Tue.Apr 16, 2024

article thumbnail

Daily Digest – April 16. Suit Accuses Law Firm of Filing False Affidavit of Service; CFPB Letters Demonstrate Support for State Medical Debt Credit Reporting Efforts

Account Recovery

Suit Accuses Law Firm of Filing False Affidavit of Service CFPB Letters Demonstrate Support for State Medical Debt Credit Reporting Efforts Judge Recommends Dismissal of FCRA ‘Permissible Purpose’ Case Against Collector Ed. Dept.

Law Firms 147
article thumbnail

CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs

Consumer Finance

The CFPB issued an order against BloomTech and its CEO for deceiving students about the cost of loans and making false claims about graduates’ hiring rates.

Loans 137
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Suit Accuses Law Firm of Filing False Affidavit of Service

Account Recovery

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?

Law Firms 130
article thumbnail

CFPB Toma Acciones Contra Centro de Entrenamiento Intensivo de Programación BloomTech y su CEO Austen Allred, por Engañar a sus Estudiantes y Ocultar Costos de Préstamos

Consumer Finance

CFPB demanda al centro de entrenamiento intensivo BloomTech y a su gerente general Austen Allred, por ocultar costos de préstamos y engañar a sus estudiantes sobre índices de empleo.

article thumbnail

How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

article thumbnail

Judge Recommends Dismissal of FCRA ‘Permissible Purpose’ Case Against Collector

Account Recovery

In a case that was defended by Martin Golden Lyons Watts Morgan with local representation by Smith Debnam, a Magistrate Court judge in South Carolina has recommended that a Fair Credit Reporting Act lawsuit against a debt collector be dismissed because the plaintiff failed to plead facts that the defendant did not have a permissible […]

More Trending

article thumbnail

CFPB Letters Demonstrate Support for State Medical Debt Credit Reporting Efforts

Account Recovery

The Consumer Financial Protection Bureau has made no secret of the fact that it wants states to be more proactive when it comes to regulating the financial services industry, and now there are a couple of pieces of evidence to show just how supportive the Bureau is of those efforts.

article thumbnail

Ed. Dept. Releases Student Loan Repayment Data

Account Recovery

The Department of Education has released data regarding repayment trends following the end of the student loan payment moratorium with the intention of noting how many borrowers are making their loan payments on time and how the average payment among those making payments has “nearly” returned to its pre-pandemic level.