Account Recovery

AUGUST 12, 2020

Individuals with student loans who are living in neighborhoods that are primarily made up of Black and Latinos are twice as likely to have their debt in collections as those living in neighborhoods that are primarily made up of white individuals, according to research that has been published by the New York City Department of … The post Student Loan Debt a Major Factor in Racial Wealth Inequality: Report appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Collections 230

Debt

AUGUST 12, 2020

There are signs that another round coronavirus relief – and the $1,200 second stimulus check that’s the featured centerpiece in it – may not happen after all. Democratic leaders Nancy Pelosi (D-Calif.) and Chuck Schumer (D-N.Y.) have not spoken with Treasury Secretary Steven Mnuchin or White House Chief of Staff Mark Meadows in five days […]. The post Update on the Second Round of Stimulus Checks appeared first on Debt.org.

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Account Recovery

AUGUST 12, 2020

A District Court judge handling a lawsuit filed by the Consumer Financial Protection Bureau against a collection law firm for allegedly violating the Fair Debt Collection Practices Act has decided to stay the case until after the Supreme Court issues a ruling in a case challenging the constitutionality of a federal agency being run by … The post Judge Stays CFPB’s Suit Against Collection Firm Pending Supreme Court Ruling appeared first on AccountsRecovery.net.

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Fair Debt Collection Law Firms Collections 225

Nerd Wallet

AUGUST 12, 2020

Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship. Focus on your strengths, skills and experience. You can perform. Steve Nicastro is a writer at NerdWallet.

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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

AUGUST 12, 2020

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for multiple alleged violations of the Fair Debt Collection Practices Act based on a letter that was sent to the plaintiff, including claiming that the letter did not adequately identify the creditor to whom the debt was … The post Judge Grants MTD in FDCPA Case Over Collection Letter appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Creditors 147

Account Recovery

AUGUST 12, 2020

JUDGE GRANTS MTD IN FDCPA CASE OVER COLLECTION LETTER A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for multiple alleged violations of the Fair Debt Collection Practices Act based on a letter that was sent to the plaintiff, including claiming that the letter did not … The post Daily Digest – August 12.

Law Firms 130

Law Firms Fair Debt Collection Collections 130

Nerd Wallet

AUGUST 12, 2020

You’re hardly driving anymore. But how do you turn in your leased car without losing a small fortune? Because of the pandemic and the sagging economy, many people are asking this same question. The good news is that the once-rigid leasing process has become a bit more flexible thanks to new online information and resources. Philip Reed is a writer at NerdWallet.

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Loans 108

Debt

AUGUST 12, 2020

COVID-19 has put a plug in the nation’s cash flow, forcing graduates to dig deeper into their pockets if they want to avoid drowning in student loan debt. Fortunately, the CARES Act, signed into law on Mar. 23, halts student loan payments and stops interest from accruing on federal student loans until Sept. 30, 2020. […]. The post Handling Student Loans During the Pandemic appeared first on Debt.org.

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Student loans Student Loans Loans 75

Nerd Wallet

AUGUST 12, 2020

Legendary Route 66, often called the Main Street of America, draws tourists from around the world. These days, Americans are embracing the summer of road trips, and there are plenty of attractions to see and explore on this authentic “Americana” drive that stretches more than 2,000 miles through eight states. Plus, if you’re looking to. Ramsey Qubein is a writer at NerdWallet.

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Collections

Arbeit Software

AUGUST 12, 2020

Is your agency's skiptracing procedure as efficient as it can be? We spoke to Chris Ball of Belvista Software to learn more about how agencies can maximize their skiptracing procedures and outcomes.

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Nerd Wallet

AUGUST 12, 2020

While a “C” average may feel middle-of-the-road on an academic scale, nailing the five C’s of credit is the key to getting business funding from banks and other financial institutions. The five C’s, or characteristics, of credit — character, capacity, capital, conditions and collateral — are a framework used by many traditional lenders to evaluate. Jackie Zimmermann is a writer at NerdWallet.

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Collateral Financial Institution Lender Banks 88

Better Credit Blog

AUGUST 12, 2020

Missing a payment is a simple slip that can wreak havoc on your credit score and lead to some frustrating phone calls. If you’ve been contacted by 11 Charter Communications or have encountered the name on your credit report, a missed payment on a Charter Spectrum account is likely the culprit. While an unexpected debt collection call can be stressful, dealing with the problem is actually simpler than you might expect.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 64

Nerd Wallet

AUGUST 12, 2020

With fewer Americans traveling during the pandemic, many premium travel rewards cardholders are amassing significant rewards with nowhere to go. If you’re a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® cardholder who has accumulated a lot of points but doesn’t want to use them for travel, Chase has a temporary alternative. The “Pay Yourself.

