Account Recovery

MAY 20, 2022

JUDGE GRANTS MTD IN FDCPA CASE OVER SETTLEMENT OFFER IN LETTER A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because settlement offers mentioned in an initial collection notice allegedly violated the 30-day dispute window. APPEALS COURT AFFIRMS RULING … The post Daily Digest – May 20.

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Fair Debt Collection Collections 246

Enterprise Recovery

MAY 20, 2022

Businesses often tout that they are "customer-focused" but in fact, they may only be focusing on what they assume the customer wants. Unless they're really taking the pulse of those they serve, through surveys and communication, the business may be more internally focused than keeping clients happy. Can business leaders help change the focus? Does business leadership influence client satisfaction?

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Account Recovery

MAY 20, 2022

Companies in the accounts receivable management industry should be forgiven for thinking they are visiting a carnival and not spending time in the office, because their jobs these days look a lot like Whac-a-Mole and less like collecting debt, thanks to regulators who are aggressively rolling out new rules and plans, panelists on this week’s … The post Panel Talks About How to Deal With Consumer Complaints appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 246

Troutman Sanders

MAY 20, 2022

On May 19, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an interpretive rule , describing states’ authorities to pursue companies and individuals that allegedly violate any of the federal consumer financial laws enforced by the CFPB. CFPB Director Rohit Chopra described this action as “promoting state enforcement, not suffocating it.

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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

MAY 20, 2022

The Court of Appeals for the Sixth Circuit has affirmed a lower court’s ruling in favor of a collection law firm that was sued for allegedly discriminating against a woman for not hiring her back for a collector’s position because of her age, when in fact she had been notified of poor performance as a … The post Appeals Court Affirms Ruling for Legal Collector Sued for Age Discrimination appeared first on AccountsRecovery.net.

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Law Firms Collections 246

Account Recovery

MAY 20, 2022

The Consumer Financial Protection Bureau yesterday opened the door for states to take more regulatory and enforcement actions against financial services companies, including those in the accounts receivable management industry, issuing an interpretive rule that certifies that states can enforce the Consumer Financial Protection Act. The CFPB also reminded state regulators yesterday that there is … The post CFPB Issues Rule Giving States More Authority to Enforce Federal Laws, Including FDC

Accounts Receivables Management 245

Accounts Receivables Management Financial services 245

Nerd Wallet

MAY 20, 2022

Fidelity bonds are insurance policies that protect a business’s finances in case an employee steals from the business or commits fraud. Fidelity bonds are also known as employee dishonesty insurance. You can buy a fidelity bond on its own or as part of a commercial crime insurance policy. Consider purchasing this coverage if your employees. Rosalie Murphy writes for NerdWallet.

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Account Recovery

MAY 20, 2022

A District Court judge in Pennsylvania has granted a defendant’s motion to dismiss after it was sued for violating the Fair Debt Collection Practices Act because settlement offers mentioned in an initial collection notice allegedly violated the 30-day dispute window. A copy of the ruling in the case of Bernard v. Radius Global Solutions can … The post Judge Grants MTD in FDCPA Case Over Settlement Offer in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 243

Fair Debt Collection Collections 243

Nerd Wallet

MAY 20, 2022

Being in debt feels like you’re always a step behind. It doesn’t help that debt is spoken about as something that’s your fault — too much online shopping, or too many pricey pitchers of mimosas at brunch. “In our culture, in our country, we have a lot of noise about debt,” says Lindsay Bryan-Podvin, an. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Collections

Better Credit Blog

MAY 20, 2022

Life is filled with unanticipated expenses, and when you least expect it, you could be hit with a financial need that extends beyond your paycheck and your savings. Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. With low interest for borrowers with strong credit scores, fixed rates, and a variety of lending sources to choose from, it’s easy to see why personal loans are so enticing.

