Account Recovery

NOVEMBER 24, 2021

Consumers continued to appear to have opposing reactions to their interactions with companies in the accounts receivable management industry in October, with fewer consumers complaining to the Consumer Financial Protection Bureau, but more consumers filing lawsuits, according to data released yesterday by WebRecon. WebRecon did note that the number of complaints filed by consumers with … The post Complaints Drop, But Lawsuits Rise in October: WebRecon appeared first on AccountsRecovery.net

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Accounts Receivables Management 246

Nerd Wallet

NOVEMBER 24, 2021

Air travel during the holidays typically incurs no shortage of lines. Throw in the range of COVID-19 impacts — including more travelers hoping to make up for the past years of lost travel — plus ongoing staff shortages, and you can expect lines to be plentiful. In fact, about 3 in 10 Americans who say they didn’t travel. Sally French writes for NerdWallet.

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Account Recovery

NOVEMBER 24, 2021

The Attorney General of New York announced yesterday a settlement with three debt collection companies owned by Andrew Fanelli that will permanently ban them from any future debt collection activities while also paying $1.2 million in fines and restitution to individuals impacted by the collectors’ tactics. A copy of the Assurance of Discontinuance between the … The post Collection Operations Banned From Industry, to Pay $1.2M in Fines appeared first on AccountsRecovery.net.

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Collections Collection Companies 246

Nerd Wallet

NOVEMBER 24, 2021

Authorize.net is a go-to payment gateway provider that handles more than 1 billion transactions annually, has transparent pricing and offers 24/7 customer support. With Authorize.net, businesses can accept all major credit and debit cards, Apple Pay, PayPal and electronic checks. The gateway supports online payments, as well as in-person payments (through a compatible point-of-sale terminal or.

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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

NOVEMBER 24, 2021

ELEVENTH CIRCUIT ANNOUNCES DATE, TOPIC FOR HUNSTEIN REHEARING The battle lines have been drawn. When it hears arguments in Hunstein v. Preferred Management & Collections — during the week of February 21, 2022 — the Eleventh Circuit Court of Appeals wants to hear from both sides on whether the plaintiff actually has standing to bring his lawsuit … The post Daily Digest – November 24.

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Collections 246

Account Recovery

NOVEMBER 24, 2021

In a lot of what’s included in Regulation F, the Consumer Financial Protection Bureau gave debt collectors options, such as what to say in the Limited-Content Message or what to include in the Model Validation Notice. While there are components of each that are required, collectors are given the opportunity to include other information, should … The post Bedard Breaks Down How Collectors Must Send Disclosures Under Regulation F appeared first on AccountsRecovery.net.

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Debt collector 245

UK debt collections

NOVEMBER 24, 2021

In the latest HMRC update, overdue debt increased to £58 billion – a record-breaking level of debt. Sushil Patel, Director of Restructuring Advisory at Kroll, has explained how this may impact the collection of debt in a period of financial recovery for the UK. In the 13 years prior to the 2020-21 financial year, HMRC’s overdue debt averaged £18.1 billion, peaking in 2008/09 following the financial crisis, where the debt level approached £26 billion.

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Collections Government Trade 82

Account Recovery

NOVEMBER 24, 2021

Jacksonville, FL — Frontline Asset Strategies (“FAST”), a professional collection agency located in Roseville, MN, and Jacksonville, FL, participated in October’s Breast Cancer Awareness Month. On Friday, October 22nd, the “FAST Team” donned their pink to spread awareness and then banded together on Saturday, October 23rd, both in-person and remote, to participate in the Susan … The post Frontline Asset Strategies Participates in Breast Cancer Awareness & Susan G.

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Collection Agencies Collections Agency Collections 243

Nerd Wallet

NOVEMBER 24, 2021

If you skipped holiday travel last year (or haven’t traveled at all during the pandemic), your travel skills might be rusty. Plus, some travel etiquette has changed. Recent history indicates that this holiday travel season will be challenging, as evidenced by chaos seen over this year’s holiday and summer weekends. More than 2,800 Spirit Airlines. Sally French writes for NerdWallet.

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Collections

Better Credit Blog

NOVEMBER 24, 2021

Ironically, even when a credit card issuer checks your credit history and approves you, your credit score still drops by a few points. This is because they’ve had to run a hard credit check or inquiry so they could see your full credit history. Every hard check results in a small deduction of points from your score. So, after receiving a new credit card, you could go back to check your score and find it’s lower than before.

