Account Recovery

MARCH 27, 2023

Overshadowed by the Appeals Court ruling on the CFPB’s funding structure and the enforcement action against Portfolio Recovery Associates late last week was the introduction of a bill in the House of Representatives that aims to amend the Fair Debt Collection Practices Act to institute a two-year prohibition on the collection of medical debt and … The post Bill Introduced in House to Amend FDCPA, FCRA With Respect to Medical Debts first appeared on AccountsRecovery.net.

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Troutman Sanders

MARCH 27, 2023

The Federal Reserve issued a press release announcing its plans for a July debut of FedNow , its service “to facilitate nationwide reach of instant payment services by financial institutions.” As previously discussed here , the FedNow service will provide individuals and businesses the ability to send and receive instant payments through the Federal Reserve’s Fedline® network at any time of day seven days a week.

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Financial Institution Banks Bankruptcy 119

Account Recovery

MARCH 27, 2023

The Court of Appeals for the Sixth Circuit has, for the second time, ruled in favor of a defendant sued for allegedly violating the Fair Debt Collection Practices Act, this time determining that the defendant did not meet the statute’s definition of “debt collector” because the debts were not in default while attempts to collect … The post Appeals Court Affirms MSJ for Defendant in FDCPA Case Because Debt Was Not in Default first appeared on AccountsRecovery.net.

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Consumer Finance

MARCH 27, 2023

Today, the Consumer Financial Protection Bureau (CFPB) announced it has determined that state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by the federal Truth in Lending Act.

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Loans 91

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

MARCH 27, 2023

A California appeals court has upheld the attorney fees award of nearly $50,000 granted to a debt collector that was accused of interfering in the attorney-client relationship between the plaintiff and a client it represented in a collection lawsuit the defendant filed against the client, after the defendant filed an anti-SLAPP motion. A copy of … The post Appeals Court Affirms $50k Anti-SLAPP Attorney Fee Award for Collector first appeared on AccountsRecovery.net.

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Debt collector Collections 130

Account Recovery

MARCH 27, 2023

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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Nerd Wallet

MARCH 27, 2023

Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com. The article Best Free E-Commerce Website Builders in 2023 originally appeared on NerdWallet.

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Account Recovery

MARCH 27, 2023

APPEALS COURT AFFIRMS MSJ FOR DEFENDANT IN FDCPA CASE BECAUSE DEBT WAS NOT IN DEFAULT The Court of Appeals for the Sixth Circuit has, for the second time, ruled in favor of a defendant sued for allegedly violating the Fair Debt Collection Practices Act, this time determining that the defendant did not meet the statute’s … The post Daily Digest – March 27.

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Fair Debt Collection Collections 130

Nerd Wallet

MARCH 27, 2023

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article 9 Free or Cheap Things to Do at Disney World Outside the Theme Parks originally appeared on NerdWallet.

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Collections

UK debt collections

MARCH 27, 2023

Private Debt Collection firms being hired The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants. Debt Collectors are being hired to chase overpayments from universal credit claimants. The government wants to reclaim the money , some of which goes back ten years. According to a Sky News report, the government is cutting benefits to over one million people already struggling with rising living costs.

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Collections Government Debt collector Collection Agencies 59

Nerd Wallet

MARCH 27, 2023

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article First Citizens Purchases Failed Silicon Valley Bank originally appeared on NerdWallet.

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Collections Law

MARCH 27, 2023

When you have a commercial debtor who won’t pay but stays in business, they’re using your money to stay afloat. We called this “creditor financing.” Worse, they may be using your money to buy materials from your competitors. This is a battle for control of the money. Your debtor claims they cannot pay (“CANOPS”), but they’re still in operation. It’s more likely they will not pay (“WILLNOPS”).

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Nerd Wallet

MARCH 27, 2023

Roberta Pescow writes for NerdWallet. Email: rpescow@nerdwallet.com. The article Florida Power of Attorney: Guide and Requirements originally appeared on 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

JMA

MARCH 27, 2023

Debt collection is an important aspect of financial management for businesses and individuals. It involves pursuing unpaid debts and overdue payments from customers or clients. While debt collection can be a challenging and complex process, effective techniques can help businesses recover their debts and maintain their cash flow. In Australia, debt collection is regulated by.

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Collections 52

Nerd Wallet

MARCH 27, 2023

Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com. The article 7 Best-Performing Utility Stocks of March 2023 originally appeared on NerdWallet.

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JMA

MARCH 27, 2023

Small businesses in Australia are the backbone of the economy, accounting for over 97% of all businesses in the country. However, they often face numerous challenges when it comes to collecting debts owed to them. Debt collection is a vital process for businesses to maintain cash flow and sustain growth, but it can be a. Read more » The post Debt Collection for Small Businesses in Australia: Challenges and Solutions appeared first on JMA Credit Control.

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Collections 52

Nerd Wallet

MARCH 27, 2023

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How Doing the Bare Minimum With Debt Is Costing You originally appeared on NerdWallet.

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Credit Card Debt 66

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Collections

Payment Savvy

MARCH 27, 2023

Pro forma, or proforma, is a term you often hear in a business environment, but many people have yet to learn what it means. If you’re in the corporate world, you should know about these documents. Pro forma financial statements and invoices are an integral part of modern business. In this article, we’ll do a brief overview of the following: What does pro forma mean?

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Nerd Wallet

MARCH 27, 2023

Andrew Marder writes for NerdWallet. Email: amarder@nerdwallet.com. The article How to Plan for Monthly Car Costs originally appeared on NerdWallet.

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Loans 72

Nerd Wallet

MARCH 27, 2023

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Smart Money: Is Banking Stable, and Traditional vs.

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Banks 64

Nerd Wallet

MARCH 27, 2023

Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article Do You Need a Passport for a Caribbean Cruise? originally appeared on NerdWallet.

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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.