Account Recovery
JANUARY 10, 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.
Nerd Wallet
JANUARY 10, 2022
Fiat currency is a term that describes the money you use every day. The U.S. dollar is a fiat currency, as are most other modern currencies circulating around the world. Fiat currencies’ values are generally supported by the economic power of a government. This kind of money is different from an asset-backed currency, which derives. Andy Rosen writes for NerdWallet.
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Account Recovery
JANUARY 10, 2022
JUDGE GRANTS MTD IN FDCPA CASE OVER ISSUES WITH PLAINTIFF’S NAME What is in a name, Shakespeare asked when he wrote “Romeo & Juliet.” His intention was to illustrate that how things are named really doesn’t matter. “That which we call a rose by any other name would smell just as sweet,” Juliet says in … The post Daily Digest – January 10.
Consumer Finance
JANUARY 10, 2022
The debt collection company and its owners knowingly used third-party collectors that engaged in unlawful and deceptive tactics.
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
JANUARY 10, 2022
If InDebted is taking the traditional model of debt collection and throwing it out the window, then Dave Aglira is the man who has been tasked with driving that vision, molding the company’s focus on customers and digital collections to an industry that has long been reluctant to utilize such tools. The company recently hired … The post Aglira Joins InDebted’s Customer-First Focused Model in the U.S. appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JANUARY 10, 2022
As Buy Now, Pay Later becomes a more popular topic, especially among regulators, another key group in the financial services is looking at measuring the impact of those who take out this new form of credit — credit bureaus. Now that they are becoming more popular and mainstream, the credit bureaus are looking at factoring … The post Credit Bureaus Looking to Add BNPL Histories to Credit Scores appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 10, 2022
Competition is fierce in the world of travel credit cards. These cards run the gamut — from top-tier offerings that charge hundreds of dollars each year to no-fee cards with limited rewards. Among your many options, the Bank of America® Travel Rewards credit card provides simple earnings and easy redemptions. Explore five things to know. Carissa Rawson writes for NerdWallet.
Account Recovery
JANUARY 10, 2022
What is in a name, Shakespeare asked when he wrote “Romeo & Juliet.” His intention was to illustrate that how things are named really doesn’t matter. “That which we call a rose by any other name would smell just as sweet,” Juliet says in the play. While that maybe true, in this day and age, … The post Judge Grants MTD in FDCPA Case Over Issues With Plaintiff’s Name appeared first on AccountsRecovery.net.
Nerd Wallet
JANUARY 10, 2022
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a conversation about how to craft and achieve your money resolutions in the new year. Then we pivot to this week’s money question from a listener’s text message: “I’m carrying less than $5,000 in credit card debt, Liz Weston writes for NerdWallet.
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Debt Free Colorado
JANUARY 10, 2022
When someone finds themselves in financial distress, they may consider filing for bankruptcy. But just like choosing a doctor or an in-law, not all forms of bankruptcy are the same and selecting the wrong one can wind up doing more harm than good. . Which type of bankruptcy should you take? The options include Chapter 7, Chapter 11, and Chapter 13. Every case is different, which is why you need a competent bankruptcy attorney to help determine which type of bankruptcy fits your circumstances. .
Nerd Wallet
JANUARY 10, 2022
Brian Gawthrop has waited over six months to remodel his home. The Washington state-based certified financial planner and his wife have a long enough wish list to keep a contractor busy: a kitchen remodel, new flooring, a new deck and many other upgrades. They did a cash-out refinance last summer, which lowered their mortgage rate. Annie Millerbernd writes for NerdWallet.
Qualco
JANUARY 10, 2022
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
Nerd Wallet
JANUARY 10, 2022
One question that we often get is, when should you use your miles or pay cash for flights? In the case of airline miles, the decision depends on your valuation of those miles, and then it comes down to a bit of math. However, the answer is a lot more complicated when considering transferrable point. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.
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?
Qualco
JANUARY 10, 2022
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
Nerd Wallet
JANUARY 10, 2022
The credit card industry is ultra-competitive, forcing issuers to introduce new and better offers as they try to attract customers. Yet over the years, some credit cards remain perennial favorites with consumers. That’s why these few cards continually win accolades in NerdWallet’s list of top credit cards of the year. Here’s a look at repeat. Gregory Karp writes for NerdWallet.
