Account Recovery

OCTOBER 28, 2020

JUDGE DENIES MOTION FOR ATTORNEYS’ FEES IN FDCPA CASE In a ruling that was spotlighted by Barron & Newburger, a District Court judge in Pennsylvania has granted a plaintiff’s motion to dismiss his own lawsuit and denied a defendant’s motion for attorneys’ fees and costs in a Fair Debt Collection Practices Act case. COLORADO EXTENDS … The post Daily Digest – October 28.

Fair Debt Collection 246

Fair Debt Collection Collections 246

American Profit Recovery

OCTOBER 28, 2020

There are many reasons collection agencies exist. And while many consumers do not like being on the receiving end of a communication from a collection agency, companies like ours provide a necessary service to organizations that have challenges in getting their customers and clients to pay or pay on time. It does not matter what size your company is.

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Collection Agencies Collections Agency Retrieval Collections 215

Account Recovery

OCTOBER 28, 2020

While deal volume remained relatively quiet in the accounts receivable management industry during the third quarter, there does appear to be an influx of both buyers and sellers entering the market, which could lead to an increase of deals in the future, according to a quarterly report published by Corporate Advisory Solutions. A copy of … The post M&A Deal Volume Ticks Up for ARM Industry in 3Q: Report appeared first on AccountsRecovery.net.

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Accounts Receivables Management 231

Nerd Wallet

OCTOBER 28, 2020

Getting approved for a mortgage is never easy. Even with great credit and a big down payment, the process can be cumbersome. In 2020, the process has become even more difficult. Lenders have tightened standards in response to the economic uncertainty during the coronavirus pandemic. Borrowers, hoping to buy a home while interest rates are. Elizabeth Renter is a writer at NerdWallet.

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Lender 114

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

OCTOBER 28, 2020

The Office of the Comptroller of the Currency has issued a final rule that will close a gap in the process of banks selling loans to third parties, such as debt buyers, which could help facilitate more portfolio sales. The rule will go into effect 60 days after it is published in the Federal Register. … The post OCC Issues ‘True Lender’ Final Rule To Help Facilitate Loan Sales appeared first on AccountsRecovery.net.

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Lender Loans Banks 221

Account Recovery

OCTOBER 28, 2020

In a ruling that was spotlighted by Barron & Newburger, a District Court judge in Pennsylvania has granted a plaintiff’s motion to dismiss his own lawsuit and denied a defendant’s motion for attorneys’ fees and costs in a Fair Debt Collection Practices Act case. A copy of the ruling in the case of Tsouli-Moufid v. … The post Judge Denies Motion for Attorneys’ Fees in FDCPA Case appeared first on AccountsRecovery.net.

Fair Debt Collection 214

Fair Debt Collection Collections 214

Nerd Wallet

OCTOBER 28, 2020

If you’ve served in the military, a mortgage backed by the U.S. Department of Veterans Affairs may be your ticket to home ownership. VA loans don’t require a minimum down payment or mortgage insurance, and they often have lower interest rates than other mortgages. “Using that VA loan is an opportunity to buy a chunk. Barbara Marquand is a writer at NerdWallet.

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Loans 96

Account Recovery

OCTOBER 28, 2020

The state of Colorado has extended its limitations on “extraordinary collection actions” until Feb. 1, 2021, determining that while economic conditions in the state are improving, they remain similar to the conditions when the law was first put into place, while also needing to preserve and prioritize the resources of state and local resources.

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Collections 147

Credit Corp

OCTOBER 28, 2020

According to a YouGov Parent Survey in 2019, a quarter of parents entered the 2019 holiday shopping seasonstill paying down debt related to 2018 holiday spending. Deloitte numbers put holidayretail salesgrowth in 2019 at 4.1% year-over-year. In 2020, Deloitte predicts growth of between 1% and 1.5% year-over-year for the holiday season. It might be that some people no longer want to pay for holiday gifts, decorations and food a year down the road.

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Collections

Nerd Wallet

OCTOBER 28, 2020

Maui is the second-largest Hawaiian Island and a dream destination for travelers around the world. Two main tourist areas, Kaanapali and Wailea, are home to most of the hotels on the island, along with lots of vacation rental properties. If you’re planning a trip to Maui and are trying to choose where to stay, here’s. Josh Garber is a writer at NerdWallet.

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Debt

OCTOBER 28, 2020

If you are paying on a federal student loan, you probably already know that the government CARES Act has provided benefits that suspends payment and interest requirements through December 31. That has been a godsend to those who lost their jobs in the wake of the COVID-19 pandemic. That relief, however, isn’t the only advantage… The post Paying Down Student Loans Before the COVID Suspension Is Lifted appeared first on Debt.org.

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Student loans Student Loans Loans Government 52

Nerd Wallet

OCTOBER 28, 2020

Basic economy tickets get a bad rap. These cheaper fares, which carry more restrictions and fewer built-in features than regular economy tickets, can seem like a “gotcha” game. And while these fares do add a layer of complication and confusion to booking air travel, there are times when they are the smart choice — even. Sam Kemmis is a writer at NerdWallet.

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Consumer Finance

OCTOBER 28, 2020

Director Kathy Kraninger's remarks on the role of economic analysis and evidence-based policymaking at the Bureau, the role of research to measure the effectiveness of rulemakings, and the role of research in supervisory and enforcement work.

