Account Recovery

NOVEMBER 19, 2020

GETTING TO KNOW DAN MEDINA OF GULF COAST COLLECTION BUREAU How many times have you heard, “Never show someone you can do something because then you’ll be asked to do it all the time”? Dan Medina is proof that you shouldn’t believe that for a second. Because without demonstrating a talent for data analysis, he … The post Daily Digest – November 19.

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Collections 246

Nexa Collect

NOVEMBER 19, 2020

In a previous article, we discussed the importance of a SWOT analysis. One of the main functions of the SWOT analysis is to help formulate strategies to keep the business running and help it grow. Here, we will look at the most common reasons why some strategies have been successful while others have failed. ‘Strategy’ is a magic word that can have different meanings in different industries.

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Account Recovery

NOVEMBER 19, 2020

The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Dan Medina of Gulf Coast Collection Bureau appeared first on AccountsRecovery.net.

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Collections 221

Credit Corp

NOVEMBER 19, 2020

Small businesses are a huge part of the American economy. They make up 99% of all businesses in the nation. But even in good times, small businesses have around a 50% long-term survival rate , making economic uncertainty and a global pandemic extremely worrisome for many small-business owners. Find out how you can support small businesses in your community this holiday season to help make your local economy a bit merrier and brighter.

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Retail 128

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

NOVEMBER 19, 2020

The Court of Appeals for the Ninth Circuit has affirmed a lower court’s denial of class certification in a case that alleged Bank of America violated California law in determining how overtime wages were calculated for more than 5,000 employees working at the company’s 13 call centers in The Golden State. A copy of the … The post Appeals Court Affirms Certification Denial in Call Center Employees’ Overtime Pay Suit appeared first on AccountsRecovery.net.

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Banks 221

Account Recovery

NOVEMBER 19, 2020

A group of 238 state and federal consumer organizations have written a letter to President-elect Joe Biden and Vice President-elect Kamala Harris asking them to cancel all federal student debt on their first day in office. The groups, which include the National Consumer Law Center, the American Federation of Teachers, and the NAACP, arguing that … The post Consumer Groups, Lots of Them, Ask Biden to Cancel Student Loan Debts appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans 211

Nerd Wallet

NOVEMBER 19, 2020

When the deadly COVID-19 pandemic began taking a toll on the economy and Americans’ finances earlier this year, monthly payments were suspended automatically for more than 42 million federal student loan borrowers. Now, with payments scheduled to resume in January, nearly half of those with federal debt say they aren’t confident they’ll be able to. Anna Helhoski is a writer at NerdWallet.

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Student loans Student Loans Loans 102

Account Recovery

NOVEMBER 19, 2020

A District Court judge in Florida has chopped the amount of attorney’s fees to be awarded to the plaintiff’s counsel in a Fair Debt Collection Practices Act case by 75%, and called out the counsel for having a “vastly excessive” number of lawyers and paralegals work the case, which showed “a lack of judgment, poor … The post Judge Lowers Plaintiff’s Attorney Fees by 75% in FDCPA Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Lawyers Judgment Collections 162

Nerd Wallet

NOVEMBER 19, 2020

Donna Skemp of Bend, Oregon, struggled to save before she signed up for an automatic savings plan offered by her employer’s payroll services company. Now, some of her pay goes into a federally insured, interest-paying savings account that she can access any time with a debit card. “It’s painless, and it’s so easy,” says Skemp, Liz Weston is a writer at NerdWallet.

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Collections

True Accord

NOVEMBER 19, 2020

In this edition of The Digest, we’re zooming in on a topic making headlines in the world of collections: the new CFPB debt collection rule. We sat down with TrueAccord’s Chief Compliance Officer Tim Collins to get his initial thoughts on what the new rule will mean for the collections industry, and how it may open new doors for better relationships between collectors and consumers.

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Collections Collection Agencies Collections Agency 69

Nerd Wallet

NOVEMBER 19, 2020

Move over, cranberry sauce, Citi is sweetening up Thanksgiving week with a holiday bonus for current holders of Citi-branded consumer and small-business credit cards. In time for Black Friday and Cyber Monday shopping, eligible cardholders can earn 5% back on up to $500 spent on online purchases from Nov. 24 to Nov. 30, 2020. That’s. Melissa Lambarena is a writer at NerdWallet.

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Consumer Finance

NOVEMBER 19, 2020

On November 20, 2020, the Consumer Financial Protection Bureau issued a consent order against U.S. Equity Advantage, Inc. and its owner, Robert M. Steenbergh.

