Account Recovery

JANUARY 24, 2022

It is short on details, but another Regulation F lawsuit has been filed, this time in California, and, for the first time, it’s accusing a collector of violating the rule’s prohibitions on call frequency. A copy of the complaint in the case of Santander v. General Revenue Corp. can be accessed by clicking here. The … The post Suit Alleges Collector Violated Reg F’s 7-in-7 Provision appeared first on AccountsRecovery.net.

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Nexa Collect

JANUARY 24, 2022

The best time to assign an account to a collection agency is when the debt is right around 90 days past due. Why? You have given your debtor at least three billing cycles to pay the bill and resolve any billing disputes that may have occurred. At 90 days your own efforts have been pretty much exhausted , and the account is clearly in the default territory.

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Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

JANUARY 24, 2022

January 24, 2022 (Sacramento, CA) – RMAI is honored to announce that the Keynote Session at the RMAI 2022 Annual Conference will feature a “fireside chat” with two of our nation’s leading Attorneys General — Lawrence Wasden from Idaho and Aaron D. Ford from Nevada. The conference will be held February 7-10, 2022, in Las Vegas. … The post RMAI Announces Attorneys General Ford and Wasden to Speak in the Keynote Session at the 25th RMAI Annual Conference appeared first on AccountsRecovery.net

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Nerd Wallet

JANUARY 24, 2022

High school graduates are forgoing free money for college by not submitting financial aid applications, according to a new analysis by the nonprofit National College Attainment Network. The Class of 2021 left behind $3.75 billion in Pell Grant aid by not completing the Free Application for Federal Student Aid, or FAFSA. An estimated 813,000 students.

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Student loans Student Loans Loans 102

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

JANUARY 24, 2022

A District Court judge in Kansas has granted a defendant’s motion to dismiss a Hunstein case, ruling that the plaintiff lacked standing to sue because she did not suffer a concrete injury when the defendant used a third-party vendor to print and mail a collection letter. A copy of the ruling in the case of … The post Judge Grants MTD in FDCPA Case Alleging Hunstein Disclosure appeared first on AccountsRecovery.net.

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Account Recovery

JANUARY 24, 2022

JUDGE GRANTS MTD IN FDCPA CASE ALLEGING HUNSTEIN DISCLOSURE A District Court judge in Kansas has granted a defendant’s motion to dismiss a Hunstein case, ruling that the plaintiff lacked standing to sue because she did not suffer a concrete injury when the defendant used a third-party vendor to print and mail a collection letter. … The post Daily Digest – January 24.

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Collections 245

Nerd Wallet

JANUARY 24, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about how to get COVID-19 tests right now. Then we pivot to this week’s money question from a listener’s voicemail. Here it is: “I have a question. I took a personal loan for $3,000 and. Sean Pyles writes for NerdWallet.

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Personal loans Loans 84

Account Recovery

JANUARY 24, 2022

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Nerd Wallet

JANUARY 24, 2022

The holidays have left without a trace. Well, almost. Long after the decorations have come down, you still have debt hanging around. Don’t let it put a damper on your year. Here’s what you can do to take control of your holiday debt. Review what you owe First, gather a few important details about your. Lauren Schwahn writes for NerdWallet. Email: lschwahn@nerdwallet.com.

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Collections

Account Recovery

JANUARY 24, 2022

The number of consumers using Buy Now, Pay Later services is on the rise, which means that more consumers are starting to miss their payments, according to the results of a survey that were released this month. The survey reveals just how popular BNPL products have become with consumers who are shopping online and just … The post BNPL Continues to Grow, as More Consumers Start Missing Payments appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 24, 2022

You don’t need vaccination against COVID-19 — better yet a vaccine booster — to simply cross the Golden Gate Bridge into San Francisco. But tourists and locals alike will soon need full vaccination, including a booster, in order to participate in some of the city’s most fun activities. That’s because, as of Feb. 1, the. Sally French writes for NerdWallet.

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CSA

JANUARY 24, 2022

Fiona Macaskill, Director of Learning & Development, Credit Services Association. If one key message came out of the sessions run as part of the ?people & performance? stream at CSA?s UK Credit & Collections Conference (UKCCC) in September 2021, it was that there is a very real concern about where the collections workforce of the future will come from.

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Collections Trade Banks 52

Nerd Wallet

JANUARY 24, 2022

Seattle-Tacoma fliers have a handful of lounges to explore when flying from or transiting through the Pacific-Northwest hub. These include: American Express Centurion Lounge. Delta Sky Club. United Club. Multiple Alaska Airlines lounges. However, these lounges are restricted to passengers with eligible access. That’s why cards like The Platinum Card® from American Express, which comes.

