Account Recovery

FEBRUARY 15, 2021

The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a plaintiff who sued a collector for violating the Fair Debt Collection Practices Act because she received a collection letter and phone calls seeking to collect on a debt that was the result of a pending worker’s compensation … The post Appeals Court Upholds MSJ For Plaintiff in FDCPA Case appeared first on AccountsRecovery.net.

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Jimerson Firm

FEBRUARY 15, 2021

In Florida, mortgage foreclosure lawsuits are filed in the county where the property is located. Although Florida foreclosures are governed by Chapter 702 of the Florida Statutes , foreclosing lenders must also check the local rules of the court where the lawsuit is filed to make sure that they comply with any additional requirements. What is the Filing Fee?

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Account Recovery

FEBRUARY 15, 2021

Are hospitals costing themselves a lot of money that may have otherwise been recovered in collection lawsuits because of a new requirement which mandates they publish the prices they charge for treatments and procedures on their website? One patient advocate thinks they are, and is saying so in a recently published media report. The Price … The post Price Transparency Rule ‘Could Change Face’ of Medical Debt Collections: Advocate appeared first on AccountsRecovery.net.

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Collections Healthcare 246

Nerd Wallet

FEBRUARY 15, 2021

The Amex EveryDay® Credit Card is a great option for those who want to maximize benefits with a card they use fairly regularly or — as the name suggests — every day. While the card itself has many perks, it sets itself apart in some unique ways. Learn how to get the most out of your. Rachel Morgan Cautero writes for NerdWallet. Email: travel@nerdwallet.com.

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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

FEBRUARY 15, 2021

The Attorney General of Colorado has announced it will be holding a virtual rulemaking meeting on March 23 to discuss amending the state’s Fair Debt Collection Practices Act by making a number of changes to how debt collectors in the state must operate. Anyone interested in requesting a cost-benefit analysis from the state’s Department of … The post Colorado Schedules Meeting to Discuss Changes to State’s FDCPA appeared first on AccountsRecovery.net.

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Account Recovery

FEBRUARY 15, 2021

APPEALS COURT UPHOLDS MSJ FOR PLAINTIFF IN FDCPA CASE The Court of Appeals for the Eleventh Circuit has upheld a summary judgment ruling in favor of a plaintiff who sued a collector for violating the Fair Debt Collection Practices Act because she received a collection letter and phone calls seeking to collect on a debt … The post Daily Digest – February 15.

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Fair Debt Collection Judgment Collections 246

Nerd Wallet

FEBRUARY 15, 2021

Silvercar by Audi rents Audi sedans and SUVs only, offering a luxury car rental experience at an affordable price. Rentals include premium features that competitors usually charge for, including Sirius XM Radio and in-car Wi-Fi. Here’s what you need to know about car rentals with Silvercar by Audi for your next vacation. Premium Rewards: The Silvercar.

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Account Recovery

FEBRUARY 15, 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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Better Credit Blog

FEBRUARY 15, 2021

Are collections accounts weighing heavily on your credit report? While missing a payment on one of your accounts might seem like a minor offense, it can have major consequences on your credit. If you’ve fallen behind on any of your accounts, you could find Fairway Collections on your credit report. As long as the collections entry stays on your report, it’s hurting your score.

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Collections

Nerd Wallet

FEBRUARY 15, 2021

Radisson Rewards points can take you to some amazing hotels around the world, but there are other ways to use your points. Radisson Rewards members rack up points quickly thanks to the program’s generous points payouts for hotel stays, not to mention how easy it is to earn points using a Radisson co-branded credit card. Ramsey Qubein writes for NerdWallet.

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Fico Collections

FEBRUARY 15, 2021

All Digital Transactions Monitored For High-risk Behaviour. Eurobank , one of the four Greek systemic banks, now performs real-time AML (anti-money laundering) and KYC (Know Your Customer) checks, with automation across digital and remote channels resulting in substantial efficiency improvements. . Eurobank has managed to meet the new regulatory requirements for European directives AML4D & 5D, to check for money laundering across real-time processes, such as digital onboarding without a signific

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Banks 52

Nerd Wallet

FEBRUARY 15, 2021

Flying Blue is a joint loyalty program of two European airlines: Air France (headquartered at Charles de Gaulle Airport in France) and KLM (headquartered in Amsterdam Airport Schiphol in the Netherlands). In 2004, the two airlines merged and created a combined Air France-KLM Group. Both of the airlines are part of the SkyTeam alliance, which. Anya Kartashova writes for NerdWallet.

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NCBA Law Practice Management Blog

FEBRUARY 15, 2021

Lawyers are great at bragging on themselves via their websites. And, a significant number of attorneys supplement that with ‘superlatives’. You know, those lawyer a wards, like ‘Super Lawyers’ , that you can apply for and/or purchase. Those specific awards, and the general superlatives of your own resume , go a long way to convince leads to become your clients -- but, those don’t get you the whole way the re.

