Account Recovery

SEPTEMBER 11, 2023

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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147

Troutman Sanders

SEPTEMBER 11, 2023

On September 8, a federal court in the Eastern District of Texas granted summary judgment in favor of the U.S. Chamber of Commerce (Chamber) and several other trade associations, holding that the Consumer Financial Protection Bureau’s (CFPB or Bureau) “March 2022 manual update is beyond the agency’s constitutional authority based on an Appropriations Clause violation and beyond the agency’s statutory authority to regulate ‘unfair’ acts or practices under the Dodd–Frank Act.

Judgment 59

Judgment Financial services Trade Collections 59

Account Recovery

SEPTEMBER 11, 2023

Judge Rules in Favor of Plaintiffs in Suit Against CFPB Report Spotlights States’ Efforts to Combat Medical Debt Problem Judge Dismisses TCPA Claim Over Collection Calls Allegedly Made Using ATDS Compliance Digest – September 11 WORTH NOTHING: Habits to lead a healthier life, from people living in communities where the world’s longest-living people tend to […]

Collections 147

Collections 147

Hudson Weir

SEPTEMBER 11, 2023

Secured loans or unsecured loans are crucial for many businesses, providing the investment they need to achieve their objectives and grow. According to the British Business Bank , there was a 12.8% increase in gross bank lending to SMEs between 2021 and 2022. In total, banks provided £65.1bn in loans to small companies with more likely to have gone to larger businesses too!

Loans 52

Loans Collateral Secured Creditor Unsecured Creditor 52

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Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

Collection Agencies

Account Recovery

SEPTEMBER 11, 2023

A District Court judge in Nevada has preemptively dismissed a plaintiff’s Telephone Consumer Protection Act claim against a defendant that was attempting to contact the plaintiff to collect on an unpaid debt, ruling essentially that the likelihood of randomly or sequentially receiving calls to collect on a specific debt os “implausible.

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Collections 130

Account Recovery

SEPTEMBER 11, 2023

A District Court judge in Texas has granted the plaintiffs’ motion for summary judgment in a lawsuit filed against the Consumer Financial Protection Bureau that accused the Bureau of overstepping its authority when it warned companies about engaging in activities that could be found to be discriminatory in an update to its supervisory manuals.

Judgment 130

Judgment 130

Troutman Sanders

SEPTEMBER 11, 2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Finance Services industry over the past week: Federal Activities State Activities Federal Activities: On September 11, the Consumer Financial Protection Bureau (CFPB) took action against Tempoe, LLC, for tricking consumers into expensive leasing agreements by concealing the contract terms and costs, and failing to provide legally required disclosures.

Financial services 52

Financial services Student loans Student Loans Banks 52

Account Recovery

SEPTEMBER 11, 2023

Nobody will argue with the fact that the amount of medical debt in the United States has surged to new levels.

Accounts Receivables Management 130

Accounts Receivables Management Healthcare Collections 130

Collections Law

SEPTEMBER 11, 2023

Your company’s sales numbers only matter if you are getting paid for all of your sales. The credit application outlines payment terms for the sale of goods and services. But, just as important, it also establishes your protocols in the event of unforeseen circumstances. There are three powerful ways to make sure your company gets paid for every transaction.

Commercial Collection 52

Commercial Collection Trade Collections 52

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.