Account Recovery

MAY 10, 2022

Decreasing supply of portfolios available to be purchased led to a marked drop in the amount of portfolio purchases by PRA Group in the first quarter of 2022, according to financials released by the company yesterday, while company Chief Executive Kevin Stephenson noted that, “if history teaches us a simple lesson, more is coming,” during … The post Portfolio Supply Remains Low, But Higher Default Rates are on the Horizon: PRA Group CEO appeared first on AccountsRecovery.net.

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Debt Buying 246

Consumer Finance

MAY 10, 2022

Today, the Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s co-founders, Gregory Winters and Stephen Chaya, for collecting debt-relief fees from consumers, lying to consumers about when the fees would be paid to debt-relief companies, and sending illegal advance fees to debt-relief companies before they were legally allowed to do so.

Student loans 114

Student loans Student Loans Loans Collections 114

Account Recovery

MAY 10, 2022

A complaint has been filed in California accusing a collector of violating the Fair Debt Collection Practices Act and Regulation F by attempting to collect a debt through calls and text messages to the plaintiff’s cell phone after consent had been revoked and after the debt in question had been discharged during bankruptcy proceedings. A … The post Complaint Accuses Collector of Violating FDCPA, Reg F Over Attempts to Collect Discharged Debt appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Bankruptcy 246

Nerd Wallet

MAY 10, 2022

A business plan can improve your chances of being approved for a loan by helping to persuade lenders that your business is worth investing in and that you have the ability to repay the loan. Many lenders will ask that you include a business plan along with other documents when submitting your loan application. When. Lisa Anthony writes for NerdWallet.

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Loans Lender 93

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 10, 2022

A District Court judge has partially lowered the attorney’s fees in a Fair Credit Reporting Act case, but only by 10%, which kept the total award to more than $206,000, $70,000 more than what the defendant sought to pay. A copy of the ruling in the case of Ramones v. AR Resources can be accessed … The post Judge Awards Plaintiff’s Counsel $206k in FCRA Case appeared first on AccountsRecovery.net.

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Account Recovery

MAY 10, 2022

JUDGE AWARDS PLAINTIFF’S COUNSEL $206K IN FCRA CASE A District Court judge has partially lowered the attorney’s fees in a Fair Credit Reporting Act case, but only by 10%, which kept the total award to more than $206,000, $70,000 more than what the defendant sought to pay. COMPLAINT ACCUSES COLLECTOR OF VIOLATING FDCPA, REG F … The post Daily Digest – May 10.

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Startups Healthcare 246

Nerd Wallet

MAY 10, 2022

The basics of KPIs KPIs, or key performance indicators, use measurable data to track a company’s progress toward a targeted set of goals. From an investor perspective, KPIs are typically related to a company’s financial performance, but they can also be used to measure marketing, management or employee efficiency. KPIs are typically tracked on a. Connor Emmert writes for NerdWallet.

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Account Recovery

MAY 10, 2022

A company that bills itself as a Buy Now, Pay Later service for the healthcare industry has announced that it has raised $110 million in Series A financing to help it add more staff and expand into new territories across the United States. Walnut bills itself as making healthcare more affordable by allowing patients to … The post BNPL Healthcare Startup Raises $110M to Expand appeared first on AccountsRecovery.net.

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Startups Healthcare 240

Nerd Wallet

MAY 10, 2022

This article has been reviewed by tax expert Erica Gellerman, CPA. Ket highlights: Sole proprietorships are subject to pass-through taxation, meaning the business owner reports income or loss from their business on their personal tax return, but the business itself is not taxed separately. A sole proprietor will submit a Schedule C with their personal 1040.

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Collections

Albuquerque Law

MAY 10, 2022

Dealing with debt and financial issues can feel very isolating. You might feel like the only person struggling as you try to escape the pressures of debt. This isolation can make it seem like debt is not a common issue, or that bankruptcy is not a common solution. Is that true? What do the statistics say? Bankruptcy is more common than many people might believe.

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Bankruptcy 75

Nerd Wallet

MAY 10, 2022

The Chase Ultimate Rewards® program is a popular credit card rewards program. If you have multiple Chase credit cards, you’d be wise to learn how to transfer points between Chase accounts. The process of transferring Ultimate Rewards® points between accounts is quick and easy. Not only is it simple to do, but it can be. Natasha Gabrielle writes for NerdWallet.

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Troutman Sanders

MAY 10, 2022

On May 3, the New York State Senate passed S5473D (Bill), which will apply immediately in all actions “in which a final judgment of foreclosure and sale has not been enforced.” ( See S5473D at Section 10.) This means that the new law applies retroactively, affecting future foreclosure actions and existing foreclosures, including those in which a judgment of foreclosure and sale has been entered, but the auction has not yet occurred.

