Account Recovery

AUGUST 28, 2020

The Director of the Consumer Financial Protection Bureau has denied a petition from a credit repair organization to set aside a civil investigative demand it received from the Bureau, disagreeing with the premise that the CFPB’s request is unlawful because it could not bring an enforcement action against the company. A copy of the denial, … The post CFPB Denies Petition From Credit Repair Org. to Set Aside CID appeared first on AccountsRecovery.net.

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Enterprise Recovery

AUGUST 28, 2020

There's no question that businesses and cash flow have been affected by the recession and pandemic. Some companies have taken advantage of this time to pivot, rebrand or change focus to save their businesses and keep their customers happy. In the middle of all of that, you might be facing the stress of lacking resources necessary to keep going. You might also be surprised to learn that you actually already have the company funds you need.

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Collections 130

Account Recovery

AUGUST 28, 2020

A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits have been, or will soon be, filed against them if they do not … The post FTC Files Suits Against Alleged Collection Scammers appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Trade 246

Nerd Wallet

AUGUST 28, 2020

When the pandemic hit, a lot of companies started allowing staff to work from home — temporarily. But since then, a new trend has begun to emerge: More and more companies are allowing employees to work from remote locations permanently. For this new cohort of remote workers, this opens up a world — literally —. Josh Garber 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 28, 2020

FTC FILES SUITS AGAINST ALLEGED DEBT COLLECTION SCAMMERS A District Court judge in South Carolina has lifted the seal on two complaints filed by the Federal Trade Commission against debt collection operations that are accused of violating the Fair Debt Collection Practices Act by allegedly convincing unsuspecting individuals that lawsuits have been, or will soon … The post Daily Digest – August 28.

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Fair Debt Collection Trade Collections 189

Account Recovery

AUGUST 28, 2020

A District Court judge in Texas has partially granted a defendant’s motion for judgment on the pleadings after it was sued for violating the Fair Debt Collection Practices Act in how it attempted to collect on a judgment. A copy of the ruling in the case of Kranz v. Midland Credit Management can be accessed … The post Judge Partially Grants Defendant’s Motion for Judgment in FDCPA Class Action appeared first on AccountsRecovery.net.

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Judgment Fair Debt Collection Credit Management Collections 147

Nerd Wallet

AUGUST 28, 2020

Tens of thousands of people turn to Google every month to see if now is the time to invest. It’s a loaded question, especially this year: In late February 2020, the S&P 500 began a monthlong decline, finding what investors hope was the pandemic floor on March 23. Historically, it has taken an average of. Chris Davis is a writer at NerdWallet. Email: cdavis@nerdwallet.com.

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Fraser

AUGUST 28, 2020

This is part one of a two-part blog post series on cottage succession planning in Michigan. The family cottage is a place for fun and relaxation in Michigan. It’s where different generations gather and form lifelong memories. When purchasing a cottage, it’s often the intent of the owner to pass the cottage on to future generations to enjoy. Unfortunately, that vision may not become a reality due to challenges such as high property taxes, differing objectives among heirs and resulting family disp

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Creditors 97

Nerd Wallet

AUGUST 28, 2020

Consumer Education Services Inc. offers many common credit counseling services by phone or online, including debt management plans, student loan counseling and housing counseling. CESI is headquartered in Raleigh, North Carolina, and offers services in all 50 states and Puerto Rico. CESI may be a good fit if you: Prefer an online experience. CESI offers.

