Account Recovery
JUNE 4, 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?
Consumer Finance
JUNE 4, 2024
Today, the CFPB finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.
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Account Recovery
JUNE 4, 2024
Alleged Communication Conflicts Lead to FDCPA Suit Against Collector CFPB Creates Corporate Offender Registry for Non-Banks NJ AG Proposed Disparate Impact Rule to Fight Discrimination Judge Grants Default Judgment for Plaintiff in FDCPA Case Over Text Message Sent After Cease Request WORTH NOTING: How artificial intelligence can help you get better sleep … The latest […]
Credit Corp
JUNE 4, 2024
Some reasons that your score hasn’t changed (or gone up) could be that the bureaus haven’t updated your credit profile yet, a bad credit utilization ratio, serious negative items outweighing recent good behavior, or errors on your credit. However, if you’ve been diligently working to improve your credit score but haven’t seen any progress, it can be frustrating.
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
JUNE 4, 2024
The Consumer Financial Protection Bureau yesterday announced the publication of a final rule that will create a registry aimed at detecting and deterring corporate offenders who have violated consumer protection laws. This registry will track companies subject to federal, state, or local government or court orders, helping to identify repeat offenders and trends in recidivism.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 4, 2024
The Attorney General of New Jersey yesterday announced a proposed rule that clarifies prohibitions against disparate impact discrimination, including financial situations, and outlines how neutral policies can still result in unlawful discrimination.
UK debt collections
JUNE 4, 2024
A record number of Debt Relief Orders (DROs) were taken out in April, as the £90 fee for the insolvency option was scrapped. DROs are available to those on low incomes and clear existing debt on everything from council tax to energy bills and rent. Some 3,436 Debt relief orders were taken out in April – the highest monthly number since they were introduced in 2009, figures from the Insolvency Service , external show.
Account Recovery
JUNE 4, 2024
A District Court judge in Florida has granted a plaintiff’s motion for default judgment in a Fair Debt Collection Practices Act case after the defendant replied to a cease communication text message with an inquiry about the plaintiff’s ability to make a partial payment. The plaintiff is seeking almost $5,000 in damages and attorney’s fees.
UK debt collections
JUNE 4, 2024
UK Finance has released its latest Household Finance Review for Q1 2024 with the reporting highlighting that mortgage borrowing has decreased when compared with the same period the year before, despite a rise in mortgage applications at the end of 2023. Towards the end of last year as mortgage borrowing rates started to reduce, there was a noticeable uptick in the number of mortgage applications.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
Consumer Finance
JUNE 4, 2024
CFPB finaliza normativa delineando las calificaciones para el establecimiento de las organizaciones que desarrollarán los estándares de la banca abierta.
Credit Corp
JUNE 4, 2024
Buying your first home is an exciting milestone. You’ve worked hard to improve your credit, save up a down payment, and set aside enough money to cover the cost of unexpected repairs. If you want the process to go smoothly, it’s important to understand each step. Once a seller accepts your offer, you’ll need to pay for an appraisal. But how much is an appraisal fee?
UK debt collections
JUNE 4, 2024
An emergency can disrupt your flow and cause massive havoc. Mass discord and hysteria among people can lead to more casualties. Therefore, emergency alert systems have emerged as a valuable tool to mitigate such risks. Among these, sound beacons have become a valuable contributor. While countless options are available to select sounder beacons, RS Group has surpassed quality expectations.
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