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May

17
2024
Industry News

Looking to buy an exotic pet? Scammers are hoping to hear from you

Social media can connect us to friends and family across the country — but it can also connect us to scammers. Impersonators on TikTok, Instagram, and Facebook are pretending to sell exotic animals to try and get people’s money. Here’s how to spot and avoid these scammers.

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May

17
2024
Industry News

Supreme Court lets CFPB funding stand

The Supreme Court on Thursday rejected a challenge to the constitutionality of the structure used to fund the Consumer Financial Protection Bureau, the federal agency tasked with enforcing consumer finance laws. By a vote of 7-2, the justices reversed a decision by a federal appeals court in Louisiana, which had ruled that the agency’s funding violates the Constitution because it comes from the Federal Reserve rather than through the congressional appropriations process.

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May

17
2024
Industry News

Wisconsin’s Debt Collection Laws Get an Update: What You Need to Know

In a notable development for debt collection in Wisconsin, the Great Lakes Credit & Collection Association (GLCCA) has played a pivotal role in securing updates to the state’s debt collection statutes after several years of collaboration with the Wisconsin Department of Financial Institutions (WDFI). The result of this collaborative effort is Wisconsin Act 267, formerly Senate Bill 668, signed into law by Wisconsin Governor Tony Evers on April 4, with an effective date of January 1, 2025.

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May

16
2024
Industry News

Attorney General Ellison commends Senate for final passage of the Debt Fairness Act

Act reforms medical debt collection, wage garnishment, and bankruptcy, including banning automatic transfer of medical debt to one’s spouse and banning denying necessary medical care over unpaid bills

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May

16
2024
Industry News

Solving Law Firm’s Biggest Problem: Outsourcing Legal Billing to Improve Collection and Profitability

Streamlining and improving the billing process in law firms is often perceived as a daunting task, fraught with complexities that can challenge even the most seasoned legal professionals.

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