Mon.Jun 17, 2024

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Judge Dismisses FDCPA Suit Seeking Millions in Damages, Suspension of Lawyers’ Licenses

Account Recovery

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.

Lawyers 147
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CFPB Takes Action Against Repeat Offender Freedom Mortgage Corporation for Violating Law Enforcement Order and for Housing Data Errors

Consumer Finance

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.

Loans 121
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Ambulance Fees Send Those Needing Care to Other Sources: Poll

Account Recovery

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.

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CFPB Takes Action Against Sutherland Global and NOVAD Management Consulting for Reverse Mortgage Servicing Failures

Consumer Finance

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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4 Things Great Companies Do to Improve Cash Flow

Speaker: Don Gallianza, Credit Manager at Chevron Phillips Chemical and Indy Chakrabarti, Chief Marketing Officer at HighRadius

4 Case Studies to Optimize DSO 26 Days Sales Outstanding. Already better than most. But, should you improve on that? Why would 3 fewer days even matter? It matters because it fundamentally transforms business outcomes. Join this webinar to explore 4 things companies do to reclaim hard dollars - not just soft costs - and go from good to great! What You'll Learn 6 operational KPIs every AR manager should track: Define and track these metrics to enhance performance, drive efficiency, and make infor

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Compliance Digest – June 17

Account Recovery

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.

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R.I. Legislature Passes Medical Debt Credit Reporting Prohibition Bill

Account Recovery

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.

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European companies should expect higher DSO in 2024

On Guard

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.