Account Recovery

FEBRUARY 24, 2022

I think I’m probably not the only person in the world, who, when wandering around a store and coming across an item without a price tag, makes a comment about how said item must be free. We all know that just because there is no price tag, the item isn’t free, but I guess some … The post Judge Grants MTD in FDCPA Class Action Over Settlement Offer in Letter appeared first on AccountsRecovery.net.

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Financial services 246

Nexa Collect

FEBRUARY 24, 2022

Inflation translates to higher accounts receivable and unpaid bills. Wage growth does not keep up with rising prices for most people. Whenever there is a spike in inflation, interest rates rise. This translates to higher delinquencies for credit card bills and more people unable to pay their mortgage. People divert their finances towards more necessary expenses like food and rent over other bills obligated to pay, but feel they can be deferred.

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Debt Recovery Collection Agencies Collections Agency Debtor 100

Account Recovery

FEBRUARY 24, 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 Hal Trapp of Rec

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Accounts Receivables Management 246

Nerd Wallet

FEBRUARY 24, 2022

Flexible travel rewards like American Express Membership Rewards points are, effectively, a currency. So understanding the relative value of these points is an important consideration when earning or spending them. So how much are AmEx points worth? Based on our analysis, the current AmEx points value is between 1 cent when used to book travel. Sam Kemmis 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

FEBRUARY 24, 2022

GETTING TO KNOW HAL TRAPP OF RECEIVABLE SOLUTIONS Hal Trapp is one of those rare people that you don’t find in a lot of places — he likes both tea and coffee. Brewed beverages aside, Hal is lucky in that his role allows him to play in a lot of different sandboxes, with a lot … The post Daily Digest – February 24. Getting to Know Hal Trapp of Receivable Solutions; Judge Grants MTD in FDCPA Class Action appeared first on AccountsRecovery.net.

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Account Recovery

FEBRUARY 24, 2022

A group of five banking trade associations has filed an amicus brief in a case before the Ninth Circuit Court of Appeals taking the stance that the Consumer Financial Protection Bureau and the appellants are wrong in asserting that the Fair Debt Collection Practices Act prohibits debt collectors from collecting convenience fees unless explicitly authorized. … The post Banking Groups File Brief in Appeals Court Case over FDCPA Convenience Fees appeared first on AccountsRecovery.net.

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Banks Fair Debt Collection Debt collector Trade 245

Nerd Wallet

FEBRUARY 24, 2022

Public and private colleges can withhold your transcripts if you have an unpaid balance of any amount, or if you’ve defaulted on a student loan. The practice is known as transcript withholding or “transcript ransoming.” Roughly 6.6 million students in the U.S. cannot obtain their transcripts due to as much as $15 billion in unpaid. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans 74

Account Recovery

FEBRUARY 24, 2022

Collections, revenue, and net income were all up in 2021 at Encore Capital Group, compared with 2020, according to the company’s financial results, which were released yesterday. For the fourth quarter of 2021, net income was twice as high as the same quarter a year earlier, while collection totals and revenue were down slightly. The … The post Numbers up at Encore Capital appeared first on AccountsRecovery.net.

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Collections 240

Nerd Wallet

FEBRUARY 24, 2022

Marriott Bonvoy has breadth in its brands. With 30 hotel brands in its portfolio, including Homes & Villas by Marriott International (a home-sharing platform), you can earn and redeem points at properties that fit nearly every style, budget, travel purpose and interest. Hotel elite status can pay dividends when you earn it with the program. Ramsey Qubein writes for NerdWallet.

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UK debt collections

FEBRUARY 24, 2022

A new wave of Scam debt collectors is targeting the UK’s general public it emerged yesterday. Leading UK Debt Collection Agency Frontline Collections issued a warning to members of the public via their website. They advised they had been made aware that overseas criminals masquerading as a ‘Frontline Collections enforcement team’ and contacting unsuspecting members of the British public.

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Debt collector Collection Agencies Collections Agency Collections 59

Nerd Wallet

FEBRUARY 24, 2022

A 710 credit score falls solidly into the “good” band (690-719) of a typical 300-850 range. It’s a little below the 716 average score on the FICO 8 credit model as of the second quarter of 2021, but higher than the average VantageScore 3.0 score of 695 in the same period. If your score is. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

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Fico Collections

FEBRUARY 24, 2022

How COVID-19 became a catalyst for financial crime. The COVID-19 pandemic has reshaped global economies and left millions unemployed. During the peak of the pandemic, unemployment rates in the Philippines hit a 30-year record high. While things have since improved , this ongoing economic stress will likely make more people susceptible to the siren song of money muling, especially with movement restrictions that severely limit work opportunities.

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Banks Government 52

Nerd Wallet

FEBRUARY 24, 2022

Homeowners insurance covers not only your house but also other parts of your property. If lightning strikes your shed or a blizzard takes out part of your fence, the other structures coverage in your policy can help pay for the damage. What is other structures coverage? Other structures coverage pays for damage to structures on. Sarah Schlichter 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 24, 2022

On February 14, the Consumer Financial Protection Bureau (CFPB) updated its Supervision and Examinations Manual to reflect changes it made to the Remittance Transfer Rule (Rule) in a final rule published on June 5, 2020. The changes made to Subpart B of Regulation E, effective July 21, 2020, (1) increased the Rule’s safe harbor for compliance from 100 remittance transfers to 500 remittance transfers annually and (2) created two new permanent exceptions that permit insured institutions to disclos

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Financial Institution 52

Nerd Wallet

FEBRUARY 24, 2022

There are lots of beautiful resorts lining the aquamarine shores of Cancun, Mexico. Whether you are there with your family, on a romantic couple’s retreat or looking for some solo downtime, there is an option for every taste and budget. Even better, you can earn and redeem points while you’re there. One of the more. Ramsey Qubein writes for NerdWallet.

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Troutman Sanders

FEBRUARY 24, 2022

On February 22, the Eleventh Circuit Court of Appeals held oral argument in Hunstein v. Preferred Collection and Management Services Inc. (Case Number 19-14434). Almost a year ago, on April 21, 2021, the Court of Appeals issued the original Hunstein v. Preferred Collection and Management Services Inc. opinion, which held that (1) a consumer had standing to bring a claim under the Fair Debt Collection Practices Act (FDCPA) because he alleged an invasion of privacy based on the spread of his debt-

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Collections Debt collector Fair Debt Collection Debtor 52

Troutman Sanders

FEBRUARY 24, 2022

On January 28, following the European Commission’s June 4, 2021 issuance of modified standard contractual clauses (SCCs), the United Kingdom’s (U.K.) secretary of state for digital, culture, media, and sport, presented the U.K. Parliament with two new mechanisms to effectuate cross-border transfers of data: (1) the International Data Transfer Agreement (the IDTA ) and (2) the international data transfer addendum to the European Commission’s SCCs (the Addendum ).

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Government 52

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