Account Recovery

APRIL 5, 2022

The number of lawsuits alleging violations of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and Telephone Consumer Protection Act all took a nosedive in February, compared with a month earlier, according to data released last week by WebRecon. Of particular note, the number of TCPA lawsuits through the first two months of … The post Suit Totals Drop in February While Complaint Numbers Keep Rising: WebRecon appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Nerd Wallet

APRIL 5, 2022

Buyers are willing to pay ever-higher prices, and homes are snapped up soon after they’re listed — you might think a seller in that environment would just sit back and watch the offers roll in. However, that is not the case with U.S. homeowners. Most homeowners who plan to sell their current home in the. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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Account Recovery

APRIL 5, 2022

JUDGE RULES SUBROGATION CLAIM NOT ‘DEBT’ UNDER FDCPA In a case that was defended by the team at Kaufman Dolowich & Voluck, a District Court judge in Pennsylvania has granted a motion for judgment on the pleadings filed by defendants in a Fair Debt Collection Practices Act case, ruling that insurance subrogation claims do not … The post Daily Digest – April 5.

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Subrogation Insurance Subrogation Judgment Fair Debt Collection 246

Nerd Wallet

APRIL 5, 2022

The PayPal Cashback Mastercard®, issued by Synchrony, has been a member of a growing group of credit cards earning 2% cash back on all purchases. Beginning April 5, 2022, cardholders will earn 3% cash back when they use PayPal at checkout, while still earning 2% back on purchases made wherever Mastercard is accepted. There is. Sara Rathner writes for 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

APRIL 5, 2022

In a case that was defended by the team at Kaufman Dolowich & Voluck, a District Court judge in Pennsylvania has granted a motion for judgment on the pleadings filed by defendants in a Fair Debt Collection Practices Act case, ruling that insurance subrogation claims do not meet the definition of “debt” under the statute. … The post Judge Rules Subrogation Claim Not ‘Debt’ Under FDCPA appeared first on AccountsRecovery.net.

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Subrogation Insurance Subrogation Fair Debt Collection Judgment 246

Account Recovery

APRIL 5, 2022

PDCflow and Debtmaster360 have partnered to provide secure digital payment communication options to accounts receivable management companies. Now, users can send secure email and text payment requests and esignature with consumers in minutes – all within the Debtmaster360 platform. “We are very excited to partner with PDCflow in offering Debtmaster360 customers a new, efficient, and modern … The post PDCflow Partners with Debtmaster360 to Offer Fast, Secure, Digital Payment Workflows appea

Accounts Receivables Management 244

Accounts Receivables Management 244

Nerd Wallet

APRIL 5, 2022

Bullish vs. bearish: What’s the difference? Bullish and bearish can describe people and behavior in relation to the stock market. A bullish person acts with a belief that prices will rise, whereas bearish investors act with the belief prices will fall. The terms bullish and bearish are often used to describe patterns and trends in. Alieza Durana writes for NerdWallet.

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Account Recovery

APRIL 5, 2022

A trio of credit unions from Western New York yesterday filed a class-action complaint seeking an expedited hearing in an attempt to block a new law from going into effect that lowers the maximum rate of post-judgment interest that can be charged in the state to 2%, from 9% currently. A copy of the complaint … The post Credit Unions File Suit to Block New Judgment Interest Rate From Taking Effect in N.Y. appeared first on AccountsRecovery.net.

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Credit Unions Credit Unions Judgment 237

Nerd Wallet

APRIL 5, 2022

If you want to fly in style, first class is the way to go. And if you want to pay with miles instead of cash, Alaska Airlines first class offers a comfortable experience you can book using Alaska Mileage Plan miles. Here are the ins and outs of flying in first class on Alaska, from. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.

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Collections

Account Recovery

APRIL 5, 2022

The Court of Appeals for the Third Circuit has affirmed the dismissal of a Fair Debt Collection Practices Act case against a student loan servicer for continuing to attempt to collect a student loan debt after it had been discharged in bankruptcy because the plaintiff failed to follow the proper procedure. A copy of the … The post Appeals Court Upholds Dismissal of FDCPA Case Over Collection of Post-BK Student Loan appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Fair Debt Collection 130

Debt RR

APRIL 5, 2022

To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable sum, and if you are in such a situation, you are liable to pay off all the debts.

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Nerd Wallet

APRIL 5, 2022

When investors purchase a bond, they are effectively lending money to the issuer for a fixed length of time in exchange for annual interest payments at a rate determined at the beginning of the term. But over the course of three years, 10 years or especially longer, the interest rate environment and other factors can. Connor Emmert writes for NerdWallet.

