Account Recovery

JANUARY 18, 2021

The Consumer Financial Protection Bureau on Friday released a new resource related to its debt collection rule, this one aimed at helping smaller collection agencies comply with the rule once it goes into effect this November. At a brisk 87 pages, the Small Entity Compliance Guide to the Debt Collection Rule is far easier to … The post CFPB Releases Small Entity Compliance Guide For Debt Collection Rule appeared first on AccountsRecovery.net.

Collections 246

Collections Collection Agencies Collections Agency 246

American Profit Recovery

JANUARY 18, 2021

Cash flow is the backbone of any business, including yours. It does not matter the size or nature of your organization. Without healthy cash flow, your business will suffer in many ways. Staying on top of this and ensuring your business is always working in positive cash flow should be one of your top concerns if you are running any size business. As a collection agency working with large businesses and small organizations, we tend to be on the front lines of helping these companies improve cash

Collection Agencies 135

Collection Agencies Collections Agency Collections Collection Companies 135

Account Recovery

JANUARY 18, 2021

The debt collection industry is being targeted for receiving funds under the Paycheck Protection Program because many of those companies have been complained about by consumers to the Consumer Financial Protection Bureau or been subject to regulatory and enforcement actions. Debt collectors and payday lenders received more than $580 million in PPP loans, according to … The post Collectors Cited for Taking PPP Money During Pandemic appeared first on AccountsRecovery.net.

Debt collector 240

Debt collector Lender Loans Collections 240

Nerd Wallet

JANUARY 18, 2021

Your current credit score is the starting point for your journey toward building credit or restoring it after a setback. The next step is understanding how the way you handle your finances affects your credit score. Two things matter much more than any other: paying on time and how much of your credit limits you. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

106

106

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 18, 2021

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.

Creditors 130

Creditors 130

Nerd Wallet

JANUARY 18, 2021

Understanding the ins and outs of the Radisson Rewards program — including the easiest ways to earn and redeem points — will get you one step closer to an elite status level or your next free award stay. Here’s the beginners guide to Radisson Rewards points so you can learn if it’s the right loyalty. Jon Nickel-D'Andrea writes for NerdWallet. Email: travel@nerdwallet.com.

89

89

Consumer Finance

JANUARY 18, 2021

On January 19, 2021, the Consumer Financial Protection Bureau announced that it will partner with seven communities across the country to help build financial resiliency among Americans.

75

75

Nerd Wallet

JANUARY 18, 2021

Los Angeles International Airport, or LAX, is the second busiest U.S. airport by passenger traffic and the busiest on the West Coast, serving about 84.5 million passengers every year. With that many people passing through, you might be looking to escape the terminal’s hustle and bustle and find a bit of peace (not to mention. Anya Kartashova writes for NerdWallet.

87

87

Consumer Finance

JANUARY 18, 2021

On January 19, 2021, the Consumer Financial Protection Bureau issued a final rule to implement a requirement of the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Loans 69

Loans Credit Unions Credit Unions 69

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.

Collections

Nerd Wallet

JANUARY 18, 2021

The Capital One® Spark® Miles for Business makes it easy for business owners to earn and redeem travel rewards while also enjoying a range of other valuable perks. But it comes with an annual fee: $0 intro for the first year, then $95. Is it worth it? That depends on how you use the card. Dustin Waller writes for NerdWallet. Email: travel@nerdwallet.com.

81

81

Consumer Finance

JANUARY 18, 2021

On January 19, 2021, the Consumer Financial Protection Bureau filed a proposed settlement to resolve its December 4, 2020 lawsuit against LendUp Loans, LLC alleging violations of the Military Lending Act.

Loans 65

Loans 65

Nerd Wallet

JANUARY 18, 2021

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of what people need to know about cryptocurrency. Then we pivot to talking about the history of debt and debt forgiveness, along with how to pay it off. Check out this episode on any of. Liz Weston writes for NerdWallet.

81

81

Luftman, Heck & Associates.

