Tue.Nov 30, 2021

Harnessing the Power of Data in Debt Collections

Qualco

How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe.

Holiday savings tips: Decorating

Kasasa

It's easy to get carried away decorating your house, apartment, and office space for the holidays. We're here to let you know you can still go all out without seriously injuring your end-of-year budget.

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Harnessing the Power of Data in Debt Collections

Qualco

How Covid-19 changed the face of the lending industry? The debt collections sector is facing several challenges, like many other sectors across Europe.

Judge Remands FDCPA Class Action Back to State Court

Account Recovery

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Data Quality: What it is and how technology can improve it

Qualco

Data Quality: What it is and how technology can improve it. Data is a burning topic in the business world these days and one of the most valuable assets a financial organisation has access to.

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CFPB Research Shows Banks’ Deep Dependence on Overdraft Fees

Consumer Finance

Banks continue to rely heavily on overdraft and non-sufficient fee (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB). Press release Banking Checking account Overdrafts Data

Banks 98

Conn. Regulator Orders Agency to Refund Consumers

Account Recovery

The Connecticut Department of Banking has ordered a collection agency to refund all charges, fees, and amounts received from consumers in the state for the past five years while also announcing a hearing has been scheduled to revoke and refuse to renew a license for the company to collect in the state and possibly impose … The post Conn.

OSHA’s COVID-19 Vaccine Mandate: Proactive Measures for Private Employers to Take While the Mandate is Stayed

Jimerson Firm

On November 5, 2021, the Occupational Safety and Health Administration (“OSHA”) published 29 C.F.R.

Daily Digest – November 30. Advice from The Experts on Day 1 of Reg F; Judge Remands FDCPA Class Back to State Court

Account Recovery

ADVICE FROM THE EXPERTS ON DAY ONE OF THE REGULATION F ERA The time has come for the rubber to meet the road. For the cards to be dealt and played. For green flag to be waved and the race to start.

What to Buy (and Skip) in December 2021

Nerd Wallet

Wouldn’t it be convenient to wrap up the year with straightforward shopping advice? Alas, the retail landscape is still chaotic. So it’s hard to tell which products (if any) will be listed at an affordable price point this month.

D.C. Council Holds Hearing on Permanent Collection Bill

Account Recovery

The City Council for the District of Columbia held a hearing last night to discuss a bill that would make permanent changes to how debts are collected in the District, and while the bill still has far to travel to becoming law, it does appear to be moving closer to that point.

Omicron, Travel Bans and How They Could Impact Your Trip

Nerd Wallet

As countries rush to impose travel bans to manage the spread of the omicron COVID-19 variant, some travelers have been left stranded. Meanwhile, those with trips planned might not be able to take off. Here’s what you need to know about traveling and the omicron variant.

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How Creditors and Collectors Can Work Together for Consent Management

PDC Flow

Regulation F is now a reality. Collectors across the country have prepared as best they can and are now beginning to implement new compliance policies and procedures. But what about creditors? All creditor clients that use a third party agency should know about Regulation F.

Beyond Bitcoin: Diversification Can Help Manage Crypto Risks

Nerd Wallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. When it comes to investing, diversification is key.

Is Your Debt Actually Able to be Recovered?

JMA

Running a business is no mean feat. You’ve got to be across each department, process, and strategy. Even with the right staff in place, a great product or service on offer, and a great outlook for the future, you can still run into hurdles along the way.

52

How to Sustain Generosity Beyond the Holidays

Nerd Wallet

2020 asked a lot from us. We faced new challenges and reckoned with old ones, and often the world’s problems collided with our own individual needs. Help — whether in donations or even just attention — might’ve been hard to give when you required some yourself.

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What is Regulation F?

Payment Savvy

In 2020, the Consumer Financial Protection Bureau (CFPB) published two rules which implement the Fair Debt Collection Practices Act (FDCPA). This federal law, known as Regulation F goes into effect on November 30, 2021.

SKU vs. UPC: What’s the Difference?

Nerd Wallet

A stock-keeping unit, or SKU, is a unique alphanumeric code that is assigned to an individual product. SKUs appear on products as unique identifiers and are used to optimize inventory management and make tracking more efficient.

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Prepared Remarks of CFPB Director Rohit Chopra on the Overdraft Press Call

Consumer Finance

Director Rohit Chopra remarks at a press call on overdraft fees. Speech Banking Overdrafts

Banks 59

Best Medicare Advantage Plans in North Carolina

Nerd Wallet

Just over 2 million people in North Carolina are signed up for Medicare, making it the ninth-largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older.

Join Us on December 8 for Our Complimentary Class-Action Litigation Review Webinar

Troutman Sanders

Join us on Wednesday, December 8 as a panel of Troutman Pepper class-action litigators examine recent developments in class-action litigation and provide insights on what the future holds.

Best Medicare Advantage Plans in Georgia

Nerd Wallet

Nearly 1.8 million people in Georgia are signed up for Medicare, making it the 10th largest U.S. state for Medicare beneficiaries. Medicare is the government health care program for people age 65 and older.

Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

Consumer Finance

The Consumer Financial Protection Bureau, the Federal Reserve Board, and the Office of the Comptroller of the Currency today announced that the 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. Press release Mortgage origination

Loans 51

8 Things to Know Before Getting a Marriott Credit Card

Nerd Wallet

A Marriott credit card can help you earn free hotel nights at more than 7,000 properties in exciting destinations around the globe — from the budget-friendly TownePlace Suites Houston Northwest to the spectacular overwater bungalows of the The St. Regis Maldives Vommuli Resort.

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Agencies Announce Dollar Thresholds in Regulations Z and M for Exempt Consumer Credit and Lease Transactions

Consumer Finance

The Federal Reserve Board and the Consumer Financial Protection Bureau today announced the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2022 are exempt from Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing). Press release Regulation M Truth in Lending Act (TILA

The Best Hilton Hotels in Vegas to Book With Points 

Nerd Wallet

So you’re planning a trip to Las Vegas. Maybe you’re looking for a fun weekend away, a memorable bachelor party or simply somewhere luxurious to lay out and tan. There is an overwhelming assortment of hotels — and a system designed to capture your money.

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Debt Collector Accused Of Abusive Practices Agrees To Pay $1.2 Million Settlement And Exit Debt Collection Business

Collection Industry News

Source: site. A Williamsville debt collector accused of illegally threatening consumers with wage garnishments and driver’s license suspension has been banned from any future consumer debt collection and fined $1.2 million under a settlement with the New York State Attorney General’s Office.

Let the ‘Out-the-Door Price’ Drive Your Next Car Negotiation

Nerd Wallet

Buying a vehicle is more difficult than ever. Shoppers have long been accustomed to negotiating discounts from the figure on the window sticker. In today’s shortage-driven market, though, many dealers say there is no room for negotiating the cost of a new or used car.

Loans 66

CFPB Reaffirms That Name-Only Matching Violates FCRA

Collection Industry News

Source: site. On November 4, 2021, the Bureau of Consumer Financial Protection (the “Bureau”) issued an advisory opinion reaffirming its stance that a consumer reporting agency (“CRA”) using name-only matching procedures violates 15 U.S.C. 1681e of FCRA. The advisory opinion is an interpretive rule and became effective upon publication in the Federal Register, on November 10, 2021.