Account Recovery

SEPTEMBER 20, 2023

Consumers in America continue to head toward a cashless — and maybe even checkless — future when it comes to making payments, according to a study released this week by a payment provider for the financial services industry.

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Financial services 147

Consumer Finance

SEPTEMBER 20, 2023

The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.

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Collections 145

Account Recovery

SEPTEMBER 20, 2023

Judge Dismisses FDCPA Class Action for Lack of Standing Consumers Drive Increased Adoption of Digital Payment Options Study Reveals Financial Burden Carried by Older Americans Due to Lack of Insurance 25 Companies Seeking Collection Talent WORTH NOTHING: A look ahead to the most anticipated movies of the Fall … Ways to use morning exercises to […]

Collections 147

Collections 147

Credit Corp

SEPTEMBER 20, 2023

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: This is an entry-level student credit card with great perks, especially for those who travel via Uber or order with Uber Eats regularly.

Creditworthiness 105

Creditworthiness Credit Management Education 105

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

SEPTEMBER 20, 2023

A District Court judge in Florida has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action case because the court lacked subject matter jurisdiction after the plaintiff attempted a somewhat novel strategy to prove she had standing to pursue her case in federal court.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

SEPTEMBER 20, 2023

More than one-quarter of Americans over the age of 65 — an age when most people are in need of increased medical care — don’t have any form of health insurance, according to a study released by Oregon Health & Science University. This leaves many elderly Americans one medical bill away from financial ruin.

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Healthcare 130

Direct Recovery

SEPTEMBER 20, 2023

Once an outstanding debt reaches time-barred status and is no longer collectible, there is little that a creditor can do to recover the amount owed, so the best approach to handling time-barred debt is to avoid getting to that point in the first place. If you want to ensure that your outstanding balance doesn’t fall into time-barred territory, here are six tips to help you stay on top of your collections.

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Collections Debt collector Debtor Creditors 59

Sawin & Shea

SEPTEMBER 20, 2023

If you’re in a financial bind, your best option might be to seek a fresh start through Chapter 7 bankruptcy. However, you may be concerned that doing so could cause you to lose your biggest investment – your home. In most cases, you don’t forfeit your home when you file for Chapter 7 bankruptcy. What is Chapter 7 Bankruptcy? Filing for Chapter 7 bankruptcy , also called liquidation bankruptcy, allows you to discharge all or most of your debt.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Troutman Sanders

SEPTEMBER 20, 2023

When using artificial intelligence (AI) or complex credit models, can lenders rely on the checklist of reasons provided in Regulation B sample forms for adverse action notices? According to today’s guidance issued by the Consumer Financial Protection Bureau (CFPB or Bureau), the answer to that question is, in many circumstances, no. As background, the Equal Credit Opportunity Act (ECOA) and Regulation B require that a creditor must provide an applicant with a statement of reasons for any adverse

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Lender Creditors Credit Bureau Loans 52

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.

Banks

NACM

SEPTEMBER 20, 2023

The credit industry is nothing short of evolutionary. From automation to change management, credit professionals are in a constant state of learning. NACM's Professional Certification Program is one of the many tools credit professionals can use to expand their knowledge in B2B credit management. Whether that's learning new skills, diving deeper on.

Credit Management 5

Credit Management 5

Consumer Finance

SEPTEMBER 20, 2023

The Consumer Financial Protection Bureau is launching a rulemaking to block medical debt collectors from weaponizing the credit reporting system to coerce patients into paying bills they may not even owe.

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Debt collector Collections 103