Account Recovery

DECEMBER 30, 2024

A District Court judge in Minnesota has awarded 25% of the attorney’s fees sought by the plaintiff in a Fair Debt Collection Practices Act case, ruling the plaintiff’s request unreasonable for a number of reasons. The judge awarded $11,566.63 in fees, significantly less than the $46,163.50 requested by the plaintiff’s attorneys. The background: The case stemmed from attempts to collect on a 2007 mortgage loan.

Law Firms 130

Law Firms Fair Debt Collection Creditors Loans 130

Collection Industry News

DECEMBER 30, 2024

A sharp rise in mortgage interest rates toward the end of December took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year. Total mortgage application volume for the two weeks ended Dec. 27, 2024, dropped 21.9% compared with the week before that period, according to the Mortgage Bankers Associations seasonally adjusted index.

Loans 40

Loans Trade Collections 40

Account Recovery

DECEMBER 30, 2024

As the calendar gets set to turn to a new year, a number of new laws are scheduled to take effect. Here is a summary of what collection operations need to be prepared for starting as soon as January 1. [EDITOR’S NOTE: Sign up for a webinar today, December 30, to hear more on The Laws Going Into Effect in 2025 That You Need to Know About. Click here to register.

Garnishment 130

Garnishment Debtor Collection Agencies Collections Agency 130

Account Recovery

DECEMBER 30, 2024

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.

Fair Debt Collection 130

Fair Debt Collection Judgment Lawyers Bankruptcy 130

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

DECEMBER 30, 2024

With more than 167 million individuals affected by healthcare data breaches in 2023 alone, the Department of Health and Human Services (HHS) is taking action to address increasing cyberattacks on healthcare systems. On Friday, it announced a proposed rule aimed at enhancing the HIPAA Security Rule, compelling healthcare entities to bolster protections for electronic protected health information (ePHI).

Healthcare 130

Healthcare Government 130