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Foreclosure Lender Judgment Loans 59

Nerd Wallet

MAY 10, 2022

More U.S. workers than ever hold a graduate degree. Years of intensifying job requirements and headlines declaring a master’s “the new bachelor’s degree” nudged a record number of students into grad school. And yet more well-paying jobs no longer require a college degree at all. In this tight labor market, do college grads need a. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans 77

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

MAY 10, 2022

When it comes to collecting commercial debt, you have many options. The best path for your situation may depend on several factors. The experienced commercial collection attorneys at Law Offices of Alan M. Cohen LLC have been helping businesses successfully collect outstanding debt since 1994. The first major question we must ask is whether we will pursue an attachment to the debtors assets before we have a judgment from the court, known as a prejudgment attachment.

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Judgment Collections Debtor Commercial Collection 52

Nerd Wallet

MAY 10, 2022

It’s going to be a big year for weddings — and wedding guests. After more than two years of cancellations and rebookings due to the COVID-19 pandemic, couples are ready to tie the knot surrounded by their family and friends. Over 2.5 million weddings — a 40-year high — are projected to take place in. Amanda Barroso writes for NerdWallet. Email: abarroso@nerdwallet.com.

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Fraser

MAY 10, 2022

If you had a vehicle insured at 11:59 p.m. on October 31, 2021, you are eligible to receive a $400 refund if the insurance met the minimum insurance requirements for operating a vehicle on Michigan roads. This refund is part of 2019 bipartisan auto reform legislation that requires the Michigan Catastrophic Claims Association to issue refunds of $400 per eligible vehicle no later than May 8, 2022.

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Banks 52

Nerd Wallet

MAY 10, 2022

Chase travel credit cards are some of the most popular and beginner-friendly cards. Perhaps you’ve heard a friend or family member totaling up all the great rewards they’re redeeming and you want in. Even if you’ve already got a co-branded card, such as those offered by Hyatt and United, Chase’s own travel credit cards are. Carissa Rawson writes for NerdWallet.

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Collections

Public Citizen

MAY 10, 2022

The Consumer Financial Protection Bureau yesterday published an advisory opinion affirming that the Equal Credit Opportunity Act—a federal civil rights law that protects individuals and businesses against discrimination in accessing and using credit—bars lenders from discriminating against customers after they have received a loan, not just during the application process.

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Lender Loans 45

Nerd Wallet

MAY 10, 2022

World of Hyatt fans know Andaz as one of the company’s top-tier brands that focuses on exceptional design and high-end service. Its Hawaii outpost is no exception, and visitors to Maui will find a bucket-list resort ready and waiting. If you’re curious about the excellent dining, crystal-clear water and stunning views at Andaz Maui, read. Ramsey Qubein writes for NerdWallet.

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Collections Law

MAY 10, 2022

When you need to collect on a commercial debt, freezing the debtor’s bank account can be one of the most effective collection methods available. The technical name for this action is a trustee attachment but is commonly referred to as a bank attachment. If approved by the court, your bank attachment sets aside money from your debtor’s bank accounts in order to pay your debt.

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Banks Collections Debtor Judgment 40

Better Credit Blog

MAY 10, 2022

When you get your first credit card, one of two things can happen: You could keep your new credit card’s balance paid down and make on-time payments month after month to build credit. Or you can spend up to the credit limit and then face expensive finance charges that weigh down your credit utilization ratio and make building credit difficult. Option 1 can launch your journey to financial independence.

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Credit Unions Credit Unions Loans Banks 90

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.

NACM

MAY 10, 2022

The price for a gallon of diesel fuel hit another record month, costing $5.62 compared to the average $2.44 per gallon the same time last year, according to the American Automobile Association (AAA). The cost increases come as diesel inventories sit at historic lows."Fuel prices have surged as efforts to isolate Russia, one of Europe's most importa.

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Better Credit Blog

MAY 10, 2022

Is there one very best credit card somewhere out there? There certainly are a lot of very good cards, but it’s virtually impossible to pinpoint which one is the best. The credit card industry has seriously evolved in the past couple of decades. They moved well beyond the scope of simply providing revolving lines of credit, and competing with one another over interest rates and credit limits.

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Auto Insurance Banks Debt Consolidation Credit Unions 65

Troutman Sanders

MAY 10, 2022

On May 3, Judge Grimm of the U.S. District Court for the District of Maryland issued a class certification decision in a consumer data breach multidistrict litigation case against an international hotel and resort management company, becoming one of the few district courts to certify Rule 23(b)(3) classes in this type of case. The litigation arises out of a data breach of one of the company’s guest reservation databases that allegedly exposed guests’ reservation details, contact information, and

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Government 52