Account Recovery
JANUARY 30, 2024
A Magistrate judge in Oregon is recommending that a defendant’s motion for summary judgment be granted in a Fair Debt Collection Practices Act case dealing with the purchase of a used car that turned out to be a lemon. The Background: The plaintiff purchased a used car from a used car dealer in October 2014.
Jimerson Firm
JANUARY 30, 2024
On October 1, 2023, House Bill 919 , also known as the “Homeowners’ Association Bill of Rights” took effect. This comprehensive bill provides several crucial changes related to the removal of homeowners’ association (“HOA”) officers and directors, fines and suspensions for violations of the declarations, bylaws, or rules of the HOA, as well as new requirements for the comingling of funds, official records requirements, and board meeting notices.
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Account Recovery
JANUARY 30, 2024
FDCPA Suit Seeks $5.
UK debt collections
JANUARY 30, 2024
Latest data analysis by Mazars has found that on average a dozen construction firms are going bust every day after 4,370 firms collapsed last year. In the year to the end of November, 4,370 companies went insolvent compared to 4,086 in 2021/22 and 2,481 in 2020/21. This reflected a 7% increase in insolvencies from 2021/22 and 76% in 2020/21 due to high material and labour costs.
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Account Recovery
JANUARY 30, 2024
After falling for at least the past three years, the number of bankruptcy filings spiked upwards in 2023, according to data released last week by the Administrative Office of the U.S. Courts. The number of non-business bankruptcy filings in 2023 totaled 434,064, up from 374,240 in 2022.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 30, 2024
A bill has been introduced in the House of Representatives — by the author of the TRACED Act — to close the “loophole” created by the Supreme Court in the Facebook v. Duguid ruling and provide consumers with more protections against robocalls and the growing use of artificial intelligence in facilitating robocalls.
Troutman Sanders
JANUARY 30, 2024
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 29, Acting Comptroller of the Office of the Comptroller of Currency (OCC) Michael J. Hsu delivered remarks at an event hosted by the University of Michigan School of Business, titled “What Should the U.S.
Account Recovery
JANUARY 30, 2024
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?
Collection Industry News
JANUARY 30, 2024
Only half of America’s credit card customers believe they can pay off their December balance in full, according to an industry index, signaling a low ebb in “credit card confidence” as the nation emerges from the holidays. The LendingTree Credit Card Confidence Index, a monthly survey published since 2018 by the personal finance site, dipped to 51% in December, an all-time low.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
NACM
JANUARY 30, 2024
Accomplishing goals requires discipline and dedication—especially in the B2B credit industry. NACM's Professional Certification Program gives credit professionals the opportunity to accomplish their professional goals through education tailored to their interests. With six levels of certifications, credit professionals can create their own path to.
Collection Industry News
JANUARY 30, 2024
The Biden administration announced on Wednesday that it will try to deliver student loan forgiveness to borrowers experiencing financial hardship. After the Supreme Court struck down President Joe Biden’s executive order to cancel up to $20,000 in student debt for tens of millions of Americans, his administration has searched for ways to cancel the debt using existing legal authority.
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