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Lender Loans Student loans Student Loans 75

Nerd Wallet

NOVEMBER 24, 2021

It’s that time of year when retailers seem to join forces to plant a message in shoppers’ minds: “Buy Stuff on Black Friday, or You Are a Fool.” They transmit this message in loud TV commercials, targeted social media ads and promotional emails you don’t remember subscribing to. But you are no fool. And you. Laura McMullen writes for NerdWallet. Email: lmcmullen@nerdwallet.com.

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Retail 76

Fraser

NOVEMBER 24, 2021

A last will and testament and a living trust are two of the most common estate planning methods. A living trust is attractive for many because it provides for an efficient and effective disposition of assets to loved ones, and unlike a will a living trust avoids probate court. Once a trust is established it must be funded. Funding a trust is the process of transferring ownership of assets from the individual(s) who established the trust to the trustee of the trust, which involves titling assets

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Lawyers Government 65

Nerd Wallet

NOVEMBER 24, 2021

President Joe Biden is taking steps to wrestle down gas prices, which were nearly 60% higher in October 2021 than they were the same month a year ago. This week, he announced that the Energy Department would release 50 million barrels of oil from the country’s Strategic Petroleum Reserve to increase supply. Last month, the. Sally French 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

Direct Recovery

NOVEMBER 24, 2021

According to recent data published by Truth in Accounting , the state of California is currently carrying more than $20,000 in debt for each taxpayer. With the Golden State being one of the largest and most populous states in the country, along with its notorious reputation for high taxes, it’s not hard to see why this is such a shocking statistic.

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Bankruptcy Collections 52

Sawin & Shea

NOVEMBER 24, 2021

If you are facing overwhelming debt, you may feel like you’re drowning and have no options. However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them.

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Bankruptcy Garnishment Repossession Foreclosure 52

FFGN COLLECT NY

NOVEMBER 24, 2021

There are a number of new developments in New York State legislation that will change New York debt collection law and likely impact your receivables and collection claims, and ultimately your bottom line. In November, New York Governor Kathy Hochul signed the Consumer Fairness Act , which takes effect on May 22, 2022, six months after the bill was signed into law.

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Third-party Debt Collectors Collections Debtor Debt collector 52

Sawin & Shea

NOVEMBER 24, 2021

If you are facing overwhelming debt, you may feel like you’re drowning and have no options. However, though bankruptcy can seem scary, it is an option and one that can genuinely help you get back on your feet. There are benefits when you file for bankruptcy that protect you. Many people worry that bankruptcy will simply delay the inevitable, such as a lawsuit, wage garnishment, or a foreclosure, and that their creditors will still come after them.

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Bankruptcy Garnishment Repossession Foreclosure 52

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Collections

Fico Collections

NOVEMBER 24, 2021

The 2022 Chartis RiskTech100® Report is live, and I am proud to announce that FICO ranked 6th overall in the annual report and was named the category winner for: Innovation (5th consecutive year). Artificial Intelligence Applications. Financial Crime – Enterprise Fraud. Retail Credit Analytics. What a way to wrap the year! We are honored to be included and congratulate all the organizations who were also recognized.

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Financial Institution Retail 52

Burr Forman

NOVEMBER 24, 2021

With employers across the country monitoring the conversation around supposedly expanding unionization activities and American workers going on strike, Marcel Debruge was included in The Wall Street Journal’s Current Features video series on November 23, 2021, providing perspective on the state of employee protections in today’s legal landscape. While some might portray the recent trends in workforce strikes and unionization as a major issue in the American workplace, work stoppages are actually

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Fico Collections

NOVEMBER 24, 2021

New research shows that when it comes to opening a new online account, most customers are prepared to answer up to 10 questions. Any more and over half (+50%) simply abandon the process. We polled opinion among 14,000 consumers across the globe, to gauge their attitudes and preferences towards online account opening. It’s clear we’re an impatient lot and a trend that’s likely to continue, with nearly one in five (~20%) indicating they would be just as likely to drop out at five or more questions

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Loans 52

NACM

NOVEMBER 24, 2021

Another factor will soon further complicate the global supply chain crisis and international trade—new harmonized system numbers (known as HS codes). HS codes are the global standard for classifying goods in international trade. Starting Jan. 1, more than 350 global HS codes will be updates and roughly 1,500 U.S. tariff codes will also be chan.

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Trade 5

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.