Account Recovery

DECEMBER 30, 2020

NINTH CIRCUIT AFFIRMS RULING FOR CFPB IN SEILA LAW CASE In a battle that has been to the Supreme Court and back, the Court of Appeals for the Ninth Circuit yesterday reaffirmed a District Court ruling that grants a petition from the Consumer Financial Protection Bureau seeking to enforce a civil investigative demand letter that … The post Daily Digest – December 30.

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Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. Before liquidating any collateral or incurring costs of litigation, Lenders and CDCs should make a good faith effort to first negotiate a “workout agreement” with the borrower.

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Account Recovery

DECEMBER 30, 2020

A District Court judge in Wisconsin has certified a class in a case against a collection agency accused of violating the Fair Debt Collection Practices Act by saying it “may” commence a civil action if the debt was not paid even though it had no intention of doing so. A copy of the ruling in … The post Judge Grants Certification in FDCPA Class Action Over Reference to ‘Civil Action’ in Letter appeared first on AccountsRecovery.net.

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Fair Debt Collection Collection Agencies Collections Agency Collections 246

Roths Child Law

DECEMBER 30, 2020

Home equity loans are generally referred to as second mortgages. If you are struggling to make payments on a second mortgage, it may be possible to file bankruptcy in an effort to have the debt discharged. Let's take a look at the process of filing for protection from creditors in Tennessee. What type of bankruptcy protection should you seek? In a Chapter 7 case, nonexempt property is sold in an effort to raise money to pay off your creditors.

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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

DECEMBER 30, 2020

It’s that time of year again. Time to count down the most popular articles that were published to AccountsRecovery.net in 2020. If there are any common themes among those that made the Top 10, it’s that “slow down to see the wreckage of a car crash” phenomenon because articles that had bad news and big … The post The Most Popular Stories on AccountsRecovery.net in 2020 appeared first on AccountsRecovery.net.

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Account Recovery

DECEMBER 30, 2020

In a battle that has been to the Supreme Court and back, the Court of Appeals for the Ninth Circuit yesterday reaffirmed a District Court ruling that grants a petition from the Consumer Financial Protection Bureau seeking to enforce a civil investigative demand letter that was sent to a law firm. The Appeals Court determined … The post Ninth Circuit Affirms Ruling for CFPB in Seila Law Case appeared first on AccountsRecovery.net.

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Law Firms 227

Nerd Wallet

DECEMBER 30, 2020

This $0 annual fee card offers powerful rewards earnings for those with businesses who already bank with Bank of America®. But even if you’re not a Bank of America® Preferred Rewards for Business member, you can still earn 1.5 points per dollar spent on everyday purchases when you use the Bank of America® Business Advantage. Rand Shoaf writes for NerdWallet.

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Banks 75

Account Recovery

DECEMBER 30, 2020

ATLANTA, December 30, 2020 — VoApps is proud to announce that it donated its holiday gift budget of more than $10,000 to charities across the country during this holiday season, all on behalf of its valued clients. This year has been incredibly hard for far too many people in our country and around the world, … The post Forgoing Holiday Gifts, VoApps Lets Clients Choose Charities To Receive More Than $10k in Donations appeared first on AccountsRecovery.net.

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Better Credit Blog

DECEMBER 30, 2020

Wondering why DFS/Webbank showed up on your credit report? Short for Dell Financial Services/Webbank, the entry is probably on your report because you applied for a Dell Preferred Account. Most of the time, a hard inquiry from a lender or service provider is nothing to panic over. However, if you didn’t apply for a card, it could be due to a reporting error or signal a more serious issue like identity theft.

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Collections

Troutman Sanders

DECEMBER 30, 2020

On December 15, 2020, the Board of Commissioners for Polk County, Florida voted to accept an additional $2,812,299.00 of funding from the March 27, 2020, CARES Act (the Act), part of which will be used to provide rental assistance to residents of Polk County. The rental assistance comes in the form of the Polk County CDBG Mortgage and Rental Assistance Program.

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Acquisition Construction Banks Lender 52

Payment Savvy

DECEMBER 30, 2020

Finding the right business payment solution can be challenging! There are many business payment solutions available today. Many of these options are tailored to a specific niche because of the diverse payment preferences influenced by age groups, types of businesses, and technologies. With these different options, it can be challenging to choose the right payment processing solution for your business.

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Public Citizen

DECEMBER 30, 2020

by Jeff Sovern. The CFPB has posted to its website an announcement that it will hold an event on January 5 to announce the "findings, analyses, and recommendations" of its Taskforce on Federal Consumer Financial Law. Regular blog readers will recall that the Taskforce is not very diverse in a variety of ways. Earlier this month, the Taskforce came up during a very informative program titled “FinTech and Consumer Finance: Agenda for 2021” held by the Conference on Consumer Finance Law a

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FFGN COLLECT NY

DECEMBER 30, 2020

Should there be another court shutdown in 2021, you may be wondering how to maximize debt collection in 2021? New York on PAUSE in March 2020, closed New York courts for almost all debt collection efforts. The need to get paid to stay afloat was not considered urgent enough to bring an emergency application (the only type of debt collection effort that was allowed during the shutdown).

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Collections Law Firms Judgment Commercial Collection 40

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 Financial Services Law

DECEMBER 30, 2020

The Sixth Circuit recently weighed in on whether there is a “benign language” exception to Section 1692f(8) of the Fair Debt Collection Practices Act (the “FDCPA”). In Donovan v. FirstCredit, Inc., No. 20-3485, 2020 U.S. App. LEXIS 39798 (6 th Cir. Dec. 18, 2020), the Court joined the Third and Seventh Circuits in holding that Section 1692f(8)’s plain text unambiguously prohibits markings on envelopes other than those necessary for sending communications through the mail.

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Debt collector Fair Debt Collection Construction Debtor 40

Debt

DECEMBER 30, 2020

The second COVID-19 relief bill is now law – all 3,126 pages of it. The people in Congress who passed it admit they don’t know what all is in it, so the average American probably has no clue. You’ve probably heard how lawmakers haggled for months over the package, how President Trump threatened not to… The post Covid-19 Relief Bill appeared first on Debt.org.

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