Account Recovery

NOVEMBER 21, 2023

The Consumer Financial Protection Bureau yesterday issued an enforcement action against Toyota Motor Credit Corp.

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Lender 147

UK debt collections

NOVEMBER 21, 2023

A former Director of Extra Energy Supply has been banned from running a business for six years. Mordechay Ben-Moshe, 48, was a Director of Birmingham-based Extra Energy Supply, which supplied around 130,000 household and business customers at the point it went into administration in December 2018. Extra Energy Supply was under investigation already At the time of its collapse, Extra Energy Supply was under investigation by energy regulator Ofgem for alleged breaches of its regulations.

Trade 64

Trade Government 64

Account Recovery

NOVEMBER 21, 2023

Collector Facing Class Action for Dispute Deadline Discrepancy in Validation Notice Appeals Court Partially Overturns Dismissal of FDCPA Suit FCRA, CFPA Violations Lead CFPB to Assess $60M in Fines, Penalties on Toyota Motor Credit FCC, FTC Tackling AI’s Growing Involvement in Phone Calls WORTH NOTING: Close friendships are vital to your health, but there are […]

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Direct Recovery

NOVEMBER 21, 2023

With the global pandemic in our rearview mirror and an upcoming election here in the United States, 2024 should be an opportunity to post record numbers for businesses of all shapes and sizes across the country. However, things aren’t as positive as we might like to see closing out 2023. Regardless of the shape your business is in right now, or whatever may lie ahead in the coming year, there is nothing wrong with being cautiously optimistic and attempting to cut costs while hoping for monster r

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Education Debt Financing Collection Agencies Collections Agency 59

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 21, 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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Account Recovery

NOVEMBER 21, 2023

The Court of Appeals for the Ninth Circuit yesterday overturned part of a dismissal of a Fair Debt Collection Practices Act suit, ruling that the defendant did not follow the proper sequence under Nevada law when renewing an unpaid judgment. What Happened: The defendant obtained a default judgment against the plaintiff in 1997.

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Troutman Sanders

NOVEMBER 21, 2023

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On November 20, the Federal Reserve’s Vice Chair for Supervision Michael Barr issued remarks at the Clearing House Conference as part of a question-and-answer session that covered payments priorities, digital assets, regulatory approaches, and monetary

Financial services 52

Financial services Retail Banks Student Loans 52

Account Recovery

NOVEMBER 21, 2023

Both the Federal Communications Commission and the Federal Trade Commission are making efforts to tackle the impact that artificial intelligence can have on communications between consumers and companies, both over the phone and via text messaging.

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