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The Federal Trade Commission provided $4.86 million in refunds to individuals who were victimized in debt collection scams last year, the regulator noted in a summary it sent to the Consumer Financial Protection Bureau regarding its enforcement of the Fair Debt Collection Practices Act. The FTC took action against 17 defendants last year for allegedly … The post FTC Provides $5M in Refunds to Consumers Scammed by Collectors appeared first on AccountsRecovery.net.
A report issued today by the Consumer Financial Protection Bureau (CFPB) examines the financial consequences of medical billing and collections endured by individuals and families across the country. The report draws from the rising volume of medical billing and collection complaints submitted to the CFPB.
Student loan servicers are being called out by a number of Senate Democrats for their “mismanagement” of income-driven repayment programs while a bill has been introduced in the House of Representatives that would change the terms under which a borrower’s payments are calculated based on his or her income, not the terms of the loan. … The post Student Loan IDRs Go Under the Microscope appeared first on AccountsRecovery.net.
A real estate agent is a professional who helps people buy and sell properties. But there’s more to it than that. Here’s a primer on what real estate agents are (and aren’t) and the different roles agents can take on in a real estate transaction. What is a real estate agent? Real estate agents are. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
A District Court judge in Florida has denied a defendant’s request for a new trial in a Fair Credit Reporting Act case, but partially granted a motion for judgment as a matter of law and reduced punitive damages to $475,000 from $700,000 after it was found guilty by a jury of failing to correct information … The post Judge Denies Request for New Trial in FCRA Case, Lowers Punitive Damages Award to $475k appeared first on AccountsRecovery.net.
Over the past few years, credit card balances were paid down and delinquent accounts became less common. But two years after the COVID-19 pandemic began, those trends — spurred by increased savings and relief programs — could evaporate, especially as inflation soars. The pandemic economy unexpectedly changed many households’ finances for the better — personal.
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Over the past few years, credit card balances were paid down and delinquent accounts became less common. But two years after the COVID-19 pandemic began, those trends — spurred by increased savings and relief programs — could evaporate, especially as inflation soars. The pandemic economy unexpectedly changed many households’ finances for the better — personal.
A class-action lawsuit has been filed against a company for violating the Fair Debt Collection Practices Act and Regulation F because the itemization date that was used in a Model Validation Notice that was sent to a plaintiff was allegedly not one of the five allowed dates approved by the Consumer Financial Protection Bureau. A … The post Class-Action Accuses Collector of Using Wrong Itemization Date appeared first on AccountsRecovery.net.
When you’re faced with a considerable expense, such as a renovation project or education costs, you may decide to tap your home’s equity. If you don’t know exactly how much you need — or if you’re planning a series of projects — a home equity line of credit, or HELOC, could be right for you. Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com.
JUDGE DENIES REQUEST FOR NEW TRIAL IN FCRA CASE, LOWERS DAMAGES TO $475K A District Court judge in Florida has denied a defendant’s request for a new trial in a Fair Credit Reporting Act case, but partially granted a motion for judgment as a matter of law and reduced punitive damages to $475,000 from $700,000 … The post Daily Digest – April 19.
In an effort to expand global coverage, many airlines have formed unique alliances with each other. Oneworld, SkyTeam and Star Alliance are the three major players. As a result, you — the passenger — get to enjoy a more coherent flying experience. You have the ability to book international flights operated by multiple airlines on. Anya Kartashova writes for NerdWallet.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Do you toss and turn at night worrying about your debt? If so, you’re not alone! From student loans to high credit card balances, carrying too much debt is common in America, which runs on credit. According to a recent Experian consumer debt study, outstanding consumer debt in this country reached nearly $15 trillion. While credit is a great convenience, it can also cause many challenges.
American Express Membership Rewards and Chase Ultimate Rewards® are two of the most popular and well-established transferable points programs in the points and miles world. However, when comparing AmEx points versus Chase Ultimate Rewards® points, which comes out on top? Whether you’re just starting to collect points and miles or are debating a change in.
