Account Recovery

JULY 17, 2024

The Court of Appeals for the Sixth Circuit has upheld the dismissal of an Electronic Funds Transfer Act case filed by a credit union against T-Mobile, in which the credit union sought to be reimbursed for funds lost by its customers in a cellphone scheme that was perpetrated against the telecom company.

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Account Recovery

MARCH 28, 2024

A District Court judge in West Virginia has denied a motion to dismiss filed by a credit union that is facing a class-action lawsuit for violating the West Virginia Consumer Credit and Protection Act by charging a $5 fee to make payments over the telephone, ruling the credit union is a debt collector under the […]

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Account Recovery

APRIL 18, 2024

Getting to Know Eddie Antoniewicz of Royal Credit Union Judge Dismisses FDCPA Suit Over Collection Disclaimer Pathward Bank to Pay $700k in Fines, Penalties For Seizing Funds Paid to Debt Collectors CFPB Fines Vocational School for Deceiving Students, Hiding Finance Charges WORTH NOTING: What you eat during the day can have an impact on how […] (..)

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Credit Unions Credit Unions Debt collector Collections 147

Consumer Finance

OCTOBER 30, 2024

The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.

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Credit Unions Credit Unions Banks 125

Nerd Wallet

DECEMBER 9, 2020

We scoped out some of the best banks and credit unions in California. The article 7 Best Banks and Credit Unions in California originally appeared on NerdWallet. California has no shortage of alternatives. We included online options with top interest rates to help. Alice Holbrook writes for NerdWallet.

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Credit Unions Credit Unions Banks 105

Credit Corp

JUNE 3, 2020

Mortgage brokers , online mortgage lenders , and credit unions also originate mortgage loans. Credit unions and other non-banks are gaining in popularity for mortgage originations. In fact, credit unions accounted for 9% of all mortgage originations in 2017. Easier Approval. Lower Rates.

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Credit Unions Credit Unions Banks Loans 98

Nerd Wallet

DECEMBER 9, 2020

See a summary of our picks Best Banks and Credit Unions in New York Chase Bank: Excellent. The article 7 Best Banks and Credit Unions in New York originally appeared on NerdWallet. Which is right for you? Here are seven of the best banks in New York. + Alice Holbrook writes for NerdWallet.

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Nerd Wallet

DECEMBER 9, 2020

They might be thinking about the weather, but Florida residents also have access to many excellent banks and credit unions. Check out some of NerdWallet’s best banks and credit unions nationwide Suncoast Credit Union Checking and savings. Here are a few favorites. Alice Holbrook writes for NerdWallet.

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Nerd Wallet

JULY 26, 2021

When you’re frequently bombarded with ads for credit cards at big banks, it’s easy to overlook credit cards at a local credit union. Major credit card issuers generally don’t have these requirements. Major credit card issuers generally don’t have these requirements. But while the. But while the.

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Account Recovery

APRIL 18, 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. I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024.

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Credit Unions Credit Unions Collections 147

Prosperity Now

APRIL 19, 2021

The interviews with credit unions that informed this blog were made possible thanks to the support of Inclusiv whose mission

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Credit Unions Credit Unions 96

Nerd Wallet

FEBRUARY 14, 2022

This week’s episode starts with a discussion about credit unions. The article Smart Money Podcast: Credit Union Perks, and Getting Into the Housing Market originally appeared on NerdWallet. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. Liz Weston writes for NerdWallet.

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Account Recovery

APRIL 25, 2022

Miller will be tasked with supporting the existing sales team in the core industries of accounts receivables management, online lending, banks and credit unions, … The post VoApps hires Kirby Miller as Chief Revenue Officer to Lead Strategic Growth appeared first on AccountsRecovery.net.

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Credit Unions Credit Unions Accounts Receivables Management Banks 246

Nerd Wallet

MARCH 10, 2023

The article Ride Out Fed Rate Hikes at a Credit Union originally appeared on NerdWallet. Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena.

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Account Recovery

NOVEMBER 4, 2024

A District Court judge in Pennsylvania has denied a credit union’s motion to dismiss a claim that it violated the FDCPA after the plaintiff was scammed out of nearly $5,000, ruling that the credit union could potentially be liable under the FDCPA because of its role in attempting to collect on a fraudulent debt.

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Credit Unions Credit Unions Fair Debt Collection Loans 130

Consumer Finance

FEBRUARY 15, 2024

The Consumer Financial Protection Bureau (CFPB) today reported on the first set of results from the newly updated Terms of Credit Card Plans survey.

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Credit Unions Credit Unions Banks Financial services 145

Collection Industry News

JUNE 5, 2022

The Consumer Financial Protection Bureau (CFPB)’s decision to establish supervisory powers over nonbank financial institutions will level the playing field and subject those companies to much-needed scrutiny, credit union trade groups informed the agency Tuesday. Response From Credit Union Trade Groups.

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Nerd Wallet

APRIL 5, 2021

A credit union can be a good choice for a business account if there are locations near you and you can qualify to join. But be sure to compare credit union business accounts with those at the best banks for. The article 6 Best Credit Unions for Business Accounts in 2021 originally appeared on NerdWallet.

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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?

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Credit Unions Credit Unions Banks Personal loans 59

Account Recovery

NOVEMBER 8, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action with one of the nation’s largest credit unions for charging illegal overdraft fees that will see the institution pay $95 million in fines and restitution to members. Approximately $80.2 Learn more.

