Receivables Advisor

Since the inception of the accounts receivable management industry there has been a key player in every successful organization that has been a central element to growth and employee satisfaction. This guy is well known and although he is getting up there in years, his very presence has propelled struggling operations to higher levels of profitability. He has instilled a sense of fulfillment with those who work in this difficult industry. Let me introduce you to Moe Tivayshun.

Google sued the Consumer Financial Protection Bureau on Friday, challenging the agency’s decision to place Google’s payment division under federal supervision. In a copy of the lawsuit provided by Google, the company said the CFPB’s supervision would be a “burdensome form of regulation” imposed based on a “small number of unsubstantiated user complaints.” The CFPB’s decision related to a Google peer-to-peer payment product no longer offered in the United States.

The CFPB proposed a rule to rein in data brokers that sell Americans' sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies and make sure that people’s financial data such as income is only shared for legitimate purposes, like facilitating a mortgage approval, and not sold to scammers targeting those in financial distress.

Rohit Chopra is using his final weeks as director of the Consumer Financial Protection Bureau to remind banks and other financial industry groups that there’s something for them to love about the regulator they mostly love to hate. Over the past month, the bureau has issued a flurry of new rules and regulatory proposals designed to do things like monitor big tech companies’ payment services and rein in the sale of consumers’ personal data.

Capital One announced it would acquire Discover in an all-stock transaction worth $35.3 billion. Both companies are among the largest credit card issuers in the country while Capital One is the ninth-largest bank in the United States. While the deal may impact consumers in the future, according to a Capital One press release it won’t close until later this year or early 2025.

When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong. It turned out she’d been a victim of identity theft—and it had destroyed her credit rating. In 2001, when she was a 19-year-old student, Betz-Hamilton’s new utility provider demanded a $100 security deposit to turn on her service, citing her credit score. “I thought it was because I didn't have enough credit,” she told Fortune.

Details Category: Breaking News - Daily The Appellate Court of Maryland reversed a lower court’s dismissal of a class action lawsuit alleging violations of the Maryland Consumer Debt Collection Act (MCDCA) and the Maryland Consumer Protection Act (MCPA). The plaintiffs, a class of two individuals, claimed debt collectors filed lawsuits to collect money they knew was not owed, constituting unfair and deceptive practices under Maryland law.

A recent summary judgment decision in Nina Quinn-Davis vs. TrueAccord Corp., Case No. 1:23-cv-23590-LEIBOWITZ/REID (S.D. Fla. Nov. 20, 2024), addresses core merits issues in Florida Consumer Collection Practices Act (FCCPA) claims based on debt collection emails.

Taylor Fudge, the third-generation managing partner of his family's debt collection companies, shares how he's continuing the legacy his grandparents and father started. Fudge shares how his team approaches negotiation and problem-solving. In the late 1980s, Chip Fudge came to a realization that changed the course of his business.

Details Category: Breaking News - Daily Recently, a debt collector filed a complaint against the CFPB and Director Rohit Chopra, in the U.S. District Court for the District of Columbia, challenging the Bureau’s new debt collection advisory opinion.