Wed.Aug 07, 2024

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CFPB Takes Action Against Credit Repair Cloud and CEO Daniel Rosen for Enabling Credit Repair Companies that Harvest Illegal Fees

Consumer Finance

The CFPB filed a proposed order to resolve its lawsuit against Credit Repair Cloud and CEO Daniel Rosen for assisting businesses that charge illegal advance fees to consumers.

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22 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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Judge Grants Partial Summary Judgment to Both Sides in FDCPA Case Over Judgment

Account Recovery

A District Court judge in Nevada has granted partial summary judgment to both the plaintiff and the defendant in a Fair Debt Collection Practices Act case, ruling that while the defendant’s actions in obtaining a default judgment were improper, the subsequent attempts to collect the debt were permissible under the law.

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Bill Banning Social Media Debt Collection Passes N.Y. Legislature

Account Recovery

A bill is before New York Gov. Kathy Hochul, that if signed, would prohibit the use of social media platforms to collect debts, for creditors or the collection agents working on their behalf. The bill pass both houses of the New York legislature back in June.

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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.

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Judge Sanctions Plaintiff’s Attorneys for ‘Campaign of Deception’ Related to Dispute Letter Forgeries

Account Recovery

When writing summaries of legal rulings, I usually try to find a quote from the judge, to either summarize the situation or provide color or because what the judge wrote was funny or clever.

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Harris & Harris Announces Acquisition of The CMI Group

Account Recovery

Chicago, IL, August 06, 2024 — Harris & Harris (the “Company”), a leader in accounts receivable management and customer care, today announced the acquisition of The CMI Group (“CMI”), an accounts receivables management and customer care firm, located in Dallas, TX.