Fri.Dec 01, 2023

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Daily Digest – December 1. Complaints Accuse Collectors of Ignoring Requests to Communicate via Specific Channels; Judge Grants MTD in FDCPA Class Action Over Credit Reporting Language in Letter

Account Recovery

Complaints Accuse Collectors of Ignoring Requests to Communicate via Specific Channels Judge Grants MTD in FDCPA Class Action Over Credit Reporting Language in Letter Bill Introduced in Senate to Criminalize Illegal Robocallers Appeals Court Affirms Dismissal of FDCPA Suit Against Creditor WORTH NOTING: Meet a species of penguins that take 10,000 little naps every day […]

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2023 Review: Capital One Spark Cash Plus

Credit Corp

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Snapshot: The Capital One Spark Cash Plus is ideal for small business owners with excellent credit.

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Judge Grants MTD in FDCPA Class Action Over Credit Reporting Language in Letter

Account Recovery

It is very uncommon for a ruling at the District Court level in a Fair Debt Collection Practices Act case to not only have a Table of Contents, but one with sections and subsections, even if it is a class action. At the start, that’s a sign that this is not your ordinary ruling.

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Sharp increase in number of CCJs issued in Q3, 2023

UK debt collections

The latest figures for the number of CCJs issued has been released by the Registry Trust. The report is for months July, August and September. Also referred to as Q3. The full report released from the Registry Trust detailing the number of ccjs issued is as follows: The total number of judgments registered in the British Isles in Q3 2023 was 259,343.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Complaints Accuse Collectors of Ignoring Requests to Communicate via Specific Channels

Account Recovery

EDITOR’S 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?

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Bill Introduced in Senate to Criminalize Illegal Robocallers

Account Recovery

A bill has been introduced in the Senate that would criminalize certain provisions of the Telephone Consumer Protection Act while also increasing the maximum financial penalties for violating certain provisions of the Act. The Details: The bill, called the Deter Obnoxious, Nefarious, and Outrageous Telephone (DO NOT) Call Act was introduced by Sen.

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Citing Recent Precedent, Third Circuit Finds Plaintiff Lacks Standing Based on Informational Injury Doctrine in FDCPA Class Action

Troutman Sanders

On November 22, the Third Circuit Court of Appeals issued a decision finding that the plaintiff lacked Article III standing in a putative class action brought under the Fair Debt Collection Practices Act (FDCPA). In Morales v. Commonwealth Financial Systems, Inc. , the plaintiff incurred a debt to a medical services provider. The debt was assigned to another entity and then referred to the defendant for collection.

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Appeals Court Affirms Dismissal of FDCPA Suit Against Creditor

Account Recovery

As I have stated, on numerous occasions, I am not a lawyer.

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New Generation of Credit Managers Take a Fresh Approach to Customer Relationships

NACM

?️ On today's episode of NACM's Extra Credit podcast. As the new generation of credit professionals takes over the B2B credit industry, they are approaching customer relationships differently. However, the goals remain the same—create a strong sense of trust, improve customer service and mitigate risk.⭐ Hear from Jason Mott; Dr. Merry Duan.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.