Wed.Jul 13, 2022

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24 Companies Looking for 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. This is merely meant … The post 24 Companies Looking for Collection Talent appeared first on AccountsRecovery.net.

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Advice for Renters Priced Out of Homebuying

Nerd Wallet

Today’s housing market can feel like a dream killer. Rising mortgage rates, high home prices and a shortage of properties for sale deliver a one-two-three punch. If you’ve been knocked out of one too many deals and need a timeout, here’s how to regroup and keep the homeownership dream alive. Give yourself a break Given. Barbara Marquand writes for NerdWallet.

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Judge Grants TRO Against Defendant in FDCPA Case

Account Recovery

It’s uncommon to see court rulings that relate to debt collection efforts that are ongoing, but that’s what we have in this situation. A District Court judge in Illinois has granted a plaintiffs’ motion for a temporary restraining order and preliminary injunction that orders the defendant in a Fair Debt Collection Practices Act case to … The post Judge Grants TRO Against Defendant in FDCPA Case appeared first on AccountsRecovery.net.

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Federal Regulators Fine Bank of America $225 Million Over Botched Disbursement of State Unemployment Benefits at Height of Pandemic

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) have fined Bank of America $225 million for botching the disbursement of state unemployment benefits at the height of the pandemic.

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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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Appeals Court Vacates Ruling Denying Postjudgment Sanctions Motion in FDCPA Case

Account Recovery

The Court of Appeals for the Eleventh Circuit has overturned a lower court’s ruling that denied a defendant’s motion for sanctions in a Fair Debt Collection Practices Act case, ruling that sanctions motions are allowed to be filed after a final judgment is entered. A copy of the ruling in the case of Huggins, Marbury, … The post Appeals Court Vacates Ruling Denying Postjudgment Sanctions Motion in FDCPA Case appeared first on AccountsRecovery.net.

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CFPB Sues Payday Lender for Hiding Repayment Options

Account Recovery

The Consumer Financial Protection Bureau yesterday filed a lawsuit against Populus Financial Group, which does business as ACE Cash Express, accusing the payday lender of hiding fee repayment plans from borrowers, allegedly inducing those consumers to pay $240 million in reborrowing fees. A copy of the complaint, filed in District Court for the Northern District … The post CFPB Sues Payday Lender for Hiding Repayment Options appeared first on AccountsRecovery.net.

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What Is a Custodial Account? UGMAs, UTMAs and More

Nerd Wallet

Adulthood can be pricey. According to the U.S. Bureau of Labor Statistics, the average American spent $61,334 on housing, food, entertainment and other expenses in 2020. If you’re a parent, you might wonder what you can do to help your child thrive once they’re on their own in this expensive world — and one of. Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com.

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Daily Digest – July 13. CFPB Sues Payday Lender; Appeals Court Vacates Ruling in FDCPA Case

Account Recovery

CFPB SUES PAYDAY LENDER FOR HIDING REPAYMENT OPTIONS The Consumer Financial Protection Bureau yesterday filed a lawsuit against Populus Financial Group, which does business as ACE Cash Express, accusing the payday lender of hiding fee repayment plans from borrowers, allegedly inducing those consumers to pay $240 million in reborrowing fees. APPEALS COURT VACATES RULING DENYING … The post Daily Digest – July 13.

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U.S. Drivers’ Gas Spending Soars Toward $562 Billion in 2022

Nerd Wallet

If there were a poster child for current inflation, it would be the price of gasoline. While prices on all goods and services across the country are up 9.1%, according to the Bureau of Labor Statistics, gas prices are up 60% over the past year. And this increase puts American drivers on a path to. Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com.

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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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Get to Know Tax Help New Mexico: An Interview with Jeffrey Ledbetter, Director of Tax Help New Mexico

Prosperity Now

For the past 42 years, Tax Help New Mexico has provided tax preparation services for low-income and elderly New Mexicans.

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What Is Liability-Only Car Insurance?

Nerd Wallet

Liability-only car insurance is coverage that only pays for injuries or property damage you cause to others while driving your vehicle. Though it’s a cheaper option than full coverage car insurance, it won’t pay for your medical bills, your passengers’ injuries or for damage to your own vehicle after a crash. Liability-only car insurance is. Ciarra Jones writes for NerdWallet.

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Director Chopra’s Prepared Remarks to the Financial Literacy and Education Commission

Consumer Finance

Director Chopra delivered opening remarks to the Financial Literacy and Education Commission on July 14, 2022.

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Travel Price Tracker: June 2022

Nerd Wallet

Like nearly every aspect of the economy right now, travel costs are being hit by soaring inflation. And if it feels like airfares and hotels are ridiculously expensive, you’re not wrong. Both categories are up significantly over the past year. Hotel prices are up nearly 12% versus this time in 2021, and airfares are up. Sally French writes for NerdWallet.

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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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Can I Discharge a Private Student Loan in Bankruptcy?

Sawin & Shea

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position. Unfortunately, it is very challenging to demonstrate an undue burden in the majority of jurisdictions.

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Would Recommend: Attorney Recommendations Can Complement Client Reviews

NCBA Law Practice Management Blog

Client reviews are fantastic marketing tools for any business, including law firms. Testimonials drive conversion, because it is a window into how lawyers have had success with other clients. Law firms place testimonials on their websites, and try to get as many client reviews as they can on directory profiles and social media profiles. It’s really important, but can also be kind of a slog.

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Inflation Surges to New Record in June

NACM

U.S. inflation reached another 40-year high in June as gas, food and rent costs continues to climb. Prices increased 9.1% year over year, up from 8.6% in May, and surpassing the estimates of many economists who thought inflation peaked."There may be some relief in the July numbers—commodity prices have come off the boil, at least—but.

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