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Nerd Wallet

NOVEMBER 19, 2020

Small business owners searching for a $0 annual fee credit card may want to consider the Bank of America® Platinum Plus® Mastercard® Business credit card. This card offers an attractive welcome bonus and a promotional purchase APR, but it does not earn rewards for your spending. Here’s a look at the pros and cons of this. Lee Huffman is a writer at NerdWallet.

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Banks 78

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

Consumer Finance

NOVEMBER 19, 2020

On November 20, 2020, the Consumer Financial Protection Bureau filed a lawsuit against FDATR, Inc., and its owners, Dean Tucci and Kenneth Wayne Halverson.

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Debt settlement 75

Nerd Wallet

NOVEMBER 19, 2020

The American Express® Business Gold Card offers rewards that adjust to your spending, plus other benefits that make the card more valuable for some users. So is the American Express® Business Gold Card the right card for you? Here’s a look at some top features of the card, followed by a little analysis weighing your. Dustin Waller is a writer at NerdWallet.

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Better Credit Blog

NOVEMBER 19, 2020

Did you find an inquiry from TJXRewards/SYNCB on your credit report? If TJXRewards/SYNCB is on your report, it’s probably because you applied for a credit card with TJ Maxx. Depending on how many you have, hard inquiries could have a substantial impact on your score. Read on to learn just how hard inquires work and to learn how to get the entry off your credit report if you didn’t apply for a TJX Rewards card.

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Lender Loans Repossession Banks 52

Nerd Wallet

NOVEMBER 19, 2020

Advocates have long called for broader adoption of virtual doctor visits, but it took the coronavirus pandemic to push telehealth into the mainstream. Federal data shows that over 12.1 million Medicare recipients received some form of remote care from mid-March to mid-August as health care providers and patients sought to keep themselves safe from infection.

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Collections

Burr Forman

NOVEMBER 19, 2020

Birmingham partner Angie Smith? has been nominated by the Birmingham Bar Association’s Executive Committee as a candidate for President-Elect. You can cast your vote for Angie if you are a member of the Birmingham Bar Association. More information on deadlines and voting instructions will be posted on the Birmingham Bar Association’s website.

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Construction Education Government 52

Nerd Wallet

NOVEMBER 19, 2020

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Ben Moore USAA LIFE INSURANCERated 5 stars out of 5 for overall performance in NerdWallet’s analysis.Some policies not available in New York.Far fewer.

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Healthcare 74

Arbeit Software

NOVEMBER 19, 2020

The CFPB's rule for debt collection continues to be analyzed by industry experts. We spoke to one of them - John Bedard, Jr. of Bedard Law Group - to understand one specific part of the rule: Limited Content Messaging.

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Collections Collection Agencies Collections Agency 52

Nerd Wallet

NOVEMBER 19, 2020

The Capital One® Spark® Miles for Business is a simple but effective credit card for business owners who don’t want to pay an annual fee. It offers a generous welcome bonus and earns unlimited 1.5x miles on every purchase. Cardholders will enjoy the ability to redeem points for flights or hotel rooms without fear of. Lee Huffman is a writer at NerdWallet.

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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.

Direct Recovery

NOVEMBER 19, 2020

In late September of 2020, Governor Gavin Newsom signed two new pieces of legislation into law that could have a lasting impact on the way that commercial debt collection agencies are able to operate here in the state of California. After spending years discussing the possibility, the state will now begin issuing licenses for any collection agency operating in California, as well as for anyone attempting to collect from California residents, regardless of the location of their office.

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Collections Collection Agencies Collections Agency Fair Debt Collection 52

Fico Collections

NOVEMBER 19, 2020

The latest positive scheme to be hijacked by criminals is the UK government's bounce back loan scheme for businesses. Bounce back loan fraud is being forecast at £15-26 billion. And unfortunately, as long as a simple fraud check was performed, the government has 100% liability for these loans, which means the UK taxpayer does. When the bounce back loan programme was set up, the government rushed it through because they needed to, and they didn’t put all the normal controls on loans at the bank l

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Loans Government Banks Collections 52

Albuquerque Law

NOVEMBER 19, 2020

In today’s society, your credit score can play a large role in your life. It often comes into play when you make large financial decisions, such as when you rent or buy a house, purchase a car or apply for a loan. This critical role is one reason why many people worry about maintaining and improving their credit scores throughout their life. It is also why many people struggling with serious debt might avoid seeking debt relief.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Loans 55

Fico Collections

NOVEMBER 19, 2020

Our latest UK Credit Market Report shows the continuing impact of COVID-19 on household finances even while furlough and payment holidays remained in place during the month. The big challenge for credit providers right now is understanding the true level of financial difficulty consumers are facing because of the support being provided by furlough and payment holidays.

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Banks Lender Loans Collections 52

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