Mon.Nov 11, 2024

article thumbnail

Judge Grants Motions from Both Sides in FDCPA Case

Account Recovery

It’s not often that both sides in a Fair Debt Collection Practices Act lawsuit get their motions granted at the same time, but a District Court judge in New Jersey pulled off the feat, ultimately remanding the case back to state court after the defendant was accused of attempting to collect on a debt without being properly licensed to collect in the state.

article thumbnail

CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws

Consumer Finance

The CFPB released a report examining federal and state-level privacy protections for consumers’ financial data.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Encore Capital Reports Strong Q3 Performance Amid Record U.S. Debt Supply

Account Recovery

The good times keep rolling at Encore Capital Group, which reported a 58% jump in new income for the third quarter of 2024, compared with the same quarter last year, driven by its Midland Credit Management (MCM) operation, which continues to capitalize on record levels of charged-off debt available for purchase. Why it matters: The surge in U.S. charged-off debt and increased lending are creating unprecedented opportunities for debt buyers and collection agencies, signaling a significant shift i

article thumbnail

Statement of Director Rohit Chopra on the CFPB’s Report on State Consumer Privacy Laws

Consumer Finance

Today, the CFPB published a report finding that state consumer privacy laws typically exempt entities covered by federal financial privacy laws.

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

Compliance Digest – November 11

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.

More Trending

article thumbnail

ARM and RCM in Q3: Navigating Rising Challenges

Account Recovery

The Accounts Receivable Management and Revenue Cycle Management sectors are navigating significant headwinds that are reshaping how debts are collected heading into the final weeks of 2024, according to a report released recently by Corporate Advisory Solutions. Rising delinquencies, the return of student loan payments, and evolving credit reporting rules for medical debt are driving change across these sectors, which industry professionals need to keep in sharp focus.

article thumbnail

Daily Digest – November 11. Judge Grants Motions from Both Sides in FDCPA Case; Encore Capital Reports Strong Q3 Performance Amid Record U.S. Debt Supply

Account Recovery

Judge Grants Motions from Both Sides in FDCPA Case ARM and RCM in Q3: Navigating Rising Challenges Encore Capital Reports Strong Q3 Performance Amid Record U.S. Debt Supply Compliance Digest – November 11 WORTH NOTING: A list of the best early Black Friday deals to help you get a jump on your holiday shopping … With all the hubbub about the presidential election, the fact that control of the House of Representatives is still up for grabs isn’t getting a lot of attention … You h

130
130