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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

Nerd Wallet

OCTOBER 28, 2020

Can an online travel agency offer a more rewarding way to book than hotel loyalty programs? Orbitz.com competes for your business by offering perks for loyal users plus a lot more hotels to choose from. For the occasional traveler, especially, Orbitz can be a good choice, while frequent travelers may be better off earning perks. Rand Shoaf is a writer at NerdWallet.

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PBWT

OCTOBER 28, 2020

In December of last year, we wrote about the Fifth Circuit’s two decisions – Ultra I , from January 2019, and Ultra II , from December, which replaced Ultra I – regarding make-whole claims in the Ultra Petroleum bankruptcy cases. That blog post provides important background for this one. You can find it here. The key holding that survived in Ultra II is that Code-based (as opposed to plan-based) disallowance or reduction of a claim does not constitute impairment for purposes of

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Debtor Bankruptcy Unsecured Creditor Creditors 52

Nerd Wallet

OCTOBER 28, 2020

For a limited time, two JetBlue credit cards are boosting their possible sign-up bonuses to dizzying heights, if you apply in an eligible way and are willing to spend more. According to Barclays, the issuer of JetBlue’s cards, an offer to earn 100,000 bonus JetBlue TrueBlue points will be available for the following cards if. Erin Hurd is a writer at NerdWallet.

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Fico Collections

OCTOBER 28, 2020

Nine months into the pandemic, a “new normal” remains elusive. Consumer sentiment and credit scores are up. But in Europe new lockdowns are in force , US reopenings fluctuate on a daily basis, and masses of new and existing customers are embracing a digital lifestyle as never before. When uncertainty abounds, how can banks and merchants use artificial intelligence to successfully reopen, understand customer changes in the pandemic and engage with customers to meet their changing needs?

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Construction Credit Bureau Banks 52

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Collections

Fraser

OCTOBER 28, 2020

The IRS has just released its 2021 annual inflation adjustments, in which it announced that the Code section 125 dollar limitation on voluntary employee salary reductions to health flexible spending arrangements (health FSAs) is staying at $2,750. The IRS annual inflation adjustments for more than 60 tax provisions, including health FSAs, can be found in Rev.

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Lawyers 52

Troutman Sanders

OCTOBER 28, 2020

In Vogel v. McCarthy, Burgess & Wolff , the United States District Court for the Northern District of Illinois (the “Court”) granted summary judgment to a debt collector on a debtor’s claim that failure to itemize debt in a collection letter was a violation of the Fair Debt Collection Practices Act (“FDCPA”). Plaintiff Erin Vogel signed a rental agreement for a rental car for two days for a total estimated cost of $592.22.

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Debt collector Fair Debt Collection Judgment Collections 52

Consumer Finance

OCTOBER 28, 2020

Five federal financial regulatory agencies today invited comment on a proposal outlining and confirming the agencies’ use of supervisory guidance for regulated institutions.

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Nerd Wallet

OCTOBER 28, 2020

Electric cars now drive farther, charge faster and come in nearly every price range. But when GMC began promoting its Hummer EV pickup truck to be released this year, it became even clearer that electric cars are primed to go mainstream. Once the domain of environmentalists, then early adopters, EVs may soon have even truck. Philip Reed is a writer at NerdWallet.

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Loans 50

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.

Fraser

OCTOBER 28, 2020

On October 20, 2020, Michigan Senate Bill 886 was signed into law by Governor Gretchen Whitmer. The bill extends the expansion of unemployment benefits for Michigan workers from 20 weeks to 26 weeks. Extended Benefits are now available for claims established on or before December 31, 2020, on which date the extended benefits provision expires. The Michigan legislature passed the bipartisan legislation, which is now Public Act No. 229 , following the Michigan Supreme Court’s ruling on October 2,

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Nerd Wallet

OCTOBER 28, 2020

As you drive down a smooth highway or past that new, state-of-the-art stadium, you might wonder how your city paid for it. It’s very likely a municipal bond made it happen. Municipal bonds, also known as munis, are debt securities issued by state and local governments to bankroll necessary infrastructure. They’re often used to build. Tiffany Lam-Balfour is a writer at NerdWallet.

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Government 47

Fico Collections

OCTOBER 28, 2020

Nine months into the pandemic, a “new normal” remains elusive. Consumer sentiment and credit scores are up. But in Europe new lockdowns are in force , US reopenings fluctuate on a daily basis, and masses of new and existing customers are embracing a digital lifestyle as never before. When uncertainty abounds, how can banks and merchants use artificial intelligence to successfully reopen, understand customer changes in the pandemic and engage with customers to meet their changing needs?

Construction 40

Construction Credit Bureau Banks 40

Troutman Sanders

OCTOBER 28, 2020

The Eastern District of Texas recently denied a motion to dismiss for alleged violations of the Fair Debt Collection Practices Act (“FDCPA”), holding that a garnishment action initiated eight years after the plaintiff had obtained a default judgment was not subject to the FDCPA’s one-year statute of limitations provision because the default judgment was obtained in the wrong venue.

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Garnishment Judgment Debt collector Fair Debt Collection 40

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