Account Recovery

SEPTEMBER 13, 2022

She will be a significant addition to the firm’s Financial Services Practice Group. Adds Compliance Expert to Financial Services Practice Group appeared first on AccountsRecovery.net.

Financial services 245

Financial services Collections 245

Account Recovery

SEPTEMBER 22, 2022

To continue the effort to humanize each conversation, we recognized we … The post Halsted Financial Services Partners with Prodigal to Elevate Customer Experiences appeared first on AccountsRecovery.net. What else can tell us what borrowers experience, and how we can help them reach a resolution?

Financial services 246

Financial services 246

Account Recovery

OCTOBER 6, 2021

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The (..)

Financial services 246

Financial services Collections 246

Account Recovery

SEPTEMBER 9, 2021

… The post Getting to Know Ken Rowen of CMRE Financial Services appeared first on AccountsRecovery.net.

Financial services 234

Financial services Accounts Receivables Management 234

Account Recovery

AUGUST 19, 2021

… The post Getting to Know Lee-Madeline Dowls of First Investors Financial Services appeared first on AccountsRecovery.net.

Financial services 246

Financial services Accounts Receivables Management 246

Account Recovery

OCTOBER 6, 2021

Appeals Court Upholds Ruling for Medical Provider in FDCPA False Name Case; USPS Rolling out New Financial Services appeared first on AccountsRecovery.net.

Financial services 245

Financial services Fair Debt Collection Judgment Collections 245

Account Recovery

FEBRUARY 22, 2024

I am thrilled to announce that the Getting to Know series will be sponsored by TEC Services Group in 2024. TEC Services Group is the leading technology and professional services firm in the credit collections industry offering both leading industry solutions along with unrivaled, unbiased, and experienced support.

Financial services 246

Financial services Collections 246

Account Recovery

APRIL 26, 2023

The Department of Justice’s Civil Rights Division, the CFPB, the FTC, and the Equal Employment Opportunity Commission (EEOC) released a … The post Regulators Affirm Commitment to Policing AI in Financial Services first appeared on AccountsRecovery.net.

Financial services 130

Financial services Trade 130

Account Recovery

DECEMBER 2, 2024

that aim to provide regulators with more transparency about how companies in the financial services industry are using artificial intelligence. The bills were introduced days before the House Financial Services Committee holds a hearing on “How Technology is Shaping the Future of Finance.”

Financial services 130

Financial services Credit Unions Credit Unions Creditworthiness 130

Account Recovery

MARCH 13, 2023

Clark Hill announced today that Ari Derman has joined the firm as Senior Counsel in its Banking and Financial Services group. He will be based in Clark Hill’s Chicago office and also be a part of the Financial Services Regulatory and Compliance team.

Financial services 130

Financial services Banks 130

Account Recovery

JUNE 14, 2023

After going before the Senate Banking Committee yesterday, Rohit Chopra, the director of the Consumer Financial Protection Bureau will testify before the House Financial Services Committee, in what is sure to be a raucous hearing that will focus more on scoring points and trying to get the best soundbite than on anything substantive, especially if (..)

Financial services 130

Financial services Banks 130

Account Recovery

JUNE 20, 2024

These digital assistants are set to revolutionize customer service and internal operations within financial institutions. Artificial intelligence (AI) chatbots are transforming the banking sector, offering significant cost savings, improved efficiency, and enhanced customer satisfaction, according to a published report.

Financial services 130

Financial services Financial Institution Banks 130

Account Recovery

MAY 8, 2023

Conversational Voice AI Leader enables LTD Financial Services, L.P.’s LTD), a Texas-based collection … The post LTD Financial Services, L.P.; LTD), a Texas-based collection … The post LTD Financial Services, L.P.; The post LTD Financial Services, L.P.; Partners with Skit.ai

Financial services 130

Financial services Collections 130

Account Recovery

MARCH 14, 2025

A collection operation in Indiana that was the subject of a Consumer Financial Protection Bureau enforcement order back in 2023 has closed its doors for good, leaving nearly 100 employees looking for work. Phoenix Financial Services, based in Fishers, Ind., closed at the end of February, according to a published report.

Collections Agency 130

Collections Agency Collection Agencies Collections Debt Buying 130

Account Recovery

OCTOBER 5, 2023

Getting to Know Angelia Emanie of KLS Financial Services Judge Grants MTD in State Court Class-Action Over Lack of License Using Credit Reporting to Get Consumers to Repay Debts is ‘Deliberate Misuse’ of System: CFPB GC Mass. Regulator Fines Servicer $1.5M

Financial services 147

Financial services 147

Account Recovery

MARCH 20, 2025

Why it matters: If passed, these bills could significantly weaken the CFPBs ability to regulate financial institutions and enforce consumer protection laws. This would be a major win for lenders, debt collectors, and financial service providers, while consumer advocates warn it could reduce oversight of abusive practices.

Financial Institution 130

Financial Institution Debt collector Financial services Lender 130

Account Recovery

APRIL 26, 2023

House Committee to Mark Up Omnibus CFPB Reform Bill Today; Regulators Affirm Commitment to Policing AI in Financial Services first appeared on AccountsRecovery.net. House Committee to Mark Up Omnibus CFPB Reform Bill Today; Regulators Affirm Commitment to Policing AI in Financial Services appeared first on AccountsRecovery.net.

Financial services 130

Financial services 130

Account Recovery

FEBRUARY 20, 2025

The OAG has made it clear that it is committed to holding banks and debt collectors accountable, reinforcing the importance of compliance within the financial services industry. The guide provides clear instructions for claiming exemptions under EIPA and reporting violations. Learn more.

