Account Recovery

OCTOBER 12, 2021

The Financial Institution Division (FID) of Nevada’s Department of Business and Industry will be holding a virtual workshop on Tuesday, October 26 at 1pm ET to solicit comments from interested persons about regulations related to SB248, a new medical debt collection law that went into effect earlier this year. The FID has released a set … The post Nevada FID to Hold Workshop on Medical Collection Regs appeared first on AccountsRecovery.net.

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Nerd Wallet

OCTOBER 12, 2021

The idea of gaining wealth in flashy ways isn’t new. After all, Charles Ponzi, for whom Ponzi schemes were named, defrauded investors more than 100 years ago with a get-rich-quick scheme built on a foundation of lies. Today, speculative investments, multilevel marketing companies and other risky efforts to turn a profit still lay seductive traps. Sara Rathner writes for NerdWallet.

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Account Recovery

OCTOBER 12, 2021

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER MIS-IDENTIFIED CONSUMER An interesting Fair Debt Collection Practices Act case out of Minnesota involving a creditor who mis-spelled a customer’s first and last name incorrectly when placing the account with a law firm for collection, a customer who changed her name before filing for bankruptcy protection, … The post Daily Digest – October 12.

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Nerd Wallet

OCTOBER 12, 2021

Pet insurance pays for unexpected veterinary bills so you can focus on getting your dog or cat the medical care they need. But pet insurance plans vary in what they cover and how they pay out, so it’s important to understand how your policy works before you buy. What is pet insurance? Like human health. Sarah Schlichter writes for NerdWallet. Email: sschlichter@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

OCTOBER 12, 2021

An interesting Fair Debt Collection Practices Act case out of Minnesota involving a creditor who mis-spelled a customer’s first and last name incorrectly when placing the account with a law firm for collection, a customer who changed her name before filing for bankruptcy protection, and a law firm that may or may not do enough … The post Judge Grants MSJ in FDCPA Case Over Mis-Identified Consumer appeared first on AccountsRecovery.net.

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Law Firms Fair Debt Collection Bankruptcy Creditors 242

Account Recovery

OCTOBER 12, 2021

Individuals in Georgia are three times more likely to file a complaint with the Consumer Financial Protection Bureau about a debt collector than residents living in other states, according to an analysis that was conducted and released yesterday by LendingTree. On average, the CFPB received 32 complaints per 100,000 adult consumers regarding debt collection activity. … The post Analysis Breaks Down CFPB Debt Collection Complaints appeared first on AccountsRecovery.net.

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Collections Debt collector 240

Nerd Wallet

OCTOBER 12, 2021

When Chase added Air Canada Aeroplan as an Ultimate Rewards® point transfer option, this new partnership opened up some valuable redemption opportunities for cardholders. Chase Ultimate Rewards® can be redeemed for travel though the Chase portal at a rate of 1.25 cents per point for the Chase Sapphire Preferred® Card or 1.5 cents per point. Josh Garber writes for NerdWallet.

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Consumer Finance

OCTOBER 12, 2021

The Consumer Financial Protection Bureau (CFPB) today announced leadership changes within the Bureau. The positions being announced today are: Deputy Director; Associate Director for Consumer Education & External Affairs; Chief of Staff; and Chief Technologist.

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Education 78

Nerd Wallet

OCTOBER 12, 2021

A payment gateway is the place on a website where online shoppers can securely enter their credit card information. It then helps verify that the card being used is legitimate before the transaction moves forward. Top payment gateways stand out for a number of reasons, including good design, how easy they are to customize and. Kurt Woock writes for NerdWallet.

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Collections

Credit Corp

OCTOBER 12, 2021

Effective control of all costs is one of the foundations of doing business. Any seasoned entrepreneur can attest to this, as well as the fact that spending habits are important regardless of the industry. People who don’t keep track of their budgets and cash flows easily make mistakes that cause serious consequences. That’s why the continuity of monitoring is very important, as well as the correctness of analytics.

