Account Recovery

OCTOBER 20, 2021

Debt collection, student loan debt relief, payday loans, and government impersonators are just a few of the categories highlighted in a Federal Trade Commission report that analyzes the regulator’s effort at addressing fraud and consumer issues that are affecting communities of color, which was released earlier this week. In the area of debt collection, the … The post FTC Report Analyzes How Fraud and Scams Affect Communities of Color appeared first on AccountsRecovery.net.

Student loans 246

Student loans Student Loans Trade Government 246

American Profit Recovery

OCTOBER 20, 2021

By Sabrine: I am approaching my fourth year here at American Profit Recovery. The time here flew by, and I am in awe that I have been here for as long as I have. Loyalty as well as being tenured at jobs growing up has been the norm for me prior to graduating college. As I get ready to complete my fourth year here and knowing that this is the career path for me, I can excitedly say that I look forward to celebrating my anniversary every year it arrives.

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Account Recovery

OCTOBER 20, 2021

The First Financial Asset Management (FFAM360) family of companies, a world-class organization providing revenue-centric solutions to specifically address all phases of the credit and revenue lifecycle, is continuing its annual breast cancer fundraising campaign throughout October. October is National Breast Cancer Awareness Month and a prime time of year for raising funds for breast cancer … The post FFAM360 Continues Annual Support of Breast Cancer Research appeared first on AccountsReco

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Nerd Wallet

OCTOBER 20, 2021

Cryptocurrency, once an obscure corner of the financial world, is going mainstream. It made its debut on the New York Stock Exchange on Oct. 19 in a ProShares exchange-traded fund tied to bitcoin futures. Artists are making millions selling “tokenized” digital works. And crypto exchanges are advertising on prime-time TV alongside banks and insurers.

Trade 113

Trade Banks 113

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 20, 2021

BEDARD BREAKS DOWN MODEL NOTICE’S OPTIONAL DISCLOSURES In the latest episode of “You Wanted a Rule, You Got a Rule,” John Bedard of Bedard Law Group discusses some of the optional disclosures collectors may choose to include in the validation notices they send to individuals. SDNY JUDGE GRANTS MTD IN FDCPA CASE OVER SETTLEMENT LANGUAGE … The post Daily Digest – October 20.

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Account Recovery

OCTOBER 20, 2021

The Great Lakes Credit and Collection Association (GLCCA) is proud and excited to host its annual conference October 27-29 in Minneapolis at the Radisson Blu Mall of America. The hotel and the association are taking all of the necessary precautions as outlined by the CDC to ensure that individuals who choose to attend the event … The post GLCCA Proud to Host In-Person Conference in Minneapolis appeared first on AccountsRecovery.net.

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Collections 246

FFGN COLLECT NY

OCTOBER 20, 2021

When considering what funds are exempt from judgment enforcement and the reach of judgment creditors, New York and the federal government draw a line between enforcing judgments against consumers and enforcing judgments against commercial entities. COVID-19 stimulus payments were the latest addition to the list of assets exempt from execution by judgment creditors in New York.

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Judgment Enforcement Judgment Debtor Creditors 98

Account Recovery

OCTOBER 20, 2021

Less than a week after having a new Director sworn in, the Consumer Financial Protection Bureau announced its first enforcement action of the Rohit Chopra era, assessing $6 million in fines and penalties against a company that offers financial services products to individuals incarcerated and recently released from prisons and jails nationwide. JPay will pay … The post CFPB Issues First Enforcement Action Under Chopra appeared first on AccountsRecovery.net.

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Financial services 242

Nerd Wallet

OCTOBER 20, 2021

You come home to find your dog vomiting and listless. After rushing her to the vet, you learn that she swallowed one of your socks and needs emergency surgery — to the tune of several thousand dollars. Can you afford to pay that bill? If not, pet insurance might be worth considering. Pet insurance helps. Sarah Schlichter writes for NerdWallet. Email: sschlichter@nerdwallet.com.

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Collections

Account Recovery

OCTOBER 20, 2021

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act when it sent four letters to an individual that each offered to settle a debt for 50% of the balance owed, while noting that the defendant was not … The post SDNY Judge Grants MTD in FDCPA Case Over Settlement Language in Letter appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections Acquisition 240

Nerd Wallet

OCTOBER 20, 2021

When Maryland-based, NerdWallet editor Erin Hurd rescheduled a 2020 family trip to visit the Christmas markets in Europe to December 2021, she thought the trip would go according to plan. By then, she figured, her family would be vaccinated against COVID-19. But as 2021 rolled on, her children remained too young to be vaccinated, and. Elina Geller writes for NerdWallet.

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Account Recovery

OCTOBER 20, 2021

When it issued Regulation F, the Consumer Financial Protection Bureau did not just issue a set of rules that debt collectors absolutely needed to follow. While much of what is included in Regulation F sets forth requirements that are mandatory, the CFPB also gave collectors some latitude to put their own mark on how to … The post Bedard Breaks Down Model Notice’s Optional Disclosures appeared first on AccountsRecovery.net.

