Getting to Know Shannon Battani of Unifund
- Having learned from one of the legends of the accounts receivable management and debt buying industries, it’s no wonder that Shannon Battani has forged a successful career for herself. Even though she is someone who relishes in helping her colleagues and co-workers, Battani understands the importance of being a good listener. Read on to learn more about Shannon, the reality show she would most like to be a part of, and how she gets more done by 9am than you get done in a day.
- More details here.
Judge Dismisses Most Counts in FDCPA Case Over Disputed Debt
- A District Court judge in Connecticut has dismissed a laundry list of Fair Debt Collection Practices Act claims made by a plaintiff against a collection law firm, but denied the defendant’s motion to dismiss on one of the claims, which can be used to serve as a reminder to collectors to make sure you include information from the right account when sending debt verification information to a consumer.
- More details here.
CFPB Denies Petition in Student Loan BK Collection Discharge Investigation
- The Consumer Financial Protection Bureau has denied a petition from the Pennsylvania Higher Education Assistance Agency to set aside a civll investigative demand into whether the servicer maintained adequate policies and procedures to determine whether loans were dischargeable in bankruptcy and if attempts were made to collect on loans that had been discharged in bankruptcy, saying that it is investigating potential violations of the Consumer Financial Protection Act and not the Bankruptcy Code.
- More details here.
CFPB Publishes Guidance on Use of AI in Credit Decisions
- The Consumer Financial Protection Bureau is trying to build more guardrails around how companies in the financial services industry use artificial intelligence, issuing a warning that when sending credit denial letters to consumers, lenders must receive accurate and specific reasons and not just a checklist detailing why a credit request was denied.
- More details here.
WORTH NOTHING: Why a cyberattack is to blame for your inability to find Clorox wipes … Tips to boost your brain health and slow mental aging … A sofa available at Costco is going viral … The top five beers to drink during Fall, according to experts … What members of Generation Z really want for their careers … A family is suing Google because Google Maps told a man to drive over a bridge that collapsed nine years ago … Get ready for a new Alexa, which will sound more human … How to make someone think you can read their mind.
Top 10 Thursday, part I
Top 10 Thursday, part II
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