Account Recovery
MARCH 8, 2022
A District Court judge in New York has disagreed with both the plaintiff and defendant in a Fair Debt Collection Practices Act case and remanded the case back to state court for lack of standing, ruling that the plaintiff did not suffer a concrete injury based on the claims that he alleged in his amended … The post Judge Remands FDCPA Case Back to State Court appeared first on AccountsRecovery.net.
Nerd Wallet
MARCH 8, 2022
A striking lack of affordability held steady for first-time home buyers in the final quarter of 2021. After a slight uptick in listings in the third quarter, the number of homes on the market fell further into a hole to close out the year. In last quarter’s first-time buyer analysis for Q3, we cautioned buyers against. Elizabeth Renter writes for NerdWallet.
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Account Recovery
MARCH 8, 2022
A bill has been introduced in the Senate by Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, that would ban forced arbitration clauses in the financial services industry. A copy of the bill, S. 3755, called the Arbitration Fairness for Consumers Act, can be accessed by clicking here. The bill has a … The post Bill Introduced in Senate to Ban Arbitration Clauses appeared first on AccountsRecovery.net.
Nerd Wallet
MARCH 8, 2022
Nurse practitioners have one of the most in-demand jobs in the United States. They coordinate patient care and may provide primary and specialized health care such as evaluation, diagnosis and prescription of a treatment plan. To become a nurse practitioner, you’ll need to be a registered nurse with specialized graduate education. Employment outlook The following.
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.
Account Recovery
MARCH 8, 2022
The City of New York has reached a settlement with a for-profit university that will force the school to stop collecting on $20 million of unpaid student loans while also paying a fine of $350,000 for, among other allegations, collecting debts that were not owed, concealing its identity from former students when collecting debts, and … The post Berkeley College to Cancel $20M in Unpaid Loans, Revamp Collection Procedures in Settlement with NYC appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MARCH 8, 2022
JUDGE REMANDS FDCPA CASE BACK TO STATE COURT A District Court judge in New York has disagreed with both the plaintiff and defendant in a Fair Debt Collection Practices Act case and remanded the case back to state court for lack of standing, ruling that the plaintiff did not suffer a concrete injury based on … The post Daily Digest – March 8.
Nerd Wallet
MARCH 8, 2022
Square and Shopify offer payment processing services that support in-person and online sales and include point-of-sale, or POS, software features. But they differ in pricing, contract requirements and features. While Shopify might be better suited for focusing on e-commerce sales, Square offers more flexibility. Here’s how they compare. Deciding factors SquareShopify Software costFree with add-ons.
UK debt collections
MARCH 8, 2022
An Unpaid Debt for £230 dramatically paved the way for a majestic Scottish castle being seized by Scottish Sheriff Officers last week. The Owners of the Scottish castle were after a battle over a £230 unpaid debt dating back 25 years. With continued costs being added, the debt rose to £30,000. Eventually, Businesswoman Marian Van Overwaele was made bankrupt in 2000.
Nerd Wallet
MARCH 8, 2022
A trade-in will almost certainly reduce the sales tax you pay when you buy another car. That’s because your old car’s trade-in value is typically used to reduce the amount you owe for the new car before taxes are calculated. “I would say the tax benefits of trading in are … probably one of the. Cara Smith writes for NerdWallet. Email: cara.smith@nerdwallet.com.
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Consumer Finance
MARCH 8, 2022
Today, CFPB Director Rohit Chopra released the following statement on President Biden’s Executive Order, Ensuring Responsible Development of Digital Assets.
Taurus Collect
MARCH 8, 2022
Debt collection is a legitimate business that can involve challenging & confusing issues. Debt collectors typically work with debt-collection agencies, though some may operate independently. Sometimes, such agencies act as intermediaries to collect delinquent debts from customers at least 60 days past and remit them to original creditors. However, it is often not as simple as the definition above, and you may have a lot of questions.
Collections Law
MARCH 8, 2022
As a creditor, the last thing you want to hear is that one of your debtor businesses may be filing for bankruptcy. Realistically, you know that you may not be able to collect as much money as you had hoped, and their actions could limit your recovery significantly. The attorneys at the Law Offices of Alan M. Cohen LLC know that you must act quickly if you think your debtor will be filing for bankruptcy soon.
Credit Management Company
MARCH 8, 2022
Are you worried that if you refer your customers to a debt collection agency you’ll lose control of your brand? If you’ve had negative experiences with debt collectors, you may think that asking someone else to handle your unpaid invoices is the wrong move. Yet with the right company, you can form a partnership that will help you resolve payment challenges professionally.
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?
Fico Collections
MARCH 8, 2022
When I was a kid, women often found it harder to get credit than men. A lot of lenders just didn’t think women were good credit risks. On International Women’s Day today, I’d like to share about how FICO broke that bias with data science. When Bill Fair and Earl Isaac started selling data-driven credit scoring models in the late 1950s, it was a new concept for lenders.
Public Citizen
MARCH 8, 2022
Amy J. Schmitz of Ohio State has written Will the United States Remain Exceptional in Enforcing Predispute Arbitration Clauses in Consumer Contexts? MARC. Revista de Medios Alternativos de Resolución de Conflictos, no 2, 34-39 (August 2021) at Venezuelan American Chamber of Commerce and Industry. Here's the abstract: American exceptionalism” has been used to reference the United States’ outlier policies in various contexts, including its love for litigation.
Troutman Sanders
MARCH 8, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.
Troutman Sanders
MARCH 8, 2022
On February 21, President Biden issued an executive order blocking property of certain persons, and prohibiting transactions regarding Russia’s invasion of the Ukraine. The following day, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued restrictions on activities with Russian individuals and entities. On February 25, these lists were updated to include political leaders such as Vladimir Putin.
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