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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

TCPA

FEBRUARY 15, 2021

A federal magistrate judge in the Eastern District of Texas recently addressed a question of first impression for the jurisdiction: Can professional plaintiffs who manufacture TCPA claims face counterclaims for fraud brought by the defendant in an abusive lawsuit?

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Manufacturing 52

Burr Forman

FEBRUARY 15, 2021

The start of a new year frequently includes new or updated statutes, and South Carolina is no exception. 2021 brings an update to South Carolina rollback tax laws, with potentially significant implications for real estate transactions where rollback taxes may come into play. What are rollback taxes? South Carolina Code Section 12-43-220 requires that any time a property changes from receiving the benefit of an agricultural use special assessment ratio property tax exemption to any other use, rol

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Lawyers 52

Better Credit Blog

FEBRUARY 15, 2021

If you’ve received calls or letters from FCO Collections or noticed the name on your credit report, you probably have questions. Collections agencies like FCO may show up on your report when you forget to pay a bill or fall behind on your payments. While you’re probably eager to stop their repetitive phone calls, don’t make a payment just yet. Before you get in touch with the agency, take a look at the guide below.

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Burr Forman

FEBRUARY 15, 2021

The US Department of Justice announced the first civil settlement involving allegations of fraud against a PPP borrower. SlideBelts Inc. received a PPP loan under the CARES Act. SlideBelts is an internet retail company and debtor in bankruptcy. SlideBelts and its president/CEO agreed to resolve the allegations in connection with the PPP loan by paying the government damages and penalties of $100,000.

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Collections

On Guard

FEBRUARY 15, 2021

It is 2021 and gender diversity in the workplace has come to the forefront over the last decade and rightly so. Research has shown that diversity in the workforce can lead to enhanced innovation and growth. Companies that have one or more women in board positions tend to have higher average ROI than those with only men in leadership positions ( Forbes ).

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Public Citizen

FEBRUARY 15, 2021

More consumers than ever report falling prey to romance scammers, according to new Federal Trade Commission data   that show consumers reported losing a record $304 million to the scams last year. A newly released data spotlight shows that the amount consumers reported losing to romance scammers is up about 50 percent since 2019, and has increased more than four-fold since 2016.

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Collection Industry News

FEBRUARY 15, 2021

The CFPB recently issued a special edition of its Supervisory Highlights that focuses on the agency’s observations about COVID-19 Prioritized Assessments (PAs) conducted last year, which it designed to obtain real-time information from supervised entities operating in markets that it deemed to pose elevated risks of pandemic-related consumer harm, including prioritization of markets where Congress provided particular consumer-assisting provisions in the CARES Act.

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Public Citizen

FEBRUARY 15, 2021

Last week was a busy one for the Federal Trade Commission. Among other things:   FTC Acts to Ban Payday Lender From Industry, Forgive Illegal Debt.   Four Defendants Settle with the FTC for Their Alleged Role in Credit Card Laundering Scheme.   FTC Sends More than $1.7 Million in Refunds to People who Lost Money to Student Loan Debt Relief Scam.   Publisher Will Pay More Than $2 Million to Settle FTC Charges That It Targeted Seniors with Phony Diabetes Cure and Money Maki

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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.

Collection Industry News

FEBRUARY 15, 2021

Consumer Financial Protection Bureau (CFPB) Acting Director David Uejio has put a special focus on the manner in which responses are made to the CFPB’s consumer complaint system. Signaling the importance of this issue by undertaking it even before President Joe Biden’s nominee for director, Rohit Chopra, is confirmed to the position, Uejio has called out in a publicly released message to CFPB staff the possibility that some responses to complainants are incomplete—and vary by the complainant’s

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Fico Collections

FEBRUARY 15, 2021

Within the past 20 years, we’ve witnessed a quantum leap in the evolution of business models - from being product-based to platform-based. With the rise of Open Banking, this trend is now hitting financial services. Are you ready to become a banking ecosystem? Retail typifies the move to platform, most notably by global online giant Amazon, which started out selling books, to becoming a platform championing other ecommerce outlets, while diversifying into movies, music, its own technology, fresh

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Collection Industry News

FEBRUARY 15, 2021

The CFPB recently announced three annual adjustments. First, the CFPB adjusted the asset-size exemption threshold for banks, savings associations, and credit unions under Regulation C, which implements HMDA. The exemption threshold increased from $47 million to $48 million, meaning that banks, savings associations, and credit unions with assets of $48 million or less as of December 31, 2020, will be exempt from collecting data in 2021.

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Collection Industry News

FEBRUARY 15, 2021

On January 26, 2021, the FTC sent its annual letter to the CFPB reporting on the FTC’s activities related to the Equal Credit Opportunity Act (“ECOA”) and Regulation B. The Bureau leverages the FTC’s annual letter for its own Annual Report to Congress on ECOA. The FTC has authority to enforce the ECOA and Regulation B with respect to nonbank financial service providers within its jurisdiction.

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Credit Unions