Tue.Aug 27, 2024

article thumbnail

More Consumers Tapping Credit Cards to Make Ends Meet: Report

Account Recovery

A recent field note from the Federal Reserve Bank of Boston reveals that, despite a significant drop in inflation, 59% of U.S. adults surveyed in May are still highly concerned about future price increases. This concern persists even though the inflation rate decreased from a peak of 9% in June 2022 to about 3% by June 2023. As inflation rates have gradually declined over the past two years, households remain significantly concerned about rising prices, with many turning to credit cards and loan

article thumbnail

Consumer Advisory: Video games are targeting your children to get into your wallet

Consumer Finance

Gaming marketplaces increasingly mirror banking and payment systems but use design tricks to encourage spending, and our children are often the primary audience. Here are steps to help protect your family.

Banks 109
Insiders

Sign Up for our Newsletter

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

article thumbnail

Daily Digest – August 27. Suit Accuses Collector of FCRA, FDCPA, ID Theft for Pulling Credit Report; Judge Grants MTD in FDCPA Case, Rules Defendant Not Collector

Account Recovery

Suit Accuses Collector of FCRA, FDCPA, ID Theft for Pulling Credit Report Judge Grants MTD in FDCPA Case, Rules Defendant Not Collector U.S. Bank Acquires Healthcare Payments Company Salucro More Consumers Tapping Credit Cards to Make Ends Meet: Report WORTH NOTING: The top destinations for people who are getting away for Labor Day weekend … More Americans are thinking about putting their retirement plans on hold … The five best apple orchards in the United States, according to exper

article thumbnail

Collection Tip: Why you should always make copies of every check received

Collections Law

At Law Offices of Alan M. Cohen & Associates LLC, our experienced and innovative commercial collections attorneys are relentless and aggressive when it comes to collecting unpaid debts. Often, finding the money to collect becomes the biggest piece of the puzzle. With more than 50 years of combined experience, our commercial collections lawyers have an intricate understanding of Massachusetts collections laws and have learned several ethical tactics that can help you get paid.

article thumbnail

Solve Your Firms Automation Complexities Once and For All

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.

article thumbnail

Suit Accuses Collector of FCRA, FDCPA, ID Theft for Pulling Credit Report

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? Call (855) WEB-RECON or email admin@webrecon.net today!

More Trending

article thumbnail

Judge Grants MTD in FDCPA Case, Rules Defendant Not Collector

Account Recovery

A District Court judge from the District of Columbia has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff’s claims were insufficient to meet the legal standards required under the FDCPA. The background: Back in 2020, the plaintiff purchased a vehicle. In August 2022, the plaintiff alleged that the defendant, which had acquired the rights to the vehicle’s loan, began attempting to collect the debt.

article thumbnail

U.S. Bank Acquires Healthcare Payments Company Salucro

Account Recovery

U.S. Bank, a leading financial services provider, has announced the completion of its acquisition of Salucro Healthcare Solutions LLC, a Tempe, Arizona-based company specializing in healthcare financial technology. This move underscores U.S. Bank’s commitment to enhancing its offerings within the healthcare sector, particularly in the realm of patient billing and payments.