Account Recovery

JULY 7, 2021

The Court of Appeals for the Third Circuit has reversed the dismissal of a Fair Debt Collection Practices Act case, ruling that the disclosure of an individual’s Internal Reference Number — which included the first 10 characters of the individual’s street address — is sufficient for the individual to have suffered a concrete injury and … The post Appeals Court Reverses Dismissal of FDCPA Suit Over Use of Barcode on Envelope appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections Healthcare 246

Nerd Wallet

JULY 7, 2021

While the first electric vehicles were great for commuting, their limited range — about 100 miles on a charge — kept them close to home. Now a bumper crop of new electric cars, with bigger batteries and fast charging connectors, is headed for the market, allowing EV drivers to expand their horizons. “Once you see. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Loans 133

Account Recovery

JULY 7, 2021

A new law went into effect last week requiring anyone servicing student loans in Massachusetts to be licensed, and the definition of student loans as well as the types of companies required to be licensed are broader than one might expect. Under the law, which was enacted earlier this year, student loans are defined as … The post New Student Loan Licensing Law in Mass.

Student loans 246

Student loans Student Loans Loans 246

Nerd Wallet

JULY 7, 2021

So you want to travel on a budget. Who doesn’t? Yet it’s easy to get overwhelmed by all the cheap travel tips, hacks and strategies out there that promise unbelievable deals on airfare and hotels. In reality, there’s only one important tactic for traveling cheaply: being flexible with your travel dates, destination and plans. It. Sam Kemmis writes for NerdWallet.

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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

JULY 7, 2021

APPEALS COURT REVERSES DISMISSAL OF FDCPA SUIT OVER USE OF BARCODE ON ENVELOPE The Court of Appeals for the Third Circuit has reversed the dismissal of a Fair Debt Collection Practices Act case, ruling that the disclosure of an individual’s Internal Reference Number — which included the first 10 characters of the individual’s street address … The post Daily Digest – July 7.

Student loans 246

Student loans Student Loans Fair Debt Collection Loans 246

Account Recovery

JULY 7, 2021

The General Accountability Office has denied a protest from a collection agency that was not selected by the Internal Revenue Service for private debt collection services, ruling that the Treasury Department’s selection process was reasonable and that the agency’s plan to use an unproven call analytics program opened the IRS to complaints or incidents.

Collection Agencies 246

Collection Agencies Collections Agency Collections 246

Credit Corp

JULY 7, 2021

When your children are young, it can be impossible to imagine entrusting them with a credit card. Yet eventually, they’ll reach the age where they will need to make their own purchases without you. It could be a movie ticket, lunch with friends, or a few items on your grocery list, but the time will come when you will want your child to have his or her own credit card.

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Financial Institution Loans Banks 98

Account Recovery

JULY 7, 2021

A District Court judge in Maryland has granted a plaintiff’s motion to strike four of the five affirmative defenses put forth by a defendant in a Fair Credit Reporting Act and Fair Debt Collection Practices Act case — including the use of the Bona Fide Error defense — ruling that the use of the BFE … The post Judge Imposes Higher Standard on Defendant Using BFE Defense in FDCPA, FCRA Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 182

Fico Collections

JULY 7, 2021

Following the release of the FICO® Score 10 Suite for lenders in 2020, FICO has announced the general availability of industry-specific versions of FICO® Score 10 for U.S. auto lenders and credit card issuers. The industry-tailored scores in the FICO® Score 10 suite are now available from all three major U.S. credit bureaus. Developed using recent data, FICO® Bankcard Score 10 and FICO® Auto Score 10 reflects FICO’s practice of continual innovation to address market and data evolutions.

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Lender Retail Consumer Credit 98

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Collections

Jimerson Firm

JULY 7, 2021

On June 14, 2021, the Florida Legislature sent Senate Bill 630 to Governor DeSantis to be signed into law. Senate Bill 630 went into effect on July 1, 2021. Senate Bill 630 contains many changes to Chapters 718 and 720, Florida Statutes, which govern condominium and homeowners’ associations, respectively. Most of the changes in Senate Bill 630 are minor, clarifying the language of the existing statutes rather than substantively changing the law.

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Government Collections 98

Nerd Wallet

JULY 7, 2021

The merchant services industry is riddled with hidden fees and predatory contracts, but Payment Depot says they’re something of an exception. On their website, Payment Depot proclaims that merchants deserve better than payment processors that overcharge by using “confusing terms, high markups, and unnecessary fees.” To solve this issue, Payment Depot says they offer a unique.

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Credit Corp

JULY 7, 2021

You may get utility bills, department store sales, the occasional check, maybe a birthday card, through your mail slot. Have you also been receiving multitudes of pre-selected credit card offers in the mail? What are those and why are you getting them? Let’s check it out. Pre-Qualified Credit Card Offers. A pre-qualified credit card offer is when a credit card issuer prescreens your credit profile and feels it is fit to be approved for their credit card.

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Banks Creditors 98

Nerd Wallet

JULY 7, 2021

A pandemic-fueled boom in crowdfunding has small businesses flocking to capital-raising platforms that experts say could help many companies get back to normal — as long as small-business owners are able to launch effective campaigns. Regulation crowdfunding, in which companies raise capital from investors via government-monitored online platforms, has mushroomed in the last two years, Tina Orem writes for NerdWallet.

