Mon.Sep 23, 2024

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CFPB Publishes Warning About Collecting From Surviving Spouses

Account Recovery

The Consumer Financial Protection Bureau on Friday turned its spotlight on the risks of attempting to collect on unpaid medical bills from surviving spouses, highlighting potential legal violations by collectors who may ignore legal nuances. By the numbers: The big picture: The CFPB is concerned that debt collectors may be misleading surviving spouses into paying deceased partners’ medical debts when they’re not legally obligated to do so.

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CFPB Report Highlights Challenges Facing Servicemembers and Veterans with Student Loans

Consumer Finance

The CFPB today issued its annual report on top financial concerns facing servicemembers, veterans, and military families.

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Judge Dismisses FDCPA Claims in Long-Running Student Loan Case

Account Recovery

When you file for bankruptcy protection and list certain entities as creditors, it can be hard to then file lawsuits accusing those creditors of violating the Fair Debt Collection Practices Act because they couldn’t prove they owned the debts in the first place, a District Court judge from Washington has ruled in partially granting motions to dismiss filed against a pair of plaintiffs in a long-running FDCPA case.

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

At Burt and Associates , we understand that navigating the world of debt collection can be tricky. From ensuring proper documentation to handling sensitive legal matters, avoiding common mistakes is crucial to success. This guide is designed to help businesses stay on top of their debt collection efforts while avoiding costly errors. 1. Keep Detailed Records One of the biggest mistakes in debt collection is not having the right paperwork.

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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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DFPI Takes Action Against Student Loan Debt Relief Companies

Account Recovery

The California Department of Financial Protection and Innovation (DFPI) continues to flex its enforcement muscle, recently announcing actions against three student loan debt relief companies that will see them pay more than $260,000 in penalties and restitution. These actions are part of DFPI’s broader efforts to protect consumers from predatory practices in the debt relief space.

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Daily Digest – September 23. Judge Dismisses FDCPA Claims in Long-Running Student Loan Case; CFPB Publishes Warning About Collecting From Surviving Spouses

Account Recovery

Judge Dismisses FDCPA Claims in Long-Running Student Loan Case CFPB Publishes Warning About Collecting From Surviving Spouses DFPI Takes Action Against Student Loan Debt Relief Companies Compliance Digest – September 23 WORTH NOTING: Which airports top the list for customer satisfaction … Starting this week and hanging around for a couple of months will be a second moon … Wonder Woman isn’t endorsing her own sister for a seat in Congress … What you need if you are looking

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Ethical Debt Collection: The importance of ethical practices in commercial collections

Collections Law

When it comes to commercial debt collection, ethics are the bedrock of sustainable success. At the Law Offices of Alan M. Cohen & Associates LLC, we fight aggressively and relentlessly to get you paid while adhering to the highest ethical standards. With more than 50 years of combined experience practicing commercial collections law in Massachusetts, our collections lawyers have an intricate understanding of the idiosyncrasies of federal, state and local laws that provide us with the legal m

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Avoiding Common Debt Collection Pitfalls

Burt and Associates

At Burt and Associates , we understand that navigating the world of debt collection can be tricky. From ensuring proper documentation to handling sensitive legal matters, avoiding common mistakes is crucial to success. This guide is designed to help businesses stay on top of their debt collection efforts while avoiding costly errors. 1. Keep Detailed Records One of the biggest mistakes in debt collection is not having the right paperwork.

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Statement of CFPB Director Rohit Chopra on the Justice Department’s Lawsuit Against Visa

Consumer Finance

CFPB Director Chopra issued a statement regarding DOJ’s lawsuit against Visa for illegally blocking competition in the debit card market.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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2024 FDCPA: Key Updates to the Fair Debt Collection Practices Act

Burt and Associates

The Fair Debt Collection Practices Act ( FDCPA ) is a cornerstone of consumer protection laws in the United States. It ensures that debt collectors adhere to specific ethical and legal standards when pursuing debts. Since its inception in 1977 and through several amendments (most notably Public Law 111-203 in 2010), the FDCPA has played a pivotal role in safeguarding consumer rights while also clarifying debt collectors’ obligations.

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Compliance Digest – September 23

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.