Fri.Jan 26, 2024

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Less than Half of Consumers can Afford $1,000 Emergency Expense: Survey

Account Recovery

While the number of consumers who can afford to pay a $1,000 emergency expense has remained largely unchanged for the past three years, the percentage of consumers who are putting less away for a rainy day is on the rise, largely due to inflation, according to data released this week by Bankrate.

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Luxury Homes Developer falls into Administration

UK debt collections

Luxury homes builder Kenham Building has called in administrators, with all staff made redundant. The west London firm appointed ReSolve partners Cameron Gunn and Chris Farrington as administrators after encountering cashflow problems. Kenham operated for 25 years but hit technical challenges related to groundworks on a large residential refurbishment scheme.

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Daily Digest – January 26. Collector Facing FDCPA Class Action for Not Honoring Terms of Settlement; Judge Reduces Plaintiff’s Attorney Fee Award by 60% in FDCPA Case

Account Recovery

Collector Facing FDCPA Class Action for Not Honoring Terms of Settlement Judge Reduces Plaintiff’s Attorney Fee Award by 60% in FDCPA Case Medical Debt Bills in Maine Target Credit Cards, Debt Buying Less than Half of Consumers can Afford $1,000 Emergency Expense: Survey WORTH NOTING: A good news story for Friday — the smallest infant […]

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How to Pick a Low APR Credit Card

Credit Corp

Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers. Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. A credit card’s interest rate is obviously one of its most important factors.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Judge Reduces Plaintiff’s Attorney Fee Award by 60% in FDCPA Case

Account Recovery

A District Court judge in Minnesota has awarded the attorney representing a pair of plaintiffs in a Fair Debt Collection Practices Act case $12,000 in fees, which was nearly 60% less than what the attorney was seeking.

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Medical Debt Bills in Maine Target Credit Cards, Debt Buying

Account Recovery

A pair of bills were introduced in the Maine legislature yesterday that both tackle the topic of medical debt. One would limit how medical debt credit cards are promoted and used and the other would give consumers the chance to buy their medical debts from a provider before they are sold to someone else.

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Decoding Over-Indebtedness in Europe: Managing Procedures with a Unified Tech Solution

Qualco

Are you aware of how over-indebtedness, a significant issue within the European Union (EU), affects individuals, businesses, and the broader economy? Over-indebtedness refers to situations where debtors face difficulties meeting financial obligations due to immediate payment challenges or chronic issues like insolvency, where debts outweigh assets. The EU has undertaken several legislative measures to tackle over-indebtedness and provide relief for over-indebted individuals or entities, prioriti

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Collector Facing FDCPA Class Action for Not Honoring Terms of Settlement

Account Recovery

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?

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Happy Happy, Joy Joy: Public Displays of Affection for Your Amazing Employees Will Help You to Get More of Them

NCBA Law Practice Management Blog

Ren & Stimpy were both right : There’s nothing that helps more in bringing in your next great employee, than praising the ones you already have. (Well, maybe they didn’t say that exactly.) Now, most hiring attorneys recognize that the office environment i s changing in a major way – and, that’s not only with respect to where lawyers practice law nowadays.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Eastern District of Missouri Finds Standing Issue with TCPA Cases When Plaintiffs do Not Request to be on Internal Do-Not-Call Lists

TCPA

The United States District Court for the Eastern District of Missouri recently issued an opinion with significant implications for plaintiffs’ standing to allege violations of the TCPA under Article III. In the case of Thompson v. Genesco, Inc.

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Decoding Over-Indebtedness in Southern Europe: Managing Procedures with a Unified Tech Solution

Qualco

Are you aware of how over-indebtedness, a significant issue within the European Union (EU), affects individuals, businesses, and the broader economy? Over-indebtedness refers to situations where debtors face difficulties meeting financial obligations due to immediate payment challenges or chronic issues like insolvency, where debts outweigh assets. The EU has undertaken several legislative measures to tackle over-indebtedness and provide relief for over-indebted individuals or entities, prioriti

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January 2024 Newsletter – Embracing Anti-Resolutions for a Fulfilling Year

Jimerson Firm

Featured in the January 2024 Issue: Partner’s Perspective: Inverting Perspectives: Embracing Anti-Resolutions for a Fulfilling Year Late last year, Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime friend and business partner, died too young in November 2023 at age 99. Throughout their tenure at the helm of Berkshire, he and Warren Buffett oversaw a staggering growth of approximately 2,000,000% from the company’s initial value, equivalent to an impressive 20

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Safeguarding your digital fort: Top security tips for Data Privacy Day

On Guard

As we approach Data Privacy Day on January 28th, it’s crucial to reflect on the importance of securing our digital lives in an era where information is more valuable than ever. At Onguard, we understand the significance of data security not just on this day but throughout the entire year. To celebrate Data Privacy Day, we’re delving into some essential security tips and tricks that can help you to vault your digital presence.

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ERM Program Fundamentals for Success in the Banking Industry

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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Proactive Strategies to Reduce Late Payments

NACM

?️ On today's episode of NACM's Extra Credit podcast. Credit managers must use proactive strategies to encourage timely payments from habitual and sporadic late payers.⭐ Hear from Martine Dyer; Nelida Lervaag; and Marcela Rolon!