Account Recovery

FEBRUARY 21, 2025

Collector Accused of Not Investigating Dispute Judge Dismisses FDCPA Case Over Text Message for Second Time Latest Developments in Fight Over CFPBs FutureLatest Developments in Fight Over CFPBs Future The Growing Importance of Customer Experience in Banking WORTH NOTING: The Internal Revenue Service is cutting 6,000 jobs in the middle of tax season (..)

Government 147

Government Banks 147

Account Recovery

AUGUST 23, 2021

The Chief Executive of one of the nation’s largest student loan servicing companies is being accused of lying in testimony before Congress, as the companies winds down its operations servicing student loans on behalf of the federal government.

Student Loans 246

Student Loans Student loans Loans Education 246

Albuquerque Law

APRIL 6, 2022

The federal government has many programs available to assist citizens and their families if they face financial hardships. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same amount of debt as those who did not participate in such benefit programs.

Government 90

Government Bankruptcy Banks 90

Account Recovery

JUNE 4, 2024

This registry will track companies subject to federal, state, or local government or court orders, helping to identify repeat offenders and trends in recidivism. […]

Banks 130

Banks Government 130

Troutman Sanders

SEPTEMBER 13, 2022

On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big techs partnerships and their forays into payment and lending could lead to increased risk for the banking industry. “My A copy of his remarks, made at the Clearing House Association and Bank Policy Institute’s Annual Conference , can be found here.

Banks 98

Banks Manufacturing Acquisition Government 98

Fico Collections

JANUARY 11, 2022

Last year we published a highly successful The 11 Commandments of Digital Banking eBook that introduced the 11 commandments: Digital lift-and-shift is not a strategy! In addition to a new blog post that will be published monthly over 5 months, we are also excited to launch the following event: LinkedIn Live on Digital Banking.

Banks 98

Banks Financial Institution Financial services Government 98

Payment Savvy

AUGUST 3, 2023

A Bank Identification Number (BIN) is the first four or six numbers found on any debit or credit card. Since online banking systems have become more popular and virtual cards have become a norm, BIN numbers aren’t necessarily bank-issued. As we’ve mentioned earlier, banks aren’t the sole authority to issue a card.

Banks 98

Banks Financial Institution Retrieval Healthcare 98

Public Citizen

JUNE 29, 2021

This might have been the seller or manufacturer of the fraudulent product of service; a provider of payment services such as a credit card company, a bank or another payment service; a Better Business Bureau; or a government agency. About 12 percent complained to a credit card company, a bank, or some other payment service provider.

Government 80

Government Manufacturing Trade Banks 80

Credit Corp

JUNE 3, 2021

Can debt collectors take money from your bank account to offset debts you owe them? How to Open a Bank Account That No Creditor Can Touch. In truth, it’s fairly rare to have a bank account that no creditor can touch. Accounts containing government benefits. Unfortunately, the answer is yes. Try ExtraCredit.

Debt collector 92

Debt collector Banks Garnishment Creditors 92

UK debt collections

JULY 22, 2021

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them.

Collection Agent 82

Collection Agent Banks Loans Collections 82

Credit Corp

NOVEMBER 5, 2021

Did you know that many traditional banks use your deposits to fund companies that may not align with your values? Fortunately, there’s a simple solution: switching to a socially responsible bank that puts money in causes you believe in. How do you know if a bank is socially responsible? If you didn’t, you’re not alone.

Banks 76

Banks Credit Unions Credit Unions Financial Institution 76

Credit Corp

AUGUST 18, 2021

Thinking it’s time to break up with your bank? Unfortunately, some banks don’t make the process as simple as they could. This leads many people to keep unused bank accounts much longer than they should. Each bank has a different policy for closing out accounts. Transfer it to a new bank account.

Banks 76

Banks Government Loans 76

Prosperity Now

NOVEMBER 7, 2023

In late October, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule updating the regulations governing the CRA—the first such reform in over 25 years.

Banks 116

Banks Government 116

Troutman Sanders

SEPTEMBER 5, 2023

government sanction programs impact payment processors, banks, and the payments industry in general. Keith, Rich, and Christy discuss the current atmosphere of sanctions in the payments industry and the recent joint guidance issued to banks by the OCC, the Fed, and FDIC.

