Wed.Jan 24, 2024

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California DMV Facing RFDCPA Class Action

Account Recovery

A class-action complaint has been filed in California state court against the state’s Department of Motor Vehicles for violating the state’s debt collection law by adding unlawful fees and penalties to the renewal fees for driver’s licenses and vehicle registrations.

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The Credit Approval Process Explained

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. The credit approval process varies based on the type of credit you seek. Credit cards can take several days, loans can range from days to weeks, and mortgages can take weeks to a month.

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Daily Digest – January 24. Judge Denies Motion for Reconsideration in FDCPA Case Over Bank Levy; Healthcare Providers Most Concerned with Timely Collections: Survey

Account Recovery

Judge Denies Motion for Reconsideration in FDCPA Case Over Bank Levy Healthcare Providers Most Concerned with Timely Collections: Survey California DMV Facing RFDCPA Class Action 20 Companies Looking for Collection Talent WORTH NOTING: For all of you road warriors — the best carry-on luggage … Five takeaways from last night’s New Hampshire primaries … Knowing […]

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7 Things to Know Before Taking Out a Personal Loan

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. A personal loan enables you to borrow a lump sum of money and repay it in fixed installments. While personal loans can be a useful tool, there are important factors to consider before taking one out.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Judge Denies Motion for Reconsideration in FDCPA Case Over Bank Levy

Account Recovery

Does a plaintiff suffer an injury when $278.75 is taken from his bank account to satisfy a judgment of approximately $12,000, even if the defendant attempted to collect more than it was entitled to?

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20 Companies Looking for Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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Can You Get a VA Loan With Bad Credit?

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. While there is no minimum requirement, most lenders prefer a credit score of 620 or above. A VA home loan is a mortgage backed by the Department of Veterans Affairs (VA) for service members, veterans, and their families.

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Healthcare Providers Most Concerned with Timely Collections: Survey

Account Recovery

Collecting money from patients in a timely fashion is the biggest concern for revenue cycle managers, more important than managing insurance denials and hiring and training staff, according to the results of a nationwide survey that were released yesterday.

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How to Refinance With Bad Credit

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Speaking with your current lender about refinancing options is a great first step if you currently have low credit. Key Takeaways: Refi programs exist to specifically help low-credit applicants.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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Amended Proofs of Claim are not Always Allowed

ABI

Lianna Meehan St. John’s University School of Law American Bankruptcy Institute Law Review Staff In In re Maxus Energy Corporation , the United States Bankruptcy Court for the District of Delaware held that PSE&G could not file an amended proof of claim years after the bar date had passed on its timely-filed proof of claim. [1] The bankruptcy court held that a motion for leave to amend a proof of claim “should be granted if and only if the original proof of claim seeks amou

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Can You Pay Rent With a Credit Card?

Credit Corp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. You can pay rent with a credit card if your landlord agrees to your request, but using this method may incur extra fees.

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Member Spotlight: Opening Doors for New Opportunities

NACM

Being a credit professional requires the ability to determine risk, think creatively and adapt to company-wide and industry changes. By earning designations through NACM's six-level Professional Certification Program, credit professionals gain the knowledge and skillset required to not only adapt to changes but expand their role in B2B credit manag.

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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

When you are overwhelmed by debt, you may start to wonder if declaring bankruptcy or pursuing debt consolidation is the better option. Both strategies aim to provide relief, but they work very differently. Understanding the key aspects of each can help you determine what is better, bankruptcy or debt consolidation, for your situation. The Pros and Cons of Debt Consolidation vs Bankruptcy With debt consolidation and bankruptcy, each path comes with its own set of advantages and drawbacks.

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ERM Program Fundamentals for Success in the Banking Industry

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?