Fri.Nov 22, 2024

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Collector Facing FDCPA, RFDCPA Class Action for Calling Plaintiff Before 8am

Account Recovery

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? Call (855) WEB-RECON or email admin@webrecon.net today!

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Guide to Omnichannel Payments and Security

PDC Flow

Omnichannel payments and multichannel payments are both terms used to describe the options your software allows for taking customer payments. Omnichannel payment features improve the payment experience for customers but they also have a positive impact on your overall business operations. What are Omnichannel Payments? Omni or multichannel payment solutions let you take advantage of more than one payment channel in a single platform.

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CFPB Delays Enactment of Medical Debt Collection Guidance

Account Recovery

The Consumer Financial Protection Bureau yesterday announced in a court filing that it has agreed to postpone the effective date of its controversial medical debt collection guidance from December 3, 2024, to January 2, 2025. This delay comes in response to a legal challenge from ACA International and other plaintiffs, who filed for a temporary restraining order and preliminary injunction against the CFPB’s advisory opinion.

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TrueAccord’s Recent Litigation Win: Email Is Always Convenient

True Accord

TrueAccord is at the forefront of defending litigation related to digital communications in debt collection and its recent victory in the Southern District of Florida is a resounding victory for digital channels in our industry. In Quinn-Davis v. TrueAccord , the court grappled with the concept of timing in order to figure out when an email is considered inconvenient under both the Federal Debt Collection Practices Act (FDCPA) and the Florida Debt Collection Practices Act (FCCPA).

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Daily Digest – November 22. Collector Facing FDCPA, RFDCPA Class Action for Calling Plaintiff Before 8am; CFPB Delays Enactment of Medical Debt Collection Guidance

Account Recovery

Collector Facing FDCPA, RFDCPA Class Action for Calling Plaintiff Before 8am CFPB Delays Enactment of Medical Debt Collection Guidance Judge Denies MTD in FCRA Case Over Permissible Purpose New CFPB Rule Brings Major Payment Apps Under Federal Oversight WORTH NOTING: Google shares the top entertainment trends from 2024, like which show was watched most on its TVs … How to find faster WiFi when you are on the road … A chef makes a recommendation about how to cook your Thanksgiving tur

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Judge Denies MTD in FCRA Case Over Permissible Purpose

Account Recovery

A District Court judge in Kentucky has denied a defendant’s motion to dismiss a Fair Credit Reporting Act case after it was accused of accessing the plaintiffs’ credit reports without a permissible purpose, ruling that the amended complaint includes sufficient factual allegations to support a plausible claim at this stage of the proceedings.

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New CFPB Rule Brings Major Payment Apps Under Federal Oversight

Account Recovery

While other regulators have announced plans to stop issuing new rules or guidance during the transition period before President Trump goes back into office, the Consumer Financial Protection Bureau yesterday announced a final rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps. These platforms include Apple, Google, Amazon, PayPal, Block, Venmo and Zelle, according to published reports.