Mon.Jun 03, 2024

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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.

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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.

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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?

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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.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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 […]

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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.

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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.

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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.

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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.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.