Debt collector 130

Debt collector Garnishment Banks Financial services 130

Account Recovery

OCTOBER 30, 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 burdensome. Andy Barr [R-Kent.] Vicente Gonzalez [D-Texas] introduced the Civil Investigative Demand Reform Act of 2024.

Financial Institution 130

Financial Institution Financial services Loans 130

Account Recovery

AUGUST 17, 2021

Linda Lacewell, the Superintendent of the New York Department of Financial Services, has announced her resignation and will leave office on August 24, the same day as departing Gov. Andrew Cuomo.

Financial services 246

Financial services 246

Account Recovery

NOVEMBER 7, 2022

A copy of the order, issued against Full Circle Financial Services, can be accessed by clicking here. The Massachusetts Division of Banks has issued a cease and desist order to a debt collector that has been accused of operating in the state for more than six years without a license, in violation of state law. … The post Mass.

Debt collector 246

Debt collector Financial services Banks 246

Account Recovery

NOVEMBER 10, 2022

The New York Department of Financial Services yesterday announced proposed amendments to its cybersecurity regulation, including increasing the size threshold for companies that are exempt from following much of the regulation, while also requiring more risk and vulnerability assessments and investing in training and cybersecurity awareness programs, (..)

Financial services 246

Financial services 246

Consumer Finance

OCTOBER 21, 2024

The CFPB finalized a rule to give consumers greater rights, privacy, and security over their personal financial data by requiring providers to unlock personal financial data for free.

Financial services 143

Financial services Banks 143

Account Recovery

APRIL 11, 2022

The New York Department of Financial Services has issued guidance “to address potential confusion” about how to comply with a new statute of limitations requirement that went into effect last week, lowering the period to three years while also disallowing a partial payment to restart the statute of limitations, and requiring additional (..)

Financial services 246

Financial services 246

Account Recovery

APRIL 14, 2022

Under the terms of the settlement, Monterey Financial Services will cancel nearly $700,000 of leases … The post Finance Company Settles with Mass. AG Over Illegal Collection Practices For Illegal Dog Leases appeared first on AccountsRecovery.net.

Collections 246

Collections Financial services 246

Account Recovery

NOVEMBER 2, 2021

The New York Department of Financial Services has issued a series of amendments to its debt collection rules for third-party debt collectors and debt buyers that could change how consumers are communicated with, including the information that must be provided after an initial communication is made.

Third-party Debt Collectors 245

Third-party Debt Collectors Collections Debt collector Financial services 245

Account Recovery

AUGUST 10, 2021

A class-action lawsuit has been filed against Harley-Davidson Financial Services, accusing the lender of violating the Telephone Consumer Protection Act and the Illinois Consumer Fraud and Deceptive Business Practices Act because it allegedly contacted the plaintiff on her cell phone after she had revoked consent to be contacted.

Lender 246

Lender Financial services Collections 246

Account Recovery

DECEMBER 29, 2022

The New York Department of Financial Services yesterday issued its long-awaited debt collection rule amendments, which are scheduled to take effect in 180 days, in late June 2023.

Collections 245

Collections Financial services 245

Account Recovery

APRIL 20, 2021

The House Financial Services Committee will be marking up a series of bills today, including one that was introduced last week by Rep. Maxine Waters [D-Calif.], the chairwoman of the Committee, that includes eight different bills aimed at debt collectors. The committee will be marking up H.R.

Collections 240

Collections Debt collector Financial services 240

Account Recovery

DECEMBER 16, 2024

Proposed amendments to New York Citys rules governing debt collection have drawn significant scrutiny from trade groups outside the collection industry, most notably the American Financial Services Association (AFSA), which submitted a comment letter last week regarding the proposed amendments.

Debt collector 130

Debt collector Collections Financial Institution Creditors 130

Account Recovery

MARCH 18, 2025

A number of trade groups from across the financial services industry, including ACA International, have petitioned the Federal Communications Commission to delay the enactment of a rule related to the Telephone Consumer Protection Act that is scheduled to go into effect next month.

Trade 130

Trade Financial services 130

Account Recovery

DECEMBER 20, 2024

ranking member of the House Financial Services Committee, this week reintroduced H.R. Maxine Waters [D-Calif.], 10509, the Comprehensive Debt Collection Improvement Act.

Collections 130

Collections Fair Debt Collection Financial services 130

Account Recovery

OCTOBER 11, 2024

Over the next 30 years, Larry excelled in a variety of leadership roles, including Chief Financial Officer and Chief Operating Officer, at financial services and consumer debt companies. During his career, Larry oversaw the acquisition of over 500 receivables portfolios.

Acquisition 130

Acquisition Debt settlement Financial services 130

Account Recovery

FEBRUARY 14, 2022

Valentine’s Day, but it is also the last day to submit comments to the New York Department of Financial Services to let them know what you think of their proposed amendments to the state’s debt collection regulations. Today is not only St.

Collections 230

Collections Financial services 230

Account Recovery

MARCH 18, 2025

… Correctly pick the winner of every March Madness game and win a trip to Mars … The New York Department of Financial Services is rolling out a new portal for consumers and businesses … How much student loan borrowers owe in each state … Know someone who loves a good conspiracy theory?

Trade 147

Trade Student loans Student Loans Financial services 147

Account Recovery

FEBRUARY 22, 2024

Reilly of RTR Financial Services State Appeals Court Overturns Ruling in Favor of Debt Buyer on Grounds it Did Not Have Enough Proof it Bought Account in Question Collector to pay $1M Fine Under Settlement with Washington AG New Wave of AI Tech Making it Easier for Consumers to Complete […] Getting to Know Robert J.

Financial services 100

Financial services 100