Account Recovery

OCTOBER 31, 2023

A District Court judge in Michigan has denied a plaintiff’s motion to remand a Fair Debt Collection Practices Act and Fair Credit Reporting Act case back to small claims court where it was originally filed and notified the plaintiff that he must file a more “definitive” statement of claims to provide the defendant with more […]

Fair Debt Collection 147

Fair Debt Collection Collections 147

Credit Corp

OCTOBER 31, 2023

Snapshot: The Secured Chime Credit Builder Visa® Credit Card 1 doesn’t have interest 4 or an annual fee, which makes it a great credit-building 2 option. You’ll have to open a Chime checking account and receive a qualifying direct deposit in order to apply. Pros Cons No annual fee. You can’t apply without a Chime checking account. No interest 4 You have to secure your credit limit with a deposit.

Collateral 104

Collateral Credit Card Debt Banks Lender 104

Account Recovery

OCTOBER 31, 2023

Collection Firm Facing Suit for Filing Suits It Allegedly Did Not Intend to Pursue Judge Denies Motion to Remand FCRA, FDCPA Case Back to State Court Defendant Banned from Collection, Merchant Cash Advance Industries Think Tank Launches Site to Collect Stories From Consumers Impacted by CFPB Data Breach WORTH NOTING: Is this right?

Collections 147

Collections 147

On Guard

OCTOBER 31, 2023

Credit management, a term often associated with the finance department, turns out to be a dynamic process involving several departments within an organisation. Think sales, marketing, customer success and IT. The goal goes beyond making sure customers pay on time; it also includes maintaining and strengthening customer relationships. How do we achieve this ambitious goal?

Credit Management 52

Credit Management Creditworthiness Collections 52

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Collection Agencies

Account Recovery

OCTOBER 31, 2023

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?

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Collections 130

Account Recovery

OCTOBER 31, 2023

A federal judge yesterday signed off on a permanent injunction against a defendant — Jonathan Braun — accused of engaging in unfair collection practices from participating in the merchant cash advance or debt collection industries.

Collections 130

Collections 130

Troutman Sanders

OCTOBER 31, 2023

On October 27, the Federal Trade Commission (FTC) announced a final rule amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act. The Safeguards Rule requires nonbanking financial institutions to develop, implement, and maintain a comprehensive information security program to keep their customers’ information safe.

Financial Institution 52

Financial Institution Acquisition Trade Financial services 52

Account Recovery

OCTOBER 31, 2023

An organization called the Southwest Public Policy Institute has launched a campaign to hold the Consumer Financial Protection Bureau accountable for a data breach that occurred at the Bureau earlier this year and exposed the personal information of 250,000 consumers.

Collections 130

Collections 130