Thu.Jul 25, 2024

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Daily Digest – July 25. Getting to Know Emily Adkins of Security Credit Services; Judge Denies MTD in FDCPA Case for Third Time

Account Recovery

Getting to Know Emily Adkins of Security Credit Services Judge Denies MTD in FDCPA Case for Third Time CFPB Warns Against Using NDAs to Block Whistleblowers Sen.

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CFPB Sues Rent-a-Center Affiliate Acima and Acima’s Founder Aaron Allred for Illegal Lending Practices

Consumer Finance

The CFPB sued a group of companies known as Acima for illegal lending activities in connection with as many as five million consumer financing agreements.

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Getting to Know Emily Adkins of Security Credit Services

Account Recovery

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

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Technology in credit management: 6 key learnings from 2024 

On Guard

Earlier in 2024, we surveyed 300+ CFOs and financial professionals in the Netherlands to study how they view current technology trends and their impact on the finance sector. The research findings were shared in four different whitepapers, entitled the FinTech Baropapers. Let’s sneak a peek at the key takeaways: #1 AI the leader in technology trends Although finance professionals see a major influence of big data (36%) and IoT (23%) on the financial process, they find AI (45%) the technology wit

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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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Judge Denies MTD in FDCPA Case for Third Time

Account Recovery

A District Court judge in Michigan is questioning the “aggressive” defense that has been mounted in a Fair Debt Collection Practices Act case, denying a motion to dismiss for the third time after the defendant accused the plaintiff of lying to prove he had standing to pursue his claim.

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CFPB Warns Against Using NDAs to Block Whistleblowers

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a warning to law enforcement agencies and other regulators that companies requiring employees to sign broad confidentiality agreements can potentially violate the Consumer Financial Protection Act.

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Sen. Warren Introduces Bill to Codify Chevron Into Law

Account Recovery

A group of Democratic Senators, including Sen. Elizabeth Warren [D-Mass.] and Sen. Bernie Sanders [I-Vt.], have introduced S. 4749, the Stop Corporate Capture Act (SCCA), which aims to codify the Chevron doctrine into law, thereby restoring and protecting the regulatory authority of federal agencies.

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