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.
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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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.
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.
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.
Consumer Finance
OCTOBER 22, 2024
Director Chopra delivered remarks at Georgetown University’s DC Fintech Week.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
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
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.
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: 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.
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.
Expert insights. Personalized for you.
145 
Let's personalize your content