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Startups Bankruptcy Retail Loans 105

Nerd Wallet

OCTOBER 12, 2021

If you’re new to the world of loyalty programs, you’re in for some good news. There has never been a better time to start earning points for free travel, and Marriott Bonvoy is a great place to start. With many hotels around the world, Marriott can unlock some incredible experiences for travel. Its elite status. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Micro Bilt

OCTOBER 12, 2021

We’ve all heard of background screening. This is a way for certain individuals to gain insight into somebody else’s documented history. Interestingly, though, not everybody fully understands exactly what this process involves or who is able to utilize it. Let’s explore what you should know.

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Nerd Wallet

OCTOBER 12, 2021

The Upgrade family of cards is indeed legit. Created by the financial technology company Upgrade and issued by Sutton Bank, the cards blend features of both credit cards and personal loans. You can use them to make purchases wherever Visa cards are accepted, and pay down your balance by making equal monthly payments with a. Sara Rathner writes for NerdWallet.

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Personal loans Banks Loans 69

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

Collections Law

OCTOBER 12, 2021

When you win your judgment case against a debtor who has not paid, you may not want to celebrate just yet. You must still collect your money, which is often easier said than done. At Law Offices of Alan M. Cohen LLC, we employ many different methods of collecting for our clients, but when the debtor fails to cooperate, we may turn to the courts for help through supplementary process.

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Creditors Debtor Judgment Commercial Collection 52

Troutman Sanders

OCTOBER 12, 2021

In late September, the Department of Justice (DOJ) entered into two consent orders to resolve allegations related to violations of the Servicemembers Civil Relief Act (SCRA). The past year has seen an uptick in regulatory scrutiny centered on military consumer protection laws. The DOJ’s recent consent orders highlight this trend. The SCRA provides various legal and financial protections for active duty servicemembers, including, among other things, a retroactive 6% interest cap on financial obli

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Judgment Student loans Student Loans Education 52

Burr Forman

OCTOBER 12, 2021

By Adrian Cruz. Law360 (September 16, 2021, 4:52 PM EDT) — Burr & Forman LLP has launched an online resource center to help student-athletes navigate the new rules adopted by the National Collegiate Athletic Association, colleges and states that allow them to profit from their names, images and likenesses, the firm announced. To continue reading on Law360, click here.

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Troutman Sanders

OCTOBER 12, 2021

In Mowrer v. United States Department of Transportation , the U.S. Court of Appeals for the District of Columbia held that government immunity is waived under the FCRA, but also found that the Federal Motor Carrier Safety Administration (FMCSA) does not act as a consumer reporting agency (CRA) in distributing safety records of commercial truck drivers to prospective employers.

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Collections

Fico Collections

OCTOBER 12, 2021

Global analytics software provider FICO today released its analysis of UK card trends for August 2021. The summer holidays and a continued reliance on pandemic savings probably contributed to a growth in average spend on cards. But the signs of financial pressure are also evident with an increase in average balances on accounts with missed payments and growth in card usage on cards – another sign of financial stress.

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Lender Government Collections 52

Troutman Sanders

OCTOBER 12, 2021

In Cheatham v. Adams , a U.S. district judge in Arkansas recently granted the defendant McKendra Adams’s (Adams) motion to dismiss for lack of standing involving an alleged violation of the Fair Debt Collection Practices Act (FDCPA). In its holding, the court determined that even though defendant Adams failed to send a timely validation notice, plaintiff Shelby Cheatham’s (Cheatham) underlying collection lawsuit provided him with all the information he needed.

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Debt collector Fair Debt Collection Judgment Creditors 52

Troutman Sanders

OCTOBER 12, 2021

On October 4, the Consumer Financial Protection Bureau (CFPB) announced on its website that the deadline to request initial forbearance for a COVID-19 hardship for loans backed by the Federal Housing Administration (HUD/FHA), the U.S. Department Of Agriculture (USDA), or the U.S. Department of Veterans Affairs (VA) has been extended. Specifically, the CFPB tells borrowers that if their loan is backed by one of these agencies, then “your mortgage servicer is authorized to approve initial COVID ha

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