Account Recovery

MAY 17, 2022

The number of consumers who are living paycheck-to-paycheck, meaning they are not able to put aside any money for savings or emergency funds, is back to pre-pandemic levels, according to a published report, and the financial difficulties are being felt by people on all rungs on the income ladder. About 60% of households in the … The post Paycheck-to-Paycheck Returns as a Way of Life for More Americans appeared first on AccountsRecovery.net.

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Nerd Wallet

MAY 17, 2022

Sometimes a grain of truth about a financial topic can morph into something that’s just plain misleading. One example is the 15/3 credit card payment trick — or hack — that you might have seen touted on the internet and social media as a secret tactic for improving bad or mediocre credit. The 15/3 hack. Gregory Karp writes for NerdWallet. Email: gkarp@nerdwallet.com.

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Account Recovery

MAY 17, 2022

Consumer attorneys are seizing upon the fact that validation notices sent to consumers no longer need to have the date the letter was mailed on it, and are suing collectors for violating Regulation F and the Fair Debt Collection Practices Act, alleging that the validation date provided in those notices is not accurate. The latest … The post Complaint Accuses Collector of Violating FDCPA, Reg F Because Letter was Undated appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Prosperity Now

MAY 17, 2022

Oweesta Corporation, the longest standing Native Community Development Financial Institution (CDFI) intermediary, is an organization committed to building economic independence

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Financial Institution 98

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

MAY 17, 2022

APPEALS COURT REVIVES FCRA CASE OVER REASONABLE INVESTIGATION THRESHOLD The Court of Appeals for the Ninth Circuit yesterday reversed a lower court’s summary judgment ruling in favor of a defendant sued for violating the Fair Credit Reporting Act, determining that the “reasonable investigation” it conducted when the plaintiff disputed the accuracy of the information on … The post Daily Digest – May 17.

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Judgment 246

Account Recovery

MAY 17, 2022

NORFOLK, Va., May 16, 2022 — Mental Health Awareness Month was designated in the U.S. to nationally decrease the stigma surrounding mental health and encourage open conversation to prevent suicides, violence, depression and other problems associated with low mental health. PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, is honoring this designated … The post Mental Well-Being Group Builds Awareness and Support for PRA Group Employees Worldwide appear

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Nerd Wallet

MAY 17, 2022

It’s a small business’s worst nightmare: You’ve been notified by your payment processor that your transactions are being investigated for potentially fraudulent activities. Your account has been frozen, you’re not allowed to process any transactions until further notice and what funds were being processed aren’t going to be deposited. Your entire revenue stream is stalled.

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Account Recovery

MAY 17, 2022

The Court of Appeals for the Ninth Circuit yesterday reversed a lower court’s summary judgment ruling in favor of a defendant sued for violating the Fair Credit Reporting Act, determining that the “reasonable investigation” it conducted when the plaintiff disputed the accuracy of the information on his credit report needs to be left up to … The post Appeals Court Revives FCRA Case Over Reasonable Investigation Threshold appeared first on AccountsRecovery.net.

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Judgment 241

Nerd Wallet

MAY 17, 2022

United Airlines is one of the Big Three U.S. airlines and covers more than 300 cities across five continents. For those looking for a trip south of the border, United flies to several destinations in Mexico. Here’s everything you need to know about United flights to Mexico. » Learn more: The best travel credit cards. Anya Kartashova writes for NerdWallet.

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Collections

Account Recovery

MAY 17, 2022

A District Court judge in Kentucky has partially granted and partially denied a collection attorney’s motion to dismiss a Fair Debt Collection Practices Act lawsuit, ruling that the attorney’s motion for default judgment in an underlying collection case was “improper” because the plaintiff had filed a response to the suit. A copy of the ruling … The post Judge Partially Grants MTD in FDCPA Case Over ‘Improper’ Default Judgment Motion in Underlying Collec

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Judgment Fair Debt Collection Collections 238

Nerd Wallet

MAY 17, 2022

At its best, business coaching can connect you with a mentor and supporter who helps you generate ideas, make plans and execute on them. But at its worst, a business coaching offer can cost you time, energy and money — without much to show for it. Here’s what to expect from a business coach, how. Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com.

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UK debt collections

MAY 17, 2022

The Insolvency Service will close half of its offices in England according to plans laid out in an new strategy. The news has not been met well though with the PCS Union saying it could cost up to 300 jobs. The executive agency, which provides information on bankruptcy , redundancy, paying off debts, company insolvency and misconduct of trading companies and partnerships, will close 11 of its 20 local offices in England over the next five years.

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Nerd Wallet

MAY 17, 2022

Of all the things that have experienced massive price swings during the COVID-19 pandemic, rental cars saw one of the biggest — and that swing was directly up. Renters in summer 2021 got hit especially hard when rental car prices reached an all-time high that July. While prices have slightly dipped from those highs, they’re. Sally French writes for NerdWallet.