Qualco
JANUARY 10, 2022
NPL Management: A 5-Step Roadmap to Strategic Success is the latest e-Guide to be published by Qualco UK. You can view it here. In today's regulatory environment, when it comes to collecting overdue accounts, the clear, overarching message is that the customer must be treated fairly and ethically. However, in a small number of credit businesses, the right strategies for systems and people have not been set.
NCBA Law Practice Management Blog
JANUARY 10, 2022
It’s difficult for new attorneys , or attorneys starting a new law firm, to find consistent mentorship. The fact of the matter is that the best mentors are the best mentors because they’re busy and successful. So, seeking out only on e mentor, is not necessarily a great strategy, when the rubber comes to meet the road. But, there is a better way to find mentors, and it comes with diversification.
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Collection Industry News
JANUARY 10, 2022
The report is required for licensed agencies working with unit- owners’ associations, such as a condominium development, and must be filed by Jan. 31. Source- site. The Nevada Financial Institutions Division is reminding licensed collection agencies that collect residential debt for unit-owners’ associations of common-interest communities to file their report required by Senate Bill 186 by Jan. 31.
NACM
JANUARY 10, 2022
The construction industry recovered 92.1% of the jobs lost during earlier pandemic stages and added 22,000 new jobs in December, according to U.S. Bureau of Labor Statistics data.Nonresidential construction employment added 27,000 jobs in December: 12,900 in nonresidential specialty trade 10,400 in heavy and civil engineering 3,700 in nonresidentia.
Collection Industry News
JANUARY 10, 2022
Source- site. A new analysis by the Consumer Financial Protection Bureau revealed changes in complaint responses provided by nationwide consumer reporting companies, resulting in fewer meaningful responses and less consumer relief. In 2021, Equifax , Experian , and TransUnion together reported relief in response to less than 2% of covered complaints, down from nearly 25% of covered complaints in 2019.
Account Recovery
JANUARY 10, 2022
Setting aside partisan politics and whether President Biden’s Build Back Better Act will be law and what will happen in this November’s midterm elections, the uncertainty and lack of forward progress is causing many Democrats to raise the volume on calls to cancel student loan debt as a means of motivating their base. Hearing Democratic … The post A Stalling Agenda Could Lead to More Calls for President to Cancel Student Loan Debt appeared first on AccountsRecovery.net.
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.
Collection Industry News
JANUARY 10, 2022
January 5, 2022-Chicago-Commercial Collection Agencies of America has elected its new. Board of Directors and has announced the slate of officers of the organization. Board members include Pete Roth of CST Company, Fred Wasserspring of Lyon Collection Services, Inc., David Herer of ABC-Amega, Inc., Humberto Matz of Creditors Adjustment Bureau, Tom Claybaugh of Mountain States Commercial Credit Management, Inc., Jim McDermott of Altus Receivables Management and Steve Rauch of Rauch Milliken Inter
Collection Industry News
JANUARY 10, 2022
Source- site. A newly proposed data collection rule issued by the Consumer Financial Protection Bureau (CFPB) would place an undue burden on small business owners, farmers and lenders in South Carolina and across the United States, according to U.S. Sen. Tim Scott (R-SC), who requested that the bureau rethink its proposal. The CFPB’s proposed rule — entitled Small Business Lending Data Collection Under the Equal Credit Opportunity Act (Regulation B) — would amend Regulation B to implement an ame
Collection Industry News
JANUARY 10, 2022
Source- site. If you recently got a text, email or social-media message from a debt collector, here’s one of the first things you should do: Make sure you know your rights. New Consumer Financial Protection Bureau rules, which took effect Nov. 30, clarify how debt collectors can use modern communication methods such as email, text messages and social media to communicate with consumers, among other things.
Collection Industry News
JANUARY 10, 2022
Source- site. While expressing support for fair lending laws and regulations, ABA and the state bankers associations yesterday raised concerns about the CFPB’s long-awaited proposed rule to implement Section 1071 of the Dodd-Frank Act, which concerns the collection of credit application data for small businesses, including women-owned and minority-owned small businesses.
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