Account Recovery

JULY 26, 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 Complaint Accuses Collector of Contacting Represented Plaintiff Years Later appeared first on AccountsRecovery.net.

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Credit Management 246

Consumer Finance

JULY 26, 2022

Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide consumer reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020.

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Loans 121

Account Recovery

JULY 26, 2022

A District Court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing to sue after being called three times by the defendant following the plaintiff filing for bankruptcy protection. A copy of the ruling in the case of Tudela v. MediCredit … The post Judge Grants MTD in FDCPA Case over Calls Made Post-BK Filing appeared first on AccountsRecovery.net.

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Fair Debt Collection Bankruptcy Collections 245

Consumer Finance

JULY 26, 2022

Today, the Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) took action to end Trident Mortgage Company’s intentional discrimination against families living in majority-minority neighborhoods in the greater Philadelphia area.

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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

JULY 26, 2022

Nobody will disagree with the statement that maintaining a strong culture of security is important to avoiding incidents like data breaches and phishing attacks, but just because your employees agree with that statement does not mean they will tell you when they uncover a problem, according to newly released research. Fewer than 40% of employees … The post Startling Number of Employees Don’t Care About Cybersecurity and Aren’t Paying Attention appeared first on AccountsRecovery

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Account Recovery

JULY 26, 2022

JUDGE GRANTS MTD IN FDCPA CASE OVER CALLS MADE POST-BK FILING A District Court judge in Illinois has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, ruling that the plaintiff lacked standing to sue after being called three times by the defendant following the plaintiff filing for bankruptcy protection. COMPLAINT … The post Daily Digest – July 26.

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Fair Debt Collection Bankruptcy Collections 245

Nerd Wallet

JULY 26, 2022

Hilton Honors has a trio of co-branded consumer credit cards, ranging from a no-fee to a high-fee card, each with benefits that could prove valuable to Hilton loyalists and even travelers who stay in hotels a few times a year. Hilton credit card benefits can include: Perks specific to the greater portfolio of Hilton hotels. Paul Rubio writes for NerdWallet.

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Consumer Credit 76

Account Recovery

JULY 26, 2022

Consumers in the Garden State are submitting more complaints to the state’s acting Attorney General about transactions in which surcharges for paying with a debit or credit card are not being disclosed, so the AG sent out a warning last week reminding merchants of their duty to disclose the total price of goods and services … The post N.J.

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Nerd Wallet

JULY 26, 2022

When making travel reservations, we often fantasize about the historical landmarks we’re going to see at our destination or the flavorful cuisine we plan to devour at local restaurants. But few fantasize about spending a night at the hospital in another country or calling for a medical evacuation — even though it can happen. You. Anya Kartashova writes for NerdWallet.

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Collections

JMA

JULY 26, 2022

Do you find debt confusing? Don’t worry, you’re not alone. Even just the word debt can strike fear in people. However, debt is a common part of people’s lives. There are lots of different kinds of debts and different reasons to go into debt. Some of these might be planned, like buying a house and. Read more » The post Debunking Myths About Debt appeared first on JMA Credit Control.

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Nerd Wallet

JULY 26, 2022

Travelers enrolled in TSA PreCheck can expedite airport screening. The program includes admittance to an (often) shorter line at airport security and conveniences like the ability to leave their shoes on and their liquids and electronics in their bags. A five-year membership costs $85 per person, leading many cost-conscious members to wonder: Can my spouse.

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JMA

JULY 26, 2022

Debt collection takes time and a lot of effort. And as a business owner, we’re going to guess that you’re pretty short on time. So, when you have outstanding payments that you need to collect from delinquent customers, it might be worth hiring a debt collector to take on this challenge. Why? Well, it’s important. Read more » The post What Debt Collectors Do — That You Can’t appeared first on JMA Credit Control.

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Debt collector Collections 52

Public Citizen

JULY 26, 2022

From the CFP:  The Office of the Comptroller of the Currency (OCC) is soliciting academic-and policy-focused research on the impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services through August 21, 2022. The OCC will invite authors of selected papers to present to OCC staff and invited guests at OCC Headquarters in Washington, D.C., on November 7-8, 2022.

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Banks 45

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

Consumer Finance

JULY 26, 2022

Director Chopra delivered remarks on redlining at the joint press event.

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NACM

JULY 26, 2022

Inflation reached a new 40-year high last month, a sign that demand is still hot. But other signs show the U.S. economy slowing—putting the Federal Reserve into a tricky situation. The Fed is expected to raise interest rates another 0.75% tomorrow, according to The Wall Street Journal. "They have increased rates at a historically rapid pace this ye.

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Credit Management Company

JULY 26, 2022

In 2021, the average patient out-of-pocket costs jumped about 10% compared to 2020—or to about $1,650 per person. Experts expect that the rate of increase for out-of-pocket medical expenses will continue to climb by nearly 10% each year for the next five years. That’s on top of the increasing healthcare insurance premiums that Americans are paying, which rose 37% from 2015 to 2020.

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Healthcare Bankruptcy Credit Management Collections 52