Account Recovery

AUGUST 18, 2021

BEDARD DISCUSSES VALIDATION INFORMATION EXCEPTION With every rule, there is always an exception and the Consumer Financial Protection Bureau’s debt collection rule, known officially as Regulation F, is no different. When it comes to everything that John Bedard of Bedard Law Group has been talking about recently in episodes of “You Wanted a Rule, You Got a … The post Daily Digest – August 18.

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Creditors Collections 246

Nerd Wallet

AUGUST 18, 2021

If you decide to extend your next trip by a couple of days — or even a couple of hours — and that trip involves a rental car, be careful. Rental cars are in short supply, and because of that, rental car prices have skyrocketed. In some cases, even a limo is cheaper. And in. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia.

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Account Recovery

AUGUST 18, 2021

With every rule, there is always an exception and the Consumer Financial Protection Bureau’s debt collection rule, known officially as Regulation F, is no different. When it comes to everything that John Bedard of Bedard Law Group has been talking about recently in episodes of “You Wanted a Rule, You Got a Rule” with respect … The post Bedard Discusses Validation Information Exception appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

AUGUST 18, 2021

In this series, NerdWallet interviews people about their journey to tame debt. Responses have been edited for length and clarity. Karen and Sylvester Akpan Paid off: $201,060 in 18 months Karen Akpan lost her high-paying contract in clinical research in 2019. She and her husband, Sylvester, had no savings and made an estimated $50,000 gross. Laura McMullen writes for NerdWallet.

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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

AUGUST 18, 2021

A proposed settlement has been reached between the Consumer Financial Protection Bureau and a debt collector it sued back in 2019 that will see the collector and its owner pay a fine of $850,000, update its policies and procedures with respect to reporting debts to credit bureaus, and ensure the accuracy of accounts on which … The post Collector to Pay $850k in Proposed Settlement With CFPB appeared first on AccountsRecovery.net.

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Debt collector Collections 246

Account Recovery

AUGUST 18, 2021

The Bureaus, Inc. gives back through support of charities and non-profit organizations working to improve the quality of life for those in our communities. Charitable giving and social responsibility have gone hand in hand with our success since our business began in 1928. We enjoy working with organizations that impact our local communities and those … The post The Bureaus, Inc.

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Consumer Finance

AUGUST 18, 2021

A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantially between 2019 and 2020.

Loans 101

Loans 101

Account Recovery

AUGUST 18, 2021

Portfolio Recovery Associates is closing its office in Birmingham, Ala., which will affect 133 employees who worked there. The company filed a notice with the state Department of Commerce in late July. The office will close at the end of September. The office in Birmingham is one of 10 the company has across the country. … The post PRA Group to Close Birmingham Office appeared first on AccountsRecovery.net.

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Roths Child Law

AUGUST 18, 2021

There are a lot of reasons why people do not use bankruptcy, even when it is clearly the best option for them. Some of them think that it’s too complicated. Others worry about losing what they own. Still others are not sure they qualify. But one big reason is the stigma surrounding bankruptcy, which can cause people to feel guilty and/or feel as if they have failed.

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Bankruptcy Creditors Loans 98

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Collections

Account Recovery

AUGUST 18, 2021

A District Court judge in New York has ruled in favor of the defendants in two separate Fair Debt Collection Practices Act cases, determining that entities that purchase debts do not have to disclose the chain of title detailing how they came to acquire those debts in the initial collection letters. A copy of the … The post Judge Rules for Defendants in Two FDCPA Current Creditor Cases appeared first on AccountsRecovery.net.

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Creditors Fair Debt Collection Collections 246

Nerd Wallet

AUGUST 18, 2021

Total Merchant Services (TMS) is a merchant services provider with a wide variety of offerings, ranging from payment processing and point-of-sale to merchant cash advances and payment gateways. Founded in 1996, TMS says it has worked with over 500,000 small and medium-sized businesses and processes over $12 billion in annual credit and debit card transactions.

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Credit Corp

AUGUST 18, 2021

This article originally appeared on Finder.com and has been republished here with permission. Thinking it’s time to break up with your bank? Unfortunately, some banks don’t make the process as simple as they could. This leads many people to keep unused bank accounts much longer than they should. Rather than risk being charged monthly fees on an inactive account, here are some simple steps you can take to close your bank account. 1.

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Nerd Wallet

AUGUST 18, 2021

Running a restaurant is a complicated business, but luckily the right POS system can help you keep things running smoothly. If you’re looking for a POS solution for your restaurant, Toast and ShopKeep are two names you’ve likely come across in your research. These two options run on different operating systems and have some unique qualities. This. Jennifer Post writes for NerdWallet.

