Fri.Jul 29, 2022

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Complaint Accuses Collector of Incorrectly Noting Account was Disputed

Account Recovery

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 Incorrectly Noting Account was Disputed appeared first on AccountsRecovery.net.

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Rescue Your Cash Flow with Accounts Receivable Management

Enterprise Recovery

In simple terms, accounts receivable management is the means for collecting money that is owed after extending credit for or agreeing to provide goods and services. During downturns in the economy or when otherwise strapped for cash, businesses typically have working capital trapped in receivables that are unpaid or not paid on time. Use these tips to rescue your business cash flow with accounts receivable management.

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Daily Digest – July 29. Complaint Accuses Collector of Noting Account was Disputed; Financial Situation Getting Worse for Consumers

Account Recovery

COMPLAINT ACCUSES COLLECTOR OF INCORRECTLY NOTING ACCOUNT WAS DISPUTED A complaint has been filed in federal court in the District Court for the Eastern District of California, accusing a collector of violating the Fair Debt Collection Practices Act by allegedly incorrectly marking an account as disputed after receiving a letter from the plaintiff. This content … The post Daily Digest – July 29.

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Can Job-Hopping Help Retirement Savings?

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. Millennials have been coined the “job-hopping generation,” and I’ve contributed to that stereotype. I started my career at 22.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Appeals Court Vacates Certification, Settlement in TCPA Case

Account Recovery

The Court of Appeals for the Eleventh Circuit has vacated a lower court’s approval of class certification in a Telephone Consumer Protection Act case, ruling that some of the named plaintiffs in the class did not have standing to sue in federal court. A copy of the ruling in the case of Drazen v. Godaddy.com … The post Appeals Court Vacates Certification, Settlement in TCPA Case appeared first on AccountsRecovery.net.

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Judge Denies MTD in FDCPA Case Over Collection Fee

Account Recovery

A District Court judge in New Jersey has denied a defendant’s motion to dismiss and a motion for sanctions against the plaintiff in a Fair Debt Collection Practices Act case that is accusing a law firm of improperly adding a collection fee in an itemization table included in a summons that was attempting to recover … The post Judge Denies MTD in FDCPA Case Over Collection Fee appeared first on AccountsRecovery.net.

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Is Alaska Airlines Good?

Nerd Wallet

As travel continues its crawl back to normal, it can be tough to know which of the many U.S.-based airlines might be best for your next trip. If you’re looking at a flight serviced by Alaska Airlines, you may be wondering: Is Alaska Airlines good? Here’s what NerdWallet found based on a number of factors, Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off

Account Recovery

Nearly one-quarter of households in the United States have no emergency savings and 28% have some, but not enough to cover three months of living expenses, according to the results of a poll released by American Consumer Credit Counseling. To make the situation even more dire, 43% of individuals expect to add to their current … The post Financial Situation Getting Worse for Consumers; Study Details Debt Sources, Plans to Pay it Off appeared first on AccountsRecovery.net.

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What Does (and Doesn’t) Count for AmEx’s Airline Fee Credit

Nerd Wallet

The AmEx airline fee credit is a valuable perk of a handful of American Express premium travel cards. This perk can provide cardmembers with up to $200 or $250 — depending on the card — in statement credits to reimburse eligible incidental airline expenses. However, cardmembers can be frustrated by AmEx’s lack of clarity about. JT Genter writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Ambulance trust writes off £339k after Debt Recovery failure

UK debt collections

An Ambulance trust has had to write of £339k after they were deemed unrecoverable. In a meeting of the West Midlands Ambulance trust board (WMAS), members agreed to write off a whopping £339,000 owed to the service detailed in a report following debt recovery failures. As reported in the Shropshire star, TNC Debt Collection Agency had provided a no win no fee debt collection service to the Ambulance trust.

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Marriott vs. Hilton Credit Card

Nerd Wallet

Whether you’re a frequent traveler or you only hit the road a few times per year, signing up for a hotel loyalty program always makes sense. The same can be said of co-branded hotel credit cards. Companies such as Marriott and Hilton offer a variety of credit cards — including those with no annual fee. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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Five Stories that Matter in Michigan This Week – July 29, 2022

Fraser

New Laws Phase Out COVID-19 Employer Liability Protections for Employers. Governor Whitmer recently signed three bills into law that initially roll back COVID-19 protections for both employers and employees and then repeal the laws outright on July 1, 2023. For example, one of the laws being repealed granted employers immunity from liability lawsuits if an employee was exposed to COVID-19 at work, provided the employer followed state and federal regulations.

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CFPB analysis of potential impacts of medical debt credit reporting changes

Public Citizen

This week, the Consumer Financial Protection Bureau published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. "Nearly half of those with medical collections appearing on their credit reports will continue to see them there even after the changes fully go into effect next year.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Are We Closer to a Recession? Extra Credit

NACM

?? The July Credit Manager's Index shows weakness in the U.S. economy, but does it spell recession? Listen to this week's episode of NACM's Extra Credit podcast to find out! ?? Hear from Amy Crews Cutts; Cody Christensen; and Chris Myers on a variety of topics. including virtual onboarding and using metrics to improve the efficiency of e.