Account Recovery

AUGUST 21, 2020

The Consumer Financial Protection Bureau has extended its comment period seeking input on how to build a “more inclusive financial system” for an additional 60 days. The comment period was originally set to expire on October 2. It will now be extended until December 1. The CFPB did not specify a reason why the comment … The post CFPB Extends Comment Period for Credit Discrimination RFI appeared first on AccountsRecovery.net.

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Enterprise Recovery

AUGUST 21, 2020

Just like when any relationship turns sour, you're left dealing with the things you couldn't agree on. Unfortunately, when your good business clients refuse to pay or communicate, it may be time to bring in a mediator to ensure your assets are protected and your agreement holds up. Whether you've decided to escalate their continued late payments, write off their account as bad debt or pursue litigation, you don't have to do it alone.

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Collection Agencies Collections Agency Collections 162

Account Recovery

AUGUST 21, 2020

APPEALS COURT OVERTURNS DISMISSAL OF DEBT BUYING CONTRACT DISPUTE The Court of Appeals for the Fourth Circuit has overturned a lower court’s dismissal of a lawsuit in which the seller of a portfolio of loans sued the buyer for allegedly violating the terms of their agreement when the buyer turned around and re-sold the loans … The post Daily Digest – August 21.

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Debt Buying Loans 189

Nexa Collect

AUGUST 21, 2020

In many ways, it doesn’t matter how knowledgable a doctor is, or how much they care for their patients if the patients aren’t actively engaged in their care. That’s because unless they’re willing to follow their doctor’s advice and do what it takes to stay healthy, the quality of service means nothing. That’s why, in a patient-centered care model, patient engagement is critical.

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Healthcare 130

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

AUGUST 21, 2020

Less than a month after suing one federal regulator, a group of state attorneys general filed suit yesterday against another one, seeking to block the implementation of a rule aimed at ensuring the terms of a loan remain valid after the loan has been sold to a non-bank entity, a key component when buying and … The post State AGs Sue FDIC Over Debt Buying Rule appeared first on AccountsRecovery.net.

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Account Recovery

AUGUST 21, 2020

The Court of Appeals for the Fourth Circuit has overturned a lower court’s dismissal of a lawsuit in which the seller of a portfolio of loans sued the buyer for allegedly violating the terms of their agreement when the buyer turned around and re-sold the loans to someone else, determining that a federally chartered credit … The post Appeals Court Overturns Dismissal of Debt Buying Contract Dispute appeared first on AccountsRecovery.net.

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Debt Buying Loans 147

Nerd Wallet

AUGUST 21, 2020

I haven’t set foot in a grocery store in nearly four months. With a 10-month-old baby to think about, my husband and I have kept trips to the store to a minimum out of an abundance of caution during the pandemic. We’re fortunate to have just about every grocery delivery service at our disposal —. Lauren Schwahn is a writer at NerdWallet. Email: lschwahn@nerdwallet.com.

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Account Recovery

AUGUST 21, 2020

A District Court judge in Illinois has ruled that including references to the “original creditor,” a “sender,” and a “current owner of the unpaid account,” is not enough to identify the current creditor to whom a debt is owed and denied a defendant’s motion to dismiss, also ruling that the defendant failed to notify the … The post Judge Dismisses MTD in FDCPA Case Over Creditor Name in Letter appeared first on AccountsRecovery.net.

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Creditors Original Creditor 147

Arbeit Software

AUGUST 21, 2020

Identifying yourself as a trusted, legal caller is the first line of defense in mitigating improper call blocking and labeling events.

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Collections

Nerd Wallet

AUGUST 21, 2020

You’re probably familiar with frequent flyer and hotel loyalty programs, but you may not be aware that casinos are also in the rewards game. With the two biggest programs, Caesars Rewards and M life Rewards, you earn rewards based on how much you spend in casinos. M life Rewards is the loyalty program for MGM. Michael Friedman is a writer at NerdWallet.

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Better Credit Blog

AUGUST 21, 2020

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. If you have heard from a debt collector called MRS BPO LLC recently, you may already be aware of this and looking for a way to fix the situation.