Government 52

Government Banks 52

UK debt collections

DECEMBER 6, 2022

The government is to review worsening UK Small Business late payments it has been announced. The government also urged larger businesses to pay their suppliers promptly. Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts.

Government 59

Government Lender Collections Banks 59

Account Recovery

JULY 26, 2023

In an announcement that is likely to have every creditor — especially those in the financial services industry — reaching out to their third-party partners, the Office of the Comptroller of the Currency yesterday announced that American Express National Bank has paid a $15 million fine for not properly governing or overseeing how a third-party (..)

Financial services 130

Financial services Creditors Government Banks 130

Troutman Sanders

DECEMBER 20, 2023

A group of non-profit consumer advocacy organizations, the Conference of State Bank Supervisors, and the American Association of Residential Mortgage Regulators filed two separate briefs asking the U.S. The case arose out of the plaintiffs’ home mortgage loans with the defendant. On September 15, 2022, the U.S. On October 13, the U.S.

Banks 59

Banks Government Loans Lawyers 59

FFGN COLLECT NY

MAY 8, 2024

In addition to refunding the monies, the bank also had to pay penalties for the unlawful freezing of the bank accounts. Between 2016 and 2022, Pathward wrongfully froze 1,400 bank accounts belonging to New Yorkers. The laws also prohibit banks from freezing accounts with protected wages, a set amount based on minimum wage.

Banks 52

Banks Debt collector Judgment Creditors 52

True Accord

OCTOBER 22, 2024

The government has also reported that the economy expanded at a solid 3% annual rate Q2, with growth expected to continue at a similar pace in Q3. Finally, the CFPB published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees without having proof they obtained customers’ consent.

Student Loans 108

Student Loans Student loans Loans Retail 108

Collection Industry News

JUNE 24, 2024

LONDON, June 30 (Reuters) – The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets. Global government debt is already at record levels and elections ranging from the U.S. “You really want to avoid that.”

Government 40

Government Banks Collections 40

Nerd Wallet

JULY 27, 2022

When the 2008 financial crisis roiled banks, the federal government jumped in with an enormous bailout effort. The government is by the people and for the people, after all. So bailing out banks meant that. Two years later, Congress slapped the industry with a sweeping set of reforms and important consumer protections.

Government 95

Government Banks 95

Nexa Collect

NOVEMBER 1, 2021

government regulatory bodies treat cryptocurrencies differently. government earlier before? government’s crypto holdings. government auctioned more than $21,000 of bitcoin, litecoin, and bitcoin cash to compliance tax liability. In this way, the payer’s bank initiates payment to the merchant’s bank.

Debtor 130

Debtor Creditors Government Banks 130

Credit Corp

APRIL 2, 2024

You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. As you’re reviewing your options, you may see some claims that credit unions are better than banks. Why is a credit union better than a bank for some people? What Is a Credit Union? Retirement accounts.

Credit Unions 59

Credit Unions Credit Unions Banks Personal loans 59

Troutman Sanders

JULY 20, 2023

There are 35 early adopter banks and credit unions, with the idea being that FedNow will eventually be adopted by the majority of banks and credit unions in the U.S. Financial institutions will provide their customers with access to the instant payments through new features on their mobile apps and banking websites.

Banks 52

Banks Credit Unions Credit Unions Financial Institution 52

UK debt collections

OCTOBER 27, 2022

The boss of Santander UK says the bank is putting aside more money for potential unpaid mortgage debt defaults linked to the cost of living crisis. While banks such as Santander UK increased provisions for potential defaults during the Covid crisis, most were eventually reversed when pandemic restrictions were eased.

Banks 59

Banks Loans Lender Government 59

Credit Corp

JUNE 1, 2023

An ACH transfer is an electronic method of moving money from one bank to another via the Automated Clearing House (ACH). ACH transfers are a form of electronic fund transfers that move money between banks. ACH credits are often safer because your bank account details are hidden. However, this does not influence our evaluations.

