Account Recovery
NOVEMBER 17, 2020
A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. A copy of the ruling in the … The post Judge Grants MTD in FDCPA Harassment Case appeared first on AccountsRecovery.net.
Troutman Sanders
NOVEMBER 17, 2020
We reported in September of this year on a demand from multiple consumer advocacy groups to the Consumer Financial Protection Bureau (“CFPB”) to rescind its April 1, 2020, credit report guidance that relaxed the Fair Credit Reporting Act’s (“FCRA”) deadlines to investigate consumer-initiated direct disputes. In a letter dated November 9, 2020, CFPB Director Kathleen Kraninger told the National Consumer Law Center that the CFPB would not drop the FCRA relief for furnishers and credit report
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Account Recovery
NOVEMBER 17, 2020
JUDGE GRANTS MTD IN FDCPA HARASSMENT CASE A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. … The post Daily Digest – November 17.
Nerd Wallet
NOVEMBER 17, 2020
Turkey Day will look different this year for many Americans because of the pervasive impact of the COVID-19 pandemic. Three in 5 U.S. adults who had Thanksgiving travel plans (60%) say these plans have been affected by the pandemic, according to a new NerdWallet survey. Just 12% say their plans haven’t been impacted, and another. Erin El Issa is a writer at 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
NOVEMBER 17, 2020
President-elect Joe Biden continued to add members to his transition team, this time selecting a handful of individuals to oversee the Federal Communications Commission, including a former commissioner who voted in favor of the 2015 Omnibus ruling that dramatically overhauled the Telephone Consumer Protection Act and led to a landmark lawsuit. Mignon Clyburn, who served … The post Biden Names Former FCC Commissioner Who Voted in Favor of 2015 TCPA Ruling to Transition Team appeared first o
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
NOVEMBER 17, 2020
As part of our commitment to corporate social responsibility, National Debt Holdings (NDH) is donating to Ocean Conservancy this holiday season. Our support will assist this nonprofit in conservation efforts to protect the ocean from today’s greatest global challenges. Through science-based advocacy, research, and public education, Ocean Conservancy promotes healthy and diverse ocean ecosystems and … The post National Debt Holdings Donates to Ocean Conservancy this Holiday Season app
Nerd Wallet
NOVEMBER 17, 2020
If you’re just getting started in the world of credit cards or you’re looking for a basic no-fee card, then you may want to consider the American Airlines AAdvantage MileUp? Card. Cardmembers earn American AAdvantage miles on every purchase and bonus miles for purchases in particular categories. Plus, cardmembers can take advantage of concierge and.
Account Recovery
NOVEMBER 17, 2020
The Attorney General of Maryland has announced a settlement between his office and a third-party debt buyer that will result in $2.7 million of debt relief for individuals who attended a for-profit college that lost its accreditation, closed its doors, and had its assets sold by a court-appointed receiver. The settlement with Elevation Capital Partners … The post Debt Buyer to Offer $2.7M of Relief in Settlement With Maryland AG appeared first on AccountsRecovery.net.
Nerd Wallet
NOVEMBER 17, 2020
Adjustable-rate mortgages are going through a transition that introduces a new index, new rules and new terminology. As a result, an ARM you get today is likely to differ from ARMs of the past. And if you have an ARM now, changes are coming to your loan. This article explains why and how ARMs are. Holden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com.
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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.
Account Recovery
NOVEMBER 17, 2020
The debt collection rule released by the Consumer Financial Protection Bureau on October 30 is 653 pages long, which is a lot to digest for even the most ardent bibliophile among us in the industry. But unlike a saucy romance novel or a riveting courtroom drama the debt collection rule is not necessarily best read … The post Why You Should Start Reading the Debt Collection Rule Near The End, Not At The Beginning appeared first on AccountsRecovery.net.
Consumer Finance
NOVEMBER 17, 2020
The Federal Reserve Board and Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2021.
PDC Flow
NOVEMBER 17, 2020
There was a time when remote work—commonly referred to as telecommuting—was widely regarded as an incentive not only for employees but also for their employers. However, with the COVID-19 pandemic, remote work has become less of an incentive than a necessity. After all, telecommuting is pretty much the only way some companies can continue their operations with a semblance of normalcy amid lockdowns and tightening restrictions on business.
Prosperity Now
NOVEMBER 17, 2020
Last year, we published a report that analyzed low- and moderate-income (LMI) people’s financial situation and the systems that support
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?
Nerd Wallet
NOVEMBER 17, 2020
Amtrak operates more than 300 commuter and passenger trains each day, across 46 states in the U.S. If you’re a frequent rider, be it for daily work trips or for longer adventures, the Amtrak Guest Rewards® World Mastercard® can help lower your fares and keep you on the right track. Despite its $79 annual fee, Funto Omojola is a writer at NerdWallet.
