following much of the regulation, while also requiring more risk and vulnerability assessments and investing in training and cybersecurity awareness programs, (..)

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Financial services 246

Consumer Finance

OCTOBER 21, 2024

The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.

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Financial services Banks 144

Account Recovery

MARCH 28, 2025

As part of Wednesday’s hearing regarding the future of the Consumer Financial Protection Bureau before the House Financial Services Subcommittee on Financial Institutions, a number of bills were reviewed, including two recently introduced measures that would impact rulemaking from the Bureau. 2183) […]

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Financial Institution Financial services 130

Account Recovery

APRIL 11, 2022

The New York Department of Financial Services has issued guidance “to address potential confusion” about how to comply with a new statute of limitations requirement that went into effect last week, lowering the period to three years while also disallowing a partial payment to restart the statute of limitations, and requiring additional (..)

Financial services 246

Financial services 246

Account Recovery

APRIL 14, 2022

Under the terms of the settlement, Monterey Financial Services will cancel nearly $700,000 of leases … The post Finance Company Settles with Mass. AG Over Illegal Collection Practices For Illegal Dog Leases appeared first on AccountsRecovery.net.

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Collections Financial services 246

Account Recovery

NOVEMBER 2, 2021

The New York Department of Financial Services has issued a series of amendments to its debt collection rules for third-party debt collectors and debt buyers that could change how consumers are communicated with, including the information that must be provided after an initial communication is made.

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Third-party Debt Collectors Collections Debt collector Financial services 245

Account Recovery

AUGUST 10, 2021

A class-action lawsuit has been filed against Harley-Davidson Financial Services, accusing the lender of violating the Telephone Consumer Protection Act and the Illinois Consumer Fraud and Deceptive Business Practices Act because it allegedly contacted the plaintiff on her cell phone after she had revoked consent to be contacted.

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Lender Financial services Collections 246

Account Recovery

DECEMBER 29, 2022

The New York Department of Financial Services yesterday issued its long-awaited debt collection rule amendments, which are scheduled to take effect in 180 days, in late June 2023.

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Collections Financial services 245

Account Recovery

APRIL 20, 2021

The House Financial Services Committee will be marking up a series of bills today, including one that was introduced last week by Rep. Maxine Waters [D-Calif.], the chairwoman of the Committee, that includes eight different bills aimed at debt collectors. The committee will be marking up H.R.

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Collections Debt collector Financial services 240

Account Recovery

DECEMBER 16, 2024

Proposed amendments to New York Citys rules governing debt collection have drawn significant scrutiny from trade groups outside the collection industry, most notably the American Financial Services Association (AFSA), which submitted a comment letter last week regarding the proposed amendments.

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Account Recovery

DECEMBER 20, 2024

ranking member of the House Financial Services Committee, this week reintroduced H.R. Maxine Waters [D-Calif.], 10509, the Comprehensive Debt Collection Improvement Act.

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Collections Fair Debt Collection Financial services 130

Account Recovery

OCTOBER 11, 2024

Over the next 30 years, Larry excelled in a variety of leadership roles, including Chief Financial Officer and Chief Operating Officer, at financial services and consumer debt companies. During his career, Larry oversaw the acquisition of over 500 receivables portfolios.

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