Thu.Oct 03, 2024

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Getting to Know Naomi Moore of Absolute Resolutions Corp.

Account Recovery

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

Law Firms 130
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Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions

Consumer Finance

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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FDCPA Case Over Arbitration Ruling Dismissed

Account Recovery

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.

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Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans

Consumer Finance

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.

Loans 52
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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Bill Introduced in House to Allow Furnishers to Report Positive Medical Debt Information to Credit Bureaus

Account Recovery

A bipartisan bill has been introduced in the House of Representatives that seeks to amend the Fair Credit Reporting Act so that individuals making payments on unpaid medical debts would see their credit scores boosted. The bill. H.R. 9890, called the Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024, was introduced earlier this week by Rep.

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Daily Digest – October 3. Getting to Know Naomi Moore of Absolute Resolutions Corp.; Bill Introduced to Allow Furnishers to Report Positive Medical Debt Info to Credit Bureaus

Account Recovery

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

Banks 130