disclosures Archives

October 10, 2024 by Jay Harris in Compliance

FTC's Invitation Homes Settlement: Federal Consumer Protection Laws In Rental Property Management

The Federal Trade Commission (FTC) announced a groundbreaking settlement with Invitation Homes, a large single-family rental home owner/operator, on September 24. The settlement, which includes a $48 million monetary judgment...

Drobot Dean / Adobestock

September 30, 2024 by Don Hoegg Jr. in CFPB

insideARM Weekly Recap - Week of September 23rd, 2024

News in the ARM industry moves at lightning speed; determining what's important and what’s just noise can be challenging. This is why the editorial team at insideARM sifts through all...

peshkova / Adobestock

September 26, 2024 by Kristen Larson in CFPB

CFPB Reminds Financial Institutions to Retain Records of Affirmative Consent for Overdraft Opt-in

On September 17, 2024, the CFPB issued Consumer Financial Protection Circular 2024-05 on improper overdraft practices. The circular reminded financial institutions of their obligation to retain records that prove the consumer consented...

Hans / Pixabay

July 9, 2024 by Christopher Willis in Auto Finance Receivables

CFPB Releases Supervisory Highlights Focusing on Debt Collection and Loan Servicing Practices

On July 2, the Consumer Financial Protection Bureau (CFPB or Bureau) published the summer edition of its Supervisory Highlights, focusing on examinations of auto and student loan servicing companies and debt...

sveta / Adobestock

February 28, 2023 by Rob Kennedy in Collection Technology

How A Compliant No-Cost-To-Biller Fee Model Can Help Your Business. [Sponsored]

In collections, the biggest challenge is getting in contact with account holders and setting up a payment agreement to resolve outstanding debt, especially with consumers who have a low propensity...

Blank numbered list with Rules at header written on chalkboard.

Krasimira Nevenova / AdobeStock

February 22, 2023 by Donald Maurice in Debt Collection

The Two New Yorks and Their Proposed Debt Collection Rules

The New York Department of Financial Services and the New York City Department of Consumer and Worker Protection are simultaneously engaged in amending their consumer debt collection rules. While the...

July 20, 2022 by Missy Meggison in Compliance

Hunstein Copycat Suit Fails Where Data Sent to Vendor is Secure

The line of cases known as "Hunstein Copycats" continues to develop through the court systems. Unlike the last case to make headlines, the most recent result is positive for the ARM...

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