Wed.Apr 17, 2024

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Judge Dismisses ‘Convenient Communication’ Case for Lack of Standing

Account Recovery

It might not be a ruling on the merits of the plaintiff’s claim, but a District Court judge in New York has dismissed a Fair Debt Collection Practices Act “only convenient way to communicate” case on the grounds the plaintiff did not suffer a concrete injury and does not have standing to sue.

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. Instead, you pay a repayment plan over three to five years. While Chapter 13 is effective for debt relief, many worry about how this filing method may negatively affect their credit scores.

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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2024 Fintech baropaper: Connecting generations on the path to digital transformation

On Guard

Each year, Onguard examines how financial professionals view current trends and developments, such as financial technologies, digital transformation, AI, and new payment methods. This study, titled the FinTech Barometer, has been conducted for the seventh time this year. A total of 304 finance professionals participated in the survey, of which 212 were working in financial management and 92 were financial employees.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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CFPB Updates Rule For Supervising Nonbanks

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a final rule updating its processes for how it identifies and designates non-banks for supervision. The rule was issued as a result of organizational changes at the Bureau, the CFPB said.

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Daily Digest – April 17. Judge Dismisses ‘Convenient Communication’ Case for Lack of Standing; Mass. AG Releases Guidance on Use of AI

Account Recovery

Judge Dismisses ‘Convenient Communication’ Case for Lack of Standing Mass.