Account Recovery
AUGUST 28, 2024
A District Court judge in California has granted a defendant’s motion to dismiss a Fair Credit Reporting Act lawsuit, ruling that the plaintiffs failed to establish the necessary elements to proceed with their claims after accusing the defendant of inaccurately reported delinquent payments on a loan used to purchase a recreational vehicle (RV), which led to negative marks on the plaintiffs’ credit reports.
Consumer Finance
AUGUST 28, 2024
The CFPB took action against repeat offender New Day Financial (NewDay USA) for deceiving active duty servicemembers and veterans seeking cash-out refinance loans.
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Account Recovery
AUGUST 28, 2024
Consumers are paying “tens of millions” of dollars in fees to “access their own money” when getting cash back at retail operations, according to a report released yesterday by the Consumer Financial Protection Bureau. The CFPB estimates that three retailers are making as much $90 million in cash back fees, and that companies are significantly marking up the margin between what it costs them to process the transaction and what they are charging consumers.
The Kaplan Group
AUGUST 28, 2024
Student debt has become a significant financial burden, growing faster than any other form of debt for many individuals in the United States. A new study by The Kaplan Group aims to provide an overview of student debt across various states and majors, highlighting the top and bottom states in terms of average debt, the prevalence of high debt amounts, and the total debt by state.
Speaker: Anna Tiomina, MBA
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?
Account Recovery
AUGUST 28, 2024
In the credit and collection industry, the ability to process payments seamlessly and securely is critical. Payment vaulting, the secure storage of customer payment credentials, is emerging as a powerful tool not only for enhancing security but also for improving customer retention, reducing operational costs, and delivering personalized service. By the numbers: The eCommerce sector experienced a failure rate exceeding 10% for online transactions in the past year, resulting in $31 billion in los
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
AUGUST 28, 2024
Judge Grants MTD in FCRA Case Over Missed Payments Retailers Making Millions on Cash Back Fees: CFPB Payment Vaulting Key to Reducing Failed Transactions 26 Companies Seeking Collection Talent Weave Enhances Payment Product Suite with Payment Reminders WORTH NOTING: Will watching a YouTube video help get the water out of your wet phone? … If you are one of those weird people who like cucumbers 🥒 🃏, here are some salad recipes you may want to try … Tips to help you bea
Account Recovery
AUGUST 28, 2024
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
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