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JUDGE GRANTS MTD IN FDCPA CASE INVOLVING HUNSTEIN CLAIM A District Court judge in New York has granted a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to file claims that the defendant violated the statute’s third-party disclosure provisions by using a third party to print … The post Daily Digest – July 12.
People without cryptocurrency may view the crypto market’s 2022 upheaval with a cursory glance — they have no skin in the game. But many Americans are invested in crypto, according to a new NerdWallet survey, and misunderstandings about their investments could be detrimental when things are volatile. An estimated 64 million Americans owned cryptocurrency, according.
Acknowledging that it takes more than lawyers and examiners these days to keep tabs on the financial services industry, the Consumer Financial Protection Bureau has announced an initiative where it plans to hire 25 technologists to join the agency, who will be tasked with supporting the CFPB’s efforts to uncover misconduct and unlawful activities.
Hilton Diamond status is Hilton’s top-tier status in its loyalty program, Hilton Honors. While there are several benefits, you might still be asking yourself, “Is Hilton Diamond status worth it?” This guide will tell you all you need to know about Hilton’s top-tier status to help you decide if Hilton Honors Diamond Status is right. Josh Garber writes for NerdWallet.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
An organization seeking to put a measure on the ballot in Arizona this November that would increase the amounts that consumers can shield from garnishments to pay medical debts while also lowering the judgment interest rate on medical debt turned in twice as many signatures as needed last week, and is “likely” headed to the … The post Arizona Medical Debt Collection Initiative Likely Heading to Ballot for November Election appeared first on AccountsRecovery.net.
Courts generally show a pattern of skepticism toward force majeure and frustration of purpose arguments stemming from the Covid-19 pandemic. Here’s what businesses need to know to protect themselves. Definitions. First, we need to get our terminology straight. Frustration of purpose and force majeure, while related concepts, are distinct in some important ways.
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Courts generally show a pattern of skepticism toward force majeure and frustration of purpose arguments stemming from the Covid-19 pandemic. Here’s what businesses need to know to protect themselves. Definitions. First, we need to get our terminology straight. Frustration of purpose and force majeure, while related concepts, are distinct in some important ways.
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Collector of Violating Reg F, FDCPA For Not Deleting Disputed Tradeline appeared first on AccountsRecovery.ne
World of Hyatt elite status members love their suite upgrades, and while many hotels will offer a complimentary, space-available upgrade upon arrival, there is another path to a better room. Some elite members can earn suite upgrades that they can apply in advance, giving them a better shot at an upgrade. It’s important to understand. Ramsey Qubein writes for NerdWallet.
A District Court judge in New York has granted a defendant’s motion to dismiss in a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to file claims that the defendant violated the statute’s third-party disclosure provisions by using a third party to print and mail a collection letter. A copy of the … The post Judge Grants MTD in FDCPA Case Involving Hunstein Claim appeared first on AccountsRecovery.net.
The Chase Freedom Flex? isn’t necessarily the easiest credit card to manage, but it offers great rewards for those willing to put in a little work. The card earns 5% cash back in categories that change every three months. You have to “activate” the categories each time in order to qualify for the 5% rewards. Paul Soucy writes for NerdWallet. Email: paul@nerdwallet.com.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
The scourge of late payment is affecting Self Employed workers and Freelancers across the UK according to one source. The average amount owed to self employed freelancers has risen to £5,230 in 2022. Andy Chamberlain of The Association of Independent Professionals and the Self Employed ( IPSE ) has highlighted that the problem is bigger than ever today and worsening.
When Hyatt loyalists travel, they may compare Hyatt House to Hyatt Regency to decide where to stay. Each brand within the World of Hyatt family caters to a different audience. Here’s how to tell which of these Hyatt brands is right for your next trip. Major differences between Hyatt House and Hyatt Regency Although both. Lee Huffman writes for NerdWallet.
Assistant Director of Servicemember Affairs James S. Rice's statement before the House Committee on Oversight and Reform Subcommittee on National Security.
If you’re a frequent shopper at Athleta and its sibling brands under the Gap Inc. corporate umbrella, the Athleta Rewards Mastercard® Credit Card might be a stylish addition to your wallet and your wardrobe. This $0-annual-fee card earns the equivalent of 5% rewards at Athleta and affiliated brands, plus 1% on purchases anywhere else Mastercard. Jae Bratton writes for NerdWallet.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
In response to your demand for payment, you were advised that the court appointed a receiver. What is a receiver, how are they appointed, and what effect do they have on your debt collection claim? Receivers are court-appointed individuals who assist in a variety of situations. Receivers are common in mortgage foreclosure scenarios when a lender forecloses on a property.
Late payments are an inevitable part of small businesses. However, by having the right business and payment terms by your side along with the assistance of a well-experienced debt recovery agency , you can ensure to receive quick payments. Therefore, always clearly and concisely specify your business terms to leave no excuse for slow payers and non-payers.
With more than 20 million consumer accounts serviced through intelligent, digital-first collections products, results show better repayment and happier customers than “call to collect” agencies. LENEXA, Kan., July 12, 2022 — TrueAccord Corp , a debt collection company using machine learning-powered digital recovery solutions, today announced that it has served more than 20 million customers in debt with a digital-first experience.
Source: site. The U.S. Court of Appeals for the Eleventh Circuit recently held that periodic statements required by the federal Truth in Lending Act may violate the federal Fair Debt Collection Practices Act if they are not truthful and fair. A copy of the opinion in Lamirand, et al v. Fay Servicing, LLC is available at: Link to Opinion. The appeal arose from a lawsuit brought by two Florida homeowners (“Debtors”) against their home loan servicer (“Servicer”) for alleged violations of the FD
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
President Joe Biden and Mexican President Andrés Manuel López Obrador met earlier today to discuss immigration, trade relations and the war in Ukraine. The meeting comes after Obrador skipped the Summit of the Americas following the U.S. decision not to invite leaders from Cuba, Nicaragua and Venezuela. Despite recent tensions between both cou.
Source: site. The Consumer Financial Protection Bureau (CFPB) has issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act (FCRA). The CFPB’s new ruling clarifies that reporting companies and users of credit reports have specific obligations to protect the public’s data privacy.
Source: site. NEW YORK (Reuters) – Second quarter profits at big U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession. Analysts expect JPMorgan Chase & Co will report a 25% drop in profit on Thursday, while Citigroup Inc and Wells Fargo & Co will show 38% and 42% profit declines, respectively on Friday, according to Refinitiv I/B/E/S data.
Source: site. . A Miami payday loan business must pay more than $39 million to hundreds of Venezuelan Americans in South Florida who lost a chunk of their money after investing in the company, according to a federal judge’s order. Sky Group USA, LLC, agreed to the final judgment with the Securities and Exchange Commission without admitting or denying violations of federal laws.
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Source: site. Discussion about whether President Biden will forgive $10,000 in student loans for all borrowers dominates headlines. But behind the scenes, Biden’s Department of Education has canceled tens of billions of dollars by turbocharging existing loan forgiveness programs. A set of proposed regulations released on Wednesday would expand those avenues for forgiveness even further.
Source: site. On Wednesday, the Biden administration announced it was proposing new regulations for student loans owned by the Department of Education. The proposed rules call for an $85 billion expansion of existing federal student loan forgiveness programs. They would expand eligibility for programs created under Presidents George W. Bush and Barack Obama and end the capitalization of interest on federal student loans in some circumstances.
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