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A class-action lawsuit has been filed this week against a collection agency after it was the victim of a ransomware attack and data breach. The breach, which occurred in June 2024, involved unauthorized access by cybercriminals who targeted the defendant’s computer systems using ransomware, specifically a threat actor known as “Play.” The breach was not detected until August, and affected individuals were notified last month.
A District Court judge in North Carolina has denied a defendant’s motion to dismiss a Fair Credit Reporting Act suit, ruling the plaintiff’s inability to subsequently get approved for an apartment sufficient for her to have standing, and questioned the defendant’s dispute investigation process is enough to keep the case alive. The background: The case centers on an alleged misreporting of a debt that the plaintiff never incurred.
Williams & Fudge, Inc. (“WFI”), an industry leading receivables management firm, is pleased to announce the promotion of Jon Balon from Vice President of Technology, Product and Innovation to Chief Technology Officer (CTO) effective November 1, 2024. This promotion is part of a broader corporate restructure aimed at supporting continued growth and strategic alignment.
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support. TEC is now extending its services by offering proven, industry-leading technology solutions alongside of our Professional Services to help Clients feel confident in their technology de
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?
Getting to Know Karen Wisniowski of Orlans PC Judge Denies MTD in FCRA Case Over Disputed Debt Collector Facing Class-Action Lawsuit Following Ransomware Attack Trump’s Return Signals Regulatory Shake-Up for the Collection Industry Williams & Fudge Announces Promotion of Jon Balon to Chief Technology Officer WORTH NOTING: ChatGPT paid big bucks to buy the domain chat.com … Jon Stewart had some harsh words for pollsters who weren’t even close in predicting the outcome of Tuesday&#
As Donald Trump retakes the presidency, the credit and collection industry is bracing for significant regulatory changes that could impact operations and strategies. Why it matters: Trump’s return to the White House, coupled with Republicans regaining control of the Senate, introduces uncertainty around the Consumer Financial Protection Bureau’s ambitious rulemaking agenda.
As Donald Trump retakes the presidency, the credit and collection industry is bracing for significant regulatory changes that could impact operations and strategies. Why it matters: Trump’s return to the White House, coupled with Republicans regaining control of the Senate, introduces uncertainty around the Consumer Financial Protection Bureau’s ambitious rulemaking agenda.
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