Account Recovery

AUGUST 10, 2022

SAN DIEGO, Aug. 08, 2022 — Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that its President and CEO, Ashish Masih, has been reappointed by U.S. Secretary of Commerce Gina M. Raimondo to the U.S.-India CEO Forum. The Forum brings together top-level business executives from both nations to discuss ways to strengthen economic … The post Encore CEO Ashish Masih Reappointed to U.S.

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Consumer Finance

AUGUST 10, 2022

The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of when firms can be held liable for lax data security protocols.

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Account Recovery

AUGUST 10, 2022

Months after filing a lawsuit accusing a hospital network of “aggressively” seeking to collect $70 million from individuals who were eligible for charity care, the Attorney General of Washington has expanded his lawsuit to include a pair of collection agencies that allegedly failed to inform individuals about their eligibility. The hospital network reportedly referred more … The post Wash.

Collection Agencies 246

Collection Agencies Collections Agency Collections Healthcare 246

Nerd Wallet

AUGUST 10, 2022

Road trips are a rite of passage for many Americans. These driving adventures are full of roadside attractions, eclectic diners and incredible memories. Yet, with high gas prices, many families are understandably reconsidering their vacation plans. One way to keep your travel plans intact without breaking the bank is to focus on destinations with the.

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Banks 82

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

AUGUST 10, 2022

In response to the announcement that it was being sued by the Attorney General of Washington for violating state law related to the disclosures required when sending initial collection notices, Harris & Harris provided the following statement to AccountsRecovery.net. The statement was made by Ari Derman, the company’s General Counsel: Harris & Harris (H&H) has … The post Harris & Harris Responds to Washington AG’s Lawsuit appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

AUGUST 10, 2022

The Court of Appeals for the Tenth Circuit has upheld the dismissal of a Fair Debt Collection Practices Act case, ruling that an alleged false or misleading communication must be material in order to be considered a violation of the statute, but also took a deep dive on the different definitions that have been created … The post Appeals Court Upholds Dismissal of FDCPA Suit, While Tackling Issues With ‘Least Sophisticated Consumer’ Standard appeared first on AccountsRecovery.ne

Fair Debt Collection 245

Fair Debt Collection Collections 245

Nerd Wallet

AUGUST 10, 2022

DeFi, short for decentralized finance, refers to services where users can make transactions on a public blockchain without an intermediary like a bank or a broker. These peer-to-peer services take place through smart contracts on public blockchains, primarily Ethereum. In DeFi, smart contracts — which are contracts coded to automatically run on a blockchain when.

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Banks 77

Account Recovery

AUGUST 10, 2022

A California Appeals Court has affirmed the denial of an anti-SLAPP motion filed by a defendant being sued for violating the Fair Debt Collection Practices Act and the Rosenthal Fair Debt Collection Practices Act for allegedly making false representations in an underlying collection lawsuit. A copy of the ruling in the case of Paredes v. … The post Calif.

Fair Debt Collection 245

Fair Debt Collection Collections 245

Nerd Wallet

AUGUST 10, 2022

Despite what some travelers might think, booking a hotel in advance usually isn’t a good idea. The savings aren’t huge, but booking at the last minute knocks about 13% off the price of a hotel room, on average. But what about short-term vacation rentals like Airbnb? NerdWallet looked at real-world booking data for hundreds of. Sam Kemmis writes for NerdWallet.

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Collections

Account Recovery

AUGUST 10, 2022

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. This is merely meant … The post 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

Accounts Receivables Management 242

Accounts Receivables Management Collections 242

Foster Swift

AUGUST 10, 2022

Taking effect on September 22, 2022, the Michigan Uniform Assignment of Rents Act (MUARA) will impact tenants’ rights in situations where landlords default on their loans. This Act also strengthens lenders’ rights, under certain circumstances, to appoint receivers to collect rent payments if one of their borrowers defaults on a loan secured by an income-producing property.

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Lender Loans Collections 52

Account Recovery

AUGUST 10, 2022

APPEALS COURT UPHOLDS DISMISSAL OF FDCPA SUIT WHILE TACKLING ISSUES WITH ‘LEAST SOPHISTICATED CONSUMER’ STANDARD The Court of Appeals for the Tenth Circuit has upheld the dismissal of a Fair Debt Collection Practices Act case, ruling that an alleged false or misleading communication must be material in order to be considered a violation of the … The post Daily Digest – August 10.

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Fair Debt Collection Collections 241

Troutman Sanders

AUGUST 10, 2022

On August 10, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an interpretive rule, detailing when digital marketing providers for financial firms must comply with federal consumer financial protection laws. The interpretive rule addresses digital marketing providers that commingle the targeting and delivery of advertisements to consumers with the provision of advertising “time or space.

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Financial services 52

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

Fico Collections

AUGUST 10, 2022

Home. Blog. FICO. Covid to Cost-of-Living: Assessing Affordability in Uncertain Times. The removal of the mortgage market affordability test in the UK could pose challenges at a time when affordability is an important lending issue. FICO. Tue, 07/02/2019 - 02:45. by Matt Cox. expand_less Back To Top. Wed, 08/10/2022 - 11:55. As the pandemic finally starts to abate and related restrictions, as well as support, eases around the globe, we’ve moved swiftly into a global cost-of-living crisis.

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Lender Banks Loans Acquisition 52

NACM

AUGUST 10, 2022

Kendall Payton, editorial associateThe consumer price index (CPI) rose 8.5% in July, compared to a 9.1% year-over-year increase in June. The drop in gas prices is a notable indicator of slowing inflation, but rates continue to increase among food and energy prices. The food index has increased 10.9% in the past year, the fastest pace since May 1979.

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Account Recovery

AUGUST 10, 2022

Ogden, UT – Payment communication software company PDCflow and call center software company PIMSWARE have teamed up to deliver secure capture payment technology. Through an integration with PDCflow’s Flow Technology, PIMSWARE users can now send texts and emails or call via dialer and collect secure signatures and payments from consumers – all within a single … The post Secure Payment Capture Technology Through PDCflow/PIMSWARE Partnership appeared first on AccountsRecovery.net.

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Collections 189