Account Recovery
JUNE 17, 2024
A District Court judge in Arizona has granted a motion to dismiss filed by the defendants in a Fair Debt Collection Practices Act case, ruling that the plaintiff already had one kick at the can in a nearly identical lawsuit against the defendants and thus can’t be allowed a second kick.
Consumer Finance
JUNE 17, 2024
The CFPB ordered a reverse mortgage servicing operation to stop illegal activities that harmed older homeowners and caused them to fear losing their homes.
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Account Recovery
JUNE 17, 2024
While nearly half of consumers have been transported by an ambulance at some point in their lives, more individuals are forgoing taking rides in them because they can’t afford the costs, according to the results of a recent poll.
Consumer Finance
JUNE 17, 2024
The CFPB filed a proposed order that would require Freedom Mortgage Corporation to pay a $3.95 million penalty for submitting error-riddled mortgage loan data.
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?
Account Recovery
JUNE 17, 2024
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 17, 2024
Both chambers of the Rhode Island legislature have passed a bill that would prohibit credit reporting of medical debts as a means of protecting residents from the adverse credit impacts of medical debt. The bills, sponsored by Rep. Mary Ann Shallcross Smith and Sen. Melissa A.
Collection Industry News
JUNE 17, 2024
While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S. household debt reached a record high of $17.3 trillion, according to data from the Federal Reserve Bank of New York (NYFRB). We took an in-depth look at the state of household debt in the U.S. at the outset of 2024.
On Guard
JUNE 17, 2024
Research by Onguard earlier this year showed that almost half of organisations in the Netherlands have to wait more than 30 days for their invoices to be paid. The findings are confirmed in a recent study by Allianz, unveiling an increase in global DSO by +3 days in 2023. A high Days Sales Outstanding (DSO) means that it takes longer for a company to collect money from its customers after making a sale.
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