Consumer Finance

SEPTEMBER 10, 2023

The CFPB took action against Tempoe, LLC for tricking consumers into expensive leasing agreements by concealing the contract terms and costs, and failing to provide legally required disclosures.

Financial services 140

Financial services 140

FFGN COLLECT NY

SEPTEMBER 10, 2023

Should New York State Governor Kathy Hochul sign Bill S7476 , businesses may have more options when it comes to suing an out-of-state customer for non-payment in New York. The bill would essentially make it so that every company registered to do business in New York agrees that the New York courts have “jurisdiction” over them. It has always been possible to sue your out-of-state customer in New York if your business is an official entity with the state.

Judgment 52

Judgment Collections 52

Consumer Finance

SEPTEMBER 10, 2023

Director Chopra delivered prepared remarks on the CFPB’s mortgage rules.

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Foreclosure 82

Collection Industry News

SEPTEMBER 10, 2023

Oct 6 (Reuters) – Twenty-three Democratic U.S. senators on Friday urged congressional appropriators to increase spending on federal public defenders beyond what is proposed in pending spending legislation or risk significant job cuts. In a letter to the leaders of the U.S. Senate Appropriations Committee, the 23 senators said more money was needed for fiscal year 2024 than contemplated in pending spending bills to “maintain the right to counsel in federal court.” Those bills ha

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Government Collections 40

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.