Consumer Finance
OCTOBER 30, 2024
The Consumer Financial Protection Bureau and the Centers for Medicare and Medicaid Services issued a joint letter to protect millions of Medicare beneficiaries living at or below the poverty line from unlawful medical bills.
Account Recovery
OCTOBER 30, 2024
A District Court judge in California has denied a defendant’s argument that it does not meet the definition of a debt collector under the Fair Debt Collection Practices Act and ruled that the plaintiff’s claims can proceed. The defendant, who argued that it was exempt from the FDCPA, failed to convince the court, which found sufficient allegations that the defendant was operating as a debt collector when it attempted to collect a debt from the plaintiff.
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Consumer Finance
OCTOBER 30, 2024
The CFPB took action against VyStar Credit Union for harming consumers through its botched rollout of a new online banking system.
Account Recovery
OCTOBER 30, 2024
A bipartisan bill has been introduced in the House of Representatives to reform the Civil Investigative Demand process used by the Consumer Financial Protection Bureau. Rep. Andy Barr [R-Kent.] and Rep. Vicente Gonzalez [D-Texas] introduced the Civil Investigative Demand Reform Act of 2024. The proposed legislation aims to ensure due process for financial services providers subject to the CFPB’s Civil Investigative Demands (CIDs), which are often criticized for being overly broad and burde
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.
BN Lawyers
OCTOBER 30, 2024
Here’s the latest risk management guidance, published in September 2024, from B&N’s Attorneys Risk Management practice group. BN – Tip of the Month – ABA Issues Formal Opinion 513 – Duty to Inquire – Sept 2024 The post Barron & Newburger’s Latest Risk Management Guidance appeared first on Barron & Newburger, P.C.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Collection Industry News
OCTOBER 30, 2024
NEW YORK, Oct 24 (Reuters) – The cost of insuring exposure to U.S. government debt has climbed to its highest in nearly one year, suggesting investors are getting nervous about a U.S. presidential election outcome that could make the government less able to repay debt. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the risk of a default – widened to 49 basis points on Thursday, according to S&P Global Market Intelligence data, the highest since
Account Recovery
OCTOBER 30, 2024
Judge Rules Defendant Meets FDCPA’s Definition of Debt Collector Bill Introduced in House to Reform CID Process Appeals Court Affirms Ruling that FAA Doesn’t Apply to Mass Arbitration 22 Companies Seeking Collection Talent WORTH NOTING: Gift ideas for the frequent traveler in your life … There is being a fan, and then there is going this far to help your favorite team … The list of the most popular Halloween candy has a new Number One … Why you should be seeking out wealthy fri
Account Recovery
OCTOBER 30, 2024
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant to be a service to aggregate industry job opportunities into one convenient location.
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