Tue.Jan 14, 2025

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Judge Grants MTD in FDCPA Case Over Email-Only Communication Demand

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion to dismiss after it was sued for sending a letter to an individual who had indicated that email was the only convenient channel of communication. The ruling, issued by Judge Georgia N. Alexakis of the District Court for the Northern District of Illinois, was based on the fact that the plaintiff lacked standing to sue because she did not suffer a concrete injury.

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Consumer advisory: Beware of costly, risky, and complex home equity “investment” contracts

Consumer Finance

A summary of the risks consumers face with home equity investment contracts and agreements, including high costs, lack of disclosures, forced sale of home, and liens.

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Collector Facing FDCPA Class Action for Not Including Validation Info in Non-MVN Initial Notice

Account Recovery

EDITORS 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? Call (855) WEB-RECON or email admin@webrecon.net today!

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Form Matters When Interpreting If a Guaranty Is Personal or Corporate

FFGN COLLECT NY

A guaranty is a written promise by one person to pay another’s debt. In a commercial setting, a guaranty is typically the promise of an owner or officer to pay the debt of a corporate entity should it default on its obligation. A commercial guaranty provides additional security and consideration for the creditor. It’s an additional incentive for the corporate entity to fulfill its obligations.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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CFPB Proposes Rule to Protect Consumers from Unfair Contract Clauses

Account Recovery

The Consumer Financial Protection Bureau yesterday announced a proposed rule aimed at curbing the use of unfair clauses in consumer financial contracts that undermine fundamental rights. The new rule seeks to protect consumers from being forced to waive legal rights, suppress free speech, or endure unilateral changes to contract terms by financial companies.

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Working at Onguard: Meet Natascha 

On Guard

When starting your career as a pedagogist and a dance teacher, you dont expect to end up excelling in B2B sales. But these two might not be so far apart. For Natascha, the link is clear: persuasion and instilling enthusiasm. This is her story. She has been working at Onguard for 24 years, she loves philosophy and art, and she is Onguards go-to person for sustainability, a former active member of the work council, the organisations Unicef project team member, and a gender diversity advocate.

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ABA Sends Letter to President-Elect Trump Calling for Immediate Regulatory Pause

Account Recovery

As President-Elect Donald Trump prepares to take office for a second term, the American Bankers Association, along with 52 state banking affiliates, sent the president-elect a letter, urging a complete halt to all ongoing regulatory actions impacting the financial sector. The ABA is asking the incoming administration to pause regulatory work across all financial agencies, including independent bodies, and extend the effective dates of final regulations until new teams have had a chance to review

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Daily Digest – January 14. Collector Facing FDCPA Class Action for Not Including Validation Info in Non-MVN Initial Notice; ABA Sends Letter to President-Elect Trump Calling for Immediate Regulatory Pause

Account Recovery

Collector Facing FDCPA Class Action for Not Including Validation Info in Non-MVN Initial Notice Judge Grants MTD in FDCPA Case Over Email-Only Communication Demand CFPB Proposes Rule to Protect Consumers from Unfair Contract Clauses ABA Sends Letter to President-Elect Trump Calling for Immediate Regulatory Pause WORTH NOTING: Dementia is on the rise.

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