A Kentucky district court judge recently granted in part and denied in part a defendant’s motion for summary judgment in a Telephone Consumer Protection Act (TCPA) case, Barnett v. First National Bank of Omaha. The court held that the plaintiff’s request to have information sent to him via the mail instead of over the phone, along with the plaintiff’s refusal to talk to a collector when the defendant called after choosing mailed delivery, gave rise to a genuine issue of fact as to whether the pl
Competitive Loan Pricing: How To Outprice (not Underprice) Rivals. Matt Stanley. Wed, 04/20/2022 - 01:21. Competitive loan pricing is a term that’s often overused to imply lower pricing than close competitors. But it's not always strictly true. Financial institutions that can make offers at higher prices, while continuing to win business, are even more competitive.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
This is kind of a trick question. It’s one that initiates the lawyer’s go-to response: It depends. But, in reality, the choice of who answers your phone when clients and potential clients call has a lot of la yers to it, not unlike an onion. And, this is reflective of the many cho ices now available to attorneys. In a perfect world, where you have ample time (riiiight), it’s probably best to have lawyers answering every call – and, the more senior the lawyer, the better.
As a business owner or manager, collecting unpaid debt is likely not your favorite part of your job. At times it may seem frustrating and fruitless. The process becomes even more problematic when your debtor is located in another state. Even if you do achieve a judgment in your own state, you have the added step of needing to domesticate the judgment in the debtor’s state.
Is Sin City the next destination on your travel list? From wild parties to extravagant wave pools, we understand why you’re all about spending some time in the desert. However, you may also be looking to manage your time — and money — wisely. Happily, for travelers, there are plenty of ways to do both. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.
To increase billing transparency and streamline payment plans, many healthcare facilities turn to third-party companies to complete post-discharge calls. Collaborating with a third-party accounts receivable management company can make the process of setting up a payment plan and collecting on bills less challenging. At CMC, we have the expertise and tools necessary to implement a comprehensive post-discharge calling service that will alleviate the burden placed on your healthcare staff and incre
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
On April 6, Senator Pat Toomey (R-PA) released a draft of his proposed stablecoin legislation titled, Stablecoin Transparency of Reserves and Uniform Safe Transactions Act, or the Stablecoin TRUST Act. Toomey, the ranking member of the Senate Banking Committee, has been a vocal proponent of blockchain innovation, and his recent bill calls for a deft regulatory touch on stablecoins: General Prohibition on Issuance of Payment Stablecoins Except for Entities Authorized by a State or the Federal Gov
Cloud software adds value. In recent years, more and more businesses have adopted cloud software. In fact, back in 2008, only 12% of businesses were using cloud-based apps. Now, 92% of financial organisations are either using a cloud-based infrastructure or plan to do so at some point in the future, according to the latest findings in Visma | Onguard’s Fintech Barometer.
Featured in the April 2022 Issue. Jimerson Birr Managing Partner Charles B. Jimerson interviewed by the Columbus Dispatch. Two Jimerson Birr team members pass the Florida Bar Exam. Jimerson Birr recognized as top litigation firm for accessibility, results, and reputation. Blog Highlights. Curiosities, Ruminations and Various Eccentricities of Firm Biz.
Well known UK banking organisation, TSB has called on its high street bank rivals Co-Operative Bank and Metro Bank to speed up supplier payments after it found the banks are among the worst culprits for paying small firms late. Co-Op bank pays just half its suppliers within 30 days, while Metro Bank topped the list of overdue invoices at more than one in four, according to TSB’s data.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
On March 31, a New York federal court dismissed a proposed securities class-action lawsuit filed against Binance, the world’s largest cryptocurrency exchange. The lawsuit, one of a host of similar actions brought against cryptocurrency exchanges in 2020, was filed by token buyers who purchased cryptocurrency on Binance’s platform. The plaintiffs asserted that Binance had violated two securities statutes, the Securities Act of 1934 (Securities Act) and the Securities Exchange Act of 1934 (Exchang
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