GLCCA Board Member Spotlight: Rebecca Roberts-Stewart
January 29, 2024
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Upcoming conference bringing ACA advocates together includes presentations from congressional speakers, updates on legislative and regulatory matters, and opportunities for Hill meetings. Registration is still open—don’t miss your chance to join us April 29-May 1! 04/23/2024 3:40 P.M. 2.5 minute read The 2024 Washington Insights Fly-In April 29-May 1, sponsored by VoApps, is just under [...] Read More... The post 2024 Washington Insights Fly-In: It’s All Happening Next Week! appeared first on ACA International.
Former ACA International general counsel resumes his role in compliance, risk management and litigation. 04/23/2024 10:20 A.M. 1 minute read Moss & Barnett, an ACA International member company based in Minneapolis, Minnesota, recently announced that attorney Issa Moe has rejoined the firm. Moe returns to the firm after serving as general counsel for ACA International for five [...] Read More... The post Attorney Issa Moe Rejoins Moss & Barnett appeared first on ACA International.
The May 1 meeting will be open to the public and is slated to include a regulation update and roundtable discussion. 04/23/2024 10:20 A.M. 1 minute read The next meeting of the California Department of Financial Protection Innovation’s (DFPI) Debt Collection Advisory Committee will take place in Sacramento, California, and over Zoom on May 1, 2024, at 11 [...] Read More... The post California to Hold Debt Collection Advisory Committee Meeting Next Month appeared first on ACA International.
Comments on the proposal that would modify the department’s existing debt collection regulations are due May 17. 04/23/2024 10:15 A.M. 4 minute read The Department of Education has issued its Notice of Proposed Rulemaking (NPRM) outlining revised plans from the Biden administration to cancel student loan debt for approximately 30 million Americans. “Last June, in [...] Read More... The post Department of Education Releases Draft Rule on Student Loan Debt Relief appeared first on ACA International.
Suit Accuses Defendant of Using Unlicensed Collector, Debt Parking QR Codes Called ‘The Driving Force’ Behind Faster Payments N.Y. Lawmaker Blasts Hospital Debt Collection Bill Judge Denies Class Certification in FDCPA Case Over Lack of Standing WORTH NOTING: How to help your eyes if you spend all day staring at screens … The top driving
QR codes have emerged as a powerful tool in the ‘last mile’ of payment adoption, especially at the point of sale (POS). This technology facilitates faster payments by enabling a simple scan-and-pay method, which is significantly quicker than traditional payment methods. For debt collectors, this means reduced wait times and quicker closure on outstanding debts,
It may seem as though all the momentum is behind those pushing to enact medical debt collection and credit reporting bills in state legislatures across the country, but there was a report where one lawmaker stood up and spoke about how much a plan to prohibit hospitals from filing collection lawsuits against patients who earn
Judge Esther Salas of the District Court for the District of New Jersey was on a roll last Thursday, denying class certification in two separate Fair Debt Collection Practices Act cases against the same defendant, largely for the same reasons. I wrote about one yesterday, and today I write about the other one, in which
Last week ended with several new developments in the lawsuit challenging the CFPB’s final credit card late fee rule (Rule), both of which appear to reduce the likelihood that the Rule will be stayed before its May 14 effective date. First, the CFPB filed a Petition for Panel Rehearing on April 18 and the Fifth Circuit has directed the plaintiffs to file a response by April 30. … Continue Reading Continue Reading…
Our special guest is Ian Moloney, Senior Vice President and Head of Policy and Regulatory Affairs with the American Fintech Council (AFC). After reviewing how EWA products are used by consumers and the differences between employer- and provider-based products, we discuss the regulatory challenges faced by the EWA industry, the regulatory approaches states have taken to EWA, actions taken by the Consumer Financial Protection Bureau related to EWA, and proposed federal legislation dealing with EWA. … Continue Reading Continue Reading…
The Committee on Codes of Conduct of the Judicial Conference of the United States (Committee) has unanimously concluded that Fifth Circuit Judge Willett is not required to recuse in the trade group plaintiffs’ appeal in their lawsuit challenging the CFPB’s final credit card late fee rule (Rule). Last Friday, pursuant to a directive issued by the Clerk of the Fifth Circuit, the trade group plaintiffs and the CFPB filed letter briefs with the Fifth Circuit regarding whether an ownership interest in a nonparty large credit card issuer would be substantially affected by the outcome of the case. … Continue Reading Continue Reading…
After its passage by the Washington state legislature, Substitute Senate Bill (SSB) 6025, the Washington “predatory loan prevention act”, was approved by Governor Jay Inslee on March 25, 2024, with an effective date of June 6, 2024. Unlike the original version of this act proposed in Senate Bill 6025 and its identical companion bill, House Bill 1874, SSB 6025 as enacted does not include language expanding the definition of “loan” under the Washington Consumer Loan Act.… Continue Reading Continue Reading…
Last week, the Texas Supreme Court answered the Fifth Circuit’s certified question as to whether simultaneous rescission and reacceleration can reset the limitations period under Texas Law by holding that “a rescission that complies with the statute [Tex. Civil Practice and Remedies Code Section 16.038] resets limitations even if it is combined with a notice of reacceleration.” Moore v. Wells Fargo Bank, N.A., No. 23-0525, 2024 Tex. LEXIS 156, at *2 (Feb. 23, 2024). More › Tags: Compliance, Corporate Compliance, Mortgage, Mortgage Acceleration, Mortgage Debt, Mortgage Foreclosure, Mortgage Loan Acceleration, Mortgage Loans, Mortgage Servicers, Mortgage Servicing, Regulatory Compliance, Reverse Mortgage, Statute of Limitations, Texas
On February 16, 2024, the Consumer Financial Protection Bureau (CFPB) issued its revised rule addressing how financial institutions can appeal their compliance ratings or adverse material findings by the Bureau. The rule is an update to the Bureau's November 2015 revisions. More › Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Financial Regulatory
On January 18, 2024, the United States Supreme Court heard oral arguments in two cases challenging the Chevron doctrine of statutory interpretation, Loper Bright Enterprises, et al., v. Gina Raimondo, Secretary of Commerce (Loper-Bright) and Relentless, Inc. v. Department of Commerce (Relentless). Under the Chevron doctrine, courts are supposed to grant deference to an agency's reasonable interpretation of an ambiguous statute. More › Tags: Financial Regulatory, Regulation, Regulatory, Statutory Interpretation
As of January 1, 2024, the Louisiana Office of Financial Institutions (OFI) is accepting registration of private education lenders. This registration requirement is applicable to nonexempt businesses making or holding private education loans and is the result of the passage of the Louisiana Private Student Loan Registry law. More › Tags: Department of Education, Education, Education Debt, Financial Registration, Louisiana, Private Colleges and Universities, Private Student Loans, Student Loans
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