Account Recovery
NOVEMBER 4, 2024
Before diving into the details, I originally decided to write about this ruling because I thought it would be helpful to detail the lengths to which the scammer went in this situation and how it’s not always the uneducated or unsophisticated who get taken advantage of. But on top of that, there is a Fair Debt Collection Practices Act angle to the case, too.
Qualco
NOVEMBER 4, 2024
As the financial sector rapidly evolves, driven by technological advancements, loan origination processes are experiencing profound changes. A key development is the growing adoption of Loan Origination Systems (LOS), which have become essential tools for financial institutions. According to recent forecasts from Future Market Insights , the global loan origination software industry is projected to grow at a CAGR of 13.4% from 2023 to 2033, reaching a market size of US$ 17,505.7 million by 2033.
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Account Recovery
NOVEMBER 4, 2024
For the second time in less than a month, ACA International has filed a lawsuit, this time accusing the Consumer Financial Protection Bureau of an “overtly political act” and overstepping its authority by issuing a rule couched in its October 1 Advisory Opinion related to the collection of medical debt. The complaint, filed in the District Court for the District of Columbia, takes aim at new requirements introduced by the CFPB that ACA International claims fundamentally change how me
UK debt collections
NOVEMBER 4, 2024
New research has shown that debt collectors are breaching national standards in 6% of visits to individuals facing enforcement. The study into doorstep interactions in civil enforcement – published by the Enforcement Conduct Board (ECB) – found a noticeable area in which the standards are least commonly met is in acknowledging and taking into account self-identified or obvious vulnerability.
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
NOVEMBER 4, 2024
Nearly two-thirds of Americans are falling behind on their emergency savings due to soaring inflation and increasing expenses, which leads them with less money available to repay debts, according to a survey released by Bankrate. By the numbers: Generational insights: Income disparities: Key obstacles to saving: What they’re saying: “Expenses, and the fact that those expenses have increased, have been a headwind to boosting emergency savings this year,” said Greg McBride, CFA,
Account Recovery
NOVEMBER 4, 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.
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