Account Recovery

SEPTEMBER 16, 2024

A District Court judge in Maryland has denied a defendant’s motion to compel arbitration in a Fair Debt Collection Practices Act (FDCPA) case, ruling that the defendant waived its right to arbitrate by engaging in prior litigation. The background: In August 2016, the plaintiff took out a personal loan that was sold and transferred through several financial entities, ultimately landing in the hands of the defendant.

Collections 245

Collections Fair Debt Collection Personal loans Loans 245

Consumer Finance

SEPTEMBER 16, 2024

The CFPB today published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.

Banks 95

Banks Financial services 95

Account Recovery

SEPTEMBER 16, 2024

In a new report from Capgemini Research Institute, non-cash transaction volumes in North America are projected to increase by 6.4% this year, reaching $252.6 billion, with global growth expected to rise even faster at 16.6%. By 2028, the North American figure will grow by 7.3% to $338.3 billion. The report highlights that credit and debit cards will dominate global cashless payments by 2028, with instant payments gaining momentum as the second-largest category.

Debt collector 130

Debt collector Financial Institution Collection Agencies Collections Agency 130

Consumer Finance

SEPTEMBER 16, 2024

Over the past decade, we have seen a significant incursion into consumer deposit taking and payments activities by companies that aren’t banks or credit unions. These firms want the public benefits of being a bank or credit union, without the public obligations.

Credit Unions 79

Credit Unions Credit Unions Banks 79

Speaker: Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

Account Recovery

SEPTEMBER 16, 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 Lawyers Law Firms Collections 130

Account Recovery

SEPTEMBER 16, 2024

Judge Rules Debt Collection Lawsuit Waives Arbitration Clause CFPB Sues Card Company & Its CEO for Baiting Consumers Into High-Fee Products Instant Payments and Digital Wallets Gaining Momentum in the Payments Space: Report Compliance Digest – September 16 WORTH NOTING: Takeaways from last night’s Emmy Awards … Be careful what you post online.

Collections 130

Collections 130

Account Recovery

SEPTEMBER 16, 2024

The Consumer Financial Protection Bureau has filed a lawsuit against Horizon Card Services and its CEO, Robert Kane, for allegedly engaging in deceptive and abusive practices targeting financially vulnerable consumers. The CFPB claims that Horizon lured consumers into signing up for a costly membership program under the false pretense of offering a general-purpose credit card.

Financial services 130

Financial services 130