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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

PBWT

MAY 17, 2022

A discharge in bankruptcy usually discharges a debtor from the debtor’s liabilities. Section 523 of the Bankruptcy Code, however, sets forth certain exceptions to this policy, including for “any debt. for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by. false pretenses, a false representation, or actual fraud.” 11 U.S.C. § 523(a)(2)(A). ( We have previously written about this provision in the context of statements re

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Nerd Wallet

MAY 17, 2022

Hilton launched its connecting room guarantee in mid-2021. This guarantee, which allows travelers to confirm that their rooms are together during booking, allows larger groups peace of mind when on the road. As the first major hotel company to offer this benefit, you’ll need just three days advance notice to secure this benefit. Here’s a. Carissa Rawson writes for NerdWallet.

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Debt RR

MAY 17, 2022

Extending credit to commercial customers can be a win-win situation for your business and your customers. It gives you a chance to build what could be a long-standing and lucrative relationship, and it enables your customer to buy more from you through commercial debt. However, the credit is a form of a loan, and the money isn’t yours until it’s in your bank account.

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Nerd Wallet

MAY 17, 2022

Hyatt has numerous brands that offer a hotel for every budget, travel need and interest. If you want a design hotel, for example, Andaz could be your go-to. Convention groups will be wowed by the glitz and glamor of Grand Hyatt. But among the different Hyatt hotels, what’s the difference between Hyatt Place versus Hyatt. Ramsey Qubein writes for NerdWallet.

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Collections

Troutman Sanders

MAY 17, 2022

On May 16, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it will launch a new initiative to provide guidance to other agencies with consumer financial protection responsibilities on how the CFPB intends to enforce “Federal consumer financial law.” 12 U.S.C § 5481(14). The CFPB will use Consumer Financial Protection Circulars , described as “general statements of policy,” under the Administrative Procedure Act.

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Banks 52

Nerd Wallet

MAY 17, 2022

In time for summer travel, Capital One is rolling out new perks for cardholders. As of today, the issuer has opened up its travel portal, Capital One Travel, to all of its rewards credit card holders and it’s rolling out a few incentives. Here are the latest offerings from the issuer. Capital One Travel expands. Melissa Lambarena writes for NerdWallet.

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Credit Management Company

MAY 17, 2022

According to a 2022 Consumer Financial Protection Bureau report, 58% of all third-party debt collection is made up of medical debt. Maintaining best practices for resolving accounts can lead to a positive and supportive experience for consumers, and effective management of debt accounts for healthcare providers. In 2014, the Healthcare Financial Management Association (HFMA) released a best practices report with information about pre-service communications and post-discharge resolution tips that

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Nerd Wallet

MAY 17, 2022

Accounts receivable financing, also known as invoice financing, allows businesses to borrow capital against the value of their accounts receivable — in other words, their unpaid invoices. A lender advances a portion of the business’s outstanding invoices, in the form of a loan or line of credit, and the invoices serve as collateral on the. Randa Kriss writes for NerdWallet.

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Collateral Lender Loans 64

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.

On Guard

MAY 17, 2022

For this Coffee Conversation , I sat down with Vera Schut and Bas Kemme from IntotheNXT. We talked about NFTs, Metaverse, smart contracts, blockchain and last but not least: Web3. In this blog, I will take you through the definition of the buzzwords of the digital world. Future-oriented business. NFTs and the Metaverse are new, but nevertheless already one of the biggest changes of the last few years.

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Nerd Wallet

MAY 17, 2022

Buying a used car from a private seller can have advantages. For example, if you’re looking for an exact make and model of vehicle, you might be able to cast a wide net and find it for sale by owner. Also, cars sold by individuals usually sell for less than at a dealership. But buying. Shannon Bradley writes for NerdWallet. Email: sbradley@nerdwallet.com.

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Loans 60

Direct Recovery

MAY 17, 2022

Did you know that the state of California is currently having a difficult time shouldering the weight of an astronomical amount of unemployment debt? To help put the size of this problem into the proper perspective, take a minute to think about the fact that the amount of unemployment California currently owes is equal to the unemployment debt of every other state in the country…combined.

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Troutman Sanders

MAY 17, 2022

On May 5, the Consumer Financial Protection Bureau (CFPB or Bureau) and the Federal Trade Commission (FTC) together filed an amicus brief in an appeal pending before the Court of Appeals for the Second Circuit, Sessa v. Trans Union, LLC , No. 22-87 (2d Cir. 2022). The agencies argue that the Fair Credit Reporting Act (FCRA) does not distinguish between “legal” and “factual” inaccuracies, and thus credit reporting agencies (CRAs) may be held liable for failing to maintain reasonable procedures to

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