Account Recovery

SEPTEMBER 9, 2020

A number of debt collection companies, alleged to have been operating as one common enterprise, along with the principals and managers of the companies have been sued by the Attorney General of New York and the Consumer Financial Protection Bureau, for allegedly violating the Fair Debt Collection Practices Act, the Consumer Financial Protection Act, and … The post CFPB, NY AG Sue Alleged Collection Scammers appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Collection Companies 211

Credit Corp

SEPTEMBER 9, 2020

Total Venmo payments rose from $6.8 billion in the first quarter of 2017 to $31 billion in the first quarter of 2020. That’s more than a 350% increase for the rising P2P payment app. P2P stands for person-to-person, and payment apps like Venmo specialize in this niche. With Venmo, you can easily pay people back for yesterday’s coffee, split bills in restaurants or front someone the cost of an Uber ride home.

Credit Unions 102

Credit Unions Credit Unions Banks Loans 102

Account Recovery

SEPTEMBER 9, 2020

Hours after it was announced that it was being sued by the Consumer Financial Protection Bureau for violating the terms of a consent order that was entered into in 2015, Encore Capital Group released the following statement: “Encore is built on a foundation of treating our consumers fairly and respectfully,” said Greg Call, the Company’s … The post Encore Capital Releases Statement in Response to CFPB Suit appeared first on AccountsRecovery.net.

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Better Credit Blog

SEPTEMBER 9, 2020

If you have been contacted by Sunrise Credit Services, you are probably being pursued for an old debt. Sunrise Credit Services is a debt collector that has been hired by your old creditor to collect payment on your debt. They may also have purchased the debt to profit off your payments. Either way, they are legally able to collect the debt because they have opened a collections account on your credit report.

Debt collector 101

Debt collector Collections Loans Creditors 101

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

SEPTEMBER 9, 2020

A District Court judge in Massachusetts has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Credit Reporting Act because it included “extraneous” information on a background check disclosure form, ruling that the plaintiff never alleged that the information “caused any actual confusion.” A copy of the ruling in … The post Judge Grants MTD in FCRA Case Over Background Check Disclosure appeared first on AccountsRecovery

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Account Recovery

SEPTEMBER 9, 2020

CFPB SUES ENCORE, SUBSIDIARIES, FOR VIOLATING TERMS OF 2015 CONSENT ORDER The Consumer Financial Protection Bureau yesterday filed a lawsuit against Encore Capital Group, Inc. and its subsidiaries, Midland Funding, LLC, Midland Credit Management, Inc., and Asset Acceptance Capital Corp., accusing the companies of violating the terms of a 2015 consent order by suing consumers … The post Daily Digest – September 9.

Credit Management 147

Credit Management 147

Nerd Wallet

SEPTEMBER 9, 2020

NerdWallet’s CD calculator shows what you can earn with a CD, a type of savings account you leave untouched for months or years. Like regular savings accounts, CDs are safe because they are federally insured. Use the CD calculator below to see total interest, or, if you’re looking for the best CD rates, skip ahead in. Spencer Tierney is a writer at NerdWallet.

Banks 77

Banks 77

Luftman, Heck & Associates.

SEPTEMBER 9, 2020

Deciding whether or not to file for bankruptcy is a struggle for many. The idea of getting all your debts eliminated is appealing, but, bankruptcy makes people nervous. Chapter 7 bankruptcy in particular can be intimidating because many people believe it will ruin your credit forever. And while any bankruptcy affects your credit, you may find Chapter 7 gives you a new beginning, rather than an ending.

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Chapter 7 bankruptcy Bankruptcy 72

Nerd Wallet

SEPTEMBER 9, 2020

Students watching the COVID-19 pandemic play out have reason to be wary of taking on additional loans for college. With what could be a slow economic recovery, signing up for an additional bill that comes each month, no matter what, might sound like a bad idea. Federal student loan payments are currently paused. But those. Cecilia Clark is a writer at NerdWallet.

Student loans 66

Student loans Student Loans Loans 66

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Collections

Brown and Joseph

SEPTEMBER 9, 2020

Recently cybercriminals have begun to use legitimate programs in order to scam consumers and steal their information. These scammers use emails or text messages to… The post How to Identify & Avoid Phishing Scams appeared first on Brown & Joseph, LLC.

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Nerd Wallet

SEPTEMBER 9, 2020

Bank of America interest rates are lower than what you can find at other banks. Its Advantage Savings account has a 0.01% annual percentage yield, or APY. There are slightly better rates available for customers enrolled in the bank’s Preferred Rewards program. While Bank of America’s overall star rating is 3.5 out of 5 stars, the. Margarette Burnette is a writer at NerdWallet.

Banks 61

Banks 61

TCPA

SEPTEMBER 9, 2020

Last Friday, Facebook and the United States government filed briefs in Facebook, Inc. v. Duguid, the Supreme Court case that promises to resolve the growing circuit split over the interpretation of the definition of an ATDS.

