Account Recovery
JULY 8, 2022
A District Court judge in Washington has joined his brethren in Oklahoma and dismissed a Fair Debt Collection Practices Act case filed by an individual who was assigned a claim from a consumer, ruling the plaintiff lacks standing to sue. A copy of the ruling in the case of James v. Puget Sound Collections and … The post WDWA Judge Dismisses Case Involving Assigned Claim appeared first on AccountsRecovery.net.
Enterprise Recovery
JULY 8, 2022
You can't build your business or do effective marketing unless you know who you're selling to. These initial decisions will guide your sales and marketing team to be its most successful and scale your company faster. Do you know who's going to be buying your goods or services? Do you know the decision-makers for your B2B startup?
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Account Recovery
JULY 8, 2022
The Consumer Financial Protection Bureau yesterday issued another advisory opinion yesterday with respect to the Fair Credit Reporting Act, this time tackling the permissible purpose requirement of the statute, while also issuing a reminder that there are circumstances under which violators of the FCRA could face criminal prosecution. A copy of the advisory opinion can … The post CFPB Issues Guidance on FCRA’s Permissible Purpose Requirements appeared first on AccountsRecovery.net.
Nerd Wallet
JULY 8, 2022
Title jumping is when someone purchases a car and then resells it without having titled it in their own name. Also known as floating a title, the practice is illegal. A title is a record of the vehicle’s ownership history kept by the state. Title jumping leaves no trace of the previous owner, leaving the. Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com.
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
JULY 8, 2022
A collection agency based in Colorado was the victim of a ransomware attack that affected more than 650 of its healthcare clients, according to published reports. Labeling the event a “data incident”, Professional Finance Company has posted a document on its website, saying that it detected and stopped a ransomware attack on its systems back … The post Collection Agency Victim of Cyber Attack appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JULY 8, 2022
WDWA JUDGE DISMISSES CASE INVOLVING ASSIGNED CLAIM A District Court judge in Washington has joined his brethren in Oklahoma and dismissed a Fair Debt Collection Practices Act case filed by an individual who was assigned a claim from a consumer, ruling the plaintiff lacks standing to sue. CFPB ISSUES GUIDANCE ON FCRA’S PERMISSIBLE PURPOSE REQUIREMENTS … The post Daily Digest – July 8.
Nerd Wallet
JULY 8, 2022
The costs of being chauffeured by a ridesharing service like Uber or Lyft can add up if you’re a frequent customer. Having a credit card that offers incentives for your rideshare purchases may help offset some of those costs. Whether you’re team Uber or Lyft, consider these cards to get more value on future rides. Melissa Lambarena writes for NerdWallet.
Account Recovery
JULY 8, 2022
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Complaint Accuses Collector of Violating Reg F Because of Size of Opt-Out Disclosure in Email appeared first on AccountsRecover
Nerd Wallet
JULY 8, 2022
World of Hyatt is one of the most popular hotel loyalty programs among frequent travelers, and one of the best ways to get the most value from Hyatt is by achieving elite status. In Hyatt’s elite status program, the top tier is Hyatt Globalist. Here, we’ll look at how to become a Hyatt Globalist, the. Lee Huffman writes for NerdWallet. Email: travel@nerdwallet.com.
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Debt RR
JULY 8, 2022
If a commercial account goes unpaid for an extended period of time, there will come a point when the business doing the billing takes additional action to recover the money. The delinquent account is put in collections. An account placed in collections has the potential to be paid in full, partially, or not at all. The question is when to place an account in collection.
Nerd Wallet
JULY 8, 2022
Inflation is a nightmare for the many Americans who already stretch their dollars to cover basic needs. What happens when those dollars lose value? Their choice is probably not about whether to cut streaming services or opt for store-brand groceries. Instead, they may have to pick between buying enough food and paying rent. The families. Laura McMullen writes for NerdWallet.
Troutman Sanders
JULY 8, 2022
On June 28, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule , encouraging states to enact more laws regulating consumer reporting, arguing that states’ powers are only constrained in limited ways by the Fair Credit Reporting Act (FCRA). The CFPB believes that states have the ability to enact state-level laws that are stricter than the FCRA, including outright prohibitions on reporting many kinds of truthful information about consumers, with only “limited preemption ex
Nerd Wallet
JULY 8, 2022
Kayak is one of the most popular travel search tools. You can use it to find anything from flights and hotels, to car rentals and excursions at your destination. As well, travel packages that include multiple trip parts are listed on Kayak. Kayak users can go to the website, Kayak.com, or use the mobile app. Anya Kartashova writes for NerdWallet. Email: travel@nerdwallet.com.
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?
Fraser
JULY 8, 2022
Michigan Adopts Version of the Uniform Assignment of Rents Act. Michigan recently adopted its version of the Uniform Assignment of Rents Act (the “UARA”), which establishes a comprehensive statutory model for the creation, perfection, and enforcement of security interests in rent. It is the sixth state to adopt the UARA. Why it Matters : An assignment of rents allows a lender to collect income from rents derived from mortgaged property after the mortgage has been defaulted on.
NACM
JULY 8, 2022
?? Got questions? NACM Economist Amy Crews Cutts has answers. ?? Listen to this week's Extra Credit #podcast episode to hear her responses to some of the most pressing questions regarding today's economy.Listen here: [link] "I do not think the Federal Reserve will be able to bring down inflation to the l.
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