Consumer Finance
AUGUST 20, 2024
The CFPB ordered Fay Servicing to pay a $2 million penalty for violations of mortgage servicing laws, and for violations of a 2017 agency order.
Account Recovery
AUGUST 20, 2024
Collectors Facing FDCPA Class Actions Over Timing of Digital Communications Judge Upholds Jury Ruling for Defendant in FDCPA Case Over BK Search Appeals Court Reverses Decision for Defendant in FCRA Case Over Dispute Investigation Sharing More Comments on CFPB’s Proposed Medical Debt Credit Reporting Rule WORTH NOTING: Busting three common myths about infidelity … A hack that can keep you healthy and get rid of your hiccups at the same time … Don’t be one of the many vehicle ow
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Account Recovery
AUGUST 20, 2024
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? Call (855) WEB-RECON or email admin@webrecon.net today!
Account Recovery
AUGUST 20, 2024
A District Court judge in New Jersey has denied a plaintiff’s motion for judgment notwithstanding the verdict in a Fair Debt Collection Practices Act case, ruling the jury did not act unreasonably when it ruled that the defendant had proved that it had reasonable procedures in place to scrub accounts to ensure the plaintiff had not filed for bankruptcy protection.
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
AUGUST 20, 2024
The Court of Appeals for the Sixth Circuit has reversed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act, ruling that the defendant did not follow reasonable procedures to ensure the accuracy of information in the plaintiff’s credit report. The Background: The suit originated when the plaintiff discovered that his efforts to refinance student loans and obtain personal loans were thwarted by inaccurate information in his credit r
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