Account Recovery

OCTOBER 16, 2024

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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Consumer Finance

OCTOBER 16, 2024

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.

Lender 139

Lender Student Loans Student loans Loans 139

Account Recovery

OCTOBER 16, 2024

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.

Lender 130

Lender Loans Education Banks 130

Consumer Finance

OCTOBER 16, 2024

CFPB Associate Director Julie Margetta Morgan delivered remarks at the HealthWatch Wisconsin Medical Debt Symposium.

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Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

Account Recovery

OCTOBER 16, 2024

A new survey of economists conducted by The Wall Street Journal shows increasing optimism about the U.S. economy, forecasting steady growth and a gradually cooling labor market. Nearly three-quarters of the economists that participated in the survey believe that a Trump win in November will likely lead to higher inflation, up from just over 50% in July.

Lender 130

Lender Collections 130

Account Recovery

OCTOBER 16, 2024

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 ̷

Lender 130

Lender Collections 130

Account Recovery

OCTOBER 16, 2024

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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Accounts Receivables Management Collections 130