Account Recovery

NOVEMBER 1, 2022

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post FCRA Suit Alleges Impermissible Purpose, Failure to Investigate Disputed Debt appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 1, 2022

The holiday season is upon us, and Americans have plans to shop: Nearly 217 million Americans (84%) plan to buy gifts for friends and loved ones this holiday season, according to a new NerdWallet survey and analysis. These 2022 holiday shoppers plan to spend $823, on average, for a total of more than $178 billion. Erin El Issa writes for NerdWallet.

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Account Recovery

NOVEMBER 1, 2022

Coming out of the COVID-19 pandemic has forced the accounts receivable management industry to face new realities, especially when looking at all of the factors influencing the performance of a collection operation, from contact rates to staffing concerns to the impact that inflation and a possible recession might have on consumers, noted Shantanu Gangal, the … The post Prodigal’s Shantanu Gangal Talks About How Quiet Quitting and Inflation Have Changed the ARM Industry, Possibly Fore

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Nerd Wallet

NOVEMBER 1, 2022

The federal funds rate — often called the fed rate — is the interest rate that U.S. banks pay one another to borrow or loan money overnight. Since banks are legally required to keep a minimum amount of money in reserves, banks with excess reserves often loan money to banks that can’t meet those reserve. Cara Smith writes for NerdWallet. Email: cara.smith@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

NOVEMBER 1, 2022

FCRA SUIT ALLEGES IMPERMISSIBLE PURPOSE, FAILURE TO INVESTIGATE DISPUTED DEBT A defendant has removed a Fair Credit Reporting Act lawsuit to federal court in South Carolina, after it was sued for allegedly obtaining a plaintiff’s credit file without a permissible purpose and allegedly failing to conduct a reasonable investigation after a dispute was filed.More details … The post Daily Digest – November 1.

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Account Recovery

NOVEMBER 1, 2022

A District Court judge in Nevada has dismissed – with prejudice – a plaintiff’s class-action complaint that a defendant violated the Fair Debt Collection Practices Act by filing renewals for a judgment on an untimely basis, ruling that the defendant renewed the judgments within the window set forth by state law. A copy of the … The post Judge Grants MTD in FDCPA Class Action Over Judgment Renewals appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 1, 2022

There’s no denying that Airbnb has revolutionized the way we travel. According to the company, there are more than 6 million listings worldwide in over 100,000 cities — that’s no small feat. But while many people have chosen to move over to Airbnb, they’re often unprepared for the total costs of their stays, especially after. Carissa Rawson writes for NerdWallet.

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Account Recovery

NOVEMBER 1, 2022

The Court of Appeals for the Third Circuit has upheld a lower court’s ruling in favor of a company that was sued for firing a customer service representative who was hurt in a car accident and was one of the lowest-ranked employees in the office after it was accused of discriminating against the employee because … The post Appeals Court Upholds Firing of Poor-Performing Customer Service Rep appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 1, 2022

The American Express® Gold Card is best known for its dining, grocery and rideshare perks. However, this mid-tier rewards card also offers cardholders several travel perks that can make it an appealing option for booking flights and rental cars. Terms apply. Does the American Express® Gold Card have travel insurance? Yes — in fact, several. JT Genter writes for NerdWallet.

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Collections

Consumer Finance

NOVEMBER 1, 2022

CFPB Director Chopra’s remarks, as prepared for delivery, at a meeting of the Consumer Advisory Board.

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Nerd Wallet

NOVEMBER 1, 2022

This holiday shopping season points earned from the suite of Chase Freedom cards will be worth more towards certain redemptions. Chase offers four varieties of the Freedom card, and all are eligible for these limited-time offers: Chase Freedom Flex?, Chase Freedom Unlimited® or Chase Freedom® Student credit card and the legacy Chase Freedom®. Through Nov.

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Troutman Sanders

NOVEMBER 1, 2022

Please join Consumer Financial Services Partner Dave Gettings and his guests and colleagues Jessica Lohr and Virginia Flynn who discuss their recent service as jurors on criminal cases, while also providing valuable insight to litigators into what a case looks like from the jury box. Jessica defends consumer reporting agencies, national banking institutions, and mortgage loan servicers in federal and state courts at both the trial and appellate levels in complex litigation and business disputes,

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NACM

NOVEMBER 1, 2022

The U.S. economy grew significantly in the second half of this year, as Thursday's GDP report showed an increased annualized rate of 2.6% over the last quarter. But economic statistics still point to the possibility of recession due to a slowdown in consumer spending, according to CNN Business.Former Treasury Secretary Larry Summers said the talk o.

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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

Fico Collections

NOVEMBER 1, 2022

Home. Blog. FICO. Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. FICO Admin. Tue, 07/02/2019 - 02:45. by Fernando Lopez. expand_less Back To Top. Tue, 11/01/2022 - 10:40.

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AGA

NOVEMBER 1, 2022

From The Virtual Credit Manager. Effective collections is the single most important factor for achieving reliable cash inflows. Customer payments for products and services provide the lifeblood of most companies, funding new inventory as well as investments in both people and process. Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function.

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