Account Recovery
JULY 27, 2020
A Lockport, N.Y., woman who was convicted of conspiracy to commit wire fraud as part of a debt collection scam has been sentenced to 12 months in prison by a District Court judge on Friday. Shauniqua Rodriguez is the fifth defendant to be convicted in the case and the third member of the ring to … The post Collection Scammer Sentenced to 12 Months in Prison appeared first on AccountsRecovery.net.
American Profit Recovery
JULY 27, 2020
There are many activities that help boost our economy. A healthy jobs market, business spending, banks lending money as well as consumer spending. But did you know that debt collections were also a big part of a healthy economy? For the consumer that may be in debt or having issues trying to catch up on financial obligations, they might not think so.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Account Recovery
JULY 27, 2020
The Consumer Financial Protection Bureau on Friday announced its intention to release an Advanced Notice of Proposed Rulemaking that seeks to provide individuals with more access to their financial records. An ANPR is the first step in the rulemaking process and allows the CFPB to solicit comments and perspective from interested stakeholders that will help … The post CFPB Announces ANPR Coming on Consumer Access to Financial Data appeared first on AccountsRecovery.net.
Nexa Collect
JULY 27, 2020
The quicker your business is able to collect on outstanding invoices, the healthier it will be financially. It’s better for cash flow purposes and saves money and headaches associated with trying to collect delinquent debts. The AR turnover ratio is a standard metric used to determine the pace with which businesses are able to collect their debts. It isn’t difficult to compute and knowing your company’s ratio will give you a benchmark against which you can judge attempts to collect invoices more
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
JULY 27, 2020
A District Court judge in New Jersey has granted a defendant’s motion for summary judgment after it was sued for a number of alleged violations of the Fair Debt Collection Practices Act, including duplicating part of the validation notice on both sides of a collection letter. A copy of the ruling in the case of … The post Judge Grants MSJ For Defendant in FDCPA Overshadowing Case appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JULY 27, 2020
JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA OVERSHADOWING CASE A District Court judge in New Jersey has granted a defendant’s motion for summary judgment after it was sued for a number of alleged violations of the Fair Debt Collection Practices Act, including duplicating part of the validation notice on both sides of a collection letter. … The post Daily Digest – July 27.
True Accord
JULY 27, 2020
As the US is starting to understand the impact of COVID-19 and its aftermath on our economy, more consumers are expected to default and find themselves dealing with debt. Banks, lenders, and other financial players are accelerating their digital transformation roadmaps, shortening years’ worth of development into mere months, in an attempt to service consumers at scale while managing the complexities of our new normal and the limitations of outdated infrastructure.
Nerd Wallet
JULY 27, 2020
Lots of people have more time than money nowadays. If you’re one — maybe you’re taking a staycation or you freed up commuting hours by working from home — optimize that extra time by making smart financial moves that won’t cost a dime. “If you have time but no money, it’s time to become the. Gregory Karp is a writer at NerdWallet. Email: gkarp@nerdwallet.com.
Consumer Finance
JULY 27, 2020
The Consumer Financial Protection Bureau issued a request for information to seek public input on how best to create a regulatory environment that expands access to credit and ensures that all consumers and communities are protected from discrimination in all aspects of a credit transaction.
Advertisement
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.
Nerd Wallet
JULY 27, 2020
High school seniors who plan on taking a gap year this fall to wait out the pandemic could be paying for it for the rest of their lives. While a one-year wait might seem like the right decision for students who don’t want to study online or risk COVID-19 exposure, graduating a year later could. Cecilia Clark is a writer at NerdWallet. Email: cclark@nerdwallet.com.
Prosperity Now
JULY 27, 2020
For millions of low- and moderate-income (LMI) households, the economic shock caused by the COVID-19 pandemic has been nothing short
Nerd Wallet
JULY 27, 2020
It is possible to find a high-interest savings account during the pandemic. It can even be easy, since you don’t have to leave home to open one. The key is to avoid “average.” That’s because the rate on an “average” savings account is just a fraction of one percent, and it’s harder to grow your. Margarette Burnette is a writer at NerdWallet. Email: mburnette@nerdwallet.com.
Debt
JULY 27, 2020
If you’ve lost your job due to the coronavirus crisis, your unemployment benefits are likely to decrease very soon. It’s just a question of how much. That will be decided the next two weeks as the Senate and House try to hammer out the differences in their relief bills. Senate Majority Leader Mitch McConnell unveiled […]. The post HEALS Act Proposal for Federal Unemployment Benefits appeared first on Debt.org.
