Wed.Nov 16, 2022

article thumbnail

22 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 22 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.

article thumbnail

CFPB Takes Action Against Carrington Mortgage for Cheating Homeowners out of CARES Act Rights

Consumer Finance

Company wrongly charged fees and inaccurately reported homeowner credit information despite pandemic-era housing protections.

142
142
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Debt Collection Lawsuits ‘Flooding’ Courts in Michigan: Report

Account Recovery

A commission organized by the Michigan Supreme Court has released a report summarizing that debt collection lawsuits are “dominating” the docket in Michigan’s state court — coming second only to traffic violations — and that 10 plaintiffs are responsible for nearly 75% of all collection lawsuits filed in the state. A copy of the report, … The post Debt Collection Lawsuits ‘Flooding’ Courts in Michigan: Report first appeared on AccountsRecovery.net.

article thumbnail

Crypto Crisis Spreads to Winklevoss Twins’ Gemini Earn

Nerd Wallet

The liquidity crisis among major cryptocurrency players continued to spread Wednesday as the Gemini exchange told customers that they may be unable to withdraw assets from a program that pays rewards on deposited cryptocurrency. The development directly affects only users of the Gemini Earn program, which pays rewards upward of 8% to customers who lend.

95
article thumbnail

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.

article thumbnail

Judge Grants MSJ For Defendant in FDCPA Case Over Email Communications

Account Recovery

We’re all busy people and time is one thing we don’t have enough of, so I try to be very conscious of that and keep the articles I publish as brief and to the point as possible. Sometimes — especially when writing about court rulings — it can be tough to summarize lengthy opinions into … The post Judge Grants MSJ For Defendant in FDCPA Case Over Email Communications first appeared on AccountsRecovery.net.

246
246

More Trending

article thumbnail

CFPB Files Petition with Supreme Court for Hearing on Constitutionality of its Funding Case

Account Recovery

The Consumer Financial Protection Bureau has made its decision — it will fight to maintain its current funding mechanism before the Supreme Court — choosing to file a petition for the highest court in the land to hear its appeal rather than file a petition for an en banc review of the ruling before the … The post CFPB Files Petition with Supreme Court for Hearing on Constitutionality of its Funding Case first appeared on AccountsRecovery.net.

article thumbnail

Airbnb Is on the Outs — Or Is It?

Nerd Wallet

Has the Airbnb bubble burst? According to one recent viral tweet, Airbnb hosts have seen bookings evaporate since the busy summer travel season. (That’s a screenshot of a tweet of a screenshot of a Facebook post, because this is the world we live in.) My recent story about Airbnb hosts getting sick of Airbnb made. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

81
article thumbnail

Daily Digest – November 16. Judge Grants MSJ For Defendant in FDCPA Case Over Emails; CFPB Files Petition With SCOTUS Over Funding

Account Recovery

JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA CASE OVER EMAIL COMMUNICATIONS We’re all busy people and time is one thing we don’t have enough of, so I try to be very conscious of that and keep the articles I publish as brief and to the point as possible. Sometimes — especially when writing about court … The post Daily Digest – November 16. Judge Grants MSJ For Defendant in FDCPA Case Over Emails; CFPB Files Petition With SCOTUS Over Funding first appeared on AccountsRecovery.net.

244
244
article thumbnail

American Family Homeowners Insurance Review 2022

Nerd Wallet

Founded in Madison, Wisconsin, American Family sells homeowners insurance and other policies in 19 states. You can customize an American Family home insurance policy with a variety of add-ons, including coverage for identity theft, valuable jewelry or the breakdown of major appliances. The company also has several discounts you might be able to use, plus.

article thumbnail

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.

article thumbnail

Failed Crypto firm sees a million people and businesses owed money

UK debt collections

Over a million people and businesses could be owed money in the UK following the collapse of the crypto exchange FTX, according to bankruptcy filings. There have also been reports that FTX suffered a hack, taking millions of dollars of crypto from the firm. It’s a worrying time for individuals who have money in the business. In the UK, crypto assets are largely unregulated, and experts and financial watchdogs warn there’s little protection for consumers.

article thumbnail

Air Travelers: Slow Down and Embrace the Long Layover

Nerd Wallet

When Megan Gieske flew from Uganda to Thailand, she had to choose whether her layover in Cairo would be for four hours or for eight. She chose the latter. An eight-hour layover might feel like a curse for travelers eager to get to their destination. Yet for others, long layovers are preferable. A long layover. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

69
article thumbnail

Business leaders take note: 3 tips to better ensure you can collect on debt

Collections Law

The adage about an ounce of prevention being worth a pound of cure holds true in the business world — especially when it comes to debt collection. Having an unpaid bill is more than just frustrating, it hurts business. It takes time and effort to collect the debt that could have spent on other endeavors. Business owners can reduce the risk of these issues by taking proactive steps to better ensure they receive the agreed upon payment.

article thumbnail

Best Credit Cards to Use at Walmart

Nerd Wallet

From consumer electronics to clothes to groceries, Walmart has something for nearly everyone. But consistently earning outsized rewards on purchases at the world’s largest retailer can be tough without juggling multiple cards. If you’re an optimizer, you’ll be able to earn at least 5% back on purchases at Walmart throughout the year. But if you. Craig Joseph writes for NerdWallet.

