Account Recovery
JANUARY 19, 2022
The Connecticut Department of Banking has revoked a collection agency’s license to collect in the state, while also issuing an order to cease and desist from not cooperating with the regulator, and assessed a fine of $100,000 for failing to provide information that had been requested as part of an examination of the agency. A … The post Conn.
Nexa Collect
JANUARY 19, 2022
If you think that ignoring written demands and calls from a collection agency will spare you from all the consequences, then you are wrong. A debt collector has several ways to find your latest address, phone number, and employer information. This process is called skip tracing. Your credit card address, your USPS change of address, address on your most recent bills are collected by data aggregation companies and/or credit reporting agencies.
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Account Recovery
JANUARY 19, 2022
PREFERRED FILES BRIEF WITH ELEVENTH CIRCUIT IN ADVANCE OF EN BANC HEARING Congress made a mistake when it drafted Section 1692c(b) of the Fair Debt Collection Practices Act, which prohibits communicating information about a debt with third parties because the way the statute is written, “there would be no corporate debt collectors because debt collectors … The post Daily Digest – January 19.
Sawin & Shea
JANUARY 19, 2022
Filing your taxes and filing for bankruptcy are two things that can be confusing and challenging on their own. When you put the two together, it can cause debtors even more stress. However, understanding the basics and what to look out for can make the whole situation a lot easier. Filing your taxes after filing for bankruptcy is not as complicated as it may seem, and if you are still confused after doing some research, you can always reach out to a bankruptcy lawyer.
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 19, 2022
When a collector is informed that a consumer is being represented by an attorney, there are not many exceptions allowing the collector to contact the consumer directly. One of those exceptions is when the attorney fails to respond within a reasonable period of time to a communication from a debt collector. But how long is … The post Judge Grants MTD in FDCPA Case on All Claims But One appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 19, 2022
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. This is merely meant … The post 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 19, 2022
Finding and applying for business financing can be time-consuming and complicated, especially if you don’t have much experience with the process. Business loan brokers can save you time, offer industry knowledge and hopefully help you get the best small-business loan offer. But they aren’t necessary for every business. Here’s what you need to know about business.
Account Recovery
JANUARY 19, 2022
AUSTIN, TX, UNITED STATES, January 20, 2022 — Brit Suttell, a thought leader in Barron & Newburger’s extensive compliance efforts on behalf of its clients, has been promoted to shareholder of the firm. Brit’s leadership in the firm’s recent efforts to prepare clients for compliance with the Consumer Financial Protection Bureau’s Regulation F has made … The post Brit Suttell Promoted to Shareholder of Barron & Newburger, P.C. appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 19, 2022
Welcome to the Smart Money Podcast Book Club, where we talk with authors about personal finance books. First up is Bola Sokunbi, author of “Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth.” She shares how she learned about money from her mother, some of the early mistakes she made and her advice. Kimberly Palmer writes for NerdWallet.
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FFGN COLLECT NY
JANUARY 19, 2022
Remote work has changed the way business is done. On your end, you might find it difficult to reach someone who can give concrete answers about payment. Or maybe documentation has been lost in the shuffle or left in an office. Work has changed in a lot of ways, but does the fact that so many New York businesses have switched to remote work affect the collectability of your collection claim?
Nerd Wallet
JANUARY 19, 2022
Big changes are coming to the IHG loyalty program later this year. IHG Hotels & Resorts announced today that a new tier and bonus point earning structure is set to launch in March 2022. Among the changes you can expect to see: Four tiers of elite status (up from three). A higher bonus points earning. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
Troutman Sanders
JANUARY 19, 2022
Recently, a district judge in California granted a defendant’s motion to dismiss in Koeut v. Navient Corp. , ruling that the plaintiff failed to specifically allege facts to support an inference that Navient Corporation and Navient Solutions LLC violated the Fair Credit Reporting Act (FCRA) and the California Consumer Credit Reporting Agencies Act (CCRAA).
Nerd Wallet
JANUARY 19, 2022
After two full years of disrupted travel, it seems like the industry could finally return to something like normalcy. Maybe. Perhaps. According to a report by the World Travel & Tourism Council, business travel in 2022 could return to 66% of normal 2019 levels. If you were a frequent traveler in the past, or are. Sam Kemmis writes for NerdWallet.
