Wed.Oct 26, 2022

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23 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 23 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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What Happens to My Personal Loan After Bankruptcy?

Sawin & Shea

When filing for bankruptcy, you can discharge certain types of personal loans, meaning that you’re no longer legally responsible for paying off the debt. A variety of factors determine whether or not you’ll be able to discharge all of certain personal loans, including whether the loan is secured or unsecured and whether you file via Chapter 7 or Chapter 13 bankruptcy.

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Chopra Sidesteps Appeals Court Ruling in Speech, Announces Plan for Open Banking Rule

Account Recovery

In his first public comments following last week’s ruling from the Fifth Circuit Court of Appeals, Rohit Chopra, the director of the Consumer Financial Protection Bureau, not only chose not to mention the ruling in any way, shape, or form, but announced that the Bureau is planning to move forward this week with a rule … The post Chopra Sidesteps Appeals Court Ruling in Speech, Announces Plan for Open Banking Rule appeared first on AccountsRecovery.net.

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Victim of Credit Card Fraud? 6 Actions to Take Now

Nerd Wallet

In this digital age, identity theft is a growing problem. In 2021, the Federal Trade Commission received almost 400,000 reports for credit card fraud, a type of identity theft that is divided into two distinct categories: new accounts and existing accounts. The first type, also known as application fraud, is when someone steals your credentials. Jae Bratton writes for NerdWallet.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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State Appeals Court Overturns Denial of Motion to Vacate Default Judgment Because Individual was Never Served

Account Recovery

An Appeals Court in Washington state has reversed a lower court’s ruling denying a motion to vacate a default judgment 14 years after it was entered, because the individual was never properly served with a summons and complaint, even though the individual appeared in court at a hearing in the case after the judgment was … The post State Appeals Court Overturns Denial of Motion to Vacate Default Judgment Because Individual was Never Served appeared first on AccountsRecovery.net.

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Daily Digest – October 26. Petition Filed for SCOTUS To Hear Arguments in TCPA Case Dealing with Incentive Awards; Chopra Makes First Remarks Since Appeals Court Ruling

Account Recovery

PETITION FILED FOR SCOTUS TO HEAR ARGUMENTS IN TCPA CASE DEALING WITH INCENTIVE AWARDS A petition has been submitted to the Supreme Court to hear arguments in a Telephone Consumer Protection Act case that determined incentive awards for named plaintiffs are unlawful.More details here. STATE APPEALS COURT OVERTURNS DENIAL OF MOTION TO VACATE DEFAULT JUDGMENT … The post Daily Digest – October 26.

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Stocks and Bonds Are Both Falling. Here’s Why.

Nerd Wallet

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. If you thought stocks and bonds usually move independently, you’re not wrong. It’s one of the reasons they complement.

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Petition Filed for SCOTUS to Hear Arguments in TCPA Case Dealing With Incentive Awards

Account Recovery

A petition has been submitted to the Supreme Court to hear arguments in a Telephone Consumer Protection Act case that determined incentive awards for named plaintiffs are unlawful. A copy of the petition in the matter of Johnson v. Dickenson can be accessed by clicking here. More than two years ago, the Court of Appeals … The post Petition Filed for SCOTUS to Hear Arguments in TCPA Case Dealing With Incentive Awards appeared first on AccountsRecovery.net.

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Travelers Are Skipping Challenging Drives With RV Delivery

Nerd Wallet

San Diego-based mom of two Audrey Patterson frequently vacations in an RV with her family. But she’s actually only driven an RV once — a brief stretch near Burbank, California — en route to Yosemite National Park for their 2021 summer vacation. The area northwest of downtown Los Angeles is a tangled web of freeways, Sally French writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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UK Suppliers refusing orders due to late payments

UK debt collections

The majority of UK firms have experienced suppliers refusing to do business with them because of late payments, according to a survey. The survey by Ivalua found six in 10 (59%) UK businesses said suppliers had terminated their relationships with them due to repeated late payments , and 62% said paying suppliers late had significantly damaged relationships.

