Account Recovery

MARCH 1, 2021

More than 44% of individuals with student loan debt have not made any payments since last March, according to the results of a poll released on Friday. About 22% of the individuals who participated in the poll said they had some form of student loan debt, with most of the respondents having between $20,000 and … The post 44% of Consumers With Student Loan Debt Haven’t Made Any Payments in a Year: Survey appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans 246

Nerd Wallet

MARCH 1, 2021

If a flood wrecks your house and belongings, and you don’t have flood insurance, you may feel as though you’ve lost everything. But once the floodwaters recede, help is available to get you back on your feet. Your first step: Check your insurance. Although your homeowners policy likely won’t cover flood damage, your auto policy. Sarah Schlichter writes for NerdWallet.

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Account Recovery

MARCH 1, 2021

Even though its representative may not have followed the exact protocols for placing a location information call, the Fifth Circuit Court of Appeals has upheld the dismissal of a Fair Debt Collection Practices Act case against a collection agency because the call in question did not meet the definition of a “communication” under the statute. … The post Appeals Court Upholds Dismissal of FDCPA Third-Party Disclosure Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collection Agencies Collections Agency Collections 246

Credit Corp

MARCH 1, 2021

This post originally appeared in the The Financially Independent Millennial. Are you looking for part-time weekend jobs in your area? Indeed, millions of Americans are looking to make a little extra money by working on the weekends. They might need to supplement their income, keep themselves busy on weekends, among other reasons. Or, perhaps it’s a student who needs to earn a little extra money to help pay student loans.

Retail 101

Retail Education Student loans Student Loans 101

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 1, 2021

A District Court judge in Kansas has granted a plaintiff’s motion for summary judgment after it was sued by the state Attorney General for allegedly violating a state law that prohibits imposing a surcharge on transactions that are paid with a credit card, ruling that the law is an unconstitutional restriction on commercial speech in … The post Judge Grants MSJ For Plaintiff in First Amendment Challenge to Kansas Card Surcharge Law appeared first on AccountsRecovery.net.

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Judgment 227

Account Recovery

MARCH 1, 2021

The Consumer Financial Protection Bureau should “halt” the implementation of its debt collection rule and “fix” it by reducing the number of call attempts, requiring consumers to opt in to receive electronic communications, and prohibit the collection of time-barred debt, as a means of improving consumer protection and stemming the influx of consumer complaints, which … The post Advocacy Report Calls on CFPB to Make Changes to Debt Collection Rule appeared first on

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Collections 195

Nerd Wallet

MARCH 1, 2021

Buying a home in the Nutmeg State? Before closing day, you’ll want to get a home inspection to give you a better idea of whether your new house comes with any significant problems. Here’s what you should know about getting a home inspection in Connecticut. What is a home inspection? A home inspection is a. Kate Wood writes for NerdWallet. Email: kwood@nerdwallet.com.

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Account Recovery

MARCH 1, 2021

APPEALS COURT UPHOLDS DISMISSAL OF FDCPA THIRD-PARTY DISCLOSURE CASE Even though its representative may not have followed the exact protocols for placing a location information call, the Fifth Circuit Court of Appeals has upheld the dismissal of a Fair Debt Collection Practices Act case against a collection agency because the call in question did not … The post Daily Digest – March 1.

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Fair Debt Collection Collections Collection Agencies Collections Agency 147

Nerd Wallet

MARCH 1, 2021

Before COVID-19, doing your taxes often meant carrying a box of paperwork to someone’s office for a long, in-person visit. For many people, that’s no longer a viable option in this era of social distancing. But there are still ways to get your taxes done safely — if you know what to look for. 1. Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

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Collections

Account Recovery

MARCH 1, 2021

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Nerd Wallet

MARCH 1, 2021

Consumers filed complaints with the Consumer Financial Protection Bureau in record numbers in 2020, according to a report released Monday by the U.S. Public Interest Research Group, a nonprofit consumer advocacy group. Credit reporting issues were cited in 282,000, or 63%, of the complaints. The majority noted “incorrect information” on credit reports or “information belongs.

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Burr Forman

MARCH 1, 2021

In an SEC filing Friday, February 26, Robinhood Financial and Robinhood Securities disclosed they are negotiating with FINRA, the SEC, and state regulators, attempting to settle investigations into options-trading and outages from March, 2020. The investigations focus on Robinhood’s options-trading approval processes and how the app displays cash and buying power to customers.