JANUARY 18, 2021

You have made it through Chapter 7 bankruptcy. Congratulations! You discharged your debt and have as clean a slate as you can get. Now, you want to move on with your new financial life – perhaps even buy a home. But how do you qualify for a mortgage loan after Chapter 7 bankruptcy? Despite what many people assume, your dream of becoming a homeowner does not have to die when Read More.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Loans 52

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

Troutman Sanders

JANUARY 18, 2021

In Golden v. Benjamin , Judge Schroeder, of the United States District Court for the Middle District of North Carolina, denied Higgins Benjamin, PLCC’s (“Higgins”) motion to dismiss a class action claim brought by Mark and Geneva Golden under the Fair Debt Collection Practices Act. In the Complaint, Plaintiffs alleged an FDCPA claim for failure to “inform Plaintiff[s] that the Debt will be assumed to be valid by Defendant ” in the debt collection letter Higgins sent them.

Debt collector 52

Debt collector Collections Fair Debt Collection Law Firms 52

Public Citizen

JANUARY 18, 2021

From the announcement: Ballard Spahr is excited to host a 2L Diversity Fellowship Program in partnership with our Consumer Financial Services (CFS) group. Through this program, we will select an outstanding 2L student who will be employed by Ballard Spahr as a 2021 summer associate in the CFS group. The student will spend time during the summer working with both litigation and regulatory lawyers across the firm to learn the ins and outs of CFS work, and will be mentored by the group’s leadership

Lawyers 45

Lawyers Financial services 45

Troutman Sanders

JANUARY 18, 2021

In Russell v. Law , Judge Van Bokkelen, of the United States District Court for the Northern District of Indiana, granted summary judgment, in part, to Russell Friend (“Plaintiff”)– alleging Taylor Law, PLLC (“Defendant”) contacted Plaintiff continually in attempts to collect debt after Plaintiff’s request that Defendant cease contact, in violation of the Fair Debt Collection Practices Act.

Judgment 52

Judgment Fair Debt Collection Collections 52

Public Citizen

JANUARY 18, 2021

Here's the press release: STUDY SHOWS HOW LAWSUITS SAVE LIVES AND  CAN MITIGATE OUR NATION’S MOST SERIOUS CRISES. NEW YORK — The Center for Justice & Democracy at New York Law School (CJ&D) released today  Lifesavers 2021: CJ&D’s Guide to Lawsuits that Protect Us All. The study describes over 125 lawsuits that have led to major safety improvements benefiting large numbers of people, spanning well over 50 years.

Manufacturing 45

Manufacturing Bankruptcy 45

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.

Collections

Consumer Finance

JANUARY 18, 2021

On January 19, 2021, the Consumer Financial Protection Bureau issued a final rule regarding the Bureau’s use of supervisory guidance for its supervised institutions.

42

42

Public Citizen

JANUARY 18, 2021

Shmuel I. Becher of Victoria University of Wellington and Yuval Feldman of Bar-Ilan University have written  Seductive Oral Deals. Here's the abstract: Legal scholars have devoted considerable attention to contractual design that exploits consumers’ vulnerabilities (“the paper deal”). For example, scholars have cautioned against the inclusion of one-sided, exploitative, or unenforceable terms in standard form contracts, and proposed solutions to address these problems.

40

40

NACM

JANUARY 18, 2021

Construction input prices remained relatively low during the latter half of 2020, but December's nearly 2% increase in pricing has nonresidential contractors concerned.Nonresidential construction input prices were the cause behind the unexpected increase, with a annual change of 2.7%, according to Associated Builders and Contractors (ABC).

Construction 5

Construction 5

Public Citizen

JANUARY 18, 2021

Following up on Jeff's post about prez-elect Biden's plans to nominate Rohit Chopra to direct the Consumer Financial Protection Bureau, take a look at reporting that is not behind a paywall: here , here , here , and here. For an large aggregation of Chopra's testimony, speeches, and articles at the Federal Trade Commission, go here.

Trade 40

Trade 40

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

JANUARY 18, 2021

CHOPRA TO BE NOMINATED TO REPLACE KRANINGER AT CFPB: REPORTS Rohit Chopra is going to be nominated by President-elect Joe Biden to replace Kathleen Kraninger as the director of the Consumer Financial Protection Bureau, according to a number of reports citing anonymous sources. CFPB RELEASES SMALL ENTITY COMPLIANCE GUIDE FOR DEBT COLLECTION RULE The Consumer … The post Daily Digest – January 18.

Collections 246

Collections 246