Tue.May 24, 2022

PRA Group President and CEO Honored with Community Builders Award

Account Recovery

NORFOLK, Va., May 20, 2022 /PRNewswire/ — Kevin Stevenson, president and CEO of PRA Group, Inc.,

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PDCflow QR Codes: Faster, Simpler, More Successful Customer-Initiated Payments

PDC Flow

Ogden, Utah – PDCflow announces the recent release of QR code payment portal links and Flow requests.

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Daily Digest – May 24. Scammers Banned from Industry, to Pay $4M in Fines; Judge Grants MTD in FDCPA Class Action

Account Recovery

New Laws, Lenders Boost Access to Affordable Small Loans

Nerd Wallet

Inflation has come down especially hard on people already struggling to put gas in their tanks and groceries in their refrigerators. For many, a payday loan may seem like the only way to get necessary cash.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Judge Grants MTD in FDCPA Case Over Identity Theft Letter

Account Recovery

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a class-action Fair Debt Collection Practices Act lawsuit over a letter that was sent to the plaintiff providing information about how to file an identity theft claim. A copy of the ruling in the case of Ozturk v.

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California Licenses ‘Unavoidably Delayed’ Thanks to Need for Changes to Background Checks: DFPI

Account Recovery

The California Department of Financial Protection and Innovation sent out an update yesterday, announcing that the issuance of licenses to companies that applied for debt collection licenses has been “unavoidably delayed” because of changes that need to be made when requesting federal background checks.

What Credit Cards Can Get Me Into Chase Lounges?

Nerd Wallet

Tired of sitting at the airport gate with everyone else? We don’t blame you — from limited seating and crying babies to overpriced food and drinks, the main airport can be a buzzkill. Chase has realized this and promised to open a handful of airport lounges around the world.

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Scammers Banned from Industry, to Pay $4M in Fines After Being Sued by CFPB, NY AG

Account Recovery

Low Interest Rates, High Inflation Impact How Americans Save

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Latest Episode of ‘The Narrative’ Breaks Down CFPB Report on Medical Debt Complaints

Account Recovery

The increased focus and attention being paid to medical debts these days by state and federal regulators and lawmakers is changing how this type of debt is being collected, and those changes might be permanent, Leslie Bender and John Bedard discuss on the latest episode of “The Narrative.”

How to Get Cheap Flights on Alaska Airlines

Nerd Wallet

Whether you’re an Alaska Airlines elite loyalty member or flying the airline for a single flight, there are some ways that you can save money flying on Alaska. There are a few strategies to save, including searching other travel dates, using credit card benefits or by buying certain fare classes.

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S2632 Creates Changes in Confessions of Judgment Rules Related to Financial Services

FFGN COLLECT NY

Confessions of judgment may no longer be permitted as part of the necessary documents when buying or selling financial services or products to consumers in New York.

Is Vrbo Legit?

Nerd Wallet

Depending on your travel style, family size and destination, you might opt in for a vacation rental property instead of a hotel. More often than not, you’ll have access to a kitchen, more shared space and possibly a lower price.

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Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Former Student Falsely Accused of Sexual Misconduct Wins $5.3 Million Jury Award for Defamation and Civil Conspiracy

Fraser

A jury in South Carolina awarded a former Clemson University student $5.3 million in connection with defamation and civil conspiracy claims he brought against three individuals stemming from false allegations of sexual misconduct.

Burr & Forman Successfully Represents Qui Tam Plaintiff in Fraudulent Billing Case

Burr Forman

Andrew Melling, a Burr & Forman Partner in the firm’s Columbia, South Carolina office, has successfully represented a qui tam plaintiff in a Federal False Claims Act case that saw VirtoOx, Inc., a Medicare approved Independent Diagnostic Testing Facility, agree to pay $3,150,000.00

Technology in Collection: 21 Must-Know Buzzwords

True Accord

Your Guide to Key Terms for Today’s Debt Recovery Strategy. Reaching consumers today requires a more sophisticated process than simply dialing the phone or sending a generic email, especially when it comes to debt recovery and collection.

Americans Concerned About Economic Cost of Russian Sanctions, Poll Shows

NACM

Americans are becoming less concerned about punishing Russia for invading Ukraine and more concerned about the cost those sanctions are having on the economy, according to a poll from The Associated Press-NORC Center for Publish Affairs Research.More than half (51%) of U.S.

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Variety of online payment options no longer the solution for businesses to encourage customers to pay

On Guard

Systems that do not work properly are a major source of frustration. Amsterdam, 24 May 2022 – To ensure that customers make payments, 42% of finance professionals deployed a range of payment options in 2019. Over the years, this has proven not to be the solution for non-paying customers.

Environmental Solutions Using Analytics

Fico Collections

How does environment affect you in your job? You might ask the question; how do environmental issues impact you in your job? You might be in the risk part of the business or collections. Or you might be dealing with customer servicing or digital engagement. So how does this connect with you?

Supreme Court Holds No Prejudice Necessary to Find Arbitration Waiver

Troutman Sanders

In a unanimous decision, the Supreme Court has rejected the rule that a party’s conduct inconsistent with the right to arbitrate will constitute a waiver of that right only if the opposing party was prejudiced by the conduct. In Morgan v. Sundance, Inc.

What Are The Common Problems Faced by the Debt Collection Agents?

Taurus Collect

Time and money are the most critical elements that keep any business up and going. Thus, timely debt collection is crucial for every business. It enables you to improve your company’s cash flow, allowing businesses to reduce the risk of incurring losses and free up their resources.

California DFPI Proposes Extensive Rules Relating to Companies’ Responses to Consumer Complaints

Troutman Sanders

On May 20, California’s Department of Financial Protection and Innovation (DFPI or Department) announced that it had filed a Notice of Proposed Rulemaking with the Office of Administrative Law, inviting public comments on the proposed rulemaking.

CSA Crowned Lincolnshire Apprenticeship Training Provider Champion

CSA

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industry, has been recognised at the Lincolnshire Apprenticeship Champion Awards 2022. CSA were winners of the Training Provider award, having been nominated by Lincolnshire Trading Standards for its compliance and risk training.

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Clearview and ACLU Reach Settlement to Limit Access to Photo Database

Troutman Sanders

On May 9, Clearview AI (Clearview) and the American Civil Liberties Union (ACLU) reached a settlement whereby Clearview agreed to a nationwide injunction blocking many private entities, and some public entities, from accessing its database of face prints.

Connecticut Issues Cease and Desist Against Lead Generator

Troutman Sanders

On May 4, the Connecticut Banking Commissioner issued a temporary order to cease and desist and order to make restitution against lead generator SoLo Funds Inc.

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