Mon.Jun 03, 2024

article thumbnail

CFPB Sues PHEAA For Collecting on Discharged Student Loans

Account Recovery

The Consumer Financial Protection Bureau on Friday announced it had filed a lawsuit against the Pennsylvania Higher Education Assistance Agency (PHEAA), alleging that PHEAA illegally collected on student loans that had been discharged in bankruptcy and provided false information to credit reporting companies.

article thumbnail

CFPB Warns Against Deception in Contract Fine Print

Consumer Finance

The CFPB today issued a circular warning against the use of unlawful or unenforceable terms and conditions in contracts for consumer financial products or services.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Digest – June 3. Judge Grants MSJ for Defense in FDCPA Case Over Dispute Request; CFPB Sues PHEAA For Collecting on Discharged Student Loans

Account Recovery

Judge Grants MSJ for Defense in FDCPA Case Over Dispute Request CFPB Sues PHEAA For Collecting on Discharged Student Loans Should You Text Before Calling First?

article thumbnail

Small Businesses owed £23k on average amid rising energy bills

UK debt collections

Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners. Late payments totalled £22,700 for the average small business, with at least one overdue invoice in May, representing a 6% year-on-year rise. This amounts to 65% of their average monthly turnover, new data from accounting software Intuit QuickBooks showed.

article thumbnail

Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

article thumbnail

Judge Grants MSJ for Defense in FDCPA Case Over Dispute Request

Account Recovery

A District Court judge in Oregon has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices act case, ruling the plaintiff’s requests when seeking validation of the debt fell outside the scope of what the defendant had to provide and that the defendant did not validate the statute by sending the […]

More Trending

article thumbnail

Should You Text Before Calling First?

Account Recovery

Should collectors send text messages to consumers before calling them, letting the consumer know that a phone call is coming? Some collectors are using this strategy and having some success with it. There may be a reason for that.

article thumbnail

CFPB Advierte Contra Engaños Escondidos en la Letra Pequeña de los Contratos

Consumer Finance

La CFPB publica circular advirtiendo acerca del uso de términos y condiciones ilegales o incumplibles en contratos de productos o servicios financieros.

article thumbnail

Compliance Digest – June 3

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

130
130
article thumbnail

Partner Thomas Martin to attend Conference of Freight Counsel this summer

Price Meese

Price Meese Partner, Thomas C. Martin, Esq. is happy to attend the upcoming summer meeting of the Conference of Freight Counsel being held this year at Quebec City, Quebec, Canada. The Conference of Freight Counsel addresses and reviews recent case law affecting national and international transport of freight, transportation trends, and the legal impact of case law and newly created regulations affecting the transportation industry.

52
article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.