Tue.Sep 26, 2023

article thumbnail

Advocates Push for More Medical Debt Changes in Wake of CFPB Announcement

Account Recovery

The ink on the proposal from the Consumer Financial Protection Bureau to prohibit medical debts from being included on consumers’ credit reports — among other changes — is barely dry and already consumer advocates are pushing for more changes to be made in the area of medical debt, according to a published report.

article thumbnail

CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends.

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 – September 26. Collector Facing Class Action Over Not Putting Anything on Back of MVN; Judge Certifies Class in Case Over Info Visible Through Envelope Window

Account Recovery

Collector Facing Class Action Over Fee in Itemization Table, Not Putting Anything on Back of MVN Judge Denies Defendant’s MSJ, Certifies Class in Case Over Info Visible Through Envelope Window TrueML Closing ERC’s Operation in Jacksonville; 164 Workers Affected Advocates Push for More Medical Debt Changes in Wake of CFPB Announcement WORTH NOTING: Why business […]

147
147
article thumbnail

Statement of CFPB Director Rohit Chopra on Mortgage Market Activity and Trends

Consumer Finance

Today, the CFPB issued its annual report on Home Mortgage Disclosure Act data.

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

Collector Facing Class Action Over Fee in Itemization Table, Not Putting Anything on Back of MVN

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?

130
130

More Trending

article thumbnail

Judge Denies Defendant’s MSJ, Certifies Class in Case Over Info Visible Through Envelope Window

Account Recovery

A District Court judge in New Jersey has denied a defendant’s motion for summary judgment, determined that a plaintiff had standing to sue because of a barcode that was visible through the window of an envelope, and certified a class in a Fair Debt Collection Practices Act lawsuit.

article thumbnail

Why Unpaid Invoices are Hurting Your Business

JMA

For any business, cash flow is king. You need consistent cash coming in the door to pay for ongoing expenses like payroll, rent, inventory and more. When a customer fails to pay an invoice, it throws a wrench in the cash flow machine and can leave your business strapped for working capital. This issue is. Read more » The post Why Unpaid Invoices are Hurting Your Business appeared first on JMA Credit Control.

52
article thumbnail

TrueML Closing ERC’s Operation in Jacksonville; 164 Workers Affected

Account Recovery

Enhanced Recovery Company, more commonly known around the accounts receivable management industry as ERC, has announced it is closing its office in Jacksonville, Fla., and will be letting go of more than 150 employees because it has decided to stop doing business in North Florida.

article thumbnail

Another Day, Another ATDS Suit Dismissed in E.D. Pa.

TCPA

Plaintiff Andrew Perrong is no stranger to the Eastern District of Pennsylvania, and on September 18, 2023, yet another of Perrong’s suits was partially dismissed on ATDS grounds. Perrong v. Bradford, et al., No. 2:23-cv-00510, 2023 WL 6119281 (E.D. Pa.

52
article thumbnail

Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

article thumbnail

Our State and Federal Legislative and Regulatory Tracking Products

Troutman Sanders

Please join Troutman Pepper Partners Kim Phan and Stefanie Jackman for a special podcast episode showcasing our firm’s state and federal legislative and regulatory tracking products. These powerful tools were designed to inform industry professionals about the latest state and federal legislative and regulatory developments in order to aid organizations with their compliance management systems and initiatives.

article thumbnail

Member Spotlight: Valuable Tools for the Future

NACM

Commitment is key in accomplishing your career goals. Your drive and determination are important in order to stay focused on what you want to accomplish. Through NACM's Professional Certification Program, credit professionals have an opportunity to grow and learn more about the profession with educational courses offered. "Making the commitment to.