Judge Grants MTD for Lack of Standing in FDCPA Class Action
- A District Court judge in New Jersey has granted a motion to dismiss for lack of standing filed by the defendants in a Fair Debt Collection Practices Act class-action, after they were accused of sending a letter that failed to identify the current creditor to whom the debt was owed and because the creditor was not licensed to collect in the state.
- More details here.
Bank of America to Pay $250M in Fines, Restitution Over Double-Dipping NSF Fees, Opening Fake Accounts
- The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency levied fines and restitution in the amount of $250 million on Bank of America yesterday, accusing the financial services giant of repeatedly charging NSF fees on the same transaction, withholding bonuses on credit cards, and illegally accessing consumers’ credit reports to open credit card accounts in their names.
- More details here.
The Transformative Potential of Unified Digital Platforms for Debt Collection
- The landscape of healthcare is changing dramatically, with digital platforms becoming a central component of the consumer experience. Today’s consumers not only desire, but expect these platforms to handle a wide range of tasks including financing bills, locating healthcare providers, and managing their health savings accounts (HSA), according to a study conducted by PYMNTS in collaboration with Lynx.
- More details here.
24 Companies Seeking Collection Talent
- Wonder how much Diversified Recovery Bureau or Mnet Health are willing to pay new collectors? Curious who is looking for a Digital Contact Collections Manager and a Call Center Instructor? Wonder what positions Midland Credit or Moore Law Group are looking to fill? Find out that and a whole lot more in this week’s job listings post.
- More details here.
Equabli, Inc. Announces Successful Completion of Funding Round
- Equabli, Inc., a leading financial technology company, is pleased to announce the successful completion of its recent round of financing. The funding round secured $3.35M of additional capital and was led by Social Leverage. Additional commitments were received by BankTech Ventures and Cross River Digital Ventures.
WORTH NOTHING: Debunking five of the Internet’s biggest nutrition myths … Eight mistakes to avoid if you are going outside into the heat … For the first time in a decade, people are spending less buying back-to-school items … Never too early to start planning those Halloween decorations … How to take advantage of National French Fry Day … A man who has sailed on 311 ships shares his cruise secrets … How to tell if you’re reading something that was written by AI … The best way to answer “tell me about yourself.”
Why extreme heat is more dangerous than you may realize
How student loan borrowers will be affected by resuming payments
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