Account Recovery

APRIL 19, 2022

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.

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Consumer Finance

APRIL 19, 2022

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.

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Collections 115

Account Recovery

APRIL 19, 2022

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.

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Judgment 245

Nerd Wallet

APRIL 19, 2022

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.

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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

APRIL 19, 2022

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.

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Account Recovery

APRIL 19, 2022

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.

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Judgment 242

Nerd Wallet

APRIL 19, 2022

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.

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Education 78

Debt Guru

APRIL 19, 2022

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.

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Nerd Wallet

APRIL 19, 2022

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.

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Collections

Troutman Sanders

APRIL 19, 2022

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

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Nerd Wallet

APRIL 19, 2022

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.

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Collections 74

NCBA Law Practice Management Blog

APRIL 19, 2022

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.

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Collections Law

APRIL 19, 2022

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.

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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

Nerd Wallet

APRIL 19, 2022

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.

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Credit Management Company

APRIL 19, 2022

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

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Troutman Sanders

APRIL 19, 2022

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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On Guard

APRIL 19, 2022

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.

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Credit Management 52

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Collections

Troutman Sanders

APRIL 19, 2022

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

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Jimerson Firm

APRIL 19, 2022

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.

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UK debt collections

APRIL 19, 2022

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.

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Fico Collections

APRIL 19, 2022

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.

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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.

Account Recovery

APRIL 19, 2022

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.

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