Account Recovery

SEPTEMBER 16, 2022

The Consumer Financial Protection Bureau yesterday announced plans to increase its oversight of the Buy Now, Pay Later industry, by issuing guidance or a rule that will more closely align the product with its credit card cousins, and by instituting supervisory examinations of BNPL providers. Use of BNPL products — which allow consumers to make … The post CFPB Announces Plans to Regulate BNPL Market appeared first on AccountsRecovery.net.

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Enterprise Recovery

SEPTEMBER 16, 2022

Enterprise Recovery LLC was introduced in 2016 in response to our business clients' requests for industry-focused commercial debt collection. Since then, our company has vowed to help our clients recover bad debt, increase accounts receivable collections and review any potential legal action against their customers. We take this job very seriously and promise to adhere to the strictest standards and regulations to protect our clients.

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Account Recovery

SEPTEMBER 16, 2022

ANOTHER COLLECTOR FACING CLASS-ACTION OVER LOCATION, FORMAT OF EMAIL OPT-OUT DISCLOSURE The disclosure, which was a hyperlink at the bottom of the email, was not “clear and conspicuous” enough, according to the complaint. The disclosure also did not provide instructions for how to inform the debt collector via email that the consumer wished to opt … The post Daily Digest – September 16.

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Debt collector 246

American Profit Recovery

SEPTEMBER 16, 2022

By Sabrine: Employees may not be comfortable asking questions or asking for advice from their peers because of the environment they are working in. Luckily here at American Profit Recovery, it’s unlikely to be the case because we provide professional development opportunities on a consistent basis. Once a week, we hold a meeting called “Best Practices,” hosted by our top debt collection professionals, work team leads, and management.

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Collection Agencies Collections Agency Collections 130

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

Account Recovery

SEPTEMBER 16, 2022

A District Court judge in New Jersey has granted a defendant’s motion to dismiss, ruling that a discount offer conveyed in a collection letter did not overshadow the plaintiff’s right to dispute the debt nor did offering multiple discount offers constitute a deceptive or misleading violation of the Fair Debt Collection Practices Act. A copy … The post Judge Grants MTD in FDCPA Case Over Settlement Offer appeared first on AccountsRecovery.net.

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Account Recovery

SEPTEMBER 16, 2022

The amount that is used as the threshold for an “emergency” expense is likely a lot higher than people have been using, and that could be bad news for companies in the accounts receivable management space. Economists — and even the Federal Reserve Board — has used $400 as the benchmark average cost for an … The post An ‘Emergency’ Expense is a lot More Expensive Than You Think These Days appeared first on AccountsRecovery.net.

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Accounts Receivables Management 242

True Accord

SEPTEMBER 16, 2022

Trying to keep up with regulations in debt collection can feel overwhelming especially with new cases and federal guidance coming out regularly interpreting the law and states actively amending or creating new laws that impact debt collectors, original creditors, and current creditors. Here are four common compliance myths and misconceptions for collections debunked (no detective work needed)!

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Collections Debt collector Fair Debt Collection Creditors 96

Account Recovery

SEPTEMBER 16, 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 Another Collector Facing Class-Action for Location, Format of Email Opt-Out Disclosure appeared first on AccountsRecovery.net.

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Nerd Wallet

SEPTEMBER 16, 2022

In the early days of the pandemic, technology stocks were the talk of the town. Companies that provided quick, innovative solutions to a changing world’s problems were handsomely rewarded by the stock market. In 2022, that enthusiasm has dampened, with worries of a looming recession hitting tech companies especially hard. On Sept. 13, the Nasdaq-100.

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Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

FFGN COLLECT NY

SEPTEMBER 16, 2022

In some cases, debt collection lawyers may offer contingency fee debt collection arrangements also known as no recovery, no fee collections. The debt collection process can include demand, mediation, arbitration, litigation and judgment enforcement. The availability of contingency fee debt collection depends upon the state’s and/or country’s rules and laws.

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Nerd Wallet

SEPTEMBER 16, 2022

A factor rate represents the cost of a small-business loan and is expressed as a decimal, unlike interest rates, which are shown as percentages. Factor rates are commonly used to quote the price of merchant cash advances and short-term loans from online lenders. Here’s an overview of factor rates and how to calculate them to. Randa Kriss writes for NerdWallet.

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Troutman Sanders

SEPTEMBER 16, 2022

In this episode of The Crypto Exchange , Troutman Pepper Partner Keith Barnett welcomes his colleague Deborah Kovsky-Apap to discuss various bankruptcy issues facing crypto exchanges, including who exactly owns the digital assets when an exchange files for bankruptcy. Additionally, Keith and Deborah explore bankruptcy eligibility for crypto exchanges and security interests in crypto.

