Mon.Sep 30, 2024

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Judge Denies Class Certification Motion in FDCPA Case Over Second Validation Notice

Account Recovery

A District Court judge in Illinois has denied a plaintiff’s amended motion to certify a class in a Fair Debt Collection Practices Act case, ruling the plaintiff did not adequately follow instructions from the Seventh Circuit Court of Appeals in defining the limits of who could be included in the class. The background: The plaintiff filed this lawsuit because after disputing a debt, she received a letter from the defendant that included information about how she could dispute the debt.

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CFPB Takes Aim at Double Billing and Inflated Charges in Medical Debt Collection

Consumer Finance

The CFPB today issued guidance to prevent families from being targeted by illegal medical debt collection tactics for inaccurate or unsubstantiated bills.

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Where Consumers Turn for Financial Advice

Account Recovery

While it may seem like consumers these days are getting all of their financial advice from TikTok, that it not necessarily the case. But, as economic challenges mount, consumers are increasingly seeking financial advice from various sources, according to a published report. Many are turning to both traditional financial institutions and newer, technology-driven solutions like AI and social media.

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Consumer advisory: Pause and review your rights when you hear from a medical debt collector

Consumer Finance

Getting a call from a debt collector about medical costs can feel like it’s making a painful situation worse. Don’t pay just to make it go away. Know your rights and check the facts.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Daily Digest – September 30. Judge Denies Class Certification Motion in FDCPA Case Over Second Validation Notice; AI in Communications: FCC’s Rosenworcel Advocates for Transparency

Account Recovery

Judge Denies Class Certification Motion in FDCPA Case Over Second Validation Notice AI in Communications: FCC’s Rosenworcel Advocates for Transparency Where Consumers Turn for Financial Advice Compliance Digest – September 30 WORTH NOTING: The best Halloween decorations for those who like to spook up their yards … Eight skills to help you reduce anxiety and boost your mood … How a famous Miami restaurant makes its famous Cuban sandwiches … Prince fans should be jumping at this

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Compliance Digest – September 30

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Prepared Remarks of CFPB Director Rohit Chopra at a White House Convening on Medical Debt

Consumer Finance

Director Chopra delivered remarks about medical debt at a White House convening.

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AI in Communications: FCC’s Rosenworcel Advocates for Transparency

Account Recovery

FCC Chairwoman Jessica Rosenworcel recently addressed the Berkeley Law AI Institute, highlighting the agency’s efforts to regulate AI in communications and political advertising. Her remarks signal potential changes that could impact how her agency regulates AI-powered technologies for customer outreach and marketing. Why it matters: As AI becomes more prevalent in communications and marketing, financial services professionals need to stay informed about regulatory changes that could affec

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CFPB Actúa contra la Doble Facturación y Cargos Inflados en la Cobranza de Deudas Médicas

Consumer Finance

CFPB emite orientación para prevenir que las familias sean blanco de tácticas ilegales de cobro de deudas médicas por facturas inexactas o sin soporte.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Social Security’s death benefit has been $255 since 1954. Some senators want to change that

Collection Industry News

When a Social Security beneficiary dies, their loved ones may qualify for a one-time $255 lump-sum death payment. Yet that amount has not changed in 70 years — since 1954 — while inflation has pushed the costs for funerals higher. On Wednesday, Sen. Peter Welch, D-Vt., introduced a new bill, the Social Security Survivor Benefits Equity Act, to raise the lump-sum death benefit to $2,900 to reflect today’s cost of living.

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Consejos para el Consumidor: Espere y revise cuáles son sus derechos cuando le llame un cobrador de deudas médicas

Consumer Finance

La llamada de un cobrador sobre costos médicos puede parecer que empeora una situación que ya es mala. No pague porque no quiere recibir más llamadas. Conozca sus derechos y revise los datos.