Account Recovery
JUNE 11, 2024
The Consumer Financial Protection Bureau today announced the next step in its plan to prohibit medical debts from being included on consumers’ credit reports, proposing a rule that would remove $49 billion of debts that are currently appearing on those reports.
American Profit Recovery
JUNE 11, 2024
By Alexis: Let be honest, when we hear “collection agency” we automatically have negative connotations. There is an unspoken stigma surrounding collection agencies and people that have accounts in collections, but what people don’t realize is there are a lot of people that have accounts in collections. Having an account in collections should not be a source of shame.
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Account Recovery
JUNE 11, 2024
A District Court judge in Alabama has partially granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that an ambiguously worded dispute letter from the plaintiff’s attorneys could have indicated to the defendant that multiple debts were being disputed instead of just one and that the defendant is […]
Consumer Finance
JUNE 11, 2024
Since the creation of the CFPB, the agency has returned $20.7 billion to consumers through law enforcement activity and created unquantifiable returns for the over 205 million Americans harmed by the illegal practices that we have stopped.
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.
Account Recovery
JUNE 11, 2024
Acquisition Leads to FDCPA Suit Over Communicating With Represented Consumer Judge Partially Grants MSJ for Defendant in FDCPA Case Over Dispute of Multiple Debts Essay Questions Whether Fed Can Fund CFPB Bills Introduced in Congress to Hold Student Loan Servicers More Accountable WORTH NOTING: The biggest announcements from yesterday’s Apple event … Apparently, there is […]
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 11, 2024
The Supreme Court may have ruled that the funding structure for the Consumer Financial Protection Bureau is constitutional, but a pair of thought leaders on risk and capital markets have published an essay wondering whether the Federal Reserve Board should be allowed to continue funding the Bureau because its appropriations are supposed to be drawn […]
Account Recovery
JUNE 11, 2024
Bills have been introduced in the House of Representatives and the Senate seeking to hold servicers of federal student loans more accountable for their actions and to further protect consumers from lower credit scores and other abuses. The Student Loan Servicers Accountability Act of 2024 is being backed by Sen. Ron Wyden [D-Ore.] and Rep.
Account Recovery
JUNE 11, 2024
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
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