Government 59

Government 59

Nerd Wallet

SEPTEMBER 9, 2020

I’ve been a big collector of Chase Ultimate Rewards points for a few years now, and although I possess over a half dozen different travel rewards credit cards, the Ink Business Preferred® Credit Card is one of the go-to cards in my lineup. A high sign-up bonus, combined with versatile bonus spending categories and a low. Alex Cramer is a writer at 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

Debt RR

SEPTEMBER 9, 2020

The settlement of debts acquired by either another company or an individual is one of the most common challenges that businesses experience. Collecting debts is time-consuming, especially if the debtor refuses to cooperate. Due to the frustration they encounter when collecting debts, they may resort to outsourcing the debt collection process to a collection agency for small businesses.

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Collection Agencies Collections Agency Collections Debt collector 63

Nerd Wallet

SEPTEMBER 9, 2020

Medicare Part D is an optional program that covers prescription drugs, with federally approved plans offered by private insurers. Most recipients pay a monthly premium that varies by plan, plus co-pays and other potential costs. Introduced in 2006, Part D is Medicare’s most recent addition. The program is designed primarily for those enrolled in Original.

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Better Credit Blog

SEPTEMBER 9, 2020

Have you noticed a company called Phoenix Financial Services on your credit report? If you have, this has probably been accompanied by calls from them to collect on a debt. You probably have also had a drop in your credit score. This is because collection accounts on your credit report can have a significant impact on your score for up to seven years.

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Financial services Debt collector Collection Agencies Collections Agency 52

Nerd Wallet

SEPTEMBER 9, 2020

ANA Mileage Club is the loyalty program of All Nippon Airways, which is based in Tokyo. The airline is a member of the Star Alliance — a collection of 26 airline partners including United Airlines, Air Canada and other carriers reaching nearly every corner of the globe. This means ANA miles can be used to. Michael McHugh is a writer at NerdWallet. Email: travel@nerdwallet.com.

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Collections 53

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Collections

FFGN COLLECT NY

SEPTEMBER 9, 2020

You completed your end of the deal but when it came time to pay your customer did not. After repeated invoicing, the customer finally offers to settle the balance due in writing but does not pay. Now that you are enforcing your right to collect and pursuing “legal” options , the debtor has changed their tune. Your non-paying client is now defending the debt collection case you brought against them.

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Collections Debtor 52

Nerd Wallet

SEPTEMBER 9, 2020

What is Poshmark? Poshmark is an online marketplace and social community for clothing, shoes and fashion accessories. Think of it as Instagram for your closet. Users can follow one another, scroll through a shoppable feed and “like” and comment on posts. Poshmark operates as a website and app. With tens of millions of users, Poshmark. Lauren Schwahn is a writer at NerdWallet.

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Better Credit Blog

SEPTEMBER 9, 2020

Has LCA Collections recently appeared on your credit report recently? LCA Collections is a debt collection agency that specializes in medical debt. If you forgot to pay a bill from a doctor’s visit or a trip to the hospital, it could damage your credit score for several years. While you might think that going online to pay LCA the amount you owe is the best strategy, doing so could hurt your score more than help it.

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Collections Debt collector Collection Agencies Collections Agency 52

Nerd Wallet

SEPTEMBER 9, 2020

The Hilton Honors loyalty program allows families and friends to combine points without incurring fees. Program members can do this in one of two simple ways: By making member-to-member transfers or by creating a larger points pool. This is a great perk for many types of Hilton Honors members, including those who like to borrow. Paul Rubio is a writer at NerdWallet.

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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.

CSA

SEPTEMBER 9, 2020

Job Title: Sales Administrator Responsible to: Head of Sales Terms: Full time, permanent Location: Newcastle upon Tyne The position is office based, however some remote homeworking may be required during Covid-19 situation About the Organisation. Based in Newcastle upon Tyne, the Credit Services Association (CSA) is the only National Trade Association in the UK for organisations active in the debt collection and purchase industry.

Trade 52

Trade Education Collections Financial services 52

Debt RR

SEPTEMBER 9, 2020

The sale of goods on credit plays an important role in the effective functioning as well as the long-term financial health of any business enterprise. Typically, credit sales form a significant chunk of a company’s total turnover as compared to cash sales. Through credit facilities, a company can induce buyers to purchase higher quantities and thereby achieve economies of scale.

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Debtor Bankruptcy Creditworthiness Debt Recovery 40

Debt RR

SEPTEMBER 9, 2020

Poor financial practices are among the leading reasons approximately 82% of businesses fail within the first five years. A company may have adequate capital, good sales volumes, and profit margins, but if most of its sales are on credit, it can be set up to fail. If your business is dealing with cash flow problems due to credit buyers, you don’t have to wait until it is too late.

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Collections Debtor Fair Debt Collection Debt Recovery 40