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Debt collector Original Creditor Collection Agencies Collections Agency 92

Debt Guru

AUGUST 21, 2020

Whether your financial goals are as simple as building a small emergency fund or as complex as savings and investments for retirement, few things can derail your plan faster than debt. That is why most experts and financial planners suggest prioritizing debt repayment first, before many other goals, and recommend paying down that debt as fast as possible.

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Credit Card Debt Unsecured Debt Student loans Student Loans 78

Nerd Wallet

AUGUST 21, 2020

The Hilton Honors American Express Business Card is popular with business travelers for several reasons, including 12x Hilton Honors bonus points per dollar when you stay at Hilton-family properties. Terms apply. Bonuses at gas stations, shipping companies, cell phone companies, restaurants, and for flights and car rentals can further amplify your earnings.

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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

Better Credit Blog

AUGUST 21, 2020

Wondering if your credit score is up to snuff? If you have a 620 credit score, you aren’t alone. Tens of thousands of people are in the same boat, and usually for the same reasons. While a 620 credit score could use some improvement if you’re looking for guaranteed approval with competitive rates, it does fall into the “fair” range. In the article below, we’ll break down the factors that could be responsible for your 620 credit score, walk through your lending options, and share some surefire st

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Personal loans Loans Lender Debt Consolidation 59

Nerd Wallet

AUGUST 21, 2020

With service from 13 U.S. cities to Hawaii, Asia and the South Pacific, Hawaiian Airlines is a popular way to travel to paradise — and its partner airlines fly to destinations all over the world. Hawaiian’s frequent flyer program, HawaiianMiles, lets you earn travel on Hawaiian and its partners. Here’s what you need to know. Rand Shoaf is a writer at NerdWallet.

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Better Credit Blog

AUGUST 21, 2020

If you have failed to pay a bill, you may begin to hear from a collection agency known as Radius Global Solutions. This means that Radius Global Solutions has acquired your debt from the original creditor and has opened a collection account on your credit report. Collection accounts can be extremely damaging to your credit score. Any collection entries on your credit report can continue to impact your score for up to seven years, even if you have paid off the debt.

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Debt collector Collection Agencies Collections Agency Original Creditor 53

TCPA

AUGUST 21, 2020

The District of Oregon recently found that a $925,220,000 damages award was not unconstitutionally excessive, reasoning that due process does not limit the aggregate statutory damages that can be awarded in a class action lawsuit under the TCPA. Wakefield v.

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Collections

Better Credit Blog

AUGUST 21, 2020

A good credit score is essential if you’re looking to get approved for anything from a rewards credit card to a mortgage. But what score do lenders consider to be good? If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Fortunately, you can fix a FICO score in this range, getting access to more funding with better rates.

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Credit Unions Credit Unions Personal loans Loans 52

Fico Collections

AUGUST 21, 2020

There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up. When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. A Resurgence of Specific Fraud Types. In 2008, many banks experienced sharp increases in fraud incidents (and losses) due to: Collusive fraud rings in which groups of criminals conspired to defraud a large number of institutio

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Education Banks Acquisition Financial Institution 52

Katabat

AUGUST 21, 2020

The post Client Case Study: Leading Mortgage Provider in the Asia-Pacific Region appeared first on Katabat.

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Burr Forman

AUGUST 21, 2020

The Women’s Podcast Series will talk about work/life balance, managing stress and anxiety, and career development. Erin Hewitt is kicking off the series with special guest Madeline McGrane, a friend and client of hers, to talk about work/life balance and what that looks like in a remote working environment. Erin Hewitt is a partner in the firm’s Atlanta office and serves as the practice group leader for the firm’s Real Estate Practice.

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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.

NACM

AUGUST 21, 2020

Existing-home sales continue to gain momentum as the U.S. economy builds from the trough seen earlier this year due to the COVID-19 pandemic. Sales increased 24.7% in July, according to the National Association of Realtors, and for the second straight month. Sales were up nearly 9% from July 2019."The housing market is well past the recovery phase.

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Burr Forman

AUGUST 21, 2020

Burr & Forman Continues in Growth with the Addition of Two Attorneys in Greenville and Atlanta. Birmingham, Ala., August 17, 2020 – Burr & Forman announces the addition of Greenville-based associate Jake Rea and Atlanta-based associate Bailey Green. Rea joins the firm’s Corporate and Tax practice group and Green joins the firm’s General Commercial Litigation practice group.

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