Account Recovery
APRIL 8, 2022
A group of 18 state attorneys general sent letters to four of the largest financial institutions in the country this week, urging them to stop charging overdraft fees on consumers by this summer, and while the states did not make any threats in the letter about what would happen if the banks chose not to … The post AGs Call on Big Banks to End Overdraft Fees appeared first on AccountsRecovery.net.
American Profit Recovery
APRIL 8, 2022
By Sabrine: Looking back at when I was a college student, the last place I expected to be working at is a collection agency. Life took me to crazy places after graduation and before I knew it, I accepted a Collection Specialist position. At the time, I figured I would work at APR (American Profit Recovery) temporarily until I became certified in the field I graduated in.
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Account Recovery
APRIL 8, 2022
Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish how much issuers can … The post CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report appeared first
Enterprise Recovery
APRIL 8, 2022
It can seem daunting to imagine reconnecting with clients after 2 years of a pandemic. Or perhaps you're thrilled and ready to get back to those in-person meetings. If you've been working remotely, it's time to try on those old business clothes and get on your client's calendar again. Here's what you can expect when reconnecting with clients in person.
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 8, 2022
A plaintiff has filed a lawsuit in Texas against a collection agency, alleging it violated the Fair Debt Collection Practices Act and Regulation F because it sent a collection letter that failed to include an itemization date while also allegedly including contradictory information as to whether interest on the underlying debt was actually accruing.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
APRIL 8, 2022
If you’re the second collection agency attempting to collect on a debt, are you responsible for the sins of the first? If the sin is not responding to a dispute notice and validation request, a District Court judge in Connecticut has ruled you’re not, granting a defendant’s motion for judgment on the pleadings because the … The post Judge Grants Motion for Defendant in FDCPA Case Over Unanswered Dispute appeared first on AccountsRecovery.net.
Nerd Wallet
APRIL 8, 2022
Taking a vacation comes with all sorts of excitement: seeing the sights of an enticing city, visiting old friends or having new experiences. But unfortunately, it also comes with a price tag. Nevertheless, ways to save on airfare exist, and a trip doesn’t have to be too costly. Take Delta Airlines, for example. Delta passengers. Anya Kartashova writes for NerdWallet.
Account Recovery
APRIL 8, 2022
JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA CASE OVER UNANSWERED DISPUTE If you’re the second collection agency attempting to collect on a debt, are you responsible for the sins of the first? If the sin is not responding to a dispute notice and validation request, a District Court judge in Connecticut has ruled you’re not, … The post Daily Digest – April 8.
Nerd Wallet
APRIL 8, 2022
In December 2021, Air Canada partnered with Chase to launch a new credit card for U.S. travelers — the Aeroplan® Credit Card. One of the major perks of signing up for the Aeroplan® Credit Card is Aeroplan 25K elite status the rest of the calendar year you sign up, plus the entire next calendar year. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.
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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.
Debt RR
APRIL 8, 2022
The quest to obtain financial compensation for unpaid commercial debt might require legal action. To be more specific, you need the assistance of a commercial debt collections specialist to pursue civil litigation on your behalf. Your legal action as a plaintiff is filed in the appropriate court, setting the stage for a lawsuit that obtains financial compensation from the debtor, referred to as the defendant.
Nerd Wallet
APRIL 8, 2022
If you’re an American Airlines AAdvantage loyalty member, you may be looking for ways to earn miles. Flying with American Airlines is one way, but that’s not all. If you shop online, you can earn miles through the American Airlines shopping portal. This tool offers an easy and convenient way to accumulate more miles for. Natasha Gabrielle writes for NerdWallet.
Troutman Sanders
APRIL 8, 2022
On April 7, the Federal Deposit Insurance Corporation (FDIC) released a letter , requiring all FDIC-supervised institutions that intend to engage in, or that are currently engaged in, crypto-related activities to notify its FDIC Regional Director. The FDIC also encouraged institutions to notify their state regulator. The FDIC provided an initial noncomprehensive list of activities requiring notification, which includes: Acting as crypto-asset custodians; Maintaining stablecoin reserves; Issuing
Qualco
APRIL 8, 2022
The coronavirus crisis has been an unprecedented shock that caused a steep contraction in the European economy. As inflation hit record numbers across Europe in the past months, there has been a massive increase in the cost of several products. According to research by Eurostat, inflation has soared to 4.9% on average across European countries. The following graph exhibits the highest inflation rates in several European countries: While the wages have remained stable, a significant impact is exp
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?
Fico Collections
APRIL 8, 2022
Data Orchestration for Fraud Prevention. There has been an awful lot of unsettling news about scams and fraud lately. A crescendo, even. As it happens, orchestration (of both data and process) is one of the most potent weapons in fighting scams and fraud. The good news is this technique is readily available today — and not a moment too soon. Scams Are Front Page News.
Public Citizen
APRIL 8, 2022
Here , from the Edelson firm. Or click below.
Fraser
APRIL 8, 2022
On April 7, 2022, the United States Circuit Court of Appeals for the Fifth Circuit reinstated President Biden’s executive order ( EO-14043 ) requiring the COVID-19 vaccination of federal employees. Executive Order 14043 was issued September 9, 2021 mandating all agencies as defined by 5 U.S.C. 105 (excluding the Government Accountability Office) to implement programs requiring COVID-19 vaccination for all of its Federal employees (those defined by 5 U.S.C. 2105), with the exceptions of religious
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