Wed.Sep 11, 2024

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CFPB Bans Navient from Federal Student Loan Servicing and Orders the Company to Pay $120 Million for Wide-Ranging Student Lending Failures

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order against the student loan servicer Navient for its years of failures and lawbreaking.

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Regina Slowey Joins Barron & Newburger, P.C. as New President and CEO

Account Recovery

Regina M. Slowey has joined Barron & Newburger, P.C., expanding the firm’s footprint into Michigan. She has taken on the position of President and CEO of the firm. With Ms. Slowey’s strong background in managing legal teams and a commitment to innovative leadership, will oversee the firm’s thirteen offices, bringing a fresh perspective to guide the firm’s future.

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Prepared Remarks of CFPB Director Rohit Chopra on the Navient Enforcement Action Press Call

Consumer Finance

Director Chopra delivered remarks on the CFPB’s enforcement action against Navient.

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Daily Digest – September 11. Comment Period Opens on FCC AI-Generated Calls; Judge Denies MTD in FCRA Case Over Investigation into ID Theft Claim

Account Recovery

Comment Period Opens on FCC AI-Generated Calls Judge Denies MTD in FCRA Case Over Investigation into ID Theft Claim How AI Can Help or Hurt The Collection of Medical Debt 27 Companies Seeking Collection Talent Finvi Announces the General Availability of Velosidy, its SaaS Collections and Payments Platform WORTH NOTING: If you want to get better at taking pictures of birds, here are some insights from experts … What happens when you leave behind a bag of Cheetos in a national park … H

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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Navigating HB 1203: Changes Impacting Homeowners’ Associations in Florida

Jimerson Firm

Part II: New Rights and Protections for Homeowners On July 1, 2024, CS/CS/HB 1203 became effective, which created significant changes impacting homeowners’ associations (“HOA”) in Florida. Those changes include new educational requirements for community association managers and HOA directors, access to certain HOA records, prohibitions against a HOA limiting or placing requirements on the interior of a home, and prohibitions against a HOA from preventing a homeowner from installing or displayin

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What Does a Debt Collection Attorney Do?

FFGN COLLECT NY

A debt collection attorney is an attorney like all others. All attorneys graduate from law school with a JD, or juris doctor. All attorneys receive this degree, regardless of their specialty or focus during their career. Some attorneys may choose to further their legal education by pursuing a secondary degree, such as an LLM (master of laws). Attending and successfully graduating from law school does not qualify one to practice law.

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Judge Denies MTD in FCRA Case Over Investigation into ID Theft Claim

Account Recovery

Investigating disputes, especially in a situation where an individual is claiming to be the victim of identity theft, is important. A District Court judge in Minnesota has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act because it failed to investigate a dispute filed by the plaintiff, who had her identity stolen by the girlfriend of her brother in order to purchase a used car.

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Navigating HB 1203: New Changes Impacting Homeowners’ Associations in Florida

Jimerson Firm

Part I: New Educational and Regulatory Requirements for HOA Board Members, Community Association Managers, and Homeowners’ Associations On July 1, 2024, CS/CS/HB 1203 became effective, which created significant changes impacting homeowners’ associations (“HOA”) in Florida. Those changes include new educational requirements for community association managers and HOA directors, access to certain HOA records, prohibitions against a HOA limiting or placing requirements on the interior of a home, an

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How AI Can Help or Hurt The Collection of Medical Debt

Account Recovery

What happens when you take two of the most popular topics being discussed in collections today — healthcare debt and artificial intelligence — and you put them together? There is a concern that hospitals are using third-parties that are deploying artificial intelligence tools and algorithms to make decisions about charity care and financial eligibility for patients, which could potentially limit access to those programs and cause problems for the healthcare providers as well as compa

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

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.

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Comment Period Opens on FCC AI-Generated Calls

Account Recovery

The comment period officially opened yesterday on a Federal Communications Commission proposal to regulate the use of artificial intelligence in robocalls and robotexts. Why it matters: The proposed rules could significantly impact how collection agencies and financial institutions communicate with consumers, potentially requiring new disclosures and consent processes.