Account Recovery
MARCH 29, 2023
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 20 Companies Seeking Collection Talent first appeared on AccountsRecovery.net.
Consumer Finance
MARCH 29, 2023
The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination.
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Account Recovery
MARCH 29, 2023
A District Court judge in New York has partially granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act and denied the plaintiff’s motion, in a case that illustrates possessing an individual’s cell phone number is not guaranteed to prove consent to contact that number. A copy of the ruling in the … The post Judge Partially Grants MSJ for Defense in TCPA Case, But Leaves Door Open on Consent first appeared on AccountsRecovery.net.
Nerd Wallet
MARCH 29, 2023
Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Is the Remote Work Boom Busting? originally appeared on NerdWallet.
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 29, 2023
A Magistrate Court judge in New York has ordered the defendant in a Fair Debt Collection Practices Act class action case to pay $44,895 in attorney’s fees to the plaintiffs for waiting six months to disclose that one of its employees — that the plaintiffs were seeking to depose — had suffered a stroke and … The post Defendant in FDCPA Case Ordered to Pay $45k in Fees For Not Disclosing Subpoenaed Employee Had Suffered Stroke first appeared 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
MARCH 29, 2023
The fact that more Americans are living paycheck-to-paycheck these days has them focusing more on taking care of their short-term financial needs rather than doing more planning for the future, according to the results of a nationwide survey. Nearly 80% of those who participated in the survey said they would struggle financially if they missed … The post Most People Falling Behind on Bills for Non-Monetary Reasons: Survey first appeared on AccountsRecovery.net.
Nerd Wallet
MARCH 29, 2023
Olivia Chen writes for NerdWallet. Email: ochen@nerdwallet.com. The article Should You Get a Business Loan With a Cosigner? originally appeared on NerdWallet.
Account Recovery
MARCH 29, 2023
JUDGE PARTIALLY GRANTS MSJ FOR DEFENSE IN TCPA CASE, BUT LEAVES DOOR OPEN ON CONSENT A District Court judge in New York has partially granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act and denied the plaintiff’s motion, in a case that illustrates possessing an individual’s cell phone number is not … The post Daily Digest – March 29.
Nerd Wallet
MARCH 29, 2023
Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article How to Get Cash From a Credit Card originally appeared on NerdWallet.
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UK debt collections
MARCH 29, 2023
Liquidators have listed 61 creditors owed a combined total of £1.14m after luxury car retailer Autovogue slipped into liquidation this month. Documents filed with Companies House yesterday (March 26) showed that BCA Partner Finance was the main creditor of Staffordshire-based Autovogue, which ceased trading in February – leaving a trail of dissatisfied customers.
Nerd Wallet
MARCH 29, 2023
Kate Ashford, CSA® writes for NerdWallet. Email: kashford@nerdwallet.com. Twitter: @kateashford. The article Will My Disability Benefits Change at Retirement Age? originally appeared on NerdWallet.
Troutman Sanders
MARCH 29, 2023
As discussed here , on February 1, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would amend Regulation Z to: 1) decrease the safe harbor for credit card late fees to $8 and eliminate altogether a higher safe harbor amount for subsequent late payments; 2) eliminate the annual inflation adjustments for the late fee safe harbor amount; and 3) mandate that late fees must not exceed 25% of the required minimum payment.
Nerd Wallet
MARCH 29, 2023
Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article How to Price a Product originally appeared on NerdWallet.
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?
Troutman Sanders
MARCH 29, 2023
The U.S. House of Representatives has passed a bill, H.R. 1773 , that seeks to amend the Fair Debt Collection Practices Act (FDCPA). The proposed amendment would include a two-year bar on the collection of medical debts from the date first payment on the debt is due. The bill was introduced by Michigan Representative Rashida Tlaib (D) and has already passed in the House of Representatives.
Nerd Wallet
MARCH 29, 2023
Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article How to Market a Product originally appeared on NerdWallet.
Consumer Finance Watch
MARCH 29, 2023
Diana M. Eng, Louise Bowes Marencik, and Jonathan K. Moore ● Entities regulated by the Consumer Financial Protection Bureau (“CFPB”), including banks, credit unions, payday lenders, mortgage servicers, debt collectors, and other financial services providers, should take note that the Second Circuit has … Continue reading → The post Second Circuit Holds CFPB’s Funding Structure Is Constitutional appeared first on Consumer Finance Watch.
Consumer Finance
MARCH 29, 2023
Director Chopra delivered prepared remarks at the Just Economy Conference hosted by the National Community Reinvestment Coalition in Washington, DC.
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NACM
MARCH 29, 2023
As I wrap up module 10 for FCIB's International Credit Risk & Management (ICRM) course, I'm amazed at how far I've come starting with limited knowledge of international credit. From learning about the three extra C's of credit (country, culture and currency), establishing credit lines in payment terms and letters of credit, I still can't believ.
Consumer Finance
MARCH 29, 2023
Director Chopra delivered prepared remarks at the American Bar Association Spring Meeting.
True Accord
MARCH 29, 2023
Reaching consumers can feel harder than ever these days, so struggling to engage delinquent customers can leave some businesses ready to accept losses as just another “cost of doing business.” With 75% of Americans reporting that they will never answer calls from unknown numbers, even the most targeted scoring model for calling has low chances of recovering funds.
Consumer Finance
MARCH 29, 2023
CFPB finaliza normativa exigida por el Congreso para aumentar transparencia en el crédito a la pequeña empresa, promover desarrollo y combatir discriminación.
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.
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