GLCCA Board Member Spotlight: Rebecca Roberts-Stewart
January 29, 2024
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Led by the Office of Management and Budget, the effort is an opportunity for stakeholders to express their priorities for government processes. 04/15/2024 1:55 P.M. 1.5 minute read The White House Office of Management and Budget (OMB) is collecting public feedback on improving public engagement in government through May 17. The new initiative, shared by [...] Read More... The post Federal Government Requests Public Input on Comment and Rulemaking Processes appeared first on ACA International.
The Water Cooler Chat, At the Bar and Small Agency Jam Session—we’ve got these monthly webinars and more lined up for the rest of the year! Plus: Now is a perfect time to purchase ACA’s All-Access Training Zone to maximize your education goals for 2024. 04/15/2024 1:50 P.M. 3 minute read Looking to supercharge your [...] Read More... The post Plan Your Year with ACA’s 2024 Education Lineup appeared first on ACA International.
The ACA publication was recognized by the American Society of Business Publication Editors at a regional awards banquet last week. 04/15/2024 1:45 P.M. 1 minute read ACA International’s Collector magazine has earned awards from the American Society of Business Publication Editors for excellence in content and design. Collector magazine won three regional Azbee Awards, which honor the [...] Read More... The post Collector Magazine Wins Awards of Excellence appeared first on ACA International.
The settlement comes after an employee inadvertently exposed health and personal information of approximately 136,000 individuals on GitHub. 04/15/2024 1:45 P.M. 2.5 minute read In a landmark case concerning data security and privacy, revenue cycle management firm MedData has reached a $7 million settlement in response to a class action lawsuit stemming from a significant [...] Read More... The post MedData Settles Class Action Lawsuit for $7 Million Over GitHub Data Breach appeared first on ACA International.
Suit Accuses Law Firm of Filing False Affidavit of Service CFPB Letters Demonstrate Support for State Medical Debt Credit Reporting Efforts Judge Recommends Dismissal of FCRA ‘Permissible Purpose’ Case Against Collector Ed. Dept. Releases Student Loan Repayment Data WORTH NOTING: The best way to clean your microwave oven … Working too hard may lead to
The Department of Education has released data regarding repayment trends following the end of the student loan payment moratorium with the intention of noting how many borrowers are making their loan payments on time and how the average payment among those making payments has “nearly” returned to its pre-pandemic level. But only 42% of borrowers
The Consumer Financial Protection Bureau has made no secret of the fact that it wants states to be more proactive when it comes to regulating the financial services industry, and now there are a couple of pieces of evidence to show just how supportive the Bureau is of those efforts. Recently, Rohit Chopra, the director
In a case that was defended by Martin Golden Lyons Watts Morgan with local representation by Smith Debnam, a Magistrate Court judge in South Carolina has recommended that a Fair Credit Reporting Act lawsuit against a debt collector be dismissed because the plaintiff failed to plead facts that the defendant did not have a permissible
The FTC recently issued a report to Congress on its collaboration with state attorneys general. Titled “Working Together to Protect Consumers: A Study and Recommendations on FTC Collaboration with the State Attorneys General,” the report was issued pursuant to the FTC Collaboration Act of 2021. The Collaboration Act required the FTC to conduct a study “on facilitating and refining existing efforts with State Attorneys General to prevent, publicize, and penalize frauds and scams being perpetrated on individuals in the United States” and directed the FTC to report the results of the study to Congress together with recommendations for enhancing collaboration between the FTC and state AGs.… Continue Reading Continue Reading…
The CFPB has released the Spring 2024 edition of Supervisory Highlights. The report discusses CFPB examinations in connection with credit reporting and furnishing that were completed from April 1, 2023 through December 31, 2023. Key findings by CFPB examiners are described below. Examinations of credit reporting companies (CRCs) found the following deficiencies: CRCs failed to timely implement blocks of information after receiving the requisite information relating to an alleged identity theft, without otherwise making a reasonable determination with respect to one of the permitted bases for declining to block such information as provided in the Fair Credit Reporting Act (FCRA) and Regulation V. … Continue Reading Continue Reading…
On April 4, acting Comptroller of the Currency Michael J. Hsu provided his remarks for the second year in a row at the Just Economy Conference hosted by the National Community Reinvestment Coalition. He focused his remarks on the latest developments of the Office of the Comptroller of the Currency (OCC) in its continuing efforts to elevate fairness in the financial industry.… Continue Reading Continue Reading…
In connection with the petition to ban pre-dispute consumer arbitration agreements pending before the Consumer Financial Protection Bureau (CFPB) and a recent Senate Judiciary Committee hearing on “forced arbitration,” Congressman Andy Barr (R-Ky.) and Senator Thom Tillis (R-N.C.) and the American Financial Services Association (AFSA) have voiced their strong opposition to further regulation of consumer arbitration. … 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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