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In the Red

NOVEMBER 2, 2021

The Committee Note clarifies that this provision does not apply to credit unions because they’re covered by National Credit Union Administration insurance instead of FDIC insurance. Although a minor change, it’s a good reminder of the special service rules that apply to FDIC insured depository institutions.

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Nerd Wallet

JUNE 21, 2022

With favorable rates, many funding options and strong customer support, a credit union can be a good choice for a business loan. Yet just 8% of small-business owners applied for financing at credit unions, according to a 2022 report from the Federal Reserve. For example, Tina Orem writes for NerdWallet.

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Credit Unions Credit Unions Loans 63

Consumer Finance

OCTOBER 4, 2023

The Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council.

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Credit Unions Credit Unions Banks 142

Account Recovery

MARCH 28, 2024

Getting to Know Joel Blackburn of Cornerstone Licensing Judge Denies Defendant’s MJOP in FDCPA Case Over Tax Debt Judge Denies MTD, Rules Credit Union Meets WVCCPA Definition of ‘Debt Collector’ in Convenience Fee Case CFPB Issues Guidance Over ‘Free’ Money Transfers, Claims of How Fast Funds Are Available WORTH NOTING: What life is like for […] (..)

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Credit Unions Credit Unions Debt collector 147

Account Recovery

FEBRUARY 20, 2024

Three days after the Consumer Financial Protection Bureau released a report indicating that large banks are offering higher credit card interest rates to consumers than smaller banks and credit unions, one of the nation’s largest credit card issues — Capital One — announced it was buying another of the nation’s largest issuers (..)

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Credit Unions Credit Unions Banks 147

Troutman Sanders

SEPTEMBER 25, 2023

On August 1, the two major national credit union trade associations — the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA) — announced plans to merge and create a new organization called America’s Credit Unions.

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Credit Unions Credit Unions Trade Banks 52

Account Recovery

OCTOBER 31, 2024

The Supreme Court of New Mexico has ruled that employees of a credit union engaged in the unauthorized practice of law by filing collection lawsuits to recover unpaid debts.

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Credit Unions Credit Unions Judgment Collections 130

Account Recovery

OCTOBER 6, 2023

The Consumer Financial Protection Bureau yesterday announced the newest round of appointments to its Consumer Advisory Board, Community Bank Advisory Counsel, Credit Union Advisory Counsel, and Academic Research Council, and once again, the accounts receivable management industry is on the outside looking in.

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Credit Unions Credit Unions Accounts Receivables Management Banks 147

Consumer Finance

OCTOBER 10, 2023

The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion regarding a provision enacted by Congress which generally prohibits large banks and credit unions from imposing unreasonable obstacles on customers, such as charging excessive fees, for basic information about their own accounts.

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Banks Credit Unions Credit Unions Financial services 143

Troutman Sanders

NOVEMBER 2, 2023

As discussed here , on August 1, the two major national credit union trade associations — the National Association of Federal Credit Unions (NAFCU) and the Credit Union National Association (CUNA) — announced plans to merge and create a new organization called America’s Credit Unions.

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Credit Unions Credit Unions Trade Banks 52

Account Recovery

JULY 17, 2024

Judge Awards Defendant $4k in Fees and Costs After Plaintiff Misses Deposition FCC Proposes Rule Requiring Disclosure for AI-Generated Calls Appeals Court Affirms Dismissal of EFTA Suit Filed by Credit Union Against T-Mobile 23 Companies Seeking Collection Talent WORTH NOTING: Drinks to help you stay cool as temperatures heat up … The five most (..)

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Credit Unions Credit Unions Collections 130

Consumer Finance

DECEMBER 18, 2023

The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees, despite recent changes implemented by banks and credit unions that have eliminated billions of dollars in fees charged each year.

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Credit Unions Credit Unions Banks 138

Nerd Wallet

SEPTEMBER 14, 2020

Editor’s note, March 23, 2020: Many banks and credit unions are temporarily waiving ATM fees in response to widespread financial distress caused by the coronavirus situation. To find out if your bank or credit union is one of them, call its customer service line. Want to save some money each time you use the ATM?

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Banks Credit Unions Credit Unions 105

Nerd Wallet

MARCH 9, 2021

See a summary of our picks for best online banks Best Online Banks of 2021 Synchrony Bank Varo Chime Alliant Credit Union Marcus by Goldman Sachs Ally Bank Discover Bank Nationwide TAB Bank GoBank UFB Direct Radius Online banks and banking service providers offer desktop and mobile banking services without physical branches.

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Banks Credit Unions Credit Unions 119

Troutman Sanders

AUGUST 15, 2023

This filing comes just three days after CUNA and the National Association of Federally-Insured Credit Unions (NAFCU) sent a joint letter to the CFPB urging it to stay enforcement and implementation of the Final Rule for all covered financial institutions until after the U.S.

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Account Recovery

OCTOBER 11, 2024

The credit and collection sector could be next. Why it matters: As collection agencies, debt buyers, fintechs, banks, and credit unions seek to improve consumer engagement, LLMs offer a potential solution for more natural and effective communication.

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Credit Unions Credit Unions Collections Fair Debt Collection 130

Troutman Sanders

AUGUST 9, 2023

Given the effect of the [injunction order] on the overall distribution of compliance burdens across the financial sector, we ask that you consider broader relief.”

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