Tue.Mar 26, 2024

article thumbnail

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.

article thumbnail

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.

117
117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 […]

Creditors 147
article thumbnail

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.

79
article thumbnail

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?

article thumbnail

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.

More Trending

article thumbnail

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?

Creditors 130
article thumbnail

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.

article thumbnail

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 […]

article thumbnail

Prepared Remarks of CFPB Director Rohit Chopra for CBA Live

Consumer Finance

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

52
article thumbnail

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.