Account Recovery

NOVEMBER 14, 2022

JUDGE DISMISSES FDCPA CLASS ACTION FOR LACK OF STANDING A District Court judge in New Jersey has dismissed a Fair Debt Collection Practices Act case, ruling the plaintiff does not have standing to sue after accusing the defendant of adding a collection charge to the amount owed before the debt was collected and because the … The post Daily Digest – November 14.

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Fair Debt Collection Collections 246

Collect More

NOVEMBER 14, 2022

“What is the absolute most you can pay today?” Our favourite question, bar none. If this nugget of gold isn’t in your collection repertoire, then you could be missing out on hundreds, if not thousands of dollars. When a debtor tells us they’ll pay it next week, we ask this question. When they say they can’t pay the full amount today, we ask this question.

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Debtor Collections 100

Account Recovery

NOVEMBER 14, 2022

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Nerd Wallet

NOVEMBER 14, 2022

The average regular gas price in the U.S. as of Nov. 14 is $3.773 per gallon, according to AAA, which tracks gas prices. So are gas prices going down? Well, it depends on what you’re comparing with the current prices. It’s much cheaper than some of the prices we saw this year. The average price. Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com.

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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

NOVEMBER 14, 2022

A District Court judge in New Jersey has dismissed a Fair Debt Collection Practices Act case, ruling the plaintiff does not have standing to sue after accusing the defendant of adding a collection charge to the amount owed before the debt was collected and because the defendant’s logo could be seen through the glassine window … The post Judge Dismisses FDCPA Class Action for Lack of Standing appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 245

Account Recovery

NOVEMBER 14, 2022

A lot of the focus these days — and rightfully so — is making sure that collection operations are communicating with consumers via the channels that the consumers prefer. It improves right-party contact rates, and makes it more likely that the consumer will pay off the debt. But how is the consumer going to pay … The post How Consolidated Payment Options can Curb Consumer Complaints appeared first on AccountsRecovery.net.

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Collections 245

Credit Corp

NOVEMBER 14, 2022

We often think of retirement as a time when we should preserve our wealth, instead of building an impressive credit score. While this may be the case in some instances, as a majority of retirees often scale down on their borrowing, keeping your credit score high during retirement can be beneficial for a variety of reasons. It tends to differ from person to person. . credit score during retirement.

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Lender 98

Account Recovery

NOVEMBER 14, 2022

The Supreme Court of North Carolina voted three-to-three — with one justice abstaining — in a case involving a consumer suing a debt buyer alleging it violated the North Carolina Economic Protection Act when the debt buyer sued to collect on an unpaid debt but allegedly did not submit all the paperwork it needed to … The post N.C. Supreme Court Splits on Debt Collection Case appeared first on AccountsRecovery.net.

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Consumer Finance

NOVEMBER 14, 2022

Today, the Consumer Financial Protection Bureau (CFPB) issued two reports on the tenant background check industry.

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Nerd Wallet

NOVEMBER 14, 2022

No one knows for sure when — or if — student loan forgiveness is coming. As of now, you should plan for payments on your federal student loans to resume in January 2023, especially if you were counting on debt cancellation to erase your balance entirely. Why? A federal judge in Texas has struck down. Cecilia Clark writes for NerdWallet. Email: cclark@nerdwallet.com.

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Student loans Student Loans Loans 91

UK debt collections

NOVEMBER 14, 2022

The combination of accountants’ expertise and real-time cashflow forecasting can play a major role in safeguarding small businesses against the worsening issue of late client payments, according to Alex von Schirmeister, managing director UK & EMEA at Xero. “Any company that is very aware of its accounts and on top of its numbers will have more information at hand and will therefore be able to spot cashflow problems more easily,” he says.

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Government 59

Nerd Wallet

NOVEMBER 14, 2022

Many hotels feature club lounges for guests booking premium rooms or those with hotel elite status. These locations typically feature complimentary breakfast, daily refreshments and evening snacks and drinks. There is also the option for private concierge or reception service as well as a quiet place to work or relax. But some are positioned as. Ramsey Qubein writes for NerdWallet.

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Consumer Finance

NOVEMBER 14, 2022

Hoy día, la Oficina para Protección Financiera del Consumidor (CFPB) ha emitido dos reportes sobre la industria de la verificación de antecedentes de inquilinos.

