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Collector Sued for Contacting Plaintiff’s Family Members Hundreds of New Comments Filed on Medical Debt Credit Reporting Proposal Judge Grants Motion to Compel Arbitration After Letter Sent to Collect on Satisfied Debt Cost of Data Breach Rises to Nearly $5M: Report WORTH NOTING: Inflation may be causing consumers to cut back, but they are still […]
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Comments are currently being accepted regarding the Consumer Financial Protection Bureau’s proposed rule that would prohibit creditors from using medical debts when determining whether a consumer is eligible for credit. The comment period is open until August 12.
A District Court judge in New Jersey has granted a defendant’s motion to compel arbitration in a dispute involving a collection agency and a consumer, after the agency sent a collection letter to the plaintiff to collect on a debt that had already been satisfied by a judgment.
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?
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