Account Recovery

APRIL 11, 2023

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 Plaintiff Sues Collector for Pursuing Collection Lawsuit After Being Notified of ID Theft first appeared on AccountsRecovery.ne

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Collections 130

Credit Corp

APRIL 11, 2023

Your credit score communicates with lenders your level of credit trustworthiness. As a result, those with higher credit scores qualify for higher credit limits and better interest rates. Your credit score will play a major role if you plan to purchase a house or apply for a loan in the future. Understanding credit scores and what they mean can improve your financial literacy.

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Banks Education Lender Loans 97

Account Recovery

APRIL 11, 2023

In a case that was defended by the team at Malone Lyons Watts Morgan, a District Court judge in California has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to sue because he testified during his deposition that he never read the letter … The post Judge Grants MSJ in FDCPA Case Over Cease Communication Response first appeared on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 130

PDC Flow

APRIL 11, 2023

Many customers still want the option to make a payment or ask questions to a live customer service agent. After all, a conversation with an employee is often the easiest way to resolve an issue. How can organizations take payments over the phone and still keep payment data secure? SURVEY SAYS: “Nearly 7 in 10 respondents (69%) said talking to a live agent by phone is one of their top three preferred methods of communication with a company’s customer service department.

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Banks Government 71

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

APRIL 11, 2023

Consumer complaints about the Telephone Consumer Protection Act, Fair Debt Collection Practices Act, and the Fair Credit Reporting Act were down in February 2023 compared to the previous year, the previous month, and year-to-date, according to data released yesterday by WebRecon. The same applies to consumer complaints filed with the Consumer Financial Protection Bureau, which … The post Complaint Totals Plummet in February: WebRecon first appeared on AccountsRecovery.net.

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Fair Debt Collection Collections 130

Account Recovery

APRIL 11, 2023

Seeking to combat the narrative that all fees are junk fees, the Consumer Bankers Association has released the results of a nationwide survey that reveals that 57% of consumers think that late fees assessed for not paying their credit card bills on time are legitimate and should not be considered junk fees. More than three-quarters … The post Bankers Org.

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UK debt collections

APRIL 11, 2023

Small businesses supplying the automotive, retail industry and manufacturing sectors face the longest-ever wait for payment from some of the UK’s largest companies, according to Good Business Pays. Supplier late payment worsening for some Good Business Pays, which campaigns to stamp out bad payment practice and poor payment culture, analysed payment data that shows that the average number of days taken to pay suppliers has risen between February 2022 and February 2023.

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Retail Manufacturing 59

Account Recovery

APRIL 11, 2023

A debt collector in California is being accused of filing “thousands” of collection lawsuits against individuals and engaging in a “large-scale fraud” by not properly serving consumers with summonses and complaints while it faces a lawsuit filed by a non-profit legal organization for allegedly filing false proofs of service. A copy of the article is … The post Article Puts Spotlight on Agency Being Sued for Allegedly Engaging in Sewer Service first appeared on Accou

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Debt collector Collections 130

Troutman Sanders

APRIL 11, 2023

In a recent decision , the U.S. District Court for the Eastern District of Pennsylvania granted summary judgment in a Fair Credit Reporting Act (FCRA) case where a bank promptly corrected inaccurate mortgage payment information furnished to three national consumer reporting agencies (CRAs). In their complaint, the plaintiffs asserted FCRA claims against the bank holding their mortgage and the CRAs alleging the bank incorrectly reported payments in forbearance were, in fact, delinquent.

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Judgment Banks Loans Financial services 52

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Collections

Account Recovery

APRIL 11, 2023

PLAINTIFF SUES COLLECTOR FOR PURSUING COLLECTION LAWSUIT AFTER BEING NOTIFIED OF ID THEFT Love is blind, they say. And sometimes, love leads to Fair Debt Collection Practices Act lawsuits. A plaintiff has filed an FDCPA suit against a collector, accusing it of attempting to collect on a debt that was a result of the plaintiff’s … The post Daily Digest – April 11.

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Fair Debt Collection Collections 130

Credit Corp

APRIL 11, 2023

You might not realize it, but having a good credit score may directly impact your ability to achieve your personal and financial goals. For instance, you might not be able to purchase a home or new car unless your credit is in good standing. Nearly all lenders conduct thorough credit checks prior to approving a loan. If you don’t have at least a good credit rating, you’re apt to have trouble securing a loan.

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Lender Loans Credit Bureau Debt Consolidation 52

Troutman Sanders

APRIL 11, 2023

On April 5, the Federal Deposit Insurance Corporation (FDIC) released its Consumer Compliance Supervisory Highlights report, providing a high-level overview of consumer compliance issues identified by the agency during 2022 in its supervisory activities of state non–member banks and thrifts. The report did note that, “[o]verall, supervised institutions demonstrated effective management of their consumer compliance responsibilities.

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Financial Institution Banks Lender Creditors 52

Credit Corp

APRIL 11, 2023

Retirement is something most people strive for—however, it may seem like a moving target. Recently, more people don’t retire until later in life due to the immense preparation it takes to retire. Not to mention, many are struggling to save the necessary resources to retire comfortably. With the lasting impacts of COVID-19 pandemic and the rising cost of living, we investigated the state of retirement in the United States and across the world.

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Education Government Loans 98

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

Fico Collections

APRIL 11, 2023

Home Blog FICO Are Student Loan Holders at Risk as Deferments Expire? Factors driving credit score decreases observed among student loan holders involved behaviors such as delinquency on credit products including bankcards, auto loans, and mortgages Saxon Shirley Thu, 05/12/2022 - 07:46 by Paul Panichelli expand_less Back To Top Tue, 04/11/2023 - 15:00 As many federal student loan holders exit accommodations made during the pandemic period to suspend student loan payments, they are now faced wit

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Student loans Student Loans Loans Lender 52