Fri.Aug 19, 2022

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Judge Grants Motion to Remand FDCPA Class Action Back to State Court, Orders Defendant to Pay Attorneys’ Fees

Account Recovery

I don’t know if the dance that defendants in Fair Debt Collection Practices Act cases have to do around the issue of standing is a tap dance or more of a soft-shoe number, but there is definitely some graceful movements that are required. One defendant is being required to pay for trying to remove an … The post Judge Grants Motion to Remand FDCPA Class Action Back to State Court, Orders Defendant to Pay Attorneys’ Fees appeared first on AccountsRecovery.net.

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Debunking The Fear of Using B2B Debt Collections

Enterprise Recovery

As a business owner or accounts receivable specialist, you may have some fear around sending an account to a debt collections company. For one thing, you're entrusting a third party with your client relationship and your money and facing potentially unexpected costs. You may also have heard some really bad things about debt collections. Enterprise Collections LLC has been helping our clients recover debts for years, and we're happy to answer questions and ease any uncertainty.

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Defendant Files MTD in FDCPA Class Action Over Settlement Offer in Letter

Account Recovery

A defendant has filed a motion to dismiss a Fair Debt Collection Practices Act class-action lawsuit, arguing that the plaintiff does not have standing to sue because she did not suffer any damages when she received a collection letter offering to settle the debt for less than the full amount owed because she did not … The post Defendant Files MTD in FDCPA Class Action Over Settlement Offer in Letter appeared first on AccountsRecovery.net.

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Top Crypto Hardware Wallets for 2022

Nerd Wallet

To buy, sell or hold Bitcoin and other cryptocurrencies, you need a crypto wallet to protect your funds. There are two main options for your crypto wallet: “Hot” wallets connect to the internet on your computer or phone, and “cold” wallets are hardware-based devices that plug into your computer’s USB port, which you can use. Dalia Ramirez writes for NerdWallet.

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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.

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Colorado AG Publishes Memo Detailing New Medical Collection Requirements

Account Recovery

The Colorado Attorney General’s office has sent a memo to licensed collection agencies in the state, making sure they are aware that a new law is going into effect on September 1 that will change how medical debts are collected in certain situations. A copy of the entire memo can be accessed by clicking here. … The post Colorado AG Publishes Memo Detailing New Medical Collection Requirements appeared first on AccountsRecovery.net.

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Collector Facing Class Action Over MVN’s Use of ‘Now’

Account Recovery

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 Collector Facing Class Action Over MVN’s Use of ‘Now’ appeared first on AccountsRecovery.net.

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What to Know Before Flying American With Pet Cargo

Nerd Wallet

Whether it’s introducing your furry friend to your family or getting to explore hiking and beaches with your pet in a new destination, traveling with your pet can add to your travel experience. If you’re considering flying with your pet on American Airlines, here’s what you need to know about American Airlines’ pet cargo policies. Josh Garber writes for NerdWallet.

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Daily Digest – August 19. Collector Facing Class Action Over MVN’s Use of ‘Now’; Judge Orders Defendant to Pay Attorneys’ Fees in Remanding FDCPA Case

Account Recovery

COLLECTOR FACING CLASS ACTION OVER MVN’S USE OF ‘NOW’ Yesterday, we wrote about the word “obligation” being the source of issue in a Fair Debt Collection Practices Act and lamented that one word could be the difference between a lawsuit being filed and not, and today is yet another example of that. Today’s word, though, … The post Daily Digest – August 19.

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The Guide to Cruise Insurance

Nerd Wallet

Travel insurance can save you when you’re in a pinch, and cruises are especially important to protect. Whether you experience a flight delay, your car breaks down or you get sick, having a backup plan that will cover the cost of your trip, or at least help you get there without extra expense, can be. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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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.

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Under the Fed’s Tiered System, Requests for Master Account Access by Cryptocurrency Companies Will Be Subject to the Strictest Scrutiny

Troutman Sanders

On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests from fintech firms and cryptocurrency companies for access to master accounts. The guidelines make clear that while requests from institutions with federal deposit insurance will be subject to a streamlined review, institutions that engage in novel activities, such as cryptocurrency, will undergo a far more extensive one.

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A Scarcity Mindset Can Cost You Mentally and Financially

Nerd Wallet

We all saw it at grocery stores in 2020. The shelves, once brimming with toilet paper and hand soap, were bare. We hid in our homes, deep-cleaning every surface, occasionally braving the threat of COVID-19 to hunt down the last remaining bottle of hand sanitizer in a 50-mile radius. We felt out of control, so. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Fifth Circuit Holds Mere Statutory Violation of the FDCPA, Future Risk of Harm, Confusion, and Lost Time Are Insufficient to Establish Article III Standing

Consumer Finance Watch

Wayne Streibich, Diana M. Eng, and Alina Levi Financial institutions, debt collectors, debt collection law firms, and consumer-facing businesses should take note that the Fifth Circuit Court of Appeals has ruled that merely asserting a statutory violation of the Fair … Continue reading → The post <strong>Fifth Circuit Holds Mere Statutory Violation of the FDCPA, Future Risk of Harm, Confusion, and Lost Time Are Insufficient to Establish Article III Standing</strong> a

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The Guide to IMG Travel Insurance

Nerd Wallet

Are you planning to travel soon? We don’t blame you — spending the last few years dealing with country shutdowns, testing requirements and travel restrictions has considerably impacted everyone. If you’ve booked a vacation, you may wonder if you should purchase travel insurance. Among a variety of providers from which to choose, IMG insurance offers.

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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?

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Tackling the Fintech Threat: A Guide for Banks and Credit Unions

Fico Collections

Home. Blog. FICO. Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. FICO. Thu, 12/19/2019 - 16:29. by Darryl Knopp. expand_less Back To Top. Fri, 08/19/2022 - 15:30. As FinTech funding rises to new record levels – $131.5 billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers.

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4 Ways To Simplify Your Debt Recovery

Taurus Collect

Recovering money that customers owe your organisation – known as commercial debt collection is an inevitable part of every business. However, it does not have to be complicated or stressful for business owners. One of the effective ways to ensure a consistent stream of revenues is to strengthen your debt collection game. This also equips you to protect your business from any liabilities or losses.

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Is “Enterprise Intelligence” an Oxymoron? Breaking the 5 Blockers

Fico Collections

Home. Blog. FICO. Is “Enterprise Intelligence” an Oxymoron? Breaking the 5 Blockers. Enterprise intelligence that powers digital customer experiences has never been more advanced — so why are 70% of digital transformations floundering? FICO. Tue, 07/02/2019 - 02:45. by Jim Neumann. expand_less Back To Top. Fri, 08/19/2022 - 10:30. Banks and insurance companies are learning the hard way that the best way to stem customer defections is through better digital customer experiences, the result of a m

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