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Trade Financial Institution 59

Nerd Wallet

MARCH 1, 2021

Finding a trusted general contractor who’s a good fit for your remodeling project can ensure a job well done, with less stress and fewer expensive surprises along the way. General contractors are licensed to oversee and coordinate construction jobs with multiple tasks, such as a complete kitchen remodel or a whole-house renovation. While it’s possible.

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Construction 81

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

Better Credit Blog

MARCH 1, 2021

Is Bank of America bringing down your credit score? If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. In the guide below, we’ll walk you through a few strategies for dealing with a collections account from Bank of America.

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Banks Collections Debt collector Collection Agencies 52

Nerd Wallet

MARCH 1, 2021

As more companies offer remote positions through the pandemic and beyond, many workers are considering the possibility of hitting the road for good as digital nomads. Yet working remotely isn’t all hammocks and margaritas. Living and working full- or part-time in a hotel offers many advantages for the geographically independent. Beyond clean sheets and free.

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Troutman Sanders

MARCH 1, 2021

On February 22, Senator Chris Van Hollen (D-MD) introduced Senate Bill S. 355 , which is intended to prevent health care providers and their agents from taking “extraordinary collection actions” relating to the collection of debts incurred from the “receipt of medical services, products, or devices.”. If passed, the COVID-19 Medical Debt Collection Relief Act of 2021 would restrict certain debt collection practices until either: (a) the COVID-19 pandemic is over; or (b) 18 months after the date

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Collections Garnishment Consumer Credit Banks 52

Nerd Wallet

MARCH 1, 2021

Calling American Express cardholders: If you hold The Platinum Card® from American Express, the Delta SkyMiles® Platinum American Express Card or a number of other premium AmEx cards, you’re now getting an added perk. Starting April 1, 2021, eligible cardholders who charge their wireless bill to their AmEx card are eligible to be reimbursed for. Erin Hurd writes for NerdWallet.

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Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

Collections

Troutman Sanders

MARCH 1, 2021

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Financial services Foreclosure Financial Institution Government 52

Nerd Wallet

MARCH 1, 2021

It can seem completely counterintuitive, right? If credit cards are what got you into debt in the first place, why on earth would you go and apply for another one as you’re trying to tackle that debt? You could risk making things even worse. That certainly could happen. But if you have a plan —. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Credit Card Debt 53

Better Credit Blog

MARCH 1, 2021

Is Bank of America bringing down your credit score? If your credit report is displaying a collections account for Bank of America, it’s probably because you missed a payment somewhere down the line. How you should respond to a collections entry from Bank of American depends on several factors. In the guide below, we’ll walk you through a few strategies for dealing with a collections account from Bank of America.

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Banks Collections Debt collector Collection Agencies 52

Nerd Wallet

MARCH 1, 2021

March mortgage rates forecast Mortgage rates leaped higher in the second half of February and probably will continue rising in March. The average rate on the 30-year fixed-rate mortgage went up 0.43 of a percentage point from the end of January (2.73%) to the end of February (3.16%). February’s jump in rates was one of. Holden Lewis writes for NerdWallet.

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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

MARCH 1, 2021

The Credit Services Association, the trade association for the debt collection industry, has confirmed the appointment of two new non-executive directors to its Board: James Appleby from Arrow Global and Kathryn Morgan of Lowell Financial Ltd. Both new directors have extensive experience in the financial services sector: James is currently Managing Director Northern Europe of Arrow Global Group and has held senior positions within Barclays Bank, Chetwood Bank, and Vanquis Bank; Kathryn has held

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Trade Financial services Banks Collections 40

Nerd Wallet

MARCH 1, 2021

A Diners Club card is like a regular charge card or credit card, with an emphasis on travel — not dining, oddly. The main difference is that, currently, an individual can’t become a new Diners Club cardholder in the United States. However, Diners Club continues to service current customers. How to get a Diners Club. Gregory Karp writes for NerdWallet.

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Debt Collection Answers

MARCH 1, 2021

Here are some top reasons why you can't get your finances organized and what to do about it.

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Nerd Wallet

MARCH 1, 2021

Southwest Airlines Business, also known as SWABIZ, is a one-stop shop for booking business and group travel. This online tool allows you to book flights with access to the same low fares advertised on Southwest.com, while enjoying some valuable added features. Additionally, Southwest Airlines‘ corporate travel program could make managing business travel easier, with customized.

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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.

Credit Unions