Account Recovery

DECEMBER 3, 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!

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Fair Debt Collection Collections 130

Consumer Finance

DECEMBER 3, 2024

Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators issued a statement today to provide supervised institutions with examples of risk management and other practices that may be effective in combatting elder financial exploitation.

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Account Recovery

DECEMBER 3, 2024

A New Jersey Appeals Court has affirmed the dismissal of a Fair Debt Collection Practices Act lawsuit after the plaintiff claimed to be confused about to whom the debt was owed. The background: The case began when the plaintiff received a letter from the defendant that attempted to collect on a retail credit card debt for which the credit card was issued by a financial institution.

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Financial Institution Credit Card Debt Fair Debt Collection Retail 130

Consumer Finance

DECEMBER 3, 2024

The CFPB permanently banned Student Loan Pro and Judith Noh, its owner, from providing consumer financial products after violations of the Telemarketing Sales Rule.

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Student loans Student Loans Loans 52

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

DECEMBER 3, 2024

There has been plenty of complaints about social media platforms like TikTok dispelling some crazy myths and strategies for consumers to try and get out of paying a debt, but maybe it can help consumers get out of debt, too. Could you see instructing your collectors to suggest opening up a TikTok account as a means of getting a consumer to raise money to repay a debt?

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Account Recovery

DECEMBER 3, 2024

Collector Facing FDCPA Class Action Over Dispute Language in MVN N.J. Appeals Court Affirms Dismissal of FDCPA Case Over Multiple Names in Letter How TikTok is Helping Consumers Pay Off Debts More Consumers Going Mobile: How Apps and Digital Wallets Are Leading the Charge WORTH NOTING: One of the biggest debates in the Gibb household — which is better: Google Maps or Waze?

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