Account Recovery

JANUARY 6, 2022

A company that made cash advances to small businesses has reached a settlement with the Federal Trade Commission that will see the defendants pay $675,000 while also being permanently banned from participating in any debt collection activities. A copy of the stipulated order for permanent injunction and monetary judgment in the case of FTC v. … The post Settlement With FTC Bans Defendants From Collections, Imposes $675k Fine appeared first on AccountsRecovery.net.

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Nexa Collect

JANUARY 6, 2022

Wholesale and distribution companies are the vital link between manufacturers and customers, and their role in US economy is undoubtedly very crucial. However, distribution companies regularly have accounts receivable that are generally B2B in nature. The probability of collecting money from unpaid invoices decreases as time passes by. Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds.

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Collection Agencies Collections Agency Collections Debt collector 130

Account Recovery

JANUARY 6, 2022

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Brian Striker of

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Accounts Receivables Management 246

Nerd Wallet

JANUARY 6, 2022

January mortgage rates forecast I predict that mortgage rates will stay about the same in January. They’re more likely to dip modestly than to rise. The omicron variant of COVID-19 might exert its strongest impact on the U.S. economy and health care system in January, before easing up in February. I expect the economic effect. Holden Lewis 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 6, 2022

The three major credit reporting agencies — Equifax, Experian, and TransUnion — are not treating consumers fairly, which is resulting in consumers suffering “serious harms,” according to a report issued yesterday by the Consumer Financial Protection Bureau. The report, along with pointing out how the three major bureaus are failing to meet their statutory obligations … The post CFPB Calls Out Credit Bureaus in Report Diving into Consumer Complaints appeared first on

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Account Recovery

JANUARY 6, 2022

GETTING TO KNOW BRIAN STRIKER OF SHERLOQ SOLUTIONS Brian Striker gets it that success takes more than working hard and more than being smart. It takes both. One without the other is just a waste. And with a new clock that starts every 30 days, being successful in this industry means constantly having to prove … The post Daily Digest – January 6.

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Nerd Wallet

JANUARY 6, 2022

Errors and omissions, or E&O, insurance can protect insurance agents from a slew of financial risks, such as mistakes in their work or missing deadlines that affect client coverage. Here’s how it works and what to know about getting E&O insurance for insurance agents. What is errors and omissions insurance for insurance agents? E&O insurance.

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Account Recovery

JANUARY 6, 2022

A father and his son, who were both executives at a medical debt collection business, each pleaded guilty yesterday to charges of wire fraud and will face up to five years in prison each for their role in a Ponzi scheme that bilked investors out of $1.5 billion. Junzo Suzuki and his son Paul were … The post Father, Son Plead Guilty in Medical Debt Collection Ponzi Scheme appeared first on AccountsRecovery.net.

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Prosperity Now

JANUARY 6, 2022

Yesterday, Prosperity Now submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) in support of the CFPB's proposed

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Collections 98

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Nerd Wallet

JANUARY 6, 2022

Find the latest Ready for repayment? Forbearance ends May 1 Do you have a new servicer? Student loan servicer changes Will PSLF work for you now? Key forgiveness updates Keep your guard up: How to spot a student loan scam Aidvantage is one of seven companies that service federal student loans by collecting and tracking. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans Collections 84

Public Citizen

JANUARY 6, 2022

In December, the Supreme Court granted the petition in Viking River Cruises v. Moriana , which poses the question whether the Federal Arbitration Act requires state courts to enforce a waiver of a statutory right of action to collect penalties on behalf of a state, in violation of neutral principles of state law prohibiting such a waiver, if the waiver is set forth in an arbitration agreement.

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Nerd Wallet

JANUARY 6, 2022

You’ve probably seen an exciting article or two about people traveling to far-flung destinations using travel rewards points. As inspirational as these stories tend to be, they may seem out of reach for you — especially if you’re a low spender. After all, how do you earn points if you don’t have many expenses? Happily, Carissa Rawson writes for NerdWallet.

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UK debt collections

JANUARY 6, 2022

Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. The news that a ban is likely to be introduced in the coming months. There is always a spike in borrowing over the christmas period as research shows. Many spend without thought of the consequence of paying it back then panic when they do.

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Collections Debt Management Collection Agencies Collections Agency 59

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

JANUARY 6, 2022

Welcome to NerdWallet’s Smart Money podcast, where we usually answer your real-world money questions. This episode, we kick off our series all about financial dreams, with conversations with Nerds who have accomplished their financial dreams and interviews with outside guests about what they want to do with their money in 2022. Check out this episode.

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Fico Collections

JANUARY 6, 2022

As credit issuance, account management and collections enter the digital age, the opportunity for innovative experimentation is accelerated and made more complex by the wide range of data and decision points a digital platform enables. Credit executives can now enable continuous learning and improvement that is technology-enabled, and which is no longer tied to the duration of the billing cycle, nor the seasoning of the portfolio.

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Nerd Wallet

JANUARY 6, 2022

Sin City isn’t so sinful when you can save cash by redeeming hotel loyalty points for your stay. Some of the best hotels in Las Vegas are part of hotel loyalty programs. That means you could have some extra spending money if you play your cards right. After you rack up hotel points via travel, Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Burr Forman

JANUARY 6, 2022

Effective December 31, 2021, the United States began permitting noncitizen arrivals from Botswana, Eswatini, Lesotho, Malawi, Mozambique, Namibia, South Africa, and Zimbabwe. A Presidential Proclamation went into effect on November 29, 2021, suspending entry into the United States for individuals who were present in the aforementioned Southern Africa countries within a 14-day window before their planned date of entry.

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Collections

Fraser

JANUARY 6, 2022

As the University of Georgia prepares to compete in the NCAA College Football Playoff championship, it’s also fighting another battle, on another playing field: defending itself against public record lawsuits following its refusal to disclose its athletes’ “name, image and likeness” contracts. A similar lawsuit has also been brought against Louisiana State University.

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Education 40