Account Recovery

JUNE 8, 2023

Leveraging on Skit.ai’s Voice AI technology, the company has recorded over 53% engagement and an impressive 25% RPC, underlining the swift consumer adoption of Voice AI. New York (June 8, 2023) – Skit.ai the leading Conversational Voice AI solution provider in the Account Receivable Management (ARM) sector, announced its partnership with Transfinancial Companies LLC.

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Accounts Receivables Management Collections 130

Credit Corp

JUNE 8, 2023

In July 2016, the Consumer Federation of America (CFA) and VantageScore Solutions reported that most consumers—more than 80%—knew basic facts about their credit scores, including that credit scores are used by lenders to approve or deny mortgages and by credit card issuers to approve or deny credit cards. While it’s good that most people know the importance of credit scores, the same survey found that many consumers don’t understand credit score details.

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Lender Loans Creditors Credit Unions 98

Account Recovery

JUNE 8, 2023

Given the opportunity to do anything else, Scott Dellaventura would still choose to be a lawyer. Knowing you have found your calling really allows people to flourish, and Scott is no different. In the courtroom or in the office working on a compliance management system, he is equally comfortable and successful.

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Lawyers 130

Troutman Sanders

JUNE 8, 2023

As discussed here , in April 2023, Colorado introduced HB 1229 that proposed to limit certain charges on consumer loans and simultaneously opt Colorado out of sections 521-523 of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA). Sections 521-523 of DIDMCA empower state banks, insured state and federal savings associations and state credit unions to charge the interest allowed by the state where they are located, regardless of where the borrower is located and regardless

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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

JUNE 8, 2023

A state Appeals Court in Georgia has affirmed a lower court’s denial of class certification in a Fair Debt Collection Practices Act case, ruling the plaintiff failed adequately assess the size of the class, thus not meeting the numerosity component required for certification. A copy of the ruling in the case of Cagle v.

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Fair Debt Collection Collections 130

Account Recovery

JUNE 8, 2023

The moratorium on student loan payments is coming to an end, and there are probably plenty of people in the accounts receivable management industry who are happy about that — most notably companies that specialize in collecting on unpaid student loans.

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Student loans Student Loans Loans Accounts Receivables Management 130

Troutman Sanders

JUNE 8, 2023

Please join Troutman Pepper Partners Chris Willis and Jason Cover as they discuss the Consumer Financial Protection Bureau’s (CFPB) recent special edition Supervisory Highlights focused on “junk fees.” Chris and Jason dive into the report and talk about how this fits into the CFPB’s broader initiative on junk fees, what exactly constitutes a junk fee, the types of fees the CFPB identifies as problematic, if this means that creditors can’t charge any of these fees, and steps to take to mitigate

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Creditors 52

Account Recovery

JUNE 8, 2023

GETTING TO KNOW SCOTT DELLAVENTURA OF TOBIN & MAROHN Given the opportunity to do anything else, Scott Dellaventura would still choose to be a lawyer. Knowing you have found your calling really allows people to flourish, and Scott is no different.

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Lawyers 130

Collection Industry News

JUNE 8, 2023

1. Communication and negotiation: Begin by establishing open lines of communication with the debtor. Maintain a professional and courteous tone throughout your interactions. Try to understand their perspective and offer flexible repayment options or settlements that can help resolve the debt amicably. 2. Written demands: Send written demands for payment, outlining the details of the debt, including the amount owed, due dates, and any applicable interest or late fees.

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Collections

Account Recovery

JUNE 8, 2023

Ruh Roh, Raggy, the worm on standing may have finally turned.

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Fair Debt Collection Collections 130

Credit Corp

JUNE 8, 2023

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. card_name – is it worth it? Yes, especially if you foresee dining and travel in your future. The annual fee for the card_name can be expensive at annual_fees.

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Fico Collections

JUNE 8, 2023

Home Blog Feed test EV and the Future of Hyper-Personalized Automotive Experiences Steve Greenfield, CEO and Founder of Automotive Ventures, discusses how electric vehicles will drive hyper-personalization in this Q&A from FICO Mastermind Wed, 04/12/2023 - 22:39 JenniferPiccinino@fico.com by FICO expand_less Back to top Thu, 06/08/2023 - 16:20 The FICO Mastermind event is an event for executives, influencers and decision-makers in the vehicle finance industry.

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Lender Retail Acquisition Creditworthiness 52

Credit Corp

JUNE 8, 2023

card_name Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. In a snapshot: the card_name is a great option if you have a lower credit score (below 629) and need access to a line of credit that can help you build better credit. card_name is a great option to consider if you currently have low credit and are worried about being able to pay a dep

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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?

Banks

Payment Savvy

JUNE 8, 2023

PayPal has become a popular payment option for many people. It’s fast, convenient, and secure. But did you know that you can also use PayPal in-store without a card? In this guide, we’ll discuss how to use PayPal in-store without a card, where you can find stores that accept PayPal, and some of the additional benefits you can get when you use PayPal.

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Retail Banks 52

On Guard

JUNE 8, 2023

How finance professionals can embrace and utilise the latest technologies Artificial intelligence (AI) and machine learning (ML) have become increasingly prominent in the financial world in recent years, with innovations such as chatbot assistants, fraud detection and automated processes. The pace of these digital developments is unprecedented, with technologies like Web3 enabling organisations to work in a decentralised, distributed and democratic manner.

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