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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

Direct Recovery

JANUARY 24, 2022

Have you ever had a debt collector text you about an outstanding balance? How about contacting you through social media? Do you know your rights in these situations? Recent updates to the Fair Debt Collection Practices Act (FDCPA) have officially made it legal for debt collectors to contact consumers by text or through social media. However, there are also plenty of rules and regulations that those debt collectors must follow to stay on the right side of the law.

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Debt collector Fair Debt Collection Collections 52

Burr Forman

JANUARY 24, 2022

In an ironic twist, college football recruiting was the impetus for Alabama passing a 2021 law that legalized collegiate student-athletes receiving compensation for their names, images, and likenesses (“ NIL Act ”), and college football recruiting appears poised to be the impetus for Alabama repealing its NIL Act. On April 20, 2021, Alabama Governor Kay Ivey signed Alabama’s NIL Act into law.

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Education 52

JMA

JANUARY 24, 2022

If you run a business, you are probably well aware that the most ideal time to collect your debts is long before they become overdue. To help you do this, you make sure that your business has foolproof invoicing, client management and accounts processes. They will surely stop any overdue payment issues, right? Well, as. Read more » The post Negotiation Tips to Make Settling with Your Debtor Easier appeared first on JMA Credit Control.

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Collection Industry News

JANUARY 24, 2022

Source- site. To settle Federal Trade Commission charges that it engaged in deceptive and unfair practices, Dun & Bradstreet (D&B) has agreed to an order requiring substantial changes in the firm’s operations that will benefit small- and mid-sized businesses. Under the proposed order , D&B will also provide refunds to certain businesses that purchased the company’s products in the belief that using the products would improve their business credit scores and ratings.

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Collections

Troutman Sanders

JANUARY 24, 2022

On January 20, the Federal Trade Commission (FTC) issued an advisory opinion on the impact of the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses (Holder Rule) on the recovery of attorneys’ fees and costs above the amount paid on a consumer receivable arising out of a financed sale of goods or services. Siding with consumers and rejecting the reading put forward by loan holders, the FTC declared that the Holder Rule does not prevent a plaintiff from recovering att

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Fico Collections

JANUARY 24, 2022

Debt collection is about contacting customers, and that only works with correct contact data. Contact data quality in debt collection is a common challenge, and we often get asked how to best address this. 1. Get Contact Data Before You Need It. It is much easier to get valid contact data from your customers than from a third party. And updating contact data when you need to contact a customer as part of a collections process is typically much harder than in originations or account management.

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Retrieval Collections Acquisition 52

Debt Guru

JANUARY 24, 2022

Month after month, you receive your credit card bill. It’s stressful because you can’t pay it off… and you start to wonder, “What would happen if I just stop sending in payments?”. If you’ve ever been in this situation, read on! The short answer is that a lot of negative things will happen. And the consequences will impact your financial situation for many years.

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Lender Credit Card Debt Collection Agencies Collections Agency 52

Taurus Collect

JANUARY 24, 2022

Searching for collection agency names is a stressful proposition because you want to ensure you are working with an honest, efficient, and experienced debt collection agency. However, if you are here reading this, your search is all but over. Read on to learn why we are your best option for improving your company’s cash flow. Why You Might Need a Debt Collection Agency.

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Collection Agencies Collections Agency Collections Debtor 52

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

JANUARY 24, 2022

If you’ve heard of ePremium Insurance, it’s probably because the company has partnered with your rental community to offer an easy way to meet your renters insurance requirement. But is the most convenient option necessarily the best? The answer: It depends. EPremium promises that all tenants will be approved for coverage without a credit check, Sarah Schlichter writes for NerdWallet.

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Public Citizen

JANUARY 24, 2022

by Jeff Sovern. Over at the ContractsProf Blog. The bill would provide a short form and a diagram for Terms of Service. But without consumer testing, who knows if consumers would pay attention even to the short form or diagram.

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Nerd Wallet

JANUARY 24, 2022

ERenterPlan isn’t an insurance company. It’s a renters insurance policy offered at thousands of properties across the U.S., sold by an insurance agency called LeasingDesk. Your policy will be serviced by one of several insurance companies, including Markel, American Modern and American National. It sounds confusing, but getting coverage is simple. You enter your ZIP.

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Collection Industry News

JANUARY 24, 2022

Source- site. On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor BrightSpeed Solutions and its founder Kevin Howard (collectively, “defendants”), which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.

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