The U.S. Court of Appeals for the 9th Circuit reversed a district court’s dismissal of a ruling under the Fair Debt Collection Practices Act March 9, holding “that a business that bought and profited from consumer debts, but outsourced direct … Continue reading →
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The rule, struck down by a bipartisan majority, sought to rewrite Obama-era debt relief measures, which allow students misled by schools to request that their loan debts be forgiven. Education Secretary Betsy DeVos on Capitol Hill last month. A … Continue reading →
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Consumer Financial Protection Bureau director Kathleen Kraninger. Photo by Bryce Spivey / CFPB Wednesday, Mar. 11, 2020, 11:05 AM By SubPrime Auto Finance News Staff WASHINGTON, D.C. – The Consumer Financial Protection Bureau explained how it potentially could be quite monetarily worthwhile … Continue reading →
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If you own a debt collection agency, your collection strategy plays a significant role in shaping the future of your organization. A proper debt collection strategy, like any good business strategy, must be efficient — maximizing resources at the lowest … Continue reading →
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Expands Jefferson Capital’s global footprint and strengthens Canaccede’s leadership in the Canadian consumer debt solutions spaceTORONTO, March 10, 2020 (GLOBE NEWSWIRE) — Jefferson Capital Systems, LLC (Jefferson Capital), a leading purchaser and servicer of consumer charged-off and bankruptcy receivables in the … Continue reading →
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March 4, 2020 • 5 min read by Leslie Tayne0 Comments If you’ve fallen behind on one or more bills, debt collectors may come calling. Getting a notice from a collections agency can be stressful, and the calls that usually … Continue reading →
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What happened Shares of Mastercard (NYSE: MA), American Express (NYSE: AXP), Discover Financial (NYSE: DFS), and Capital One (NYSE: COF) all fell by approximately 5% on Tuesday, following Visa‘s (NYSE: V) warning of a revenue shortfall due to the coronavirus outbreak. … Continue reading →
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Santa Clara, CA, March 03, 2020 (GLOBE NEWSWIRE) — Ondot Systems, the digital card services platform for credit and debit issuers, today released findings from a study it commissioned from The Harris Poll about consumer attitudes toward Big Tech and … Continue reading →
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On February 27, 2020, the United States Court of Appeals for the Ninth Circuit issued its decision in Ramirez v. TransUnion LLC, a class-action case watched closely by consumer reporting agencies and other persons regulated by the Fair Credit Reporting … Continue reading →
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Attorney General Phil Weiser’s office received more than 9,800 consumer complaints last year, with fraudulent and unwanted telephone calls representing the largest category of reports. “The top complaint we receive at our office is illegal robocalls,” said Weiser. “Through these … Continue reading →
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