Thu.May 16, 2024

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Supreme Court Says CFPB Funding Structure is Constitutional

Account Recovery

The Supreme Court ruled today that the funding structure of the Consumer Financial Protection Bureau is constitutional and does not need to change. Had the ruling gone the other way, there was the possibility that the CFPB could have been de-funded.

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CFPB Sues SoLo Funds for Deceiving Borrowers and Illegally Extracting Fees

Consumer Finance

The CFPB sued SoLo Funds, which runs a peer-to-peer lending platform, for lying to borrowers and deceiving them about the total cost of loans.

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Daily Digest – May 16. Getting to Know Fred Landrum of NRA Group; Judge Grants MJOP for Defendant in FDCPA Case Over Responding to Alleged Cease Letter

Account Recovery

Getting to Know Fred Landrum of NRA Group Judge Grants MJOP for Defendant in FDCPA Case Over Responding to Alleged Cease Letter Spring Oaks to Open Second Office in Albuquerque New Call Scanning Tech from Google Raising Eyebrows WORTH NOTING: As the temperatures rise, more people are looking for things to do outdoors — here […]

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TV Soap legend being chased for £100k debt

UK debt collections

Former Coronation Street legend Beverley Callard is currently under investigation after her acting firm failed to settle a £100,000 tax bill. The Liz McDonald star, 67, is under investigation by the HMRC after failing to pay £215,000 in debts, according to The Mirror. Beverley and her husband Jon McEwan launched the company in 2020 when she left top soap Coronation Street to supplement their income.

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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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Spring Oaks to Open Second Office in Albuquerque

Account Recovery

Debt buyer Spring Oaks Capital Corp. has announced plans to expand and will open a second corporate office in Albuquerque, with plans to hire 200 employees to work there. Spring Oaks is based in Chesapeake, Va.

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Getting to Know Fred Landrum of NRA Group

Account Recovery

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

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CFPB Demanda a SoLo Funds por Engañar a Prestatarios y Extraer Fondos Ilegalmente

Consumer Finance

CFPB demanda a SoLo Funds, una plataforma de préstamos persona a persona, por mentirles a sus prestatarios y engañarlos acerca del verdadero costo de sus préstamos.

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Judge Grants MJOP for Defendant in FDCPA Case Over Responding to Alleged Cease Letter

Account Recovery

A District Court judge in North Carolina has granted a defendant’s motion for a judgment on the pleadings in a Fair Debt Collection Practices Act case, ruling that the defendant did not violate the statute when it responded to the plaintiff’s dispute and refusal to pay with validation information.

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5 Tips for Drafting Representations and Warranties for M&A Deals

Jimerson Firm

Representations and warranties are more than just legal formalities in business mergers and acquisitions (M&A) and deserve careful attention when drafting and negotiating these terms. Representations and warranties are essentially statements made by each party (most importantly, Sellers) about the general state of affairs, including statements about the party’s financial health, assets, and legal compliance.

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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.

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New Call Scanning Tech from Google Raising Eyebrows

Account Recovery

Privacy experts are sounding alarms warning of censorship after Google announced this week that it will install software on Android phones to scan what is being said on calls in real time as a means of trying to protect consumers from being scammed.

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The Impact of Debt Collection Services on Customer Relationships

JMA

When it comes to debt collection, many small to medium-sized business owners worry about the potential negative impact on customer relationships. The perception of aggressive tactics and relentless pursuit can create a cloud of apprehension. However, understanding the realities and best practices of reputable debt collection agencies can not only alleviate these concerns but also.

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What Makes Some Debt Recovery Efforts More Successful Than Others?

JMA

For small to medium-sized businesses, unpaid invoices can pose significant financial challenges. The likelihood of recovering debt depends on several factors, ranging from the debtor’s financial situation to the strategies employed by the business or debt collection agency. Understanding these factors can help businesses increase their chances of successful debt recovery.