Government 93

Government Loans 93

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

JULY 7, 2021

A recent case before bankruptcy judge Karen B. Owens of the United States Bankruptcy Court for the District of Delaware, In re Dura Auto. Sys., LLC , No. 19-12378 (KBO), 2021 WL 2456944 (Bankr. D. Del. June 16, 2021), provides a cautionary reminder that the Third Circuit does not recognize the doctrine of implied assumption (i.e., assumptions implied through a course of conduct as opposed to those that are assumed pursuant to a motion and court order).

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Bankruptcy Creditors 65

Nerd Wallet

JULY 7, 2021

Your small business HR resources—whether they’re in-house or outsourced—likely handle everything from recruitment and hiring to payroll and benefits. And the process of reviewing and hiring new employees can be especially nerve-wracking, just as much so for you as it is for the candidates themselves: How can you be as certain as possible that these.

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Credit Corp

JULY 7, 2021

Sure, credit-scoring models are complicated (all that algorithm-ing and such). But, when you get right down to it, the secret sauce to building good credit is actually pretty straightforward: Take a whole bunch of on-time loan payments, keep a pinch of debt, stir in some new accounts, and let the thing bake. Seriously — building and rebuilding credit takes some time.

Student loans 59

Student loans Student Loans Loans Credit Bureau 59

Nerd Wallet

JULY 7, 2021

Until recently, the Weebly vs. Shopify comparison was easy to dissect. Shopify was the clear choice for serious ecommerce sellers and Weebly was ideal for those needing simple websites for local businesses, services, and small-volume online sales. However, the Weebly vs. Shopify gap has narrowed dramatically and both now serve all types of ecommerce businesses.

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Collections

Credit Corp

JULY 7, 2021

Thousands of people change their names each year, often as a result of marriage or divorce, and less frequently, just for fun. In fact, one man, armed with $50 and a written deed poll application, secured the moniker Bacon Double Cheeseburger in the United Kingdom. Although Mr. Cheeseburger may be perfectly satisfied with his colorful designation, he and others can experience some bumps after a name change.

Debt Consolidation 52

Debt Consolidation Credit Card Debt Lender Government 52

Nerd Wallet

JULY 7, 2021

Dealing with money can be overwhelming. Embrace the complexity by committing to an understanding of one facet at a time. Master that, then move on. Personal finance can be thought of as occurring in four major stages: 1) Making money. 2) Saving money. 3) Building wealth. 4) Protecting assets. These missions can overlap throughout your. NerdWallet writes for NerdWallet.

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Burr Forman

JULY 7, 2021

On August 31, 2021, a new final rule amending Regulation X’s mortgage servicing rules for borrowers experiencing hardship due to COVID-19 will take effect. The Consumer Financial Protection Bureau (“CFPB”) hopes that these provisions will prevent a new foreclosure crisis when the majority of existing foreclosure moratoria implemented by state and federal governments expire over the course of this summer.

Foreclosure 52

Foreclosure Accrued Interest Loans Lender 52

Nerd Wallet

JULY 7, 2021

Emerging from a global pandemic has been a weird mix of realizing that though not much has changed, a lot feels different. Perhaps nothing more so than travel. We can probably all agree that last year was an anomaly. In travel, demand was so low that airline and hotel room prices plummeted. In response, travel. Meghan Coyle writes for NerdWallet. Email: mcoyle@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.

Troutman Sanders

JULY 7, 2021

On July 1, the Consumer Financial Protection Bureau (CFPB or Bureau) released a FCRA Tenant Screening Enforcement Compliance Bulletin , outlining its enforcement focus areas as the country transitions to a post-pandemic rental market. The Bureau states that it “intends to look carefully at the accuracy and dispute-handling practices of [consumer reporting agencies “CRAs”] that report rental information, including whether their procedures to match information to consumers are reasonable; whether

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Nerd Wallet

JULY 7, 2021

If you prefer low-hassle cash-back credit rewards, you’ll be hard-pressed to do any better than the Wells Fargo Active Cash? Card or the Citi® Double Cash Card – 18 month BT offer. These two cash-back cards both carry an annual fee of $0 and effectively offer an unlimited 2% cash back, although the Citi card expresses. Gregory Karp writes for NerdWallet.

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Burr Forman

JULY 7, 2021

On August 31, 2021, a new final rule amending Regulation X’s mortgage servicing rules for borrowers experiencing hardship due to COVID-19 will take effect. The Consumer Financial Protection Bureau (“CFPB”) hopes that these provisions will prevent a new foreclosure crisis when the majority of existing foreclosure moratoria implemented by state and federal governments expire over the course of this summer.

Foreclosure 52

Foreclosure Accrued Interest Loans Lender 52

Nerd Wallet

JULY 7, 2021

Restaurant and bar owners have very specific needs when it comes to running their businesses and the point of sale systems they use are no exception to that. It only makes sense that a POS system specifically designed for your restaurant or bar’s needs would be a great fit for keeping things running smoothly. You. Nina Godlewski writes for NerdWallet.

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Credit Unions