Account Recovery
MAY 2, 2022
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.
Consumer Finance
MAY 2, 2022
Numerous student loan borrowers recently submitted complaints to the Consumer Financial Protection Bureau (CFPB) about companies that promised them student loan forgiveness or loan forbearance in exchange for fees amounting to hundreds or thousands of dollars. Borrowers believed they were talking to their servicer or a company authorized by the Department of Education because they often knew private information such as the borrower’s loan balance or recent consolidation activity.
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Account Recovery
MAY 2, 2022
The Court of Appeals for the Sixth Circuit has affirmed a lower court’s ruling in favor of a plaintiff who accused a collection law firm of violating the Fair Debt Collection Practices Act by obtaining a writ of garnishment in the wrong jurisdiction. A copy of the ruling in the case of Thompson v. Renner … The post Appeals Court Upholds Ruling For Plaintiff in FDCPA Case Over Garnishment Jurisdiction appeared first on AccountsRecovery.net.
Nerd Wallet
MAY 2, 2022
NerdWallet’s travel experts harp on one concept over and over again: The smartest way to plan your trips, redeem points and miles, or select a new travel rewards credit card really depends on your individual travel goals. Turning your travel rewards plans into a smart money move doesn’t have to entail opening 20-plus credit cards. Elina Geller writes for NerdWallet.
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
MAY 2, 2022
APPEALS COURT UPHOLDS RULING FOR PLAINTIFF IN FDCPA CASE OVER GARNISHMENT JURISDICTION The Court of Appeals for the Sixth Circuit has affirmed a lower court’s ruling in favor of a plaintiff who accused a collection law firm of violating the Fair Debt Collection Practices Act by obtaining a writ of garnishment in the wrong jurisdiction. … The post Daily Digest – May 2.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MAY 2, 2022
Everyday, there are legal rulings, compliance bulletins, bills that become law, and other updates released by regulators and lawmakers. Those updates often detail what can and can’t be done, but rarely do they provide the how. Companies in the accounts receivable management industry are often left to their own devices to determine what they need … The post New Video Series Launched: Debut Episode Tackles White House’s Bulletin on Medical Debt appeared first on AccountsRecovery.
Nerd Wallet
MAY 2, 2022
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about National Small Business Week. Then we pivot to this week’s money question from Bryan, who sent us an email. They wrote: “Hi, Nerds. I love listening to your advice during my commute. Speaking of. Liz Weston, CFP® writes for NerdWallet.
Account Recovery
MAY 2, 2022
The number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and the Telephone Consumer Protection Act all increased in March, compared with a month earlier, each growing by more than double-digit percentages, according to data released by WebRecon. The number of FCRA lawsuits in March was 17% higher … The post Lawsuit Totals Spike in March: WebRecon appeared first on AccountsRecovery.net.
Nerd Wallet
MAY 2, 2022
On a hot summer day, a dip in a cool pool feels priceless. But installing that swimming pool definitely comes with a price tag. An above-ground pool costs $700 to $3,600, while an in-ground pool costs $36,750 to $66,500, according to home improvement website HomeAdvisor. Cash is the interest-free way to pay for your backyard. Annie Millerbernd writes for NerdWallet.
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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.
Account Recovery
MAY 2, 2022
The Consumer Financial Protection Bureau has filed a proposed order seeking to bring an end to an enforcement action against a pair of debt relief companies and their owner, which would ban the owner from the debt relief industry for five years and require him to pay a $30,000 fine, and permanently ban one of … The post CFPB Gets Ban for Debt Relief Co.
Nerd Wallet
MAY 2, 2022
Amid stagnating wages and rising prices, the financial pros will tell you the same thing: You can’t keep saving and spending the same way you always have if you want to keep up. There are plenty of things you can do to combat some of the biggest issues facing consumers today. Here’s what some Asian. Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com.
UK debt collections
MAY 2, 2022
World famous Tennis legend Boris Becker has been jailed for two years and six months following various breaches of his bankruptcy order. Becker was made bankrupt in 2017 and ordered to comply with Insolvency laws but he was found to have hid millions of pounds worth of assets. At Southwark Crown Court , he was found guilty on four charges relating to breaches of UK Insolvency laws but acquitted on a further 20 counts in connection with his 2017 bankruptcy.