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Debt collector 239

Nerd Wallet

OCTOBER 20, 2021

So you’re looking to get back into traveling — but things have changed since the last time you hopped on a plane. From new testing requirements to quarantine concerns, the experience of travel is different from what it once was. It can be overwhelming, but it doesn’t have to be. Let’s take a look at. Carissa Rawson writes for NerdWallet. Email: wpguestuser+carissarawson@nerdwallet.com.

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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

Micro Bilt

OCTOBER 20, 2021

We all love the convenience of making purchases, opening accounts, and applying for jobs from our computers or smartphones. But at the same time, it makes identity verification that much more important for business owners. Whether you're a financial institution, a private lender, you can't be too careful when it comes to verifying the identity of your customers.

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Financial Institution Lender 63

Nerd Wallet

OCTOBER 20, 2021

Starting a business takes research, smarts and self-confidence — and a measure of fearlessness. You’ll ask yourself: Do I have enough money? The right equipment? Am I getting the best advice? Below we’ve rounded up the essential steps on how to start a business, including creating a solid business plan, securing financing, structuring your company. Tina Orem writes for NerdWallet.

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Sawin & Shea

OCTOBER 20, 2021

Filing for bankruptcy a first time is challenging enough, let alone trying to file a second time. However, for some, debts are often so unmanageable and add up over time that two consecutive bankruptcy filings might be necessary. It’s important to note, however, that using multiple bankruptcies to evade creditors without the intent to follow through to discharge (serial filing) is highly frowned upon and can result in the court lifting the protections that bankruptcy affords.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Nerd Wallet

OCTOBER 20, 2021

Whether couples share finances or keep them separate, some credit cards are ideal for twosomes — those who like to travel together, just stay home or anything in between. Most popular credit cards don’t offer joint accounts anymore. (More on that later.) But couples can strategically use a two-player strategy with their cards by making. Gregory Karp writes for NerdWallet.

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Collections

CSA

OCTOBER 20, 2021

Fiona Macaskill, Director of Learning & Development, Credit Services Association. If one key message came out of the sessions run as part of the ?people & performance? stream at CSA?s UK Credit & Collections Conference (UKCCC) last month, it was that there is a very real concern about where the collections workforce of the future will come from.

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Collections Trade Government Banks 52

Nerd Wallet

OCTOBER 20, 2021

During the weekend of the wildly popular Coachella Valley Music and Arts Festival, the Hyatt Palm Springs is one of the hottest hotels you can possibly get your hands on. But during a random summer weekend — the hotel is, well, just hot. Winter is peak tourism season in the southern California desert, but unbearable. Sally French writes for NerdWallet.

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Burr Forman

OCTOBER 20, 2021

An article titled “Avoiding Fraudulent Transfer Claims from Loan Workouts” written by Partner Hanna Lahr and Associate James Roberts was published in the Risk and Compliance section of the ABA Banking Journal. Excerpt from the article: “There are two types of fraudulent transfers: actual fraudulent transfers, and constructive fraudulent transfers.

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Banks Construction Debtor Creditors 52

Nerd Wallet

OCTOBER 20, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Like the rest of the retail world, Best Buy is expanding Black Friday into a monthlong. NerdWallet writes for NerdWallet.

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Retail 71

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.

Sawin & Shea

OCTOBER 20, 2021

Filing for bankruptcy a first time is challenging enough, let alone trying to file a second time. However, for some, debts are often so unmanageable and add up over time that two consecutive bankruptcy filings might be necessary. It’s important to note, however, that using multiple bankruptcies to evade creditors without the intent to follow through to discharge (serial filing) is highly frowned upon and can result in the court lifting the protections that bankruptcy affords.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Chapter 13 bankruptcy Bankruptcy Unsecured Debt 52

Payment Savvy

OCTOBER 20, 2021

The fundamental foundation of any company is the exchange of goods or services in return for money from clients. Unpaid bills can have a detrimental influence on your business. Being too easy with commercial creditors might cause your firm to collapse in a matter of minutes. On the other side, being harsh may damage your relationship with excellent customers who need a little understanding.

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Collections Collection Agencies Collections Agency Fair Debt Collection 52

On Guard

OCTOBER 20, 2021

In recent years, the Visma | Onguard Fintech Barometer, an extensive annual survey of financial professionals, has grown into an indicator of the credit management landscape. After four years of conducting the survey, we have a wealth of data to reflect on. From this we can see interesting technology trends emerge. Digital transformation in the credit industry progress further, and steps are being made towards automation finally relieving teams of burdensome repetitive tasks.

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Government Credit Management Bankruptcy Collections 52

Consumer Finance

OCTOBER 20, 2021

Faster, friction-less, and cheaper payment systems offer significant potential benefits to consumers, workers, their families, and small businesses in the United States.

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Credit Unions