CFPB Issues Guidance Over ‘Free’ Money Transfers, Claims of How Fast Funds Are Available

The Consumer Financial Protection Bureau yesterday issued guidance warning remittance transfer providers that falsely advertising the speed or cost of sending money can violate federal law, and that these provisions don't just apply to the traditional providers of international money transfers, but to digital wallets that offer the capability to send money from the United States. Some companies may market

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Judge Denies MTD, Rules Credit Union Meets WVCCPA Definition of ‘Debt Collector’ in Convenience Fee Case

A District Court judge in West Virginia has denied a motion to dismiss filed by a credit union that is facing a class-action lawsuit for violating the West Virginia Consumer Credit and Protection Act by charging a $5 fee to make payments over the telephone, ruling the credit union is a debt collector under the statute. The Background: The plaintiff

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Judge Denies Defendant’s MJOP in FDCPA Case Over Tax Debt

What constitutes a debt? The definition seems to change by the day. A District Court judge in Connecticut has denied a defendant's motion for judgment on the pleadings, ruling the debt in question does meet the Fair Debt Collection Practice Act's definition of a debt and that the suit should proceed. The Background: In January 2021, the plaintiff leased a

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CFPB Issues Guidance Over ‘Free’ Money Transfers, Claims of How Fast Funds Are Available

The Consumer Financial Protection Bureau yesterday issued guidance warning remittance transfer providers

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Judge Denies Defendant’s MJOP in FDCPA Case Over Tax Debt

What constitutes a debt? The definition seems to change by the day.

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Getting to Know Joel Blackburn of Cornerstone Licensing

I am thrilled to announce that the Getting to Know series will

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CFPB, FTC Ramping Up Tech Capabilities, Staff

Recognizing the growing importance of technology in financial services, the Consumer Financial

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David Williams Breaks Down Acquisition of RGS Financial

Having kicked the tires at about a dozen different companies during the past few years in considering acquisition targets, David Williams of Williams & Fudge knew he needed to find the right company to help grow his operation. And, as it turns out, the right target was one he had known for more than a decade. Last month, Williams & Fudge announced it was acquiring RGS Financial. David Williams, the president of Williams & Fudge, sat down with AccountsRecovery.net to discuss the acquisition, why diversification away from student loans was important for the company, and the importance of really getting to know the people involved on the other side of the table when making an acquisition. Watch the video to see everything David had to say.

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