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Personal loans Loans Lender Collateral 76

Nerd Wallet

MAY 20, 2022

Margin trading allows investors to purchase securities, such as stocks, with borrowed money. The hope behind the gamble is simple: A loan increases your purchasing power, which can magnify your gains. But what happens when the investments you made with the money you borrowed aren’t doing so well? For starters, you might get what’s called. Sabrina Parys writes for NerdWallet.

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Trade Loans 85

UK debt collections

MAY 20, 2022

A Plymouth based businessman has been banned from being a company director for eight years. This follows after his TV network went bust with unpaid debts totaling nearly two million pounds. The Insolvency Service gave Connor Johnson the lengthy disqualification following the liquidation of his TV Company, Rhino Television and Media Ltd in 2021. The Insolvency service said Mr Johnson had failed to ensure maintained, adequate accounting records from at least October 2015 through to its liquidation

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Unsecured Creditor Debt Recovery Creditors Retail 59

Nerd Wallet

MAY 20, 2022

The best barcode label printers make it easy to create and print codes that help you track your inventory. Thermal printers, which use heat to print, eliminate the need for ink and can print hundreds of labels per minute. Some barcode printers are also compatible with point-of-sale systems, so keep an eye out for your. Dalia Ramirez 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

On Guard

MAY 20, 2022

Time flies! Another five years of FinTech Barometer. One thing is certain for technologies: five years is a long time in which a lot happens. A technology may have emerged and just as quickly died out again. Or, what first seemed like a questionable technology is now being used by many companies or new applications may have emerged that we didn’t think possible five years ago.

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Nerd Wallet

MAY 20, 2022

United MileagePlus is a key loyalty program in the points and miles world, and it’s not just because United Airlines is one of the largest U.S. airlines. United is a transfer partner of Chase Ultimate Rewards®, Bilt Rewards and several hotel loyalty programs — making it easy to rack up United miles. Plus, United’s redemption. JT Genter writes for NerdWallet.

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Taurus Collect

MAY 20, 2022

Almost every company, from small businesses to enterprise organisations, seeks partnerships with debt collecting agencies when their past-due account receivables begin to mount. While small businesses may not have adequate technology to conduct debt collection efficiently, larger organisations may find it too time-consuming to pursue debt collections.

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Collection Agencies Collections Agency Collections Debt Recovery 52

Nerd Wallet

MAY 20, 2022

There are banks that want to give you more than $100 to open a new account. The catch? You might need to make a minimum deposit. Or receive a direct deposit. Or keep your money deposited for a certain time. Or all of the above. For some customers, the requirements are worth the effort. “I. Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com.

Banks 71

Banks 71

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Collections

Fico Collections

MAY 20, 2022

In my last post I looked at using predictive machine learning models (specifically, a boosted ensemble like xGB Boost) to improve on Probability of Default (PD) scoring and thereby reduce RWAs. The results were quite impressive at determining default rate risk – a reduction of up to 20 percent. Default prediction like this would make any balance sheet owner happy – empowering lenders to more accurately predict which borrower presents a credit risk.

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Lender Banks 52

Nerd Wallet

MAY 20, 2022

Is Priceline legit? This online travel agency is well known and joins plenty of others in promising good travel deals for flights, hotels, rental cars and more. But is this true? It can be. Let’s take a look at how Priceline works, whether it’s reliable and how it can save you money. » Learn more: Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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On Guard

MAY 20, 2022

Deciphering the data landscape: Financial insights from the 2022 FinTech Barometer. In 2022, data continues to be the lifeblood of businesses and some of us even dare to predict that smart workflows and seamless interactions among humans and machines will be as commonplace as the corporate balance sheet, with data being the driving force behind almost every single aspect of work.

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Credit Management Collections 52

Nerd Wallet

MAY 20, 2022

Hilton Honors points collectors are in luck when visiting French Polynesia, as there are several places to earn and redeem points. One of them is the beautiful Hilton Moorea Lagoon Resort and Spa — a favorite of those traveling beyond the famous island of Bora Bora. For many people, the best way to redeem their. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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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.