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Getting to Know Jared Blake of Jetty Judge Denies MTD in FDCPA Class Action, Rules Medical Expenses Enough for Plaintiff to Have Standing FCC Seeks to Make AI-Generated Robocalls Illegal Under TCPA The Impact of Credit Monitoring on Debt Payments, Credit Scores WORTH NOTING: Elmo took a turn as a therapist … The lengths that […]
Recently, Arizona, Kentucky, and Hawaii have jumped on the bandwagon to regulate earned wage access (EWA) products and services. Arizona’s proposed bill makes clear that EWA services are not considered to be loans or money transmissions, and voluntary tips or gratuities are not finance charges. It further requires EWA providers to be licensed, provide mandatory disclosures to consumers, and to submit an annual report detailing yearly revenue from EWA products.
A District Court judge in Puerto Rico has denied a defendant’s motion to dismiss a Fair Debt Collection Practices Act class action case on the grounds the plaintiff lacked standing to sue, ruling that the plaintiff “lives to fight another day” based on the claims she made in her amended complaint.
Riley Keough is refusing to pay the debt on late mother Lisa Marie Presley ’s U.K. home one year after her death. Keough, 34, pushed back on Barclays Bank’s request for her to pay an outstanding balance of approximately $1.6 million, per legal documents obtained by Us Weekly. Presley purchased her Coes Hall estate in Rotherfield, England, in 2010 with a loan from Barclays.
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?
I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.
Modern Florida businesses are often targeted by nefarious actors who seek to compromise confidential information to commit identity fraud and to sell the information on the black market. While businesses often work tirelessly to protect consumer data, the reality is, sometimes confidential information is compromised. For Florida businesses to minimize their trailing legal liability and exposure, they should ensure they adequately respond to any data breach.
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Modern Florida businesses are often targeted by nefarious actors who seek to compromise confidential information to commit identity fraud and to sell the information on the black market. While businesses often work tirelessly to protect consumer data, the reality is, sometimes confidential information is compromised. For Florida businesses to minimize their trailing legal liability and exposure, they should ensure they adequately respond to any data breach.
The chair of the Federal Communications Commission yesterday proposed making calls using voices generated by artificial intelligence artificial voices under the Telephone Consumer Protection Act, which would make the voice cloning technology used in robocall scams illegal.
In Career Counseling, Inc. v. Amerifactors Financial Group, LLC , the U.S. Court of Appeals for the Fourth Circuit upheld a district court’s decision denying class certification in a Telephone Consumer Protection Act (TCPA) case on the basis that the plaintiff failed to satisfy Rule 23’s “implicit further requirement of ascertainability.” The Fourth Circuit also upheld summary judgment against the defendant as to the individual claim finding the defendant was indeed the “sender” of the fax at is
A debt collector might sound like a character from a Charles Dickens novel, but if you’ve been contacted by one, you know they’re very much a reality of modern financial life. So, what exactly is a debt collector? Simply put, it’s an individual or a debt collection agency in the UK employed by a creditor to retrieve funds that are overdue.
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
PMSD is proud to announce that as part of his Community Association law practice, Partner, Thomas C. Martin, Esq., is attending the Institute of Real Estate Management Conference (“IREM”) on February 8, 2024, at the Ocean Casino Resort in Atlantic City, New Jersey. Mr. Martin represents numerous condominium associations, homeowners associations and property management companies throughout the state.
Dealing with unpaid debts can be a challenging aspect of financial management both for businesses and individuals. That’s where a debt collections service steps in—a critical intermediary that takes on the task of pursuing delinquent accounts to ensure that owed funds are recovered. In this blog post, we will explore the ins and outs of how debt collectors operate, the regulatory frameworks that guide them, and what individuals and businesses can expect when interacting with a debt collect
We are pleased to share our annual review of regulatory and legal developments in the consumer financial services industry. With active federal and state legislatures, consumer financial services providers faced a challenging 2023. Courts across the country issued rulings that will have immediate and lasting impacts on the industry. Our team of more than 140 professionals has prepared this concise, yet thorough analysis of the most important issues and trends throughout our industry.
Please join Troutman Pepper Partners Chris Willis and Michael Lacy for a special inside look at our annual publication of the Consumer Financial Services Year in Review and Look Ahead. In our eighth year of publishing this annual review of regulatory and legal developments in the consumer financial services industry, our team has prepared a thorough analysis of the most important issues and trends across 17 consumer protection areas.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
In this episode of Payments Pros, Keith Barnett is joined by James Stevens to discuss the Merchant Acquirer Limited Purpose Bank Charter (MALPB) in Georgia, a unique charter that allows companies to offer merchant payment processing services without a sponsoring partner bank. Despite being enacted 12 years ago, companies have been unable to utilize it due to card networks not allowing direct participation.
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