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CFPB Orders Remittance App Provider to Pay $3M for ‘Cheating’ Consumers

Account Recovery

The Consumer Financial Protection Bureau yesterday entered into a consent order with a fintech company that operates a remittance transfer app that will see the company pay $3 million in fines and refunds to customers after it was accused of forcing customers to waive their legal rights, failing to provide required disclosures, and failing to […] (..)

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Navigate Debt Recovery with Confidence: Your Guide to Debt Collection Queensland

JMA

In this article, we have put together essential information on navigating the regulated environment of debt collection Queensland, from understanding your legal rights to enforcing debt recovery and choosing a reliable collection agency. Are you facing the challenge of collecting a business debt in Queensland?

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What Is a UCC Filing?

Nerd Wallet

A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower’s collateral in the case of default. UCC filings can cover a specific piece of. Email: rkriss@nerdwallet.com.

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What New Debt Collector Rules Mean for You

Nerd Wallet

adults with debt in collections, knowing their legal rights is crucial. Working with third-party debt collectors can be confusing and scary. For the more than 68 million U.S. The Fair Debt Collection Practices Act covers third-party debt collectors — those who buy a delinquent debt from an original creditor, like a credit card company.

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Redefining Banking: A Conversation on the CFPB’s Proposed 1033 Rule

Troutman Sanders

This may necessitate significant architectural changes and costs, but ensures consumers’ legal right to share their data without incurring unnecessary fees. The proposed 1033 rule requires financial institutions, starting with the largest, to make consumer data, including bill pay data, accessible to third parties and consumers.

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Statement of CFPB Director Rohit Chopra on Proposed Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions that Seek to Waive or Limit Consumer Legal Protections

Consumer Finance

CFPB Director Chopra’s statement on the proposed registry of contract terms used by supervised nonbank financial companies to prevent negative reviews or to limit consumers’ legal rights and protections.

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4 Tips for Drafting a Fair and Balanced Subcontractor Agreement

Jimerson Firm

By ensuring the subcontractor agreement comprehensively covers the rights and remedies of the parties in the event of a breach, the subcontractor agreement can offer protections and solutions to both parties that may extend beyond the standard legal rights otherwise afforded to the parties, which are not always a good fit.