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Education Student loans Student Loans Debt Management 96

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Collections

Fico Collections

AUGUST 28, 2020

As noted futurist Faith Popcorn said (all the way back in 1991): “You can trust a crystal ball about as far as you can throw it.”. With respect to what is next for the global economy, everybody’s crystal ball seems cloudy at the moment. While we at FICO do not claim any unique foresight into what is ahead for the U.S. economy, we are well positioned to share how the FICO® Score has shifted during past instances of widespread financial stress, as well as how it could react to the current stresse

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Lender Credit Bureau 94

TCPA

AUGUST 28, 2020

In a victory for debt collectors, the Central District of Illinois recently found that a plaintiff’s bare-bones allegations regarding use of an ATDS were particularly implausible because “the business of the defendant is such that it would not need a … Continue reading →

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Debt collector Collections 84

Nerd Wallet

AUGUST 28, 2020

When gaps in income occur, such as through a loss of employment, your rent bill can be the most difficult to pay because it’s often your largest expense. In these situations, a personal loan for rent may seem like a feasible short-term fix. But personal loans are an expensive way to pay rent, and there. Colin Thompson is a writer at NerdWallet. Email: cthompson@nerdwallet.com.

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Personal loans Loans 74

Re:Ceeve

AUGUST 28, 2020

Debt collection is far from a new concept. As such, it’s safe to assume that debt collections best practices are well-established and highly effective. Right? Wrong! Modern consumers think, browse, purchase, and communicate differently to their predecessors. This means that traditional debt collection practices generally miss the mark nowadays. In an age where customer experience is king and personalisation a mere expectation, lenders need to reevaluate how they approach collections.

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Collections Debtor Education Lender 52

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

Nerd Wallet

AUGUST 28, 2020

You’re working to earn enough points for your next vacation, but it’s taking forever. Luckily, with some loyalty programs, you can speed up the process by sharing points with family members or friends — combining your rewards to redeem for flights, hotel stays and other travel quicker. Here’s your guide to some airline, hotel and. Lee Huffman is a writer at NerdWallet.

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Burr Forman

AUGUST 28, 2020

The Small Business Administration (“SBA”) recently issued a new interim final rule clarifying whether paycheck protection program (“PPP”) loan proceeds may be used for certain payroll and nonpayroll costs and remain eligible for forgiveness, notwithstanding earlier guidance or uncertainty. Generally, PPP loans may be forgiven so long as used for a borrower’s payroll costs (generally, all compensation, capped at $100,000 on an annual basis, plus benefits) and certain mortgage interest, rent and

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Loans 52

Nerd Wallet

AUGUST 28, 2020

As road trips remain a popular travel option for the near future, a hotel credit card that helps you save on stays can come in handy. It’s even better if you can find one with no annual fee that offers valuable benefits. Though the Marriott Bonvoy Bold™ Credit Card has a $0 annual fee, it. Keith M. Rosso is a writer at NerdWallet. Email: travel@nerdwallet.com.

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Indiana Consumer Law Group

AUGUST 28, 2020

Have you purchased a swimming pool from Blue World Pools or Global Sun Pools and had problems? If so, we would love to hear from you. We are investigating Blue World Pools or Global Sun Pools and their business practices. Both of these companies advertise the purchase of a pool for “as low as $399.” We have received reports of consumers inquiring about a $399 pool and ending up with a pool that cost tens of thousands of dollars.

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Lawyers 52

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Collections

Burr Forman

AUGUST 28, 2020

The Small Business Administration (“SBA”) recently issued a new interim final rule clarifying whether paycheck protection program (“PPP”) loan proceeds may be used for certain payroll and nonpayroll costs and remain eligible for forgiveness, notwithstanding earlier guidance or uncertainty. Generally, PPP loans may be forgiven so long as used for a borrower’s payroll costs (generally, all compensation, capped at $100,000 on an annual basis, plus benefits) and certain mortgage interest, rent and

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Loans Financial Institution Government 45

Arbeit Software

AUGUST 28, 2020

Email as a debt collection tool can be intimidating.

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Collections 52

NACM

AUGUST 28, 2020

Pending home sales in the U.S. are up three straight months after another strong showing in July. The National Association of Realtors (NAR) reported Thursday its Pending Home Sales Index increased 5.9%. This is also up 15.5% from July 2019. Economists predicted sales would increase 3% in July, states Reuters. "We are witnessing a true V-shaped sal.

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Fico Collections

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems. 26 percent reuse five or fewer passwords a

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Banks Government 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.