Account Recovery

NOVEMBER 11, 2021

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 Christy Young Ba

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Accounts Receivables Management 246

Nerd Wallet

NOVEMBER 11, 2021

Many people don’t have much choice about when they retire. Illness, job loss or caretaking responsibilities push them out of the labor force, ready or not. But some people have the opposite problem: They do have a choice, and yet they can’t quite bring themselves to quit working. Some love what they do and never. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.

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Account Recovery

NOVEMBER 11, 2021

A District Court judge in Missouri has lowered the attorney’s fees awarded in a Fair Debt Collection Practices Act case by 50%, ruling that a “hyper-technical” violation of the statute that led a jury to award the plaintiff $200 in damages was fair and reasonable. A copy of the ruling in the case of Saxerud … The post Judge Lowers Attorney’s Fees by 50% in FDCPA Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Consumer Finance

NOVEMBER 11, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a lawsuit in a Texas federal district court against FirstCash, Inc. and Cash America West, Inc. The CFPB alleges that the two companies violated the Military Lending Act (MLA) by charging higher than the allowable 36% annual percentage rate on pawn loans to active-duty servicemembers and their dependents.

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Lender Loans 110

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

NOVEMBER 11, 2021

GETTING TO KNOW CHRISTY YOUNG BARGER OF CORNERSTONE SUPPORT That jumping on a tractor and cutting the grass is considered a guilty pleasure might be all you need to know about Christy Young Barger to really understand how important getting the job done right is to her. Whether it’s leaving her desk clean and her … The post Daily Digest – November 11.

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Account Recovery

NOVEMBER 11, 2021

The total amount of household debt in the United States has topped $15 trillion for the first time, and delinquency rates on most types of consumer credit continued their downward trend — largely due to measures put into place during the COVID-19 pandemic — but there was still more than $412 billion of consumer debt … The post Household Debt Reaches New High-Water Mark as Delinquency Rates Remain at Low Tide appeared first on AccountsRecovery.net.

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Consumer Credit Banks 244

Nerd Wallet

NOVEMBER 11, 2021

Paying cash for hotels can get expensive quickly, especially when you’re staying multiple nights. Fortunately, for World of Hyatt members, you can redeem rewards for as little as 5,000 points per night — even in major cities. Let’s take a look at how you can find some 5,000-point hotels to help make your next trip. Carissa Rawson writes for NerdWallet.

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Troutman Sanders

NOVEMBER 11, 2021

In Knight v. AR Res., Inc. , a Third Circuit district court granted a defendant’s motion to dismiss a plaintiff’s first amended complaint in a Fair Debt Collection Practices Act (FDCPA) case. In its holding, the court emphasized that where there are multiple interpretations of language in a collection letter, neither of which are inaccurate and which reflect an outcome that could come to pass, the language is not false, misleading, or deceptive under the FDCPA.

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Fair Debt Collection Debtor Collections 52

Nerd Wallet

NOVEMBER 11, 2021

Now that the restrictions on nonessential travel have ended for vaccinated tourists on the U.S. land borders with Canada and Mexico, travelers anticipate massive queues to cross the borders. Travelers who are on a tight schedule may wonder: Are there faster ways to reenter the U.S. by land from our North American neighbors? The short answer. Paul Rubio writes for NerdWallet.

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Collections

Fraser

NOVEMBER 11, 2021

The IRS has just released its 2022 annual inflation adjustments, in which it announced that the Code section 125 dollar limitation on voluntary employee salary reductions to health flexible spending arrangements (health FSAs) is increasing to $2,850. The IRS annual inflation adjustments for more than 60 tax provisions, including health FSAs, qualified transportation fringe benefits, adoption assistance, medical savings accounts, and qualified small employer HRAs, can be found in Rev.

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Lawyers 52

Qualco

NOVEMBER 11, 2021

The global economic turmoil over the past months has pushed the financial industry into uncharted waters. The number of customers likely to face distress constantly increases and creditors are at the crossroads. The latest European Banking Authority (EBA) Guidelines about Early Warning Systems (EWS) Implementation, in combination with the need to identify at-risk customers the soonest possible, makes it clear for the banking sector that technology will give the answer.

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Credit Management Lender Financial Institution Banks 52

Burr Forman

NOVEMBER 11, 2021

In honor of Veterans Day, Burr & Forman’s Chief Diversity & Inclusion Officer, Tamika Walters, interviews Tammy Mathison, a Legal Practice Assistant in Burr’s Bluffton, SC office, about her experience serving as a woman in the Marines, during the 1980s. Listen to the interview below. The post Veterans Day Interview with Tamika Walters and Tammy Mathison appeared first on Burr & Forman.

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Fico Collections

NOVEMBER 11, 2021

The pandemic prompted a number of short, sharp, shocks across the globe – including a notable impact on the supply chain. As whole sectors closed down to mitigate the spread of the virus, some supply chains strained and, in some cases, snapped. One technology that has historically been powerful in solving supply chain problems is AI-powered optimization.

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Healthcare Retail 52

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

CSA

NOVEMBER 11, 2021

Chris Leslie, Chief Executive Officer at the Credit Services Association (CSA). With a return to face-to-face networking, it was a pleasure to join this year?s Credit Connect Think Tank event on the 4 November in Manchester, signalling we have reached a good moment to take stock of the lessons learned during the pandemic and how the collections landscape may develop in 2022.

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Collections Collection Agencies Collections Agency Creditors 40

Account Recovery

NOVEMBER 11, 2021

A number of leading Senate Democrats are calling on Rohit Chopra and the Consumer Financial Protection Bureau to “take concrete steps to reform the credit reporting industry,” including improving the accuracy of credit reports and streamlining the dispute resolution process. The Senators, including. Sen. Sherrod Brown [D-Ohio], the chairman of the Senate Banking Committee, Sen. … The post Senators Call on CFPB to Investigate, Reform Credit Reporting Process appeared first on Ac

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