Mon.Aug 12, 2024

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CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail

Consumer Finance

The CFPB released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed.

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Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter

Account Recovery

In a case that was defended by Jeff Turner and David Shaver at Surdyk Dowd & Turner, a District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act because it did not specify whether interest was accruing on the debts or whether the statute of limitations had expired.

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Consumer advisory: Help is available for people facing housing problems because of a contract for deed

Consumer Finance

People living in a home paid for through a contract for deed can seek help to stay in their home instead of losing it when trouble strikes.

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Compliance Digest – August 12

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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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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Prepared Remarks of CFPB Director Rohit Chopra at the CFPB’s Field Hearing in St. Paul, Minnesota

Consumer Finance

Director Rohit Chopra discussed contracts for deed and the CFPB’s housing efforts at a field hearing in St. Paul, Minnesota.

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Daily Digest – August 12. Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter; Appeals Court Blocks Student Loan Repayment Program

Account Recovery

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in circles … Scientists have come up with the ideal amount of screen time for kids … The seven states that are going to decide the presidenti

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Compliance Digest – August 12

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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Debt Collectors Banned Over Fraudulent Medical Billing Scheme

Account Recovery

Three Oklahoma men and their companies have been permanently barred from debt collection activities after running a fraudulent scheme targeting servicemembers, veterans, and seniors.

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Daily Digest – August 12. Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter; Appeals Court Blocks Student Loan Repayment Program

Account Recovery

Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter Appeals Court Blocks Student Loan Repayment Program Debt Collectors Banned Over Fraudulent Medical Billing Scheme Compliance Digest – August 12 WORTH NOTING: The world’s largest iceberg — the size of Rhode Island — is stuck and spinning in circles […]

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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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Judge Grants MSJ For Defense in FDCPA Case Over Lack of SOL, Interest Disclosures in Letter

Account Recovery

In a case that was defended by Jeff Turner and David Shaver at Surdyk Dowd & Turner, a District Court judge in Michigan has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act because it did not specify whether interest was accruing on the debts […]

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Appeals Court Blocks Student Loan Repayment Program

Account Recovery

The Court of Appeals for the Eighth Circuit on Friday issued a preliminary injunction against President Biden’s SAVE income-driven repayment plan, which was designed to reduce monthly payments and expedite debt relief for approximately eight million student loan borrowers. This legal decision follows a temporary stay placed on the plan in July, initiated by a lawsuit from Missouri’s Attorney General.

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Appeals Court Blocks Student Loan Repayment Program

Account Recovery

The Court of Appeals for the Eighth Circuit on Friday issued a preliminary injunction against President Biden’s SAVE income-driven repayment plan, which was designed to reduce monthly payments and expedite debt relief for approximately eight million student loan borrowers.