Banks 98

Banks Government Financial Institution Credit Unions 98

Credit Corp

DECEMBER 4, 2023

Key Takeaways Certificates of deposit (CDs) are savings accounts that brokerage firms, commercial banks, credit unions, and other financial institutions offer for set amounts of time. Inflation, trends in the banking industry, and government policies can impact CD rates. Table of contents: What Is a CD? How Does a CD Work?

Financial Institution 102

Financial Institution Credit Unions Credit Unions Banks 102

Burr Forman

AUGUST 19, 2021

Paul Durdaller – Atlanta, Litigation and Banking and Finance. Paul Durdaller – Litigation, Banking and Finance. Ed Snow – Banking and Finance Law, Commercial Finance Law, Securitization and Structured Finance Law. Damon Denney – Banking and Finance Law, Commercial Finance Law, Real Estate Law. William Daniels, Jr.

Lawyers 105

Lawyers Construction Acquisition Bankruptcy 105

Troutman Sanders

AUGUST 15, 2023

On August 8, the Federal Reserve Board (Fed) issued a press release providing additional information on its Novel Activities Supervision Program (Program) to monitor novel activities in the banks it oversees. This includes all manner of the growing number of customer-facing banking as a service (or BAAS) partnerships.

Banks 52

Banks Collateral Trade Government 52

Consumer Finance

SEPTEMBER 6, 2023

The CFPB published a new issue spotlight highlighting the impacts of Big Tech companies’ policies and practices that govern tap-to-pay on mobile devices like smartphones and watches.

Government 141

Government Financial services Banks 141

American Profit Recovery

JULY 27, 2020

A healthy jobs market, business spending, banks lending money as well as consumer spending. Local Government. We always complain about our taxes and fees and wonder why our government cannot manage a budget. There are many activities that help boost our economy. I really appreciate all your help.

Collections 157

Collections Government Debt collector Collection Agencies 157

Fico Collections

APRIL 24, 2023

Trust Bank is setting a precedent for financial services by onboarding an individual and delivering a credit card to them digitally on their phone within four minutes, creating a seamless digital onboarding process for new customers. For its achievements, Trust Bank won a 2023 FICO® Decisions Award for Customer Onboarding & Management.

Banks 52

Banks Startups Financial services Government 52

Troutman Sanders

JULY 13, 2023

Please join Troutman Pepper Partners Chris Willis and Lori Sommerfield, along with American Association of Bank Directors (AABD) President David Baris, for a special announcement about the recently published second edition of the Practical Handbook on Fair Lending for Bank Directors and Executive Officers (AABD Handbook).

Banks 52

Banks Law Firms Education Government 52

Nexa Collect

OCTOBER 31, 2022

Government. Industrial. Optometrists. Repair Services. Waste Management. Funeral Services. Business Services. Farm Supply. Auto Dealers. Telephone Communications. Member Organizations. Elementary/ High School. Manufacturing. Pharmaceutical. Wholesale, Durable. Social Services Misc. Real Estate Management. Computer Services. Bail Bonds.

Credit Unions 130

Credit Unions Credit Unions Manufacturing Collection Agencies 130

Nexa Collect

JANUARY 19, 2022

Repercussions can include wage garnishment, frozen bank account and other assets. Collection agencies have a significant role in protecting businesses, and even the government has laws and provisions that can be followed to recover accounts receivable. Not every case lands in court. Image source: [link].

Collections 130

Collections Debt collector Collection Agencies Collections Agency 130

Nexa Collect

APRIL 27, 2022

Most doctors (and dentists) who do private practice, struggle to cope with never-ending government regulations and mandates, a constant fear of frivolous lawsuits, dealing with insurance companies, and loss due to unpaid patient bills. These include government rules, credit scoring models and even credit bureaus.

Healthcare 130

Healthcare Credit Unions Credit Unions Creditors 130

Payment Savvy

MAY 16, 2023

Our current era has been shaped by digitization with a fundamental impact on all sectors, including banking and finance, where it has brought unprecedented convenience, security, and efficiency. Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts.

Financial Institution 94

Financial Institution Banks Credit Unions Credit Unions 94