Tue.Mar 26, 2024

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Debt Collection Bill Advances in Massachusetts Senate

Account Recovery

A debt collection bill advanced out of committee in the Massachusetts Senate yesterday and is expected to be voted on by the full Senate later this week that seeks to make the collection process more “fair.” The bill, S 2713, was introduced by state Sen. Jamie Eldridge.

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CFPB Takes Action to Halt False Claims of 'Free' International Money Transfers

Consumer Finance

The Consumer Financial Protection Bureau issued a new circular warning remittance transfer providers that false advertising about the cost or speed of sending a remittance transfer can violate federal law.

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Daily Digest – March 26. Suit Accuses Creditor, Collector of Not Honoring Settlement Agreement; Judge Grants MSJ for Defense in FDCPA Case Over Unitemized Debts in Letter

Account Recovery

Suit Accuses Creditor, Collector of Not Honoring Settlement Agreement Judge Grants MSJ for Defense in FDCPA Case Over Unitemized Debts in Letter Debt Collection Bill Advances in Massachusetts Senate RCM Firm Settles Data Breach Class Action for $7M WORTH NOTING: The benefits of cold therapy might not be as robust as people claim, according to […]

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CFPB Toma Acción para Detener Falsa Promesas de Transferencias Internacionales de Dinero “Gratis”

Consumer Finance

La CFPB les advierte a los proveedores de transferencias de remesas no hacer falsas declaraciones sobre el costo y la velocidad de sus servicios.

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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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RCM Firm Settles Data Breach Class Action for $7M

Account Recovery

A revenue cycle management company has agreed to a $7 million settlement in a class action lawsuit that it faced after one of its employees inadvertently uploaded and exposed the personal information of 136,000 individuals on the public-facing portion of GitHub for more than a year.

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Suit Accuses Creditor, Collector of Not Honoring Settlement Agreement

Account Recovery

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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5 Tips for Drafting M&A Closing Checklists

Jimerson Firm

In the complex and fast-paced world of business mergers and acquisitions (M&A), the creation of a comprehensive closing checklist is crucial. The closing checklist serves as a deal roadmap, ensuring that all critical steps are taken, and no detail is overlooked. A well-prepared closing checklist can significantly streamline the closing process, minimize risks, facilitate discussions, and get the parties working together to close the deal.

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Judge Grants MSJ for Defense in FDCPA Case Over Unitemized Debts in Letter

Account Recovery

A District Court judge in Kentucky has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling the collection letter that was sent to the plaintiff did not misrepresent that eight different debts had been aggregated into one, mainly because the plaintiff was provided with an itemized breakdown of […]

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Prepared Remarks of CFPB Director Rohit Chopra for CBA Live

Consumer Finance

Director Chopra provided remarks at CBA Live on March 26, 2024.

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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.