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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…
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…
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…
A group of 10 Senate Democrats, led by Sen. Sherrod Brown ,…
The Consumer Financial Protection Bureau yesterday issued guidance warning remittance transfer providers…
A District Court judge in West Virginia has denied a motion to…
What constitutes a debt? The definition seems to change by the day.…
I am thrilled to announce that the Getting to Know series will…
Judge Approves Settlement in FDCPA Class Action That Exceeds 1% Net Worth…
Recognizing the growing importance of technology in financial services, the Consumer 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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