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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

Fraser

AUGUST 12, 2020

On Saturday, the President issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from September 1st through December 31, 2020, although the President indicated that it could end up being applied retroactive to August 1st. The deferral applies to any employee whose pretax wages or compensation during any bi-weekly pay period is less than $4,000.

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Government Collections 63

Nerd Wallet

AUGUST 12, 2020

Advertisement Comparing car insurance quotes may not be the most exhilarating part of your day, but it can save you a lot of money. Here’s why: Insurers look at similar factors, but they have their own “secret sauce” when it comes to setting rates. So two companies can charge wildly different rates for the. The article Compare Excellent Car Insurance Rates For You originally appeared on NerdWallet.

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Auto Insurance 70

Troutman Sanders

AUGUST 12, 2020

On August 6, 2020, President Trump issued two executive orders banning widely used Chinese social media services TikTok and WeChat. Citing national security concerns due to the applications’ abilities to automatically capture the personal information of U.S. citizens, censor content “that the Chinese Communist Party deems politically sensitive” and spread “disinformation campaigns that benefit the Chinese Communist Party,” the executive orders prohibit all individuals and entities subject to the

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Acquisition Government Collections 52

Nerd Wallet

AUGUST 12, 2020

You’re a small-business owner in need of capital now, and a merchant cash advance looks like a good deal. Before you act, consider this: That quick cash could really cost you. MCAs have been known to carry annual percentage rates — the total cost of a loan, including all fees — in the triple digits. Steve Nicastro is a writer at NerdWallet. Email: articles@nerdwallet.com.

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Loans 68

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Collections

Burr Forman

AUGUST 12, 2020

The South Carolina Department of Revenue (“DOR”, “SCDOR”, the “Department”) recently issued SC Information Letter #20-22 in which it released a series of helpful “ Information Guides ” concerning updated and specific administrative appeal procedures involving the following South Carolina tax/tax areas: State Tax Appeal Procedures for State Tax Refund Claims (Other than Property Tax, Bingo, and Alcoholic Beverage Matters); State Tax Appeal Procedures for State Tax Assessments including License Re

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Financial Institution Government Loans 52

Nerd Wallet

AUGUST 12, 2020

For true Southwest fans, the Southwest Rapid Rewards® Priority Credit Card is a value magnet, whether you fly them exclusively or only when a particularly good deal pops up on your radar. The rewards on the Southwest Rapid Rewards® Priority Credit Card are pretty simple: You get 2 points per $1 spent on purchases made. Megan Lee is a writer at NerdWallet.

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Troutman Sanders

AUGUST 12, 2020

On August 5, 2020, the US Senate Committee on Veterans’ Affairs ordered the Stopping Harm and Implementing Enhanced Lead-time for Debts for Veterans Act of 2020 (the “Act”) , formerly known as the Veteran Debt Fairness Act of 2019, to move forward in the legislative process. The Act seeks to substantively amend Chapter 53, title 38 of the US Code in several ways, including those listed below.

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Debt collector 52

Burr Forman

AUGUST 12, 2020

UPDATE: Governor Kemp signed S.B. 359 into law on August 5, 2020. The new shield law will apply to all claims accruing on or before July 14, 2021. KEY TAKEAWAY – GEORGIA BUSINESSES SHOULD POST THE STATUTORY NOTICE AT POINTS OF ENTRY OR ON ANY RECEIPT OR PROOF OF PURCHASE. On Friday, June 26, the Georgia legislature approved a bill to shield Georgia businesses from COVID-19 lawsuits brought by customers, members of the public, or employees except in the most egregious cases.

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Healthcare 52

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.

CSA

AUGUST 12, 2020

The Credit Services Association, the voice of the debt collection and debt purchase sector, has confirmed the dates for its 2021 annual conference - UK Credit and Collections Conference (UKCCC) - which will be held at Newcastle Crowne Plaza on Thursday 9 September 2021. It has also reported the success of its first Virtual Members? Business Update event, one of a series of virtual events which brings together a host of expert speakers who deliver bitesize presentations on specialist subjects and

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Collections 52

Public Citizen

AUGUST 12, 2020

Albert H. Choi of Michigan and Kathryn E. Spier of Harvard have written  The Economics of Class Action Waivers. Here is the abstract: Many firms require consumers, employees, and suppliers to sign class action waivers as a condition of doing business with the firm, and three recent US Supreme Court cases, Concepcion, Italian Colors, and Epic Systems, have endorsed companies’ ability to block class actions through mandatory individual arbitration clauses.

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