Account Recovery
OCTOBER 3, 2024
A new medical debt law went into effect in Minnesota this week, and following the lead of that state’s Attorney General, it might be helpful to review the details of the Debt Fairness Act to make sure nobody overlooks anything that they need to be doing. The Debt Fairness Act, which took effect on October 1, introduces significant changes to debt collection practices, particularly regarding medical debt.
Consumer Finance
OCTOBER 3, 2024
The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2025 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).
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Account Recovery
OCTOBER 3, 2024
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
Consumer Finance
OCTOBER 3, 2024
The CFPB, the FRB, and the OCC are announcing that the 2025 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $32,400 to $33,500.
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
OCTOBER 3, 2024
A District Court judge in New York has adopted the report of a Magistrate Court judge and dismissed a Fair Debt Collection Practices Act case after the plaintiff sought to vacate an interim arbitration award and stay ongoing arbitration proceedings — proceedings that the plaintiff actually initiated on her own. The background: The case originated from a medical credit card debt.
Account Recovery
OCTOBER 3, 2024
Getting to Know Naomi Moore of Absolute Resolutions Corp. FDCPA Case Over Arbitration Ruling Dismissed Bill Introduced in House to Allow Furnishers to Report Positive Medical Debt Information to Credit Bureaus Minnesota’s Debt Fairness Act Now in Effect WORTH NOTING: Some people who have Bank of America accounts are waking up to a not-cool surprise this morning … RIP to the voice behind “Oogie-Boogie” … A cruise industry expert on why more people than ever are taking to t
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