Nerd Wallet
MAY 2, 2022
Like many other rental car companies, Hertz offers a loyalty program for its most valued members. Those who rent from Hertz frequently can enjoy perks like free car rentals, complimentary upgrades and additional bonus points. You may be wondering how you can take advantage of these loyalty perks. Let’s take a look at Hertz Gold. Carissa Rawson writes for NerdWallet.
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?
FFGN COLLECT NY
MAY 2, 2022
Join Frank, Frank, Goldstein and Nager’s managing partner Jocelyn Nager for webinar on New York’s Consumer Credit Fairness Act. The act, which was signed into by Governor Kathy Hochul in November and largely goes into effect in May, changes rules around consumer debt collection. Some changed, such as the reduction of time to collect consumer credit transactions, went into effect earlier this year.
Nerd Wallet
MAY 2, 2022
Texas has over 4.4 million Medicare beneficiaries — the third highest total of any state. Of those, about 2.3 million Texans have Original Medicare (Part A and Part B). If you have Medicare Part A and Part B, you’re eligible to purchase Medicare Supplement Insurance, or Medigap. Medigap plans cover certain out-of-pocket expenses left over. Alex Rosenberg writes for NerdWallet.
TCPA
MAY 2, 2022
The TCPA’s Do Not Call (DNC) regulations prohibit telephone solicitations to “residential telephone subscriber[s]” who have “registered [their] telephone number on the national do-not-call registry.” See 47 C.F.R. § 64.1200(c)(2).
Nerd Wallet
MAY 2, 2022
Travelers who fly often may benefit from using airline credit cards. If you’re considering one, you’ll want to know the benefits of airline credit cards so you can determine if this is the right type of rewards card for you. Let’s take a look at the top airline credit card benefits that you can expect. Natasha Gabrielle writes for NerdWallet. Email: travel@nerdwallet.com.
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Troutman Sanders
MAY 2, 2022
On April 29, the Consumer Financial Protection Bureau (CFPB or Bureau) released Spanish language translations for certain model and sample forms included in the Prepaid Rule in Regulation E and for certain adverse action model and sample notices included in Regulation B. The Bureau also used the announcement as an “opportunity to remind financial institutions of their obligation to serve the communities where they do business, including communities with limited English proficiency.
Nerd Wallet
MAY 2, 2022
Plumbing projects are among the most expensive — and stressful — repairs that a homeowner can face. Fixing a sewer main or septic tank can cost thousands of dollars, and even a smaller project, such as a garbage disposal repair, can cost hundreds. Many home warranty plans offer plumbing coverage, but only in a narrow. Taylor Getler writes for NerdWallet.
Troutman Sanders
MAY 2, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.
Nerd Wallet
MAY 2, 2022
United Airlines’ loyalty program, MileagePlus, allows members to redeem United miles on award flights with both United and its partner airlines. Although there is no longer a United award chart, MileagePlus still offers some great ways to redeem miles for United award travel. Below, we dive into what you need to know for booking United. Josh Garber writes for NerdWallet.
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.
Troutman Sanders
MAY 2, 2022
On April 28, U.S. District for the Southern District of New York Judge Mary Kay Vyskocil issued an order , enjoining three named sheriffs in New York from enforcing the recently enacted New York Fair Consumer Judgment Interest Act (Act) on a retroactive basis and directs the plaintiffs to deliver notice of the same to all 62 sheriffs located within the state.
Taurus Collect
MAY 2, 2022
Managing a productive cash flow is a real challenge for every business. Cash is a critical part of your business that allows a smooth flow of daily operations while enabling you to expand your endeavors. Most often, first-time business entrepreneurs overlook the importance of cash flow and measure their success by the other key metrics, including the active number of jobs, the size of contracts, and the profit margins.
TCPA
MAY 2, 2022
Earlier this month, the U.S.
Taurus Collect
MAY 2, 2022
Almost every enterprise deals with delinquent accounts. Moreover, improper management of such accounts can become burdensome for your daily business operations, making it difficult to grow. Additionally, employing internal resources to follow up with these accounts in a timely fashion can be challenging. However, hiring an external agency to assist your business with debt recovery services , receivables, and charged-off balances is an incredible way to overcome these obstacles while improving co
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