Collections & Recovery

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The Risks of Debt Settlement Companies and the Benefits of Direct Negotiation

By Sheldon Stewart in Collections Strategy

Debt settlement companies often promise to help consumers negotiate with creditors to reduce their overall debt load, but they frequently fall short of delivering real benefits. In fact, analysis of…

August 21, 2024 by Ralph T. Wutscher, Attorney MauriceWutscher in CFPB

6th Cir. Holds EFTA Does Not Provide Indemnification or Contribution Right for Financial Institutions

The U.S. Court of Appeals for the Sixth Circuit recently upheld the dismissal of a financial institution’s putative class action lawsuit against a cellular service provider arising from a “SIM…

August 14, 2024 by Alan S. Kaplinksky in CFPB

Magistrate Judge stays further proceedings pending resolution of 10th Circuit appeal in Colorado litigation challenging Colorado opt-out statute

We previously reported that, on July 18, the Colorado Attorney General and UCCC Administrator appealed to the 10th Circuit Court of Appeals challenging Judge Domenico’s order dated June 18 D….

August 8, 2024 by Daniel JT Mckenna, John L. Culhane, Alan S. Kaplinksky, Burt M. Rublin in Government Agencies

Witnesses Call on Congress to Establish Regulatory Office in Wake of Loper

Congress must adjust to the demise of the Chevron Deference doctrine by drastically improving its regulatory expertise, witnesses told a House Committee on July 23. “Congress must reclaim its lawmaking…

July 31, 2024 by Jason Cover, Stefanie Jackman, Lori Summerfield, Glen Trudel, Chris Willis, Josh McBeain in CFPB

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

On July 18th, 2024, 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…

July 24, 2024 by Justin B. Hosie, Eric L. Johnson, Kristen Yarows in CFPB

CFPB Bites of the Month Webinar Recap: 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…

July 17, 2024 by Kim Phan, Lori Summerfield in Compliance

DOJ Releases Final Rule on Web Content Accessibility Requirements for State and Local Governments Under Title II of the ADA

On April 8, the U.S. Department of Justice (DOJ) released its Final Rule to revise existing regulations implementing Title II of the Americans with Disabilities Act (ADA). This Final Rule…

July 10, 2024 by Ryan Blumberg, Clark Hill PLC in Government Agency

Supreme Court Overturns Chevron Doctrine

In a monumental shift in administrative law, the U.S. Supreme Court has overruled the Chevron doctrine in its decision in Loper Bright Enterprises v. Raimondo. This landmark ruling redefines the balance…

June 26, 2024 by Various Authors , Troutman Pepper in CFPB

Contract Terms and Conditions Come Under CFPB Scrutiny

The Consumer Financial Protection Bureau (CFPB or Bureau) has issued a circular warning covered persons that including unlawful or unenforceable terms and conditions in consumer contracts can violate the prohibition…

The Risks of Debt Settlement Companies and the Benefits of Direct Negotiation

Top Stories

Understanding the Consumer Spending Split and How to Recover More Across the Divide

CFPB Report Foreshadows Increased Scrutiny of Negative Equity in Auto Lending

CFPB Takes Dual Action Against Bank Holding Company for Alleged Unlawful Repossesions and Sales Practices

CFPB Says Earned Wage Access Products Are Subject to the Truth in Lending Act

Latest Posts

6th Cir. Holds EFTA Does Not Provide Indemnification or Contribution Right for Financial Institutions

Magistrate Judge stays further proceedings pending resolution of 10th Circuit appeal in Colorado litigation challenging Colorado opt-out statute

Witnesses Call on Congress to Establish Regulatory Office in Wake of Loper

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

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

DOJ Releases Final Rule on Web Content Accessibility Requirements for State and Local Governments Under Title II of the ADA

Supreme Court Overturns Chevron Doctrine

Contract Terms and Conditions Come Under CFPB Scrutiny

Featured Resources

Bad Debt is Rising

How to Apply Strategic Discipline to Your Collections Strategy

A New Kind of Collections Strategy: Empowering Lenders Amid a Shifting Economic Landscape

Open the Door to SMS Communication for Debt Collection

COLLECTIONS AND RECOVERY STRATEGY

Debt Collection Industry Trends and Insights 2024

Navigating Debt Settlements: When to Write Off Unpaid Balances

Legal Recovery – Why You Are Paying Too Much and Losing Money

Trends

FTC Bans Group of Student Loan Debt Relief Scammers From Debt Relief Industry

Restrictive Collection Bill Pending in Minnesota

What to Watch: Collections Trends in 2024

COMPLIANCE

CFPB Non-Bank Enforcement Order Registry Coming this Fall

OCC Announces Enforcement Actions for May 2024

Are Four Digits Enough? FinCEN Seeks Comments on CIP Rule's SSN Requirement

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