Account Recovery

JANUARY 18, 2022

In a case that is emblematic of the type of debt collection cases now finding their way into state courts across the country, which was defended by Christopher Morris from Bassford Remele and Danielle Savington from Savington Law Offices, a state court judge in Nebraska has granted a defendant’s motion for summary judgment in a … The post State Court Judge Grants MSJ For Defendant in FDCPA Case Over Complaint Filed in Wrong Venue appeared first on AccountsRecovery.net.

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American Profit Recovery

JANUARY 18, 2022

By Angela: A lot of what we do is simply understanding and reasoning with our consumers. We work hard to build rapport and keep relationships for our clients so that their consumers have a good experience with us. While some people have these pre-determined ideas of how we don’t understand nor care before calling us, the truth is we are everyday people, all facing similar battles.

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Collections 228

Account Recovery

JANUARY 18, 2022

A debt buyer has filed suit against Citigroup, accusing the mega-bank of a “classic ‘bait and switch’ ” by promising to sell delinquent credit card portfolios containing accounts with certain characteristics, but instead putting accounts into the portfolios that had a much lower chance of recovery. A copy of the complaint in the case of … The post Debt Buyer Sues Citi for ‘Bait and Switch’ When Selling Portfolios appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 18, 2022

As of December, prices across all goods and services had risen more in a single year than they had in nearly 40 years. The impact of that 7% increase stands to hurt already-vulnerable Americans the hardest. A 7% markup can leave high earners unfazed. Others with even some savings and discretionary income can take action. Elizabeth Renter 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

JANUARY 18, 2022

January is a time for resolutions and goal-setting. A new calendar offers a huge horizon fill with opportunity. AccountsRecovery.net asked veterans within the accounts receivable management industry to share their goals for 2022. Here is what they said: Gordon Beck, Valor Intelligent ProcessingMy goal for 2022 is to continue to adjust to our ever-changing industry … The post Industry Vets Share Their Goals for 2022 appeared first on AccountsRecovery.net.

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Accounts Receivables Management 246

Account Recovery

JANUARY 18, 2022

DEBT BUYER SUES CITI FOR ‘BAIT AND SWITCH’ WHEN SELLING PORTFOLIOS A debt buyer has filed suit against Citigroup, accusing the mega-bank of a “classic ‘bait and switch’ ” by promising to sell delinquent credit card portfolios containing accounts with certain characteristics, but instead putting accounts into the portfolios that had a much lower chance … The post Daily Digest – January 18.

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Banks 246

Public Citizen

JANUARY 18, 2022

by Paul Alan Levy. Late last year, Harrison Greenbaum , a New York comedian and magician, included Christopher Nicholas Sarantakos, better known in the magician trade as Criss Angel , who is, apparently, a very well known magic act, in an annual satirical review that he offers of major figures in the magic trade. A particular point of this performance was a restaurant that Sarantakos opened in a rural area outside Las Vegas called Criss Angel Breakfast Lunch and Pizza, or CABLP.

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Account Recovery

JANUARY 18, 2022

MINNETONKA, Minn. — Central Portfolio Control (CPC), a debt collection agency in the western suburbs of Minneapolis, MN, is helping the less fortunate this holiday season through an initiative to assemble and distribute care packages for people experiencing homelessness in the area. The Twin Cities of Minneapolis and Saint Paul, just a short drive East … The post Central Portfolio Control Provides for Minnesota Homeless Over Holidays appeared first on AccountsRecovery.net.

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Nerd Wallet

JANUARY 18, 2022

Travel credit cards can be quite lucrative — from earning deeply discounted first-class flights to receiving complimentary hotel elite status, the perks these cards offer can significantly improve your travel life. But it’s not all high-end award redemptions and free checked baggage; every travel credit card comes with its own set of points, redemption values, Carissa Rawson writes for NerdWallet.

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Collections

Account Recovery

JANUARY 18, 2022

A bill has been introduced in the House of Representatives that seeks to abolish the Consumer Financial Protection Bureau, accusing it of being an “overreaching government agency with no Congressional oversight.” H.R.6409 was introduced last week by Rep. Byron Donalds [R-Fla.] and was cosponsored by Rep. Ted Budd [R-N.C.], Rep. Alexander Mooney [R-W.V.], and Rep. … The post Bill Introduced in House to Abolish CFPB appeared first on AccountsRecovery.net.