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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

Burr Forman

AUGUST 18, 2021

The Financial Industry Regulatory Authority (“FINRA”) recently kicked off a “sweep” examination with its August 2021 Targeted Exam Letter on “practices and controls related to the opening of options accounts and related areas, including account supervision, communications and diligence.” The exam covers both self-directed and rep-recommended retail accounts (not institutional or managed accounts) during January 1, 2020 through the present.

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Trade Retail Financial Institution 52

Nerd Wallet

AUGUST 18, 2021

With COVID-19 restrictions mostly lifted in the U.S. (though that’s changing), you may be enjoying a more social summer than you were last year. But dinners out and movie tickets can seem pricey compared with a year and a half of home-cooked meals and whatever’s on TV — especially if you experienced pandemic-related financial hardships. Sara Rathner writes for NerdWallet.

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Burr Forman

AUGUST 18, 2021

In line with the recent trend of courts giving increased scrutiny to standing in consumer finance cases, the Sixth Circuit Court of Appeals dismissed an appeal this week under the Fair Debt Collection Practices Act (“FDCPA”) for lack of Article III standing in Ward v. National Patient Account Services Solutions, Inc. , No. 20-5902, 2021 WL 3616067, — F.4th — (6th Cir.

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Debt collector Fair Debt Collection Judgment Collections 52

Nerd Wallet

AUGUST 18, 2021

The good news is that Medicare Part B may cover the seat lift mechanism in a lift chair that a doctor prescribes for use in your home. The bad news is that you must pay for the full cost of the upholstered chair. A lift chair, which typically incorporates a motorized seat lift, can be. John Rossheim writes for NerdWallet. Email: USexpansion@nerdwallet.com.

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Collections

Payment Savvy

AUGUST 18, 2021

There are many payment processors available today. Merchant providers help businesses keep cash flow steady with consumer-friendly payment options. PayPal and Square are both typical processors enterprises utilize. However, high-risk businesses are not necessarily welcome on the platforms. Both companies have prohibited industries they refuse to do business with.

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Credit Unions Credit Unions Collection Agencies Collections Agency 52

Nerd Wallet

AUGUST 18, 2021

If you want luxury in the skies, there’s arguably no better airline than Singapore Airlines. While the best experience on Singapore is undoubtedly its luxurious Suites class service, most of us can’t afford tens of thousands of dollars or a big heap of points to get our own onboard bedroom. But don’t be disappointed if. Eric Rosenberg writes for NerdWallet.

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Fico Collections

AUGUST 18, 2021

This post explores the credit card trends in the US, UK and Canada, reviewing regional differences and focussing on the impact of the pandemic. Part 1 covers activity, limits, utilisation, spend, cash and interest. The data shows that whilst there were some common trends, there were differences in when they first emerged, with the UK seeing the greatest lag.

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Nerd Wallet

AUGUST 18, 2021

Nationwide Mutual Group is one of the largest insurance companies in the United States, underwriting nearly $18.5 billion in insurance premiums each year across a variety of products. Business insurance is one of the many types of protection that Nationwide has to offer, from standard policies to specialized coverage for specific industries such as construction, Katherine Fan writes for NerdWallet.

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Construction 93

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.

Roths Child Law

AUGUST 18, 2021

There are a lot of reasons why people do not use bankruptcy, even when it is clearly the best option for them. Some of them think that it’s too complicated. Others worry about losing what they own. Still others are not sure they qualify. But one big reason is the stigma surrounding bankruptcy, which can cause people to feel guilty and/or feel as if they have failed.

Bankruptcy 40

Bankruptcy Creditors Loans 40

Credit Corp

AUGUST 18, 2021

It’s no secret that you have a credit score. You might’ve even taken a peek at your credit score every now and again. But we’ve got some news for you—you have more than one score. In fact, you have dozens of credit scores. How can you keep track of them all? Here’s where you can start—sign up for ExtraCredit. When you do, you’ll get access to Track It , which will show you 28 of your FICO scores.

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Lender Creditworthiness Loans Education 98

NACM

AUGUST 18, 2021

Global trade continues to recover at an unexpected rate from the pandemic, but new data indicates recovery may now start plateauing, according to the World Trade Organization's (WTO) goods trade barometer reading posted today.The barometer latest reading reached a record level of 110.4, the highest number since the indicato.

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Trade 5

Fico Collections

AUGUST 18, 2021

In my last blog , we explored why lenders should use analytics beyond single credit scores when making originations decisions. To recap, pooled models are a great option for organizations that lack the data and resources to develop custom models, and they can help creditors make more precise, value-based decisions at the critical originations stage.

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Credit Unions Credit Unions Lender Banks 52

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Credit Unions