Retail 66
article thumbnail

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?

article thumbnail

Enterprise Fraud Solution Buyers Want More Agility, More Data

Fico Collections

Home. Blog. FICO. Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. FICO Admin. Tue, 07/02/2019 - 02:45. by Andrew Manuel. expand_less Back To Top. Wed, 11/16/2022 - 20:10. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions.

article thumbnail

3 Amazing Things Your New Car Can Do — if You Let It

Nerd Wallet

Recently, I borrowed a friend’s 25-year-old BMW for a long trip. Every time I put it in reverse, I missed not having a rear backup camera. And that wasn’t all. I also wished I had adaptive cruise control to make long stretches of open road more relaxing and blind-spot warning to help me change lanes. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

Loans 66
article thumbnail

6 Tips for Collecting During Tax Season

Taurus Collect

Tax return season is when consumers plan and prioritise their finances, whether to save money or pay their debts. This season brings a win-win situation for both consumers and debt collectors, as the consumers can use their refund amount to pay off their debts. This also becomes a favorable time to negotiate settlements with debtors. Continue reading to know the right tips to level up your debt collection strategies during tax season.

article thumbnail

HSBC No Longer Offers New Personal Loans

Nerd Wallet

HSBC is no longer offering new personal loans, though it still services existing loans, according to its website. HSBC previously offered personal loans ranging from $3,000 to $30,000 for borrowers with good to excellent credit (690 credit score or higher). These loans included fast funding and no origination fee. If you still need a personal. Jackie Veling writes for NerdWallet.

article thumbnail

You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

article thumbnail

La CFPB Toma Acciones Contra Carrington Mortgage por negarle a Propietarios sus Derechos Bajo la Ley CARES

Consumer Finance

Esta compañía cobró tarifas y reportó de forma inexacta información crediticia de propietarios a pesar de las protecciones establecidas durante la era de la pandemia.

52
article thumbnail

The Guide to JetBlue Blue Fares

Nerd Wallet

Picture this: You seek to buy a JetBlue Airways ticket and see multiple fare types listed as options; Blue Basic, Blue, Blue Plus, Blue Extra and Mint. Are they all different classes of service? Or are they just economy tickets with some minor extras included? How do you sift through the options? In short, Mint. Anya Kartashova writes for NerdWallet.

52
article thumbnail

Director Chopra’s Prepared Remarks to the Financial Literacy and Education Commission

Consumer Finance

CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Financial Literacy and Education Commission.

article thumbnail

Last Week, We Voted for Justice. Here’s what That Means

Prosperity Now

Before last week’s midterm elections, we talked about voting to advance racial, economic, and social justice.

52
article thumbnail

The Power of Storytelling in Risk Management

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.

article thumbnail

U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants say

Collection Industry News

U.S. consumers have demonstrated a willingness to continue to pay higher prices in the face of a sluggish economy that could be tipped into a recession, according to credit card giants American Express and Bank of America. American Express on Friday reported stronger-than-expected third-quarter earnings and revenue, while raising its full-year forecast.

Retail 40
article thumbnail

Compliance Roundup - 16 November 2022

CSA

In this issue: FCA shares findings of its review of treatment of borrowers in financial difficulty FCA Consumer Duty webinar available online FOS comments on Consumer Duty FCA chief data, information and intelligence officer delivers speech on regulation of AI FOS shares latest newsletter FCA enforcement - final notices and decision notices Consultations.

Retail 40
article thumbnail

2022 Home Improvement Report

Nerd Wallet

American homeowners spent more than a half-trillion dollars on home improvement projects in recent years, but they say inflation and a potential recession will be factors in how much they take on moving forward. From 2019 to 2021, American homeowners undertook some 135 million home improvement projects, spending an estimated $624 billion, according to the.

16
article thumbnail

Third Rail Union Rejects Deal, Strike Threat Returns

NACM

A third U.S. rail union voted against a national contract made in September, and continues negotiating to reach a deal, according to Reuters. Labor unions are bargaining to improve sick leave and attendance policies. Two of the largest unions have yet to announce their votes.Rail workers and railroads have until Dec. 9 to come to an agreement or th.

5
article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.