Account Recovery
AUGUST 25, 2023
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?
Troutman Sanders
AUGUST 25, 2023
Earlier this month, the California Department of Financial Regulation and Innovation (CA DFPI) announced a new rule expanding the definition of unfair, deceptive and abusive acts and practices (UDAAP) to commercial financing. Specifically, the rule makes it unlawful “for a covered provider to engage or have engaged in any unfair, deceptive, or abusive act or practice in connection with the offering or provision of commercial financing or another financial product or service to a covered entity.
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Account Recovery
AUGUST 25, 2023
The Court of Appeals for the Second Circuit has overturned a lower court’s dismissal of a case in which it determined the plaintiff lacked standing to sue, ruling that the threat of potential future harm — at least in the context of a data breach and identity theft — is sufficient for the plaintiff to […]
Collection Industry News
AUGUST 25, 2023
WASHINGTON — The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing [1] for the July – September 2023 and October – December 2023 quarters. During the July – September 2023 quarter, Treasury expects to borrow $1.007 trillion in privately-held net marketable debt, assuming an end-of-September cash balance of $650 billion. [2] The borrowing estimate is $274 billion higher than announced in May 2023, primarily due to the lower b
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
AUGUST 25, 2023
A District Court judge in New York has adopted recommendations from a Magistrate Court judge and certified a class in a Fair Debt Collection Practices Act case that has been going on for nearly a decade. A copy of the ruling in the case of McCrobie v. Palisades Acquisition XVI et al.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
AUGUST 25, 2023
In a development that was first reported by ACA International, the Nevada Financial Institutions Divisions is seeking feedback on the impact of forthcoming regulations related to a new licensing law that was enacted in the state. A copy of the questionnaire can be accessed by clicking here.
Account Recovery
AUGUST 25, 2023
Collector Facing Class-Action for Allegedly Not Identifying Current Creditor in MVN Appeals Court Rules Risk of Future Harm Sufficient for Standing Judge Certifies Class in FDCPA Case Over Attempts to Enforce Judgment NFID Seeks Feedback on Upcoming Licensing Regs CAS Advises on 9th M&A Transaction in 2023 WORTH NOTHING: How to build your own go-bag, […]
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