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Q&A: The New Student Loan Income-Driven Repayment Waiver

Nerd Wallet

The Department of Education is reconsidering what counts toward income-driven repayment forgiveness. Starting in November 2022, borrowers who have been paying their federal student loans for 20 years or longer can expect to see the remainder of their debt discharged, while millions more will move significantly closer to forgiveness. Income-driven plans offer reduced payments over 20.

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NY Department of Financial Services Reaches Settlement With Bank Over Alleged Fair Lending Violations Involving Auto Dealer Markups

Troutman Sanders

On October 6, the New York State Department of Financial Services (NYDFS) announced a consent order with Rhinebeck Bank (Rhinebeck) to resolve allegations that, in violation of New York Executive Law Section 296-a, the bank instituted discretionary dealer markup policies that resulted in a disparate impact that negatively affected members of minority groups.

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How the Honey Chrome Extension Works to Save You Money

Nerd Wallet

Imagine no more searching for discount codes, coupons or email-delivered promotions. Savings are automatically delivered to your cart when you shop online. That’s the promise of the Honey Chrome extension. But does it live up to the hype? What is the Honey Chrome extension? Honey is an app owned by PayPal that’s built into the. Hal M. Bundrick, CFP® writes for NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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The Importance of Force Majeure Provisions in Construction Contracts

Jimerson Firm

Until recently, force majeure provisions may have been viewed as perhaps unimportant “lawyer language” buried in contracts with no real expectation that the clause would come into play. Of course, the last couple of years have caused a big change in that perspective as the construction industry has gone through the COVID-19 pandemic and related governmental lockdowns, supply chain disruptions, and skyrocketing material escalation costs.

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Is Inflation Affecting Travel Points and Miles?

Nerd Wallet

After years of unusually low prices on airfare and vacation rentals during the pandemic, travel prices have taken off in 2022. And while travel price inflation has cooled with slowing demand and falling fuel prices this fall, it continues to affect travelers’ plans and budgets. So with travel prices still well above their pre-pandemic levels, Sam Kemmis writes for NerdWallet.

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America’s AI Bill of Rights is the Right Idea – and It’s About Time

Fico Collections

Home. Blog. FICO. America’s AI Bill of Rights is the Right Idea – and It’s About Time. The AI Bill of Rights is the first step toward similar regulation of AI and machine learning algorithms. FICO Admin. Thu, 08/22/2019 - 12:37. by Scott Zoldi. expand_less Back To Top. Wed, 10/26/2022 - 15:00. It’s been a couple of weeks since the White House released its Blueprint for an AI Bill of Rights , a 73-page handbook that was promptly, and probably predictably, pilloried with headlines like, “ Biden’s

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CFPB Kicks Off Personal Financial Data Rights Rulemaking

Consumer Finance

Proposals under consideration would fuel market competition and strengthen consumer data rights.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.

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HTH Travel Insurance Review

Nerd Wallet

Travel insurance aims to protect you when things go awry, and it can cover a variety of issues that might happen when you’re taking a trip, including canceled flights, medical emergencies and baggage delays. HTH Travel Insurance sells multiple types of travel insurance policies. Some examples are coverage for pre-existing conditions, single-trip plans, annual plans.

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Statement of CFPB Director Rohit Chopra, Member, FDIC Board of Directors, at the FDIC Advisory Committee on Economic Inclusion Meeting

Consumer Finance

CFPB Director Chopra’s remarks at a meeting of the FDIC Advisory Committee on Economic Inclusion to discuss the 2021 FDIC National Survey of Unbanked and Underbanked Households.

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US at Risk of Debt Ceiling Standoff

NACM

The U.S. is in danger of reaching its $31.4 trillion debt limit sometime in 2023 if Republicans and Democrats can't agree to raise the limit. It was last raised in 2021.House Republicans are expected to use the vote to try and get the Biden administration to curb spending in exchange for support of a debt ceiling increase, per The Hill. "While the.

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