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Bankruptcy 52

Nerd Wallet

SEPTEMBER 16, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode is a special live episode that was recorded at a company gathering in Las Vegas over the summer. Check out this episode on any of these platforms: Apple Podcasts Spotify Our take If you want to gamble in Vegas. Sean Pyles writes for NerdWallet.

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Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

Troutman Sanders

SEPTEMBER 16, 2022

Troutman Pepper consumer finance partner, Lori Sommerfield, will present CFPB UDAAP Developments under Director Chopra’s Leadership during NAFCU’s Regulatory Compliance & BSA Seminar in Louisville, Ky. The Seminar brings together NCCOs, NCBSOs, compliance, audit, and legal staff and provides an opportunity to stay abreast of evolving regulatory trends including the latest compliance and BSA challenges.

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Credit Unions Credit Unions 52

Nerd Wallet

SEPTEMBER 16, 2022

For any traveler, there is always one part of the trip that can bring anxiety — security checks. Regrettably, security checks can be a nuisance, whether getting by the Transportation Security Administration to catch your departing flight or arriving home from an international trip and dealing with customs. But there are ways to ease the. Alisha McDarris writes for NerdWallet.

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Troutman Sanders

SEPTEMBER 16, 2022

After analyzing public feedback, as well as information gathered from the five providers of Buy Now, Pay Later (BNPL) products, the Consumer Financial Protection Bureau (CFPB) issued a report, making it clear that the CFPB plans to increase regulation of the BNPL industry. A form of credit that allows a consumer to split a retail transaction into smaller, interest-free installments and repay over time, the typical BNPL structure divides a $50 to $1,000 purchase into four equal installments.

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Lender Retail Loans Financial services 52

Nerd Wallet

SEPTEMBER 16, 2022

Whether you’re taking a long-awaited vacation or need to book travel urgently for an emergency, you may not currently have all of the funds necessary to book a trip. Enter a service like Fly Now Pay Later that lets you “buy now, pay later” for flights, hotels and other travel expenses. But you may be. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Consumer Finance Watch

SEPTEMBER 16, 2022

Wayne Streibich, Diana M. Eng, and Andrea M. Roberts ? Financial institutions, debt collectors, debt collection law firms, and consumer-facing businesses should take note that the Eleventh Circuit Court of Appeals reversed the prior panel’s decision and has ruled that merely … Continue reading → The post Farewell, <i>Hunstein</i>—Eleventh Circuit Holds Disclosing Debtor’s Information to Mail Vendor Does Not Establish Concrete Harm appeared first on Consumer Finance Wa

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Law Firms Financial Institution Debt collector Collections 52

Nerd Wallet

SEPTEMBER 16, 2022

The Apple Card has been a fan favorite since its release in 2019. Among its draws is the ability to access rewards earned from the card — called Daily Cash — nearly instantly, rather than having to wait until the end of the billing cycle as with many cards. The $0-annual-fee card earns 2% back. Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com.

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Direct Recovery

SEPTEMBER 16, 2022

Dealing with debt collectors is a frustrating experience for anyone to deal with, regardless of the underlying reasons for the situation. Fortunately, the local laws in California offer a wide range of protections that limit what those agents can do when they contact consumers. While there isn’t all that much that a debt collector can do to a consumer here in California, there are a few things that are permitted, assuming they are attempting to contact you about a legitimate debt.

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Nerd Wallet

SEPTEMBER 16, 2022

The Priceline VIP Rewards™ Visa® Card has an exciting new feature that could have you jetting off to your next vacation in no time. Now, cardholders have the option to earn 5x points for every dollar you spend when booking travel via Priceline, even when redeeming points. This means you could be racking up points. Ramsey Qubein writes for NerdWallet.

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Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

Fraser

SEPTEMBER 16, 2022

Small Michigan Cannabis Growers Ask State to Stop Issuing Grow Licenses. Small cannabis businesses “overwhelmingly” asked the Michigan Cannabis Regulatory Agency to stop issuing new grow licenses (at least temporarily) at the CRA’s recent public quarterly meeting, according to MLive.com. They also requested that the number of plants any business can grow be capped at 10,000, and that there be better enforcement of black-market sales.

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Construction 40

Nerd Wallet

SEPTEMBER 16, 2022

Sonesta may not be as ubiquitous as other hotel brands, but its footprint has grown in recent years. And while it’s becoming easier to find a Sonesta hotel, the company remains a small player in the hospitality industry. In turn, only a small number of travelers will benefit from its co-branded credit card. The Sonesta. Jae Bratton writes for NerdWallet.

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Nerd Wallet

SEPTEMBER 16, 2022

Heading out on a vacation sounds good, doesn’t it? After all, there’s not much else like sipping a daiquiri on the beach. But there’s an extra step to take before traveling when you’ve got pets at home. Do you opt for a pet sitter, find a doggy hotel or bring your furry friend along with. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.

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