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?
Collections Law
JANUARY 19, 2022
Though you always hope your customers will pay their bills on time, delinquent debtors are an unfortunate but normal part of doing business. You can take steps to protect yourself and your company, however. At Law Offices of Alan M. Cohen LLC, our experienced commercial collection attorneys have been helping businesses recover debt since 1994. We are familiar with every legal option you have in Massachusetts for collection and offer the following tips for collecting on delinquent accounts: Start
Nerd Wallet
JANUARY 19, 2022
There’s no use trying to predict what will happen to the travel industry next. A report from STR and Tourism Economics, a partner of global forecasting organization Oxford Economics, expects a 13% year-over-year increase in U.S. hotel occupancy in 2022, but that should probably come with the caveat, “Who the heck knows?” Yet there are some. Sam Kemmis writes for NerdWallet.
Price Meese
JANUARY 19, 2022
The Firm is pleased to announce that Partner, Thomas C. Martin, Esq. has been re-appointed as Member-At-Large of the Executive Committee of the Transportation Lawyers Association (the “TLA”) for the years 2022-2023. The TLA assists providers and commercial users of all modes of domestic and international transportation and supply chain solutions to stay ahead of the constant changes governing all aspects of law regulating transportation and the supply chain.
Nerd Wallet
JANUARY 19, 2022
NerdWallet Smart Money Podcast Book Sweepstakes Official Rules NO PURCHASE NECESSARY TO ENTER OR WIN. A PURCHASE OR PAYMENT WILL NOT INCREASE YOUR CHANCES OF WINNING 1. Sponsor These are the Official Rules for the NerdWallet Smart Money Podcast Book Sweepstakes (the “Sweepstakes”). The sponsor and administrator of this Sweepstakes is NerdWallet, Inc. 55 Hawthorne.
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Troutman Sanders
JANUARY 19, 2022
A recent settlement between the Federal Trade Commission (FTC) and a lead generator provides new insight into the FTC’s enforcement of sensitive personal data collection and sales under the Fair Credit Reporting Act (FCRA) and the agency’s Section 5(a) authority. On January 5, the Federal Trade Commission (FTC) filed a complaint , alleging that ITMedia Solutions LLC and its affiliates operated hundreds of different websites designed to induce consumers into providing sensitive personal informati
Prosperity Now
JANUARY 19, 2022
As the impact of the COVID-19 pandemic continues to transform the economic landscape for families across the country, Volunteer Income
CSA
JANUARY 19, 2022
A new report from the Credit Services Association (CSA) highlights the consequences of consumer wariness when it comes to receiving unexpected telephone contact from debt collection agencies and outlines some potential solutions. The growth of fraudulent ?scam? calls during the pandemic has raised problems for legitimate firms who, as part of their security processes, require customers to pass a series of security questions prior to divulging who is calling.
NACM
JANUARY 19, 2022
China's economy grew only 4% in the final quarter of 2021, the slowest pace seen since the second quarter of 2020, the New York Times reports. The stall in economic growth is likely due to a drop in property sales, slowed demand and Covid-forced shutdowns. Experts predict other economies will also lose momentum in the near future. "The snapshot of.
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 19, 2022
Congress made a mistake when it drafted Section 1692c(b) of the Fair Debt Collection Practices Act, which prohibits communicating information about a debt with third parties because the way the statute is written, “there would be no corporate debt collectors because debt collectors would violate the FDCPA ever single time they communicated about a debt … The post Preferred Files Brief With Eleventh Circuit in Advance of En Banc Hearing appeared first on AccountsRecovery.net.
Fico Collections
JANUARY 19, 2022
From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts. TBML: What Is Trade-Based Money Laundering?
Troutman Sanders
JANUARY 19, 2022
Ruling on several motions to dismiss on January 14, the U.S. District Court for the Eastern District of Virginia denied an effort to dismiss Courthouse News Service’s (CNS) First Amendment challenge to Virginia’s restrictions on public access to electronic court records. This clears the way for the lawsuit to proceed on the merits. Although this case specifically involves access to civil case court records filed in Virginia state courts of record, the broader underlying issue of public and comme
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