Fri.Nov 08, 2024

article thumbnail

Managing Client Expectations for Rate Changes in the New Year

Enterprise Recovery

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.

article thumbnail

CU to Pay $95M in Fines, Restitution in Overdraft Enforcement Action with CFPB

Account Recovery

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Barron & Newburger attorneys selected as Super Lawyers and Rising Stars

BN Lawyers

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.

Lawyers 40
article thumbnail

Bankruptcy Filings Surge Amid Inflation and High Interest Rates

Account Recovery

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.

article thumbnail

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.

article thumbnail

Barron & Newburger, P.C. recognized in Milwaukee and Austin for Best Law Firm

BN Lawyers

Barron & Newburger, P.C. is pleased to announce its inclusion in the fifteenth edition of Best Lawyers® Best Law Firm for Ethics and Professional Responsibility Law in Milwaukee, Wisconsin and Litigation – Bankruptcy as well as Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in Austin, Texas. Best Law Firms rankings celebrate firms that have consistently demonstrated excellence in legal expertise and industry knowledge.

More Trending

article thumbnail

Appeals Court Overturns Ruling for Defendant in FDCPA Case Over Medical Debt

Account Recovery

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.

article thumbnail

Daily Digest, November 8. Appeals Court Overturns Ruling for Defendant in FDCPA Case Over Medical Debt; Bankruptcy Filings Surge Amid Inflation and High Interest Rates

Account Recovery

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