Account Recovery
OCTOBER 22, 2024
A District Court judge granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were barred because they should have been addressed in an earlier case instead of a separate lawsuit being filed. The background: The plaintiff filed bankruptcy protection in January 2020, listing the debt in question.
True Accord
OCTOBER 22, 2024
The big inflation situation plaguing the U.S. for the past three years seems to be coming to an end, and it could be that American consumers are partially to thank. Tired of paying higher prices, consumers increasingly turned to cheaper alternatives, bargain hunted or simply avoided items they found too expensive, pressuring retailers to accommodate them or lose their business.
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Account Recovery
OCTOBER 22, 2024
SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development. Levy, founder of Levy & Associates, LLC, a multi-state collection law firm, and former President of the National Creditors Bar Association (NCBA), brings decades of debt collection expertise to the company.
Consumer Finance
OCTOBER 22, 2024
The CFPB took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.
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?
Inside ARM
OCTOBER 22, 2024
Editor's Note: This article was originally published on the Buckley (now Orrick) InfoBytes Blog and is republished here with permission.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 22, 2024
The Financial Technology Association (FTA) has filed a lawsuit against the Consumer Financial Protection Bureau and its Director, Rohit Chopra, in the District Court for the District of Columbia. The dispute centers around the CFPB’s “Buy Now, Pay Later” (BNPL) rule, which, the FTA argues, the Bureau overstepped its authority in enacting and did not follow the proper procedure for creating the regulation.
Consumer Finance
OCTOBER 22, 2024
The CFPB is taking action against two of our country’s most powerful corporations, Apple and Goldman Sachs.
Account Recovery
OCTOBER 22, 2024
Collector Facing Class Action for Sending MVN to Recover Settled Debt Judge Grants MSJ For Defendant in FDCPA Case Over Attempt to Collect Discharged Debt CFPB Sued By Trade Group Over BNPL Rule NY DFS Releases Guidance to Address AI-Related Cybersecurity Risks Yale Levy Joins SoloSuit to Lead Growth of SoloSettle WORTH NOTING: It’s open enrollment season.
Account Recovery
OCTOBER 22, 2024
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!
Speaker: Melissa Hurrington
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.
Account Recovery
OCTOBER 22, 2024
The New York Department of Financial Services has released new guidance addressing the risks associated with artificial intelligence in the financial services industry, specifically to do with cybersecurity. The big picture: As AI adoption accelerates across the financial sector, cybercriminals are leveraging this technology to enhance their attack capabilities, making financial institutions increasingly vulnerable to sophisticated cyber threats.
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