Account Recovery

FEBRUARY 14, 2022

A District Court judge in California has sided with the Office of the Comptroller of the Currency, a federal regulator of banks, after it was sued by three states — California, Illinois, and New York — for allegedly overstepping its authority when it issued a rule ensuring the terms of a loan remain valid after … The post Court Rules in Favor of OCC in ‘Valid When Made’ Suit appeared first on AccountsRecovery.net.

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Nexa Collect

FEBRUARY 14, 2022

By law, all debt collection calls initiated by a collection agency must be recorded and preserved for three years after the date of the call. The primary objective is to check if there was a violation of debt collection laws (FDCPA laws), and those recordings can be reviewed if there is a need. . Say you are a collection agency, and your client (the original creditor) contacts you to tell that they have received a complaint from the debtor telling that your debt collector was very rude over the

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Account Recovery

FEBRUARY 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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Consumer Finance

FEBRUARY 14, 2022

The Consumer Financial Protection Bureau (CFPB) is taking action to halt prepaid card providers illegally siphoning money away from Americans through exclusive government benefit contracts.

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Government 95

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

FEBRUARY 14, 2022

The database maintained by Jack Gordon and the team at WebRecon has yielded yet another Regulation F lawsuit, this one a class-action against a company accused of not only violating Reg F, but also the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act by making at least 47 phone calls to an … The post Class Action Accuses Defendant of Violating FDCPA, TCPA, Reg F For Making Too Many Calls appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Account Recovery

FEBRUARY 14, 2022

CLASS ACTION ACCUSES DEFENDANT OF VIOLATING FCPA, TCPA, REG F FOR MAKING TOO MANY CALLS The database maintained by Jack Gordon and the team at WebRecon has yielded yet another Regulation F lawsuit, this one a class-action against a company accused of not only violating Reg F, but also the Fair Debt Collection Practices Act … The post Daily Digest – February 14.

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Fair Debt Collection Collections 246

Nerd Wallet

FEBRUARY 14, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about credit unions. Then we pivot to this week’s money question from a listener’s voicemail: “Hi, my name’s Ann. Basically, I am somewhat priced out of the housing market of what I want. So my. Liz Weston writes for NerdWallet.

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Credit Unions Credit Unions 86

Account Recovery

FEBRUARY 14, 2022

Today is not only St. Valentine’s Day, but it is also the last day to submit comments to the New York Department of Financial Services to let them know what you think of their proposed amendments to the state’s debt collection regulations. It has been 60 days since the DFS released its proposed amendments, which … The post Today is the Last Day to Submit Comments on NY DFS’s Proposed Amendments to Debt Collection Regulation appeared first on AccountsRecovery.net.

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Nerd Wallet

FEBRUARY 14, 2022

Cardless is a credit card provider to individual brands, first earning a foothold in creating cards for professional sports teams, such as the Boston Celtics basketball team and soccer’s Manchester United. The San Francisco-based company was founded in 2019. Its cards are issued through FDIC-insured First Electronic Bank in Salt Lake City. Despite its name, Gregory Karp writes for NerdWallet.

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Banks 85

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UK debt collections

FEBRUARY 14, 2022

Katie Price has been reportedly been requested to attend the High Court today after failing to “fully engage” with creditors over the repayment of her multi-million pound debts to them. The former glamour model turned reality star is said to owe a total of £3.2 million and it’s being claimed she’s not repaying the debts the celebrity owes in the structured way she is supposed to be doing.

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Nerd Wallet

FEBRUARY 14, 2022

Founded in 2003 and based in Cleveland, Embrace offers comprehensive pet insurance for cats and dogs. Its standard plan reimburses up to 90% of your vet expenses for a wide variety of conditions and treatments. You can easily customize the plan to include a deductible, reimbursement amount and annual limit you feel comfortable with. All. Sarah Schlichter writes for NerdWallet.

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Collections Law

FEBRUARY 14, 2022

Usually, you can trust a corporate check written to your business. When that check turns out to have insufficient funds, however, you may wonder what you can do about it. Retail businesses have long dealt with bad checks from customers, which may not be worth pursuing if they are for a small amount. When your customer is another business, however, the amount at issue is probably significant.

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Nerd Wallet

FEBRUARY 14, 2022

What is brokerage cash? Brokerage cash is the amount of uninvested cash in your investment account. It’s a top-line number, meaning it does not factor in unsettled trades or margin collateral, and so it’s possible not all of the cash is available to invest or withdraw. Cash can accumulate in a brokerage account for a. Connor Emmert 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

Troutman Sanders

FEBRUARY 14, 2022

On January 13, Him Das, the acting head of the Financial Crimes Enforcement Network (FinCEN), highlighted ransomware as a chief national security risk. At the Financial Crimes Enforcement Conference , Das suggested that the current anti-money laundering regulations are insufficient to protect against tech-driven threats, from cyberattacks to digital asset schemes.