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Government 242

PDC Flow

JANUARY 18, 2022

Have you ever wondered what people who use software products really think about their tools? Now you can find out! PDCflow was recently given several awards from software review website G2 Crowd , based directly on customer feedback. With an overall rating of 4.7 out of 5, it’s safe to say our customers are happy about our payment communication software.

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Collections 84

Prosperity Now

JANUARY 18, 2022

On January 14, 36 million families, with 65 million children, should have received their seventh monthly Child Tax Credit (CTC)

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Nerd Wallet

JANUARY 18, 2022

If you’ve ever decided to get a handle on your cash flow, you know that the first step is knowing how you’re spending your money. That’s something really low on the fun-to-do meter. Expense tracker apps help you collect and classify your purchases so that you can identify areas that might be trimmed. Or, in. Hal M. Bundrick, CFP writes for NerdWallet.

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Collections 77

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

Troutman Sanders

JANUARY 18, 2022

Will 2022 be the year of comprehensive digital asset legislation in the U.S.? In 2021, Congress waded into the digital asset policy waters through its inclusion of expanded cryptocurrency and digital asset rules as part of the $1 trillion Infrastructure Investment and Jobs Act (HR 3584), which was signed into law by President Joe Biden on November 15.

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Nerd Wallet

JANUARY 18, 2022

One of the many ways to redeem Membership Rewards points is to pay for travel through the American Express Travel portal. Whether it’s to book flights, hotels, cars, cruises or vacations, you can use the AmEx Pay With Points option. However, the redemption rate varies depending on the type of travel you book and the. JT Genter writes for NerdWallet.

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Troutman Sanders

JANUARY 18, 2022

On January 10, the Federal Trade Commission’s final rule , amending the Standards for Safeguarding Customer Information (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA), became effective. We wrote about the final rule when it first published in October 2021 (see here ). As a practical matter, the amendments will likely require many financial institutions to revisit and revise their policies and procedures, including, for example, in the areas of risk assessments, vendor oversight, and i

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Nerd Wallet

JANUARY 18, 2022

In many ways, travel in 2021 was more challenging than it was in 2020. While demand for travel returned, sufficient hospitality staffing often did not, leading to long waits at airports, hotel check-in desks and restaurants. The eye-catching travel deals seen in 2020 mostly faded away, making way for price increases, like soaring rental car. Sally French writes for NerdWallet.

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Collections

Burr Forman

JANUARY 18, 2022

Background and Development. On December 7, 2021, the Financial Crimes Enforcement Network (“FinCEN”) published a Notice of Proposed Rulemaking (“NPRM”) for the Corporate Transparency Act (the “CTA”). FinCEN announced that this NPRM would be the first of three proposed rules, which are designed to finalize the regulations under the CTA. The CTA was initially passed on January 1, 2021, to enhance corporate transparency in the United States by requiring that certain entities formed or registered t

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Troutman Sanders

JANUARY 18, 2022

Finding that the defendant debt collector was entitled to rely on the information provided by its client about the name of the debtor, a district court judge in Washington state granted summary judgment in favor of Puget Sound Collections, Inc. (PSC) in a Fair Debt Collections Practices Act (FDCPA) case. Angela Campbell v. Puget Sound Collections, Inc., a Washington Corporation d/b/a PSC, Inc., Case No.

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Nerd Wallet

JANUARY 18, 2022

Erie renters insurance is available through independent agents in 12 states and Washington, D.C. Although the company’s geographical reach is limited, its policies are worth considering if you’re eligible. Erie offers a variety of ways to customize and save on your policy, and it draws fewer consumer complaints than expected for a company of its. Sarah Schlichter writes for NerdWallet.

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Troutman Sanders

JANUARY 18, 2022

Kamran Salour (CIPP/US, CIPP/E, and CIPT), an experienced data security attorney, has joined Troutman Pepper’s national Cybersecurity, Information Governance, and Privacy practice in Orange County as a partner. Salour will help grow the firm’s Data Security Incident Response team. He joins the firm from Lewis Brisbois. “Kamran brings an excellent blend of incident response, compliance, and litigation expertise to our national Cybersecurity team,” said John West, chair of the firm’s Business Liti

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Government 52

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 18, 2022

3 January 2022, COPLEY, Ohio — DebtNext Software is pleased to welcome Kristin Dougherty as its new National Sales Director. In her new role, Kristin will be responsible for continuing to grow DebtNext Software’s client base across multiple industry verticals. “We’re very excited and fortunate to have Kristin joining our team to lead our sales efforts as we continue to expand the value our Platform brings to our client base.

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