Account Recovery

JULY 11, 2022

A District Court judge in New Jersey has granted a defendant’s motion to dismiss on one count it violated the Fair Debt Collection Practices Act, but otherwise denied the motion it violated the statute by placing a debt to be collected without having a proper license to do so. A copy of the ruling in … The post Judge Partially Grants MTD in FDCPA Case Over Lack of License appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 245

Consumer Finance

JULY 11, 2022

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit today accusing payday lender ACE Cash Express of concealing free repayment plans from struggling borrowers. Because of ACE’s illegal practices, individual borrowers paid hundreds or thousands of dollars in reborrowing fees, when they were in fact eligible for free repayment plans.

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Lender Loans 141

Account Recovery

JULY 11, 2022

Don Donagher, the former owner and chief executive of Penn Credit, was sentenced to three months in prison on Friday, after pleading guilty to making payments to support the former Circuit Court Clerk of Cook County, Illinois, as a means of attempting to help land contracts for his company. Originally charged back in 2019 with … The post Former Agency Owner Sentenced to Prison in Pay-to-Play Scandal appeared first on AccountsRecovery.net.

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Nerd Wallet

JULY 11, 2022

Knowing loved ones will be financially secure after you’re gone can be a great comfort, and it’s a top priority for many. In a new study by NerdWallet, leaving an inheritance was the most selected reason to buy life insurance among millennials (ages 26-41). A life insurance policy can be an effective way to pass. Georgia Rose writes for NerdWallet. Email: grose@nerdwallet.com.

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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 11, 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.

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Account Recovery

JULY 11, 2022

FORMER AGENCY OWNER SENTENCED TO PRISON IN PAY-TO-PLAY SCANDAL Don Donagher, the former owner and chief executive of Penn Credit, was sentenced to three months in prison on Friday, after pleading guilty to making payments to support the former Circuit Court Clerk of Cook County, Illinois, as a means of attempting to help land contracts … The post Daily Digest – July 11.

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Nerd Wallet

JULY 11, 2022

Whether you’re flying for business, to see family and friends, or on vacation to a destination you’ve always dreamed about, a flight delay can get your trip off to a bad start. Heck, it can outright ruin it. While you may feel helpless in these situations, there are ways you can help mitigate delays from. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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Account Recovery

JULY 11, 2022

The Connecticut Department of Banking has entered into a consent order with TrueAccord for a number of alleged violations, including collecting on loans that violated state usury laws, commingling funds from its business account with funds in its trust accounts, and advertising financial products and services of unlicensed affiliates in communications with consumers.

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Banks Loans Collections 237

Nerd Wallet

JULY 11, 2022

A four-day workweek sounds appealing to workers. Possibly alarming to employers. A bill introduced in the California legislature earlier this year proposed a regular pay rate for 32 hours of work per week, with overtime kicking in after that. The measure stalled in committee for a lack of broad support but could resurface in 2023. Hal M. Bundrick, CFP® writes for NerdWallet.

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Collections

Hudson Weir

JULY 11, 2022

In recent articles, we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? The bankruptcy rate in the UK had been increasing steadily in recent years. However, this trend reversed in 2020. This change in trend has primarily been attributed to temporary financial measures implemented by the government due to COVID-19, which were lifted in September 2021.

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Nerd Wallet

JULY 11, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode is a conversation among NerdWallet’s housing Nerds who discuss home affordability trends in the United States and abroad. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take Prospective home buyers in the U.S. are.

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AGA

JULY 11, 2022

There is a lot of information available about how a Credit Manager can best manage credit department staff. Another critical topic is how to manage up. The interaction and support you offer your manager when to ask for help, or helping set your manager’s expectations of you and your department, can be as important as managing down. That is where the following “Six W’s” of managing up, come in.

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Credit Management Collections 40

Nerd Wallet

JULY 11, 2022

Figuring out how to use your points and miles can be overwhelming. Mastering one airline’s award pricing methods and quirks can be difficult enough. The complexity grows quickly as you consider points transfers from bank programs and booking awards through partner airlines. Wouldn’t it be nice to have just one website that could do it. JT Genter writes for NerdWallet.

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Banks 64

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

CICM

JULY 11, 2022

In our latest blog, the Menzies LLP Creditor Services team looks at what we should do when dealing with our aged debtor list. Spotting the signs of trouble. Have there been any delaying tactics, such as not answering calls? Have they asked for copy invoices? Are they trying to pay by cheque? Are they paying from a different account or personal account?

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Fico Collections

JULY 11, 2022

Home. Blog. FICO. How Omnichannel Communications Improve Debt Collection. Empower your customers to self-serve with digital omnichannel communications. FICO. Tue, 07/02/2019 - 05:23. by AJ Travagline. Senior Consultant. expand_less Back To Top. Mon, 07/11/2022 - 09:10. There are dynamic shifts occurring in terms of how customers prefer to communicate with the companies that they do business with, especially when it involves debt collection.

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Collections Retail Banks 52

Nerd Wallet

JULY 11, 2022

According to multiple news reports, the Biden administration is expected to announce forgiveness of $10,000 in student loan balances for borrowers making less than $150,000 a year. If a portion — or all — of your balance is forgiven, it could impact many areas of your financial life, including your ability to buy a home. Taylor Getler writes for NerdWallet.

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