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Troutman Sanders

APRIL 5, 2022

On March 24, Utah’s governor signed the Commercial Financing Registration and Disclosure Act (CFRDA) into law. Under the CFRDA, beginning January 1, 2023, commercial financing providers must register with the Utah Department of Financial Institutions (Department) and provide certain disclosures. Utah’s registration requirement is the first applicable to providers of accounts receivable purchase transactions (commonly known as merchant cash advances, or MCAs), as Virginia’s governor has not yet s

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Manufacturing Financial Institution Loans Banks 59

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

APRIL 5, 2022

To encourage direct bookings, many hotel companies guarantee that you will find the lowest rates on their individual websites. When travelers book hotel stays via a third party — such as Expedia — hotel companies often have to pay a commission. To cut back on paying these fees and pad their profits, hotels are incentivized. Ramsey Qubein writes for NerdWallet.

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NCBA Law Practice Management Blog

APRIL 5, 2022

The notion of a ‘factory practice’ gets a bad name among lawyers, who retain a burning desire to exist as white tower intellectuals. Conversations about revenue and efficiency only get in the way of a good conversation about Supreme Court cases from the late 1880s. Ah, the Gilded Age, indeed. But, really, it’s the law firms that can accommodate the most work, that make the most money.

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Law Firms Lawyers Creditors 52

Collections Law

APRIL 5, 2022

Many businesses struggle with getting paid for their product or their work from individuals and other businesses. Perhaps your own business is trying to struggle through collecting overdue payments and you are wondering if there is something more you can do. You have more important aspects of your business to run, but you may not know at what point it becomes worthwhile to bring in a collection professional.

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Collections Credit Unions Credit Unions Judgment 52

JMA

APRIL 5, 2022

In all businesses, maintaining a steady stream of revenue is critical. Salaries must be paid, lights must be kept on, and tea and coffee need to be in the break room. When it comes to reporting to your supervisors, a positive number that puts your department in the black is always preferable. Thus, keeping your. Read more » The post What to Expect When You Hire a Debt Collection Agency appeared first on JMA Credit Control.

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Collection Agencies Collections Agency Collections 52

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Collections

Credit Management Company

APRIL 5, 2022

Running a business involves ensuring you receive the revenue you need. The problem is, you can’t always trust your customers to pay you the money they owe. As a business owner, you have a business schedule. Chances are, your employees have equally busy schedules as they try to perform their jobs. So, how can you get the money your customers owe? One way is to hire collection agencies.

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Collection Agencies Collections Agency Collections Collection Agent 52

TCPA

APRIL 5, 2022

In an ever-growing string of losses, the Seventh Circuit affirmed the Northern District of Indiana in denying class certification to serial TCPA plaintiff Gorss Motels, Inc. in Gorss Motels, Inc. v. Brigadoon Fitness, Inc., — F.

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Fico Collections

APRIL 5, 2022

Defending a third of all credit cards in Brazil. Itaú Unibanco, the largest private sector financial institution in Latin America, has migrated its fraud management and customer communication to the cloud, helping it to avoid over USD$20M a month in fraud losses. FICO's cloud fraud solutions have delivered a 15 percent cost reduction per customer account and a 20 percent improvement in fraud detection for online transactions.

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Financial Institution Banks Collections 52

Consumer Finance

APRIL 5, 2022

Director Chopra remarks at the April 6, 2022 CAB meeting.

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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.

Fraser

APRIL 5, 2022

On April 1, 2022, the Michigan Attorney General reissued a consumer warning that targets Verizon phone users. The scam often works since the text message looks like it is coming from Verizon, the user’s own phone number, or another trusted number. The scam texts from Verizon thank the user for paying their bill and offers something free by clicking on a link.

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CICM

APRIL 5, 2022

In our latest guest blog, the Menzies LLP Creditor Services team look at what you should be doing when dealing with a company that has had previous insolvencies. Picture the scene. You have been dealing with a customer that has now ceased to trade and they owe you money. You are then approached by the same directors who have setup a new company and this new company wants to trade with you.

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Trade Creditors Credit Management 40

Better Credit Blog

APRIL 5, 2022

A collection account will lower your credit score and can generally stay on your credit report for up to seven years. Often, a collection entry will even keep you from getting a mortgage or securing an auto loan, which is why it’s important to do all you can to remove collections from your credit report quickly. To be clear, you can pay a collection and still have it shown on your credit report.

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Collections Collection Agencies Collections Agency Original Creditor 98