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?
Nerd Wallet
JULY 27, 2020
Welcome to NerdWallet’s SmartMoney podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of what to do if you recently lost your health insurance. Visit HealthCare.gov to see what your options are under the Affordable Care Act, since that’s likely to be the most cost-effective solution. Resist the temptation.
Fico Collections
JULY 27, 2020
Since the start of COVID-19, we have been tracking its impact using data reported by the UK’s leading credit card issuers, through the FICO® Benchmark Reporting Service. We are planning to report the impact monthly - but even at this early stage, we expect further significant impact into 2021, especially on delinquency rates, as payment holidays for over 960,000 cardholders expire, furlough contributions are reduced and then withdrawn (over nine million) and the expected increase in staff redun
Nerd Wallet
JULY 27, 2020
The Citi® / AAdvantage® Executive World Elite™ Mastercard® is the only co-branded American Airlines credit card that comes with Admirals Club membership and a number of other perks. Although its $450 annual fee might deter you from applying, don’t make up your mind about this card until you’ve looked at the benefits that, for some. Anya Kartashova is a writer at NerdWallet.
Price Meese
JULY 27, 2020
Partner, Thomas C. Martin attended the Virtual Trucking Legal Forum held from July 20, 2020 through July 24, 2020 by the American Trucking Associations. www.trucking.org. This is one of the largest transportation conferences in North America and it was an interesting video format containing practical information and approaches to handling the most pressing legal and compliance issues facing carrier operations.
Advertisement
Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.
Nerd Wallet
JULY 27, 2020
In general, using as little of your credit card limits as possible is better for your score. So logic would suggest that paying off your credit cards early so that a zero balance is reported to the credit bureaus would produce the highest scores, right? Turns out, having 1% of your credit limits in use. Bev O'Shea is a writer at NerdWallet. Email: boshea@nerdwallet.com.
Price Meese
JULY 27, 2020
Partner, Thomas C. Martin was tapped to prepare an article for the New Jersey Community Associations Institute for its next upcoming magazine publication called Community Trends. www.cai-nj.org. Mr. Martin’s article will discuss and address pending legislation in New Jersey impacting community associations and the impact of Covid 19 on efforts to enforce the master deed and by-laws.
Nerd Wallet
JULY 27, 2020
As the COVID-19 pandemic continues to impact travel, your summer vacation plans may look a little different this year. Instead of booking flights to an international destination, you might be eyeing the open road instead. Want to exchange the view at home for some breathtaking scenery? Grab your favorite travel card and consider a trip. Rebecca Lake is a writer at NerdWallet.
Click Notices
JULY 27, 2020
What is the CARES Act? The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides immediate eviction relief for certain residential tenants but does not address commercial tenants’ relief. Section 4024 of the CARES Act establishes a temporary moratorium on the filing of residential evictions for tenants residing in certain properties that are part of government programs or financed by Federally backed mortgage loans (Temporary Eviction Moratorium).
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.
Nerd Wallet
JULY 27, 2020
The Citibank savings account interest rate for its Accelerate account is 1.10% APY. With that balance-boosting yield, which is higher than savings account interest rates at many other banks, the name makes sense. However, the rate for Citi’s basic savings account is lower, at 0.04%. Here’s a look at how the savings accounts measure up compared. Margarette Burnette is a writer at NerdWallet.
Troutman Sanders
JULY 27, 2020
Enforcement of the California Consumer Privacy Act (CCPA) began July 1, 2020. Our privacy team at Troutman Pepper includes several attorneys who worked in an attorney general’s office. This privacy regulatory team has identified six areas of enforcement likely to catch the California Office of the Attorney General’s (OAG) attention, which arguably holds sole regulatory enforcement authority under the Act.
Nerd Wallet
JULY 27, 2020
Hilton is one of the largest hotel chains in the world. The company behind Hilton owns 18 hotel brands with more than 6,100 properties in 118 countries. It’s also the owner of the popular Hilton Honors rewards program, which allows you to earn points for free hotel stays and other perks. If you’re a Hilton. Eric Rosenberg is a writer at NerdWallet. Email: travel@nerdwallet.com.
Troutman Sanders
JULY 27, 2020
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.
Advertisement
The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.
Expert insights. Personalized for you.
162 
Let's personalize your content