Tue.Feb 08, 2022

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Judge Grants Motion for Judgment in Favor of Creditor Sued in FCRA Case

Account Recovery

Objectivity is supposed to allow things to be black or white. There aren’t supposed to be shades of grey. Those are for objectivity’s cousin, subjectivity. But even standards that are supposed to be considered objective can sometimes be open to interpretation. At least that is what a plaintiff unsuccessfully attempted to argue in a Fair … The post Judge Grants Motion for Judgment in Favor of Creditor Sued in FCRA Case appeared first on AccountsRecovery.net.

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The Best High-Risk Auto Insurance Companies

Nerd Wallet

If you’re having trouble getting car insurance because of a lapse in coverage, an at-fault car accident, bad credit or a DUI, you may need a policy from a nonstandard insurer, also known as a high-risk auto insurance company. Nonstandard companies sell car insurance to drivers who are the riskiest to cover and may not. Kayda Norman writes for NerdWallet.

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Bill Introduced in California to Expand Definition of Collection Agency Under State Licensing Law

Account Recovery

The Debt Collection Licensing Act in California has been in effect for a month and already changes are being proposed, in the form of expanding the definition of what constitutes a collection agency. A bill has been introduced in the state Assembly that would broaden the definition of a collection agency and make other nonsubstantive … The post Bill Introduced in California to Expand Definition of Collection Agency Under State Licensing Law appeared first on AccountsRecovery.net.

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Three Burning VITA Questions for Prosperity Now’s Newest Tax-time Pilot Program

Prosperity Now

As our community tax preparation veterans know, each new year and each filing season bring unique challenges, and this year

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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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Report Spotlights States’ Efforts to Protect Consumers from ‘Heavy’ Medical Debt Burdens

Account Recovery

Using a recently released report out of North Carolina, The Wall Street Journal yesterday published an article detailing how state legislatures across the country have enacted laws or are working on doing so in an effort to “limit aggressive debt-collection practices.” The Journal focuses its attention on many of the inherent problems in the healthcare … The post Report Spotlights States’ Efforts to Protect Consumers from ‘Heavy’ Medical Debt Burdens appeared

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Courts and COVID: How Does Virtual Court Work?

FFGN COLLECT NY

Like everyone, the courts have had to adjust to the challenges of the COVID pandemic. If you have a debt collection case pending in the NY State Courts, you may be curious about virtual court options and what to expect at this point in the pandemic. In his latest report on January 31, 2022, NY State Chief Judge DiFiore confirmed decreases in the number of judges and court staff testing positive for COVID-19.

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Are Hotel Credit Cards Worth It?

Nerd Wallet

Free hotel stays. Mountains of bonus points. Automatic room upgrades. The lure of hotel credit card offers can be irresistible. But are hotel credit cards worth it? For some travelers, absolutely. For others, these cards cost more in cash and missed opportunities than they’re worth. So here are the questions to consider when deciding whether. June Casagrande writes for NerdWallet.

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Troutman Pepper Expands Financial Services Practice with Addition of Nationally Recognized Consumer Financial Services Group

Troutman Sanders

Troutman Pepper announced today that a nationally recognized consumer financial services group has joined the firm from Ballard Spahr in Atlanta, New York, Philadelphia, and Salt Lake City. The industry-leading group includes partners Christopher J. Willis , Mark J. Furletti , Jeremy T. Rosenblum , Stefanie H. Jackman , James Kim , Jason M. Cover , and Anthony C.

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AmEx Launches American Express Rewards Checking With 0.50% APY

Nerd Wallet

American Express® announced today that it will be launching its first consumer checking account, American Express Rewards Checking. The account comes with a 0.50% Annual Percentage Yield (APY) interest rate — which is significantly higher than the national average of 0.03% on interest checking accounts — and a debit card that customers can use to. Chanelle Bessette 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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How To Create A Website For Your Debt Collection Agency

Arbeit Software

Creating and promoting a website for your agency is a gigantic step towards, what we believe, is the future of debt collection -meeting consumers where they want to be met. It all starts with a website. We'll walk you through the easiest places to get started creating a website, elements to include, and how to optimize it for the consumer experience.

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IRS Scraps Plan to Use ID.me Selfies for Account Verification

Nerd Wallet

If you keep an eye on tax news, you may have heard some chatter about the IRS soon requiring a video selfie for account sign-in. That plan is no more: The IRS announced Monday that it was walking back the controversial mandate. Taxpayers will no longer need to submit a face scan to access their. Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com.

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Finding A Collection Agency

Credit Management Company

The United States’ overall mortgage delinquency rate was 5.9% in November 2020. And it’s not just mortgages that are going unpaid. In every sector, people are failing to make their payments on their debt. As a business, you know how detrimental unpaid bills can be. It can undercut your margins, wreak havoc on your cash flow, and cause you to consider raising prices and cutting expenses.

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Understanding Corporate Bonds and How to Buy Them

Nerd Wallet

What is a corporate bond? Corporate bonds are debt obligations issued by companies looking to raise capital. When you purchase a corporate bond, you are in effect lending money to the corporation issuing the bond. In exchange, you receive interest payments at predetermined installments until the bond’s term expires. Once the bond reaches maturity, the.

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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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UK Cards Report - Holiday Spend and More Missed Payments

Fico Collections

Our analysis of trends for UK cards in December 2021 showed that spend and credit card balances increased, as you would expect for the Christmas period. But with the percentage of payments to balance levelling out and a drop in the numbers of accounts paying the full balance, the data suggests rising living costs could be starting to take effect. Balances continue to increase and percentage of payments to balance stable.

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How Google My Business Can Improve Your Online Presence

Arbeit Software

When it comes to the health of your phone numbers and your company's reputation, the search results of your phone number can be the difference between a call answered, and a call ignored - or worse - marked as Spam. Here's how to solve the "search results problem.". The post How Google My Business Can Improve Your Online Presence appeared first on Arbeit -.

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DC enters into $4 million settlement with predatory online lender, to compensate thousands of District consumers

Public Citizen

District of Columbia Attorney General Karl Racine today announced that Elevate Credit, Inc., predatory online lender, will pay at least $3.3 million to refund over 2,500 District consumers who were misleadingly marketed high-cost loans and lines of credit, waive over $300,000 in interest owed by those consumers, and pay $450,000 to the District. The company will also be required to stop charging rates above the District’s legal cap of 24% and to cease deceptive and misleading business practices.

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Senators Open Inquiry into Chase’s Alleged Resumption of Robo-Signing Credit Card Collection Affidavits

Account Recovery

A group of six Democrats on the Senate Banking Committee, including Chairman Sen. Sherrod Brown [D-Ohio] and Sen. Elizabeth Warren [D-Mass.] released a letter they had sent to JPMorgan Chase seeking information on the mega-bank’s credit card collection process, citing reports indicating that the company is robo-signing documents when making the decision to sue individuals … The post Senators Open Inquiry into Chase’s Alleged Resumption of Robo-Signing Credit Card Collection Aff

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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Daily Digest – February 8. Senators Open Inquiry into Robo-Signing; Creditor Wins FCRA Case

Account Recovery

SENATORS OPEN INQUIRY INTO CHASE’S ALLEGED RESUMPTION OF ROBO-SIGNING COLLECTION AFFIDAVITS A group of six Democrats on the Senate Banking Committee, including Chairman Sen. Sherrod Brown [D-Ohio] and Sen. Elizabeth Warren [D-Mass.] released a letter they had sent to JPMorgan Chase seeking information on the mega-bank’s credit card collection process, citing reports indicating that the … The post Daily Digest – February 8.

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