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7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy

The U.S. Court of Appeals for the Seventh Circuit recently upheld a trial court’s rejection of a borrower’s allegations that a mortgagee and its servicer violated the federal Fair Credit Reporting Act and the federal Fair Debt Collection Practices Act by allegedly inaccurately reporting her loan as delinquent following the borrower’s successful completion of her bankruptcy plan, allegedly rejecting her subsequent monthly payments, and filing a foreclosure action based on the supposed post-bankruptcy defaults.

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Tech Trends: What you need to know.  

In today's world technology is a must for operational efficiency and an improved consumer experience. However, constantly changing technological advancements make it difficult to stay on top of the latest tech trends and how best to take advantage of them.  

In this new eBook, Finvi answers the most common questions they hear from customers. You'll get Finvi's unique insights into: 

  • how automation can increase productivity and organizational efficiency 
  • the prevalence of SaaS in the industry and its benefits 
  • the growth of AI and its current usage; and 
  • Where do we go from here?

Download Now.

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insideARM is grateful to our 2024 Strategic Supporters:

NCB Crown Asset Management Spring Oaks Capital

Annual Community Involvement Recap with Crown Asset Management

DULUTH, Ga. -- Crown Asset Management, a receivables acquisitions firm near the Atlanta, GA greater metro area, has a deep-rooted commitment to community engagement guided by their core values of excellence, integrity, reliability, respect, teamwork, and leadership. These guiding values drive the organization's support for various charitable causes. This past year, Crown Asset Management was honored to focus their efforts on the Susan G. Komen organization, Habitat for Humanity, Best Buddies International, and more. Here is a recap of what the team was up to in 2023 and now in 2024.

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CFPB Moves to Dissolve Preliminary Injunction and Supplements Motion to Transfer in Credit Card Late Fee Rule Case; Court Immediately Requests Further Briefing

Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a brief in the U.S. District Court for the Northern District of Texas in support of its motion to dissolve the preliminary injunction that has stayed the implementation of its credit card late fee rule. Concurrently, the Bureau also filed a notice of supplemental authority in support of their motion to dismiss or transfer on the grounds that the Fort Worth Chamber of Commerce does not have associational standing to bring the suit. Within hours, the court issued an order requiring further briefing on the issue of associational standing.

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insideARM Weekly Recap – Week of July 15th, 2024

The ARM industry moves fast. Staying informed and sorting through what's relevant and what's just noise can be a challenge, but that's where insideARM steps in. We not only provide you with information but also narrow it down to only the stories that are most important. Last week included a medical debt legislative update, the CFPB’s Semi-Annual agenda, and a breakdown of the CFPB’s activity over the past month. Keep reading below for highlights from these stories and why we felt we should bring you these stories.

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CFPB Bites of the Month: The CFPB and the Dust of June

June was another big month for the CFPB with rules, proposals, lawsuits, and a Supreme Court case. In this month's article, we share some of our top "bites" of the month to keep you in the loop.

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CFPB Issues Semi-Annual Regulatory Agenda; Registry of Supervised Non-Banks to Be Finalized This Month

The CFPB soon plans to issue a final rule that would require certain supervised nonbank entities to register with it and provide information about their use of certain terms and conditions in standard-form contracts for consumer financial products or services that seek to waive or limit consumer rights or legal protections (“Covered Terms”).

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