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Nerd Wallet

FEBRUARY 14, 2022

The Financial Independence, Retire Early, or FIRE, movement has gained mainstream media attention over the last few years. At its core, FIRE is a movement focused on obtaining financial independence and security as quickly as possible through a mixture of investing, saving and lowering expenses — with a goal of retiring early. Although not always. Josh Garber writes for NerdWallet.

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Troutman Sanders

FEBRUARY 14, 2022

In Khimmat v. Weltman, Weinberg & Reis Co., LPA , No. 2:21-cv-02944-JDW, 2022 U.S. Dist. LEXIS 21076 (E.D. Pa. February 7, 2022), Weltman, Weinberg & Reis Co., LPA (Weltman), a law firm tasked with collecting the debt owed by Alina Khimmat, sent information, including Khimmat’s name, address, status as debtor, details of the debt, and other personal information, to a letter vendor hired to assist the firm in collecting the debt.

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Debt collector Fair Debt Collection Law Firms Collections 52

Nerd Wallet

FEBRUARY 14, 2022

For many travelers, the most important aspects when booking a flight are cost and schedule. However, sometimes you may need to find specific fare class availability or want to book a particular flight or aircraft type. For those advanced searches, most online flight booking engines fall short. Thankfully, you can use a tool like ITA. JT Genter writes for NerdWallet.

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Collections

Price Meese

FEBRUARY 14, 2022

Partner, Thomas C. Martin, a long-standing member of the Legislative Action Committee of the New Jersey Community Associations Institute is pleased to announce the Legislative Action Committee has been voted the 2021 Committee of the Year. The New Jersey Community Associations Institute is a volunteer non-profit organization which fosters the needs and interests of the several thousand community associations located across New Jersey.

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Collection Industry News

FEBRUARY 14, 2022

Source- site. Veterans who owe money to the Department of Veterans Affairs will have a better chance to avoid having their debt reported to consumer reporting agencies (CRAs). VA has amended its procedures for reporting these debts until all available efforts to collect them have been exhausted and they are classified as not collectible. Also, catastrophically disabled and low-income veterans’ debts will not be reported to CRAs at all, with the understanding that these veterans are entitled to f

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Collections 52

Troutman Sanders

FEBRUARY 14, 2022

According to a recent year-in-review report by WebRecon, Fair Credit Reporting Act (FCRA) filings continued their upward trajectory throughout 2021. This stands in contrast to filings under the Fair Debt Collection Practices Act (FDCPA) or the Telephone Consumer Protection Act (TCPA), which decreased from the previous year. Meanwhile, complaints filed with the CFPB increased substantially from 2020.

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Fair Debt Collection Collections 52

Collection Industry News

FEBRUARY 14, 2022

Source- site. In one of the first efforts to tally the impact of recent overdraft fee reforms, a new analysis finds that changes under way at just five banks could save consumers more than $2 billion annually. The Pew Charitable Trusts reviewed announcements last month by Bank of America, Wells Fargo, U.S. Bancorp, Truist Financial and Regions Financial to determine how much money each company could forfeit in fees.

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Banks Loans Retail 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.

NCBA Law Practice Management Blog

FEBRUARY 14, 2022

Probably the worst thing you can do in marketing your practice on social media is to use the same messaging on every platform. If you create one post, and publish that same exact post on each platform, it will land on one, or some, but seem tone-deaf on another. That’s because each social media platform is built on different audiences. LinkedIn is lots of business professionals talking about business-y things.

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Collection Industry News

FEBRUARY 14, 2022

Source- site. LUBBOCK, Texas (KCBD) – The grand opening for Capital Federal Credit Union is scheduled to happen at 3 p.m. today at 4210 50th Street. The vision is to serve Lubbock’s underserved communities. Royce and Linda Lewis, owners of Capital Mortgage Services, saw a problem with many of their employees. They wanted to pay their employees directly into their bank accounts.

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Credit Unions Credit Unions Financial Institution Banks 52

Fico Collections

FEBRUARY 14, 2022

Traditional scorecards have been the backbone of IRB expected capital loss calculations for years, but could advances in machine learning provide better models and reductions in IRB and RWA calculations? In November 2021, the European Banking Authority (EBA), the prudential arm of the European Union, issued a discussion paper on the use of machine learning in IRB models.

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Collection Industry News

FEBRUARY 14, 2022

Source- site. In a blog post , the CFPB reported that the Department of Veterans Affairs (VA) has announced a change to when it will report information on outstanding medical bills to consumer reporting companies. Under the new VA rule, the VA will only report medical debt that meets all of the following standards: The VA has exhausted all other debt collection efforts, The VA has determined the individual responsible is not catastrophically disabled or entitled to free medical care from the VA,

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Credit Unions