Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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What’s a Credit Lawyer, and Do I Need One?

Credit Corp

Is your bad credit preventing you from getting a credit card, buying a home, or renting an apartment? Are you paying higher-than-average interest rates because of your poor credit score? If so, a credit lawyer may be able to help. Credit lawyers help with credit repair solutions. Some consumers choose to handle the credit repair process on their own.

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Business Debt Collection in 2024

Burt and Associates

Tackling Business Debt Collection in 2024: Hurdles and Game Plans for Entrepreneurs One constant challenge remains for business owners – getting paid on time. Ensuring clients settle up and managing unpaid bills are crucial to keeping your company’s finances healthy and growing. As we head into 2024, let’s look at the major debt collection roadblocks entrepreneurs will face, along with some essential tips for navigating this tricky territory.

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Removing the stigma behind bankruptcy filings

Roths Child Law

It is no secret that the cost of living is impacting most households in the U.S. In fact, over half of the population have some form of credit card debt. When debts become overwhelming and impossible to pay, filing for bankruptcy is an option. However, many people are put off of doing so because of the stigma behind filing for bankruptcy. What stigma do filers potentially face and what is the truth behind these issues?

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30 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Why Is a Credit Union Better Than a Bank?

Credit Corp

When it comes to borrowing money, building up your emergency fund , and performing financial transactions, you have more options than ever before. You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. Best of all, you can have accounts with multiple institutions, maximizing convenience.

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Changes to the Homeowners’ Association Act: HB 437 Expands Property Owners’ Rights to Use Their Property

Jimerson Firm

“Why does the HOA care what I do in my backyard?” is an all-too-common question posed by homeowners. Responsible for maintaining the community rules, facilities, and appearance, homeowners’ associations have an important role in upholding community standards. However, a common complaint amongst owners revolves around their homeowners’ association’s (“HOA”) authority to govern what happens in the back or side yard of a home out of sight of the rest of the HOA.

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Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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How to Fix Your Credit in 5 Steps

Credit Corp

Whether you realize it or not, your credit score can have a significant impact on your life. It can determine whether you can buy a home, get an auto loan, secure an apartment, and, in some cases, land a job. If your credit is anything less than stellar, you may need to ask yourself, “Is it time to fix my credit?” In this post, we’ll cover five of the best ways to fix your credit: Get a copies of your credit report Address any errors on your credit report s Protect and nurture your credit

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Reporte de la CFPB Identifica Riesgos Financieros y a la Privacidad que Corren los Consumidores en los Mercados de Video Juegos

Consumer Finance

La CFPB emite reporte examinando el crecimiento del comercio digital dentro de juegos de videos y mundos virtuales online.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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National Association of Realtors Settlement and its Effect on the Real Estate Industry

Jimerson Firm

If you have been paying attention to the news lately, you have likely seen stories surrounding a major shakeup with real estate commissions stemming from a settlement in a prominent federal lawsuit. On March 15 th , a settlement was agreed on between the National Association of Realtors (“NAR”) and the U.S. Department of Justice (“DOJ”) who alleged anticompetitive practices.

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Daily Digest – April 5. Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant; Work-Life Balance Key to Attracting New Job Candidates in ARM Industry

Account Recovery

Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant Work-Life Balance Key to Attracting New Job Candidates in ARM Industry Judge Grants MTD in FDCPA Case Over Collection Lawsuit Debt Collection Complaint Volume Falls in 2023: CFPB WORTH NOTING: What you need to know if you are looking at making a […]

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What Is the Impact of Bankruptcy on Professional Licenses and Certifications?

Sawin & Shea

Filing for bankruptcy is a great financial option for those struggling with cumbersome debt. It enables you to discharge eligible debts, such as credit card and medical debt, so that you can live with a fresh start in the future. But you may be wondering, “What Is the Impact of Bankruptcy on Professional Licenses and Certifications?” This debt relief option is the best choice for numerous indebted individuals, and it shouldn’t merely be considered a last resort — It’s a p

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CFPB Finds Americans are Paying Upfront Fees Seeking to Lower Interest Rates on Mortgages

Consumer Finance

The CFPB issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.

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10 Ways to Improve Payment Collections with Salesforce

For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.