Troutman Sanders
NOVEMBER 17, 2020
In Schiano v. HomEq Servicing Corp , the Third Circuit Court of Appeals held that simple allegations of a failure to “fully and properly investigate” a credit reporting dispute were mere conclusory statements that failed to state a claim for relief under the Iqbal pleading standard. In 2004, an arbitration award of $35,000 was entered against Plaintiffs Ralph and Elanor Schiano after they fell behind on credit card payments.
Nerd Wallet
NOVEMBER 17, 2020
College HUNKS Hauling Junk & Moving is a company that specializes in local moves, junk removal, donation pickup and labor services in the U.S. and Canada. (HUNKS is an acronym for “honest, uniformed, nice, knowledgeable service.”) The company has over 130 franchise locations nationwide and operates in more than 40 states. If you plan to hire. Javier Simon is a writer at NerdWallet.
Troutman Sanders
NOVEMBER 17, 2020
Following a Consumer Financial Protection Bureau (“CFPB”) investigation into its credit reporting procedures, telecommunications debt collector Afni, Inc. agreed Thursday to implement additional safeguards against inaccurate reporting and pay a $500,000 civil penalty. The CFPB’s investigation found that Afni had violated the Fair Credit Reporting Act (“FCRA”) in several ways.
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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.
Nerd Wallet
NOVEMBER 17, 2020
Had the coronavirus pandemic hit 20 years ago, ordering groceries and toilet paper from the comfort of your sofa wouldn’t have been nearly as easy. But in May alone, Americans spent over $77 billion through online retailers, and the industry saw sales growth typically reserved for the holiday rush. Retail sales contribute trillions of dollars. Elizabeth Renter is a writer at NerdWallet.
Better Credit Blog
NOVEMBER 17, 2020
Sometimes, life comes with unexpected expenses and financial hardships. It can be all too easy to fall behind on payments and find yourself with debt in collections. If you’ve come across a negative entry from Regional Acceptance Corporation on your credit report, a missed car payment is likely the culprit. Collections entries can do quite a bit of damage to your credit score, staying on your report for seven years.
Nerd Wallet
NOVEMBER 17, 2020
If you use insulin and you’re eligible for Medicare Part D prescription drug coverage, a new government program may help you save a lot of money on your medicine next year. Under the Part D Senior Savings Model, Medicare recipients in participating plans will pay no more than a $35 copay for a month’s supply. Walecia Konrad is a writer at NerdWallet.
Debt Guru
NOVEMBER 17, 2020
Every time you make a purchase using plastic, whether at the grocery store, retail outlet, or a gas pump, you are most likely prompted to choose whether you are using a debit or a credit card. Other than the fact that one requires a PIN (your four- to six-digit personal identification number) and the other often requires a signature, you may wonder if it even matters which one you choose.
Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC
Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.
Nerd Wallet
NOVEMBER 17, 2020
The Ink Business Cash® Credit Card card offers business owners a variety of benefits and no annual fee. The card currently comes with a 0% intro APR on Purchases for 12 months, and then the ongoing APR of 13.24% - 19.24% Variable APR, which may be tempting to snag if you’re planning to make some. Christie Olsen is a writer at NerdWallet. Email: travel@nerdwallet.com.
On Guard
NOVEMBER 17, 2020
The handbook for all your daily credit management challenges. In this handbook, we discuss the three main credit management challenges and give practical tips to ensure a financially healthy organisation. As a finance professional you face many different challenges every day. You have to deal with different processes, you want to keep customers and colleagues satisfied and you do everything you can to properly advise the management team to achieve your organisation’s financial objectives.
Burr Forman
NOVEMBER 17, 2020
Reprinted with permission from The National Association of Railroad Trial Counsel’s “The Main Line”. Birmingham attorneys Turner Williams? and Al Teel? obtained summary judgment in their favor on behalf of R.J. Corman Railroad Switching Company, LLC in McGinnis v. Alabama River Cellulose, LLC, et al., Case No. 51-CV-2019-900051.00, in the Circuit Court of Monroe County, Alabama.
On Guard
NOVEMBER 17, 2020
Onguard Coffee Conversations – Interview with James Smith, CreditSafe. James Smith is a Strategic Relationship Manager at CreditSafe. While enjoying an afternoon cuppa, Floor Stam, VP Marketing at Onguard, interviews James on the importance of credit risk information in today’s climate and how to better prepare for the uncertain future that lies ahead in 2021 with accurate and real-time data.
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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.
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