Wed.Oct 16, 2024

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Daily Digest – October 16. Judge Denies MJOP in FDCPA Class Action Over ‘Junk’ Fees; More Economists Optimistic About Growth, Less Worried About Inflation

Account Recovery

Judge Denies MJOP in FDCPA Class Action Over ‘Junk’ Fees More Economists Optimistic About Growth, Less Worried About Inflation Redlining Accusations Lead to $9M Enforcement Action for Lender 24 Companies Seeking Collection Talent WORTH NOTING: It’s an uncomfortable topic, but most of us will have to deal with it: How to prepare for the death of your parents … Tips to make the inside of your house look more expensive … You can have a say in choosing the next Tic Tac flavor ̷

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CFPB Sues Student Lender Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs

Consumer Finance

Today, the CFPB sued student lender Climb Credit and 1/0 (“one zero”) for misrepresenting the quality of the programs at their partner schools and making false claims about graduates’ outcomes.

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24 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.

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Judge Denies MJOP in FDCPA Class Action Over ‘Junk’ Fees

Account Recovery

A District Court judge in Washington has denied a defendant’s motion for judgment on the pleadings in a Fair Debt Collection Practices Act class-action case over alleged “junk” fees, ruling that the plaintiffs adequately pleaded plausible claims under the FDCPA and related state consumer protection laws. What makes this case even more interesting is that the Consumer Financial Protection Bureau has filed its own amicus brief in favor of the plaintiffs.

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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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Redlining Accusations Lead to $9M Enforcement Action for Lender

Account Recovery

The Consumer Financial Protection Bureau and the Department of Justice yesterday announced a settlement with Fairway Independent Mortgage Corp. over allegations that the company engaged in redlining by discriminating against minority borrowers in Birmingham, Ala. The settlement, which could total over $9 million, includes both penalties and funds aimed at increasing access to mortgage loans for these historically underserved communities.

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