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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

Nerd Wallet

NOVEMBER 14, 2022

With year-round highs in the 80s and average lows rarely dipping below 65 degrees, there’s really no bad time of year to visit Hawaii — but depending on why you’re visiting, some times can be better than others. When is the best time to visit Hawaii? The answer depends on your travel budget, preferred activities, June Casagrande writes for NerdWallet.

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Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Their goal is the same, although the method of processing them turns from manual to digital, bringing a range of benefits along. Beyond reducing paper waste, using electronic checks is associated with lower costs as well as a more secure and time-efficient way of processing transactions.

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Banks Financial Institution Loans 52

Nerd Wallet

NOVEMBER 14, 2022

S&P 500 index (SPX) This chart shows how the S&P 500 has performed over the past year. Top 10 performers in the S&P 500 index This chart shows the top-performing stocks in the S&P 500, based on one-year returns. Data is for informational purposes only. More on the S&P 500 What is the S&P 500? Alana Benson writes for NerdWallet.

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On Guard

NOVEMBER 14, 2022

The economic world is on edge with several crises sweeping over the Netherlands. The economic downturn this may lead to can have a major impact on companies. They are therefore tempted to apply the financial brakes, as the future seems uncertain. But this is precisely the time to optimise, automate and innovate. Because there are still plenty of innovations that can take the business world to the next level.

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Collections 52

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Collections

Nerd Wallet

NOVEMBER 14, 2022

American Express only relatively recently added trip delay insurance protection to eligible cards. Before 2020, travelers might have had to make a choice between using a credit card with trip delay protections or an AmEx card that earned more points. But now, the issuer has added trip delay insurance as a benefit to some of. JT Genter writes for NerdWallet.

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Prosperity Now

NOVEMBER 14, 2022

In 1996, then-President Bill Clinton signed the Personal Responsibility and Work Opportunity Act, replacing the New Deal-era federal assistance program

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Nerd Wallet

NOVEMBER 14, 2022

Customization is the new “in” thing for loyalty programs. Rather than all members earning the same rewards, more airlines and hotel programs offer loyal members their choice from a list of perks. And that’s just what American Airlines offers elite status members through Loyalty Choice Rewards. Here’s how to earn these valuable Loyalty Choice Rewards.

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Collection Industry News

NOVEMBER 14, 2022

The US Federal Reserve increased interest rates by 75 basis points in its latest policy meeting, its fourth straight supersized hike this year. This decision lifts the target for the benchmark federal funds rates to its highest level since 2008. After keeping interest rates near zero since the beginning of Covid, the FOMC started raising interest rates in the first quarter of the year.

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Banks Collections Government 40

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.

Nerd Wallet

NOVEMBER 14, 2022

For many, visiting family for the winter holidays is a matter of “how,” not “if.” But this year, rising costs could make travel less affordable, especially when paired with other life changes — say, moving cross-country, going to school or getting married. The best way to tame these holiday travel costs? Set financial boundaries with. Dalia Ramirez writes for NerdWallet.

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Troutman Sanders

NOVEMBER 14, 2022

The Biden administration’s student loan forgiveness program is on hold indefinitely after a Texas federal court issued its decision , finding the program to be unconstitutional. In Brown v. U.S. Department of Education , the Northern District of Texas held that the Higher Education Relief Opportunities for Students Act of 2003 (HEROES Act) does not authorize the administration to create the student loan relief program.

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Student loans Student Loans Loans Education 52

Nerd Wallet

NOVEMBER 14, 2022

Selling your car makes financial sense when the money you could get from the deal is more useful to you than keeping the vehicle. This might be the case if you’ve lost your job or can’t afford the payments. But there are a few things to keep in mind when preparing to sell your car. Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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Loans 71

Nerd Wallet

NOVEMBER 14, 2022

Just in time for the busy holiday travel season, Chase and United Airlines are giving the gift of bonus miles. Beginning on Nov. 10, 2022, each of the four consumer United credit cards issued by Chase will earn a boosted bonus for a limited time. Those offers are: United Gateway? Card: Earn 30,000 bonus miles. Jaime Hanson writes for NerdWallet. Email: jhanson@nerdwallet.com.

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