Tue.Apr 23, 2024

article thumbnail

Judge Denies Class Certification in FDCPA Case Over Lack of Standing

Account Recovery

Judge Esther Salas of the District Court for the District of New Jersey was on a roll last Thursday, denying class certification in two separate Fair Debt Collection Practices Act cases against the same defendant, largely for the same reasons.

article thumbnail

CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees charged by mortgage servicers.

134
134
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Digest – April 23. Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking; QR Codes Called ‘The Driving Force’ Behind Faster Payments

Account Recovery

Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking QR Codes Called ‘The Driving Force’ Behind Faster Payments N.Y.

article thumbnail

Unleash the power of Rule 69 to help you collect on your judgment

Collections Law

Winning a judgment from the court might feel like a victory, but getting paid might be a whole new battle that you and your company were not expecting. At Law Offices of Alan M. Cohen & Associates LLC, our Massachusetts commercial collections attorneys have over 50 years of experience in aggressive, relentless, effective and commercial debt collection including but not limited to judgment enforcement and domestication.

article thumbnail

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?

article thumbnail

Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking

Account Recovery

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?

130
130

More Trending

article thumbnail

N.Y. Lawmaker Blasts Hospital Debt Collection Bill

Account Recovery

It may seem as though all the momentum is behind those pushing to enact medical debt collection and credit reporting bills in state legislatures across the country, but there was a report where one lawmaker stood up and spoke about how much a plan to prohibit hospitals from filing collection lawsuits against patients who earn […]

article thumbnail

How Medical Debt Can Impact Your Credit Score

Credit Corp

Medical debt can negatively impact your credit score by increasing your credit utilization ratio. Or, if you don’t pay off the debt, by being listed as a charge-off or an item in collections on your credit reports. Medical debt can have a direct impact on your credit score in a few different ways. How it will affect your credit score will depend on a few different factors, like: Where you check your credit score How much medical debt you have How long you’ve had that medical debt If you’ve fully

article thumbnail

QR Codes Called ‘The Driving Force’ Behind Faster Payments

Account Recovery

QR codes have emerged as a powerful tool in the ‘last mile’ of payment adoption, especially at the point of sale (POS). This technology facilitates faster payments by enabling a simple scan-and-pay method, which is significantly quicker than traditional payment methods.

article thumbnail

Acquiring a Judgment Debtor’s Interest in an LLC

FFGN COLLECT NY

New York debt collection laws allow judgment creditors many ways to collect from debtors. One option available is to take over or “charge” a judgment debtor’s interest in an LLC or limited liability company. An LLC is a separate entity that offers personal liability to each of the shareholders or stockholders. An individual and/or corporation may have an interest in an LLC, and that interest is fair game when it comes to judgment enforcement in New York.

article thumbnail

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.

article thumbnail

Member Spotlight: For the Love of Credit

NACM

B2B trade credit professionals are not confined to any one set of responsibilities or one single role. It's a profession that branches out into multiple areas of work. Even for those who did not start out in the profession at the beginning of their career—credit has opened doors for new opportunities. Through NACM's Professional Certification Progr.

Trade 4