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Utilizing ex parte attachments for Massachusetts commercial debt collection

Collections Law

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. Cohen & Associates LLC, our experienced, relentless and innovative commercial debt collection attorneys have over 50 years of collective experience.

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Judge Dismisses FDCPA Class Action Over Undated MVN

Account Recovery

It’s not a ruling on the merits of sending an undated Model Validation Notice, but a District Court judge — this time in California — has dismissed a plaintiff’s Fair Debt Collection Practices Act class action, ruling that the plaintiff did not suffer a concrete injury and thus does not have standing to sue.

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Paul Hammer Featured in Law360 Article on Bankruptcy Practice

BN Lawyers

Paul Hammer, Shareholder and leader of Barron & Newburger’s Houston Office, was recently quoted in an article published by Law360 entitled “5 Myths in Bankruptcy Practice Debunked”. Mr. Hammer was interviewed along with several prominent practitioners from large AMLAW firms including White & Williams and Cole Schotz. The article in its entirety may be found here: 5 Myths In Bankruptcy Practice Debunked – Law360 Bankruptcy Authority The post Paul Hammer Featured in Law360 Article on

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CFPB Revela que la Gente está Pagando Tarifas por Adelantado para Reducir la Tasa de Interés de Hipotecas

Consumer Finance

CFPB publica nuevo reporte donde revela que más prestatarios pagaron por “punto de descuento” mientras las tasas de interés aumentan.

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Connect, Care, Convert: Secrets to Establishing Trust with Niche Markets and Turning Them Into Clients

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

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Risk and reward: How AI is driving the US debt collection industry

Collection Industry News

The use of AI in the sector only looks set to grow; even though just over 10% of collections firms currently employ AI-driven tools in the US, around 60% are considering implementing them. The benefits are clear: AI tools can predict which debtors are likely to pay; they can negotiate payments virtually, and segment and profile customers. This is good news for financial services providers, experts say, because systems can spot who’s going to pay their debt and who’s less able to honour demands.

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Daily Digest – April 3. Judge Grants MTD in FDCPA Class Action; CPPA Issues First Enforcement Advisory

Account Recovery

Judge Grants MTD in FDCPA Class Action Judge Denies MTD in FDCPA Class Action Over Post-Judgment Fees CPPA Issues First Enforcement Advisory; Focuses on Data Minimization 30 Companies Seeking Collection Talent WORTH NOTING: Some weird beach laws that are on the books in different locales across the United States … A lot of people think […]

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Member Spotlight: Credibility Through Certification

NACM

Earning designations are not limited to those who are new to the industry. Whether advancing your career, expanding your knowledge on basic information or learning new skills, NACM's Professional Certification Program helps credit professionals with career growth. Designations can provide many benefits for your company and your customers.

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Statement of CFPB Director Rohit Chopra on Risks to Consumers in Video Gaming Marketplaces

Consumer Finance

CFPB Director Rohit Chopra provided a statement on the Banking in Video Games and Virtual Worlds report.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Compliance Digest – April 2

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Daily Digest – April 1. Proposed Rule Would Require Mini-Miranda Disclosure in Five Languages; Industry Attorney Selected to Replace ‘Bachelorette’ Drop-Out

Account Recovery

Proposed Rule Would Require Mini-Miranda Disclosure in Five Languages Industry Attorney Selected to Replace ‘Bachelorette’ Drop-Out Group Pushing State Laws to Ban Internet, Technology From Collections Compliance Digest – April 1 WORTH NOTING: Five tips for not getting tricked this April Fool’s Day … Common mistakes you are likely making that can ruin your credit […]

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Work-Life Balance Key to Attracting New Job Candidates in ARM Industry

Account Recovery

There is a new generation of individuals entering the workforce and collection operations of any shape or size need to adjust their recruiting techniques and strategies to appeal to what this new generation is looking for most — work-life balance — or risk having significant difficulties hiring new employees, according to a panel of human […]

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Judge Grants MTD in FDCPA Case Over Collection Lawsuit

Account Recovery

In a case that was defended by Patrick Newman and Kira Locke from Bassford Remele, a District Court judge in Minnesota has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, because the plaintiff lacked standing on some of her claims, failed to state a claim on others, and should have […]

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.