Account Recovery
SEPTEMBER 12, 2023
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?
Qualco
SEPTEMBER 12, 2023
During a tightening cycle, central banks worldwide raise interest rates in an attempt to curb inflation. As a result, loan borrowers with floating rates, also referred to as adjustable or variable rates, face higher monthly payments due to increased interest expenses. Consequently, non-performing and performing forborne exposures become more vulnerable to distress or default.
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Account Recovery
SEPTEMBER 12, 2023
Complaint Accuses Creditor of Violating TCPA, RFDCPA California AG Goes on Attack Against Medical Debt CFPB Shuts Down Leasing Company, Orders $36M in Fines and Restitution SEC Sues Debt Buyer, Accuses Owner of Fraud WORTH NOTHING: A dog has been reunited with its owner after roaming the Atlanta airport for three weeks … I’m not […]
Credit Corp
SEPTEMBER 12, 2023
The top three vehicles with the cheapest insurance rates are the Subaru Outback at $1,512 per year, the Subaru Crosstrek at $1,516 per year, and the Honda CR-V LX at $1,517 per year. Nobody wants to pay too much for car insurance, so if you’re in the market for a new vehicle, it can be beneficial to know the cheapest cars to insure. You may not realize it, but your location can also determine how much you’re paying for car insurance.
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
SEPTEMBER 12, 2023
The Securities and Exchange Commission yesterday filed a lawsuit in Minnesota federal court accusing a debt buying company and its owner of defrauding investors who committed nearly $3 million that was intended to buy portfolios of distressed debt that would be placed with third-party agencies for collections, some of which was instead used to cover […]
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Account Recovery
SEPTEMBER 12, 2023
The Consumer Financial Protection Bureau, in conjunction with 41 different states and the District of Columbia, yesterday announced an enforcement action with a consumer finance company that was accused of tricking consumers who were seeking financing at retail operations into signing leases that left consumers unable to return the merchandise.
True Accord
SEPTEMBER 12, 2023
If your business and collection partners aren’t utilizing email in your debt recovery strategy, you’re leaving vital engagement opportunities (and potential collections) on the table. There are plenty of reasons why digital communications are the way to go , but reaching out through email is especially important in collections. Surveys show that 59.5% of consumers prefer email as their first choice for communication, and 14% of bill-payers prioritize payments that offer lower-friction paym
Account Recovery
SEPTEMBER 12, 2023
The Attorney General of California yesterday sent a letter to a number of federal agencies, including the Consumer Financial Protection Bureau and the Department of Health & Human Services, calling for federal regulations on medical payment products, such as medical credit cards, saying the products “can leave users with crushing debt and long-term financial hardship, […]
Consumer Finance
SEPTEMBER 12, 2023
Director Chopra delivered remarks discussing the implosion of Lehman Brothers and the regulatory framework implemented by the CFPB.
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Troutman Sanders
SEPTEMBER 12, 2023
Parking Revenue Recovery Services, Inc. (PRRS), a collection company, was accused of violating the Colorado Fair Debt Collection Practices Act (CFDCPA) by allegedly illegally collecting or attempting to collect on parking fines that were already paid or were incurred by another vehicle owner. PRRS was also accused of allowing its collection license to expire on July 1, 2022, not submitting a new license application until December 2022, but still continuing to collect debts in the state in the in
CICM
SEPTEMBER 12, 2023
Take a look at our esteemed panel of judges, experts in their fields and advocates for the Credit and Collections Industry. Have you entered yet? If not, you have until 22nd September to submit your entry – don’t miss out of winning a category at the industries flagship event. The post Judges announced for the British Credit Awards 2024!
Credit Corp
SEPTEMBER 12, 2023
You can remove collection accounts from your credit report by disputing inaccuracies, asking for goodwill deletions, or requesting a pay for delete agreement. Collection accounts are bad for your credit score. These accounts can make it harder to get approved for new credit since they stay on your credit report for up to seven years. That’s why learning how to remove collections from your credit report can help you clean up your credit history and open more financial doors in the future.
NACM
SEPTEMBER 12, 2023
NACM's Professional Certification Program gives credit professionals an opportunity to use their knowledge and skills to their advantage. Whether advancing your career, expanding your knowledge on basic information or even learning completely new skills, earning designations help credit professionals with career growth. Earning designations are not.
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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