Enterprise Recovery
OCTOBER 21, 2024
Do you tense up every time you run your business's aging report ? Instead of feeling helpless about delinquent accounts, you can stay calm and take proactive steps to manage the situation. By adopting a strategic approach, you can implement practical solutions to increase your success at recovering outstanding payments. Tired of chasing overdue invoices?
Consumer Finance
OCTOBER 21, 2024
The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.
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Account Recovery
OCTOBER 21, 2024
ACA International on Friday sent out an alert to its members letting them know that the association, on behalf of one of its members, has filed a lawsuit seeking to block the enactment of debt collection rules that are slated to go into effect in New York City in December. The suit, filed against New York City Mayor Eric Adams, the city’s Department of Consumer and Worker Protection, and DCWP Commissioner Vilda Vera Mayuga, argues that the new rule, which is set to take effect on December
Consumer Finance
OCTOBER 21, 2024
Director Chopra delivered remarks at the Federal Reserve Bank of Philadelphia about the CFPB’s Personal Financial Data Rights Final Rule.
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
OCTOBER 21, 2024
A District Court judge in California has essentially split the difference in determining the amount of attorney’s fees in a Fair Debt Collection Practices Act case by lowering the hourly rate awarded to plaintiff’s attorneys and removing the lodestar multiplier because “there were no novel or difficult issues presented and the time and labor spent to resolve the matter was minimal.” The background: The plaintiff initially filed the lawsuit, accusing the defendant of viola
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 21, 2024
The concurrent trends of consolidation in the number of hospitals and healthcare providers nationwide and the growth in the amount of unpaid medical debt may be related to the concentration of healthcare providers in that area, according to the results of a new report, released last week by The Urban Institute. When fewer hospitals are serving a market, prices rise, leaving patients with fewer affordable options.
Burt and Associates
OCTOBER 21, 2024
About Transcript About I. Introduction: The Evolving Landscape of California Debt Collection This section introduces the importance of staying informed about the latest compliance requirements for debt collection in California, particularly for businesses operating under the Department of Financial Protection and Innovation (DFPI). II. Designated Email Update: A Crucial Communication Channel This section details the new requirement for businesses to designate a generic email address for official
Collections Law
OCTOBER 21, 2024
At Law Offices of Alan M. Cohen & Associates LLC, our commercial collections lawyers have more than 50 years of combined experience. They have dedicated their practice to collecting commercial debts in Massachusetts. Using methods available under state and federal laws, our ethical debt collection lawyers fight to get you paid, and they do so relentlessly and aggressively.
Debt Free Colorado
OCTOBER 21, 2024
Our Bankruptcy Lawyers are Your Local Legal Lifeline Are you looking for bankruptcy lawyer in Denver, CO ? When considering bankruptcy, having an experienced attorney by your side is essential. Bankruptcy laws can be complex and are always subject to change. A skilled Denver bankruptcy lawyer can easily navigate this legal process’s ins and outs.
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.
Burt and Associates
OCTOBER 21, 2024
As part of Burt and Associates’ ongoing commitment to staying compliant with state regulations, the debt collection industry is witnessing several critical updates—particularly in California , where evolving rules are reshaping operational practices. With deadlines fast approaching and strict regulations enforced by the Department of Financial Protection and Innovation (DFPI) , businesses must remain proactive to avoid disruptions and ensure compliance.
Account Recovery
OCTOBER 21, 2024
ACA International Sues NYC Over New Debt Collection Regs Hospital Market Concentration Linked to Higher Medical Debt Burdens, Study Finds Judge Halves Plaintiff’s Request for Attorney’s Fees in FDCPA Case Compliance Digest – October 21 WORTH NOTING: Five questions to help you narrow down who to dress up as for Halloween … Why you may want to think twice about unpacking as soon as you get home from a trip … This is the kind of accident we can all get behind … New York Community
Consumer Finance Watch
OCTOBER 21, 2024
The Foreclosure Abuse Prevention Act (“FAPA”) has been heavily litigated since its enactment in December 2022. New York courts have issued conflicting decisions interpreting FAPA, including whether the statute applies retroactively to conduct that occurred prior to its enactment and whether retroactive application is unconstitutional. Lenders, mortgage servicers, and other financial institutions should take note that the Second Circuit has certified the question of FAPA’s retroactive application
Account Recovery
OCTOBER 21, 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.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
Collection Industry News
OCTOBER 21, 2024
Latest relief under Public Service Loan Forgiveness (PSLF) Program brings total loan forgiveness approved by the Administration to over $175 billion for more than 4.8 million Americans The Biden-Harris Administration announced today the approval of approximately $4.5 billion in additional student loan relief for over 60,000 borrowers across the country who work in public service.
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