Account Recovery

NOVEMBER 8, 2024

Personal and business bankruptcy filings in the U.S. have risen significantly, reflecting the impact of inflation, rising interest rates, and the end of COVID relief programs. This trend provides important insights for professionals in the credit and collection industry as they assess the financial health of consumers and businesses. By the numbers: According to the Administrative Office of the U.S.

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Enterprise Recovery

NOVEMBER 8, 2024

As the new year approaches, businesses often must adjust their rates. These changes could be driven by factors such as inflation, increased operational costs, or the need to invest in new technologies and services. For B2B companies and SaaS providers, staying competitive and maintaining high service standards often require periodic rate evaluations.

Client Expectations 207

Client Expectations 207

Account Recovery

NOVEMBER 8, 2024

The Court of Appeals for the Ninth Circuit has affirmed a ruling in favor of a credit reporting agency sued for violating the Fair Credit Reporting Act but overturned a ruling in favor of a collection operation for allegedly violating the Fair Debt Collection Practices Act on the grounds of whether the plaintiff actually owed the debt to the creditor — a hospital.

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Fair Debt Collection Collection Agencies Collections Agency Judgment 130

BN Lawyers

NOVEMBER 8, 2024

Barron & Newburger, P.C. is pleased to announce the selection of five of its attorneys for Super Lawyers Magazine to its Super Lawyers and Rising Stars Lists for 2024 by Thompson Reuters: Francesca Di Troia — Rising Star in Civil Litigation in 2023 and 2024. Noah Fiedler – Super Lawyer in Professional Liability since 2022 Alyssa Johnson – Super Lawyer in Professional Liability, Creditor Debtor Rights, Civil Litigation since 2023, Rising Star from 2017-2022.

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Lawyers Debtor Bankruptcy Creditors 40

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

NOVEMBER 8, 2024

The Consumer Financial Protection Bureau yesterday announced an enforcement action with one of the nation’s largest credit unions for charging illegal overdraft fees that will see the institution pay $95 million in fines and restitution to members. Driving the news: Navy Federal Credit Union has been ordered by the CFPB to refund more than $80 million to consumers and pay a $15 million civil penalty for charging illegal overdraft fees on checking accounts from 2017 to 2022.

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Credit Unions Credit Unions Collections 130

Account Recovery

NOVEMBER 8, 2024

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? Call (855) WEB-RECON or email admin@webrecon.net today!

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Law Firms Collections Fair Debt Collection 130

Account Recovery

NOVEMBER 8, 2024

Collection Law Firm, Debt Buyer Sued for Sending ‘Fictitious’ Hearing Notice to Plaintiff Appeals Court Overturns Ruling for Defendant in FDCPA Case Over Medical Debt CU to Pay $95M in Fines, Restitution in Overdraft Enforcement Action with CFPB Bankruptcy Filings Surge Amid Inflation and High Interest Rates WORTH NOTING: If you’re in the market for a new cell phone, here is a list of the best ones to buy … Residents of Yemassee, S.C., are being urged to lock their doors and windows

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