Account Recovery

DECEMBER 18, 2023

Nearly nine million people who have student loans have not yet made a payment after the moratorium on student loan payments ended three months ago, according to a published report that cited information from the Education Department.

Student loans 147

Student loans Student Loans Loans Education 147

Consumer Finance

DECEMBER 18, 2023

The Consumer Financial Protection Bureau ordered U.S. Bank to pay nearly $21 million for keeping consumers from accessing unemployment benefits during the COVID-19 pandemic.

Banks 144

Banks Financial services 144

Account Recovery

DECEMBER 18, 2023

Bill Introduced in House to Clarify ‘Abusive’ Acts or Practices Under CFPA Millions Still Not Making Payments on Student Loans Debt Collector to Shut Down Under Enforcement Order with CFPB Compliance Digest – December 18 WORTH NOTING: The right way to clean a toilet … “Jeopardy” is back to having a single host … “Coffee […]

Student loans 147

Student loans Student Loans Loans Debt collector 147

Consumer Finance

DECEMBER 18, 2023

The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees, despite recent changes implemented by banks and credit unions that have eliminated billions of dollars in fees charged each year.

Credit Unions 138

Credit Unions Credit Unions Banks 138

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

DECEMBER 18, 2023

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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Account Recovery

DECEMBER 18, 2023

A bill has been introduced in the House of Representatives that seeks to “clarify” the standards for what defines Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) under the Consumer Financial Protection Act with respect to enforcement actions brought by the Consumer Financial Protection Bureau. The Background: The bill, H.R.

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Taurus Collect

DECEMBER 18, 2023

In the dynamic world of business, maintaining a steady cash flow can be a challenge, particularly when clients fail to settle their debts on time. This is where a commercial debt collection agency comes into play. One of the key trends in this industry is the ‘no collection no fee debt collection’ approach, a cost-effective solution for businesses grappling with unpaid debts.

Collection Agencies 52

Collection Agencies Collections Agency Debt Recovery Collections 52

Troutman Sanders

DECEMBER 18, 2023

On December 15, the Consumer Financial Protection Bureau (CFPB) announced it had reached a settlement with medical debt collector Commonwealth Financial Systems, Inc. (Commonwealth) in its lawsuit over alleged illegal debt collection practices. Specifically, the CFPB alleged that Commonwealth failed to conduct reasonable investigations of disputes and violated the Fair Debt Collection Practices Act (FDCPA) by attempting to collect disputed debt without obtaining substantiating documentation.

Debt collector 52

Debt collector Collections Fair Debt Collection Debtor 52

Taurus Collect

DECEMBER 18, 2023

Managing finances is a crucial aspect that determines the success and sustainability of a company. An inevitable part of this financial management is the realm of commercial debt collection. It’s a challenging arena that many businesses often grapple with. Whether you’re a small business owner or a financial manager in a large corporation, understanding the best practices for commercial debt collection can dramatically enhance your cash flow and protect your business’s financia

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Collections Debtor Debt Recovery Collection Agencies 52

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.

Banks