Account Recovery
OCTOBER 10, 2022
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Nerd Wallet
OCTOBER 10, 2022
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with two hot takes from our hosts about buy now, pay later loans and credit reports. Then we pivot to this week’s money question from Lauren, who left this voicemail: “Hi. My name is Lauren, and I’m interested. Jae Bratton writes for NerdWallet.
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Account Recovery
OCTOBER 10, 2022
A District Court judge in Arizona has partially granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by furnishing information to the credit reporting agencies that did not belong the plaintiff. A copy of the ruling in the case of Taylor v. IC System can … The post Judge Partially Grants MTD in FDCPA Case Over Wrong Debt On Plaintiff’s Credit Report appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 10, 2022
Capital One offers a variety of credit cards for all types of consumers. This includes cash-back cards, cards targeted toward students and travel rewards cards. While not all cards feature the same benefits, there are a few that provide extra protections. One such protection is rental car insurance. When renting a vehicle, you can drive. Carissa Rawson writes for NerdWallet.
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
OCTOBER 10, 2022
Collection operations these days are getting advanced degrees in statistical analysis and behavioral sciences, and those disciplines are paying off as agencies make investments in technology and ratchet up the methodical and experimentative sides of their operations, said Scott Purcell, the chief executive of ACA International during the latest episode of “Behind the Curtain.” Purcell … The post Scott Purcell Talks About Helping Collectors Build a Better ‘Mousetrap’
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 10, 2022
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 Collector Facing Class Action For Credit Reporting Notification in Letter appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 10, 2022
Does Hawaiian Airlines have business class? Indeed, it does. If you’re flying Hawaiian Airlines to Asia or the South Pacific, a business class ticket can get you there in a lie-flat seat that comes with excellent service and the airline’s famous aloha spirit. Here’s what you need to know about Hawaiian Airlines business class to. June Casagrande writes for NerdWallet.
Account Recovery
OCTOBER 10, 2022
The Barton Law Group is thrilled to announce the hiring of Tyler Mayer, a veteran of the accounts receivable management industry, to be its new Director of Operations. Mayer’s role is to drive continued growth and assist with employee development. “I’m thrilled to have Tyler join The Barton Law Group,” said Dennis Barton, the firm’s … The post The Barton Law Group Hires New Director of Operations appeared first on AccountsRecovery.net.
Fico Collections
OCTOBER 10, 2022
Home. Blog. FICO. FICO Fact: Can having no credit score be better for consumers than a low credit score? A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. JessicaButalla@fico.com. Tue, 07/19/2022 - 16:11. by Joanne Gaskin. expand_less Back To Top. Mon, 10/10/2022 - 15:00.
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Account Recovery
OCTOBER 10, 2022
The next legislative session in Texas doesn’t start for three months, but already lawmakers have announced plans to re-introduce legislation that would require healthcare providers to send an itemized bill to patients prior to pursuing any debt collection action. The announcement follows the publication of an article detailing hundreds of lawsuits filed in Central Texas … The post Texas Legislature Plans on Taking Up Medical Debt Bills Again appeared first on AccountsRecovery.net.
UK debt collections
OCTOBER 10, 2022
A British man is reportedly facing extradition to Qatar over an unpaid debt owing. He is currently being held in middle eastern police cells in Iraq due to the unpaid bank debt in Qatar He is being held in Iraq and awaiting extradition to face charges relating to an unpaid debt owing to a bank. Brian Glendinning aged 43 from Fife in Scotland was contracted to work on a Oil refinery in Iraq but was arrested on a Interpol ‘red notice’ at Bagdad Airport on September 12th.
Account Recovery
OCTOBER 10, 2022
JUDGE PARTIALLY GRANTS MTD FOR DEFENDANT IN FDCPA CASE OVER WRONG DEBT ON CREDIT REPORT A District Court judge in Arizona has partially granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act by furnishing information to the credit reporting agencies that did not belong the … The post Daily Digest – October 10.
Collection Industry News
OCTOBER 10, 2022
Lananh Nguyen, October 7, 2022. Bank of America (BAC.N) agreed to pay bond insurer Ambac Financial Group (AMBC.N) $1.84 billion, the bank said in a filing Friday, bringing to a close the last of the lender’s major lawsuits stemming from the 2008 mortgage crash. The settlement concludes the Charlotte, North Carolina-based lender’s protracted legal battle over its ill-fated purchase of Countrywide, which was once the largest U.S. mortgage lender, during the financial crisis. “Amb
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?
Account Recovery
OCTOBER 10, 2022
A California Appeals Court has overturned a ruling in favor of a debt collector that was sued for violating the Rosenthal Fair Debt Collection Practices Act by not properly serving the plaintiff with a summons and complaint in an underlying collection lawsuit, with the panel ruling that the plaintiff is not obligated to pay the … The post California Appeals Court Overturns Defendant’s Anti-SLAPP Win in RFDCPA Case appeared first on AccountsRecovery.net.
Collection Industry News
OCTOBER 10, 2022
Mayra Rodriguez Valladares, October 7, 2022. American consumers are more indebted than ever. The just recently released Federal Reserve Consumer Credit-G.19 report shows that U.S. consumer credit outstanding has reached historic levels; outstanding consumer credit is now at $4.7 trillion. In August, consumer credit increased at a seasonally adjusted annual rate of 8.3 percent.
Troutman Sanders
OCTOBER 10, 2022
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On October 4, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) issued a press release documenting its collaborative central bank digital currency (CBDC) cross-border payment pilot project with Capgemini, which accomplish
Collection Industry News
OCTOBER 10, 2022
Ballard Spahr LLP, October 7, 2022. The Consumer Financial Protection Bureau (“CFPB”) filed a complaint against online lender MoneyLion Technologies, Inc, and several dozen of its subsidiaries (collectively, “MoneyLion”), alleging violations of the Military Lending Act (“MLA). The complaint alleges that MoneyLion (i) overcharged servicemember and their dependents by imposing fees that, together with stated interest rates, exceeded the MLA’s 36% Military Annual Percentage Rate (“MAPR”), (ii) fail
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Collection Industry News
OCTOBER 10, 2022
Richard J. Andreano, October 7, 2022. In a recent blog post the CFPB warned mortgage lenders that “[l]enders that fail to have a clear and consistent method to ensure that borrowers can seek a reconsideration of value risk violating federal law.”. In the blog post the CFPB states the following: “Accurate appraisals are essential to the integrity of mortgage lending.
Collection Industry News
OCTOBER 10, 2022
Moorari Shah, October 7, 2022. The CFPB released a special edition of Supervisory Highlights on student loan servicing practices of loan servicers and schools lending to students directly. The report highlights three notable findings related to transcript-withholding practices: Federal Student Loan transfers, and Federal Student Loan payment relief and cancellation programs: Transcript Withholding Findings : As enders and educators, many educational institutions leverage their relationships with
Collection Industry News
OCTOBER 10, 2022
Ballard Spahr LLP, October 7, 2022. The CFPB, in a notice published in the Federal Register on September 27, 2022, announced that it was rescinding its No-Action Letter and Compliance Assistance Sandbox policies (Policies). The rescission was effective on September 30, 2022. In the notice, the CFPB stated: The CFPB determined that the Policies do not advance their stated objective of facilitation consumer-beneficial innovation.
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