Wed.May 03, 2023

article thumbnail

Working in Debt Collections-Expectations vs Reality

American Profit Recovery

By Angela: I have had the pleasure of sitting in on plenty of interviews throughout my career with American Profit Recovery. During this time, I have noticed some common things potential candidates are always looking for. One of the biggest is that they want an opportunity for growth, a company they can make a nice living at and a good working environment.

article thumbnail

23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 23 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CFPB Report Highlights Costly Credit Cards and Loans Pushed on Patients

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans.

Loans 107
article thumbnail

Judge Grants MSJ for Defense in FDCPA, FCRA Case Over Payment Coupon Created by Plaintiff

Account Recovery

We’ve all heard stories about those “special” consumers, those who claim to be sovereign citizens and don’t have to follow the rules that the rest of us do. They believe that courts have no jurisdiction over them and that they are immune from having to follow the laws. A plaintiff in Maryland is learning the … The post Judge Grants MSJ for Defense in FDCPA, FCRA Case Over Payment Coupon Created by Plaintiff first appeared on AccountsRecovery.net.

130
130
article thumbnail

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.

article thumbnail

How to Write a Credit Dispute Letter

Credit Corp

If you’ve got an error of your credit report, it’s up to you to find it, dispute it, and fix the error. Formally disputing an error involves writing a formal dispute letter to the creditor as well as the appropriate credit bureau reporting the inaccuracy. Sounds like a piece of cake, right? Not always. Errors are not all created equal—and unless you’re specific and provide evidence for your claim, you risk having your dispute denied.

More Trending

article thumbnail

What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies?

Credit Corp

If you decide to file for bankruptcy, you must next decide which type of bankruptcy is right for you. Most individuals have three options, and understanding Chapter 11 vs. Chapter 13 vs. Chapter 7 is important in making the right decision. Bankruptcy can be complex, and even a small mistake in how you file can substantially change the outcome of your case.

article thumbnail

Ohio AG Cancels Collection Agreement with Cleveland After City Violates Terms of Deal

Account Recovery

The Cleveland Clerk of Courts is likely looking for a new partner that can collect on its unpaid debts after the Ohio Attorney General’s office canceled its agreement because the city was collecting on fines below the AG’s threshold of $100. The city was sending accounts that were more than 20 years old and for … The post Ohio AG Cancels Collection Agreement with Cleveland After City Violates Terms of Deal first appeared on AccountsRecovery.net.

article thumbnail

Prepared Remarks of Director Rohit Chopra at the American Association of Healthcare Administration Management

Consumer Finance

Director Chopra delivered remarks at the May 4, 2023, meeting of the American Association of Healthcare Administration Management's Government Relations Committee and Executive Board

article thumbnail

Daily Digest – May 3. Judge Grants MSJ For Defense in Case Over Consumer-Generated Coupon; Ohio AG Cancels Collection Deal with City

Account Recovery

JUDGE GRANTS MSJ FOR DEFENSE IN FDCPA, FCRA CASE OVER PAYMENT COUPON CREATED BY PLAINTIFF We’ve all heard stories about those “special” consumers, those who claim to be sovereign citizens and don’t have to follow the rules that the rest of us do. They believe that courts have no jurisdiction over them and that they … The post Daily Digest – May 3.

article thumbnail

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.

article thumbnail

Number of CCJs rises in the UK by nearly 15% in 2023 Q1

UK debt collections

The total number of judgments registered in the British Isles in Q1 2023 was 262,941. Compared to same period last year, the total number of judgments in this quarter increased by 14.21%. The total number of ‘ satisfied’ (or fully paid) judgments in this quarter was 48,962 , which represents a year-on-year increase of 9.65%. 97.43% of all judgments processed were from the England and Wales jurisdiction.

article thumbnail

How to Get Something Off Your Credit Report

Credit Corp

According to the Federal Trade Commission , around 25% of people have errors on their report that could affect their credit score. There’s a one in four chance that errors on your report are dragging your score down unfairly—which can end up costing you thousands of dollars. Luckily, you have the right to review your credit reports and challenge inaccurate items.

article thumbnail

Prepared Remarks of CFPB Director Rohit Chopra at the 2023 American Economic Liberties Project Anti-Monopoly Summit

Consumer Finance

Director Chopra delivered keynote remarks on May 4, 2023 at the Anti-Monopoly Summit in Washington, DC hosted by the American Economic Liberties Project.

article thumbnail

Florida Senate Approves House Amendments to mini-TCPA

TCPA

The Florida Senate passed HB 761 late yesterday by a 29-10 vote, less than a week after the bill sailed through the Florida House by a 99-14 vote.

52
article thumbnail

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?

article thumbnail

NH Supreme Court Opinion on Jurisdiction in Partition Action

McLane

In David Loik v. Gloria Loik , the NH Supreme Court (MacDonald, J.) held that the Circuit Court, rather than the Superior Court, had subject matter jurisdiction over an action for partition of real estate, reasoning that certain post-divorce disputes involving the parties then pending in the Circuit Court – Family Division constituted “relating pending matter[s]” within the meaning of RSA 547-C:2.

article thumbnail

Menzies & Company Watch podcast: A deeper dive behind the statistics and what is in store for the remainder of 2023

CICM

In our latest podcast, the Menzies Creditor Services team and Company Watch took a look at the increased petition levels and what these statistics mean for 2023. To listen to this podcast, please click here. Alternatively, please find a summary as follows: Insolvencies are on the rise, but what is driving these numbers up? Winding up petitions? Applications to petition for a company’s winding up are on the increase: 2022 saw an upward trend.

article thumbnail

5 Scam Protections Customers Want from Their Bank

Fico Collections

Home Blog FICO 5 Scam Protections Customers Want from Their Bank Learn the top five ways customers expect banks to improve their defenses against authorized push payment fraud and scams FICO Admin Tue, 07/02/2019 - 04:56 by Debbie Cobb Senior Director, Product Management expand_less Back To Top Wed, 05/03/2023 - 09:50 Improving fraud detection in the face of a new wave of real-time payments (RTP) scams is becoming an imperative for banks — and consumers — around the world.

Banks 10
article thumbnail

NACM Member Spotlight: Driving Results

NACM

NACM's motto throughout the years has been driving results. It's what B2B credit is all about. One of the ways we do that is by giving our members the chance to educate themselves and earn respective designations. A designation we offer that drives amazing results is the Credit Business Fellow (CBF) designation.The CBF designation is an academic, p.

article thumbnail

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.

article thumbnail

FICO World 2023 - Agenda Focuses on 3 Key Fraud Strategies

Fico Collections

Home Blog FICO FICO World 2023 - Agenda Focuses on 3 Key Fraud Strategies FICO’s annual conference is the place to learn more about making decisions at scale – not least for those fighting fraud Saxon Shirley Wed, 05/25/2022 - 03:43 by TJ Horan Vice President, Product Management expand_less Back To Top Wed, 05/03/2023 - 14:00 The fraud challenges facing organizations today are far beyond what could have been predicted pre-Covid and the stakes have never been higher.

Banks 52
article thumbnail

CMI Indicates Credit Crunch Amid Banking Crisis

NACM

NACM's Credit Manager's Index for April reveals some worrying trends. Rejections of new credit applications plummeted into contraction territory, indicating tightening credit conditions.Read what NACM Economist Amy Crews Cutts wrote in a blog for Macrobond Financial about the #CMI. Sign up to receive monthly CMI survey participation aler.

Banks 5