Credit Reporting Debts in Bankruptcy: Deluge of Recent Lawsuits Reveals Risks for Financial Industry

The financial services industry in the United States periodically undergoes changes regarding consumer practices in a tortured and often illogical process. In the first step of this bizarre dance, consumer attorneys identify a common, benign practice in the financial industry. Typical examples of harmless practices of the financial industry challenged by consumer attorneys have included the use of window envelopes to send letters to consumers and also whether disclosures are required when interest is not accruing on an account. 

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5 E-Sign Myths Dispelled – Must-Know Requirements for a Paperless, Stamp-Free Collections Process

As most of you know, I talk with members of our industry almost daily about their compliance concerns. One topic that comes up regularly is E-Sign – it’s just something people have a hard time understanding. Frankly, if your agency has no plans to text or email consumers, then I suppose there is no reason for you to understand all the intricacies of E-Sign. But if you do plan to use these forms of digital communication to send letters and notices to consumers, you MUST nail the E-Sign requirements.

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Tips on Leveraging Credit Cards in Your Business

25 April 2019 at 01:00 p.m.

In this webinar, a former American Express vice president, corporate finance manager and a collection law firm owner will show you how they maximize their credit card spend to save thousands in travel!

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