Account Recovery
MAY 22, 2023
The Federal Communications Commission is poised to expand its rules for blocking robocalls and junk texts at its June meeting, giving consumers more choice in deciding which types of calls and texts they receive, while also closing “loopholes” that allow callers to make robocalls and send robotexts without consent and without giving consumers the ability …
Consumer Finance
MAY 22, 2023
Today, the Consumer Financial Protection Bureau (CFPB) reached a settlement to resolve CFPB’s allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute credit card transactions.
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Account Recovery
MAY 22, 2023
The Massachusetts Division of Banks has assessed a $500,000 fine and ordered a company to stop engaging in any activity that requires licensing or registration until the company has obtained the proper licensing or registration after finding that it was operating without the proper license in the state.
Credit Corp
MAY 22, 2023
Your credit score may have dropped if you applied for a new card or line of credit or were late on payments or there was fraudulent behavior on your account, among other reasons. You check your credit score routinely, but one day, surprised, yougasp at the number, wondering, “Why has my credit score suddenly dropped!?” Don’t panic—there are a multitude of reasons why.
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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.
Account Recovery
MAY 22, 2023
JUDGE GRANTS MTD IN FDCPA CASE OVER MULTIPLE ADDRESSES IN LETTER In a case that was defended by the teams at Martin Lyons Watts Morgan and Lippes Mathias, a District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that including two different addresses …
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Account Recovery
MAY 22, 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.
FFGN COLLECT NY
MAY 22, 2023
Summons and complaints are the most important pleadings filed in debt collection litigation, which makes properly drafting summons and complaints incredibly important. A summons is a notice to the debtor that the creditor is filing a lawsuit against them. The complaint is the meat. It is where the creditor outlines the “legal cause of action” for the claim(s) the creditor has.
Account Recovery
MAY 22, 2023
In a case that was defended by the teams at Martin Lyons Watts Morgan and Lippes Mathias, a District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that including two different addresses on a debt collection letter would not confuse a least sophisticated …
Jimerson Firm
MAY 22, 2023
Florida law allows for a private cause of action for a party’s violation of the Florida Building Code (the “Code”). See 553.84 of the Florida Statutes. There is no requirement for a party to have contact in order to bring a claim for a building code violation, thus, allowing a subsequent purchaser to bring a claim against the party that committed that violation.
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.
CICM
MAY 22, 2023
Vice Media file for bankruptcy Vice Media is an American-Canadian broadcaster that was once worth £5 Billion. Now, they are close to filing bankruptcy and a group of lenders look to take over Vice Media group for £180 Million for a meagre 3.6% of it’s billions of pounds valuation, six years ago. The Media giant faces closure of ‘Vice News Tonight’, which could result in massive redundancies to its workforce.
Consumer Finance
MAY 22, 2023
CFPB acordó con Citizens Bank por violar leyes que protegen a los individuos cuando disputan transacciones con sus tarjetas de crédito.
Collection Industry News
MAY 22, 2023
The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment programs and loan forgiveness that did not exist. The agency alsosays the companies falsely claimed to be or be affiliated with the Department of Education and told students that the illegal payments the companies collected would count towards their loans.
AGA
MAY 22, 2023
AGA is a global B2B collection agency. In 2016, we first got involved in the cannabis market and there was very little business for collection agencies. Why? Because for there to be a collection need, a grower, manufacturer, producer, wholesaler, or distributor must extend credit, and in 2016 the market operated 99% in cash. Fast forward to 2023, and boy have things changed.
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