Enterprise Recovery
JULY 31, 2020
Businesses and organizations are pushing through the effects of the pandemic on the economy, their industry or their customer response. At the time of writing this, there is no such thing as "after COVID-19" however experts are learning more each day. While everyone is searching for the next normal, it's important to consider how the virus has affected your client relationships and customer service.
Account Recovery
JULY 31, 2020
A District Court judge in Indiana has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it did not catch a debt that was disputed via fax because the collection agency was entitled to the Bona Fide Error defense. A copy of the ruling … The post Judge Grants MSJ for Defendant in FDCPA Dispute Case Thanks to BFE Defense appeared first on AccountsRecovery.net.
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Nexa Collect
JULY 31, 2020
Credit card delinquency rates have been climbing since 2016. Average monthly balances have been trending up as well. And these figures are likely to worsen as the results of the pandemic mushroom out into the industry. The number of delinquent accounts will rise sharply, forcing companies into a defensive debt recovery position. If you find yourself in this position already, here are some tactics you can use to begin whittling these balances down.
Account Recovery
JULY 31, 2020
The Attorney General of Massachusetts has reached a settlement with a debt buyer that will see it forgive about $300,000 in unpaid student loans and pay the Commonwealth $70,000 to be used to provide refunds to individuals who were misled by an online education company. Troy Capital purchased a portfolio of loans from The College … The post Debt Buyer to Forgive $300k in Loans After Agreement with Mass.
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.
Arbeit Software
JULY 31, 2020
Is brand building important in the debt collection industry? Sean Williams , Principal at Williams, Rush & Associates thinks so, and shares his strategies for building a positive reputation.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
JULY 31, 2020
Traditionally, when you apply for a credit card, the card issuer conducts what’s known as a “hard pull” on your credit report to determine your creditworthiness. Such hard inquiries can ding your credit scores temporarily. But several credit card issuers offer a pre-qualification or preapproval process that lets you avoid that hit to your scores, at least.
Account Recovery
JULY 31, 2020
A bill has been introduced in the Senate that would prevent healthcare providers from taking “extraordinary” collection actions for up to 18 months after the bill becomes law as a means of protecting consumers during the coronavirus pandemic. The COVID-19 Medical Debt Collection Relief Act, S.4350, was introduced by Sen. Chris Van Hollen [D-Md.] and … The post Bill Introduced in Senate to Halt ‘Extraordinary’ Collection of Medical Debts During Pandemic appeared firs
Nerd Wallet
JULY 31, 2020
For some people, a pension is a route to retirement, but often it’s not the only way to get there. Here’s what pensions are, how they work and options if you don’t have access to a pension plan — or if the payouts will be too small to live off of in retirement. What is. Tina Orem is a writer at NerdWallet. Email: torem@nerdwallet.com. The article Pension Plans: Definition and How They Differ From 401(k)s originally appeared on NerdWallet.
Account Recovery
JULY 31, 2020
JUDGE GRANTS MSJ FOR DEFENDANT IN FDCPA DISPUTE CASE THANKS TO BFE DEFENSE A District Court judge in Indiana has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act because it did not catch a debt that was disputed via fax because the collection agency … The post Daily Digest – July 31.
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Jimerson Firm
JULY 31, 2020
Within the last six months an inspector from the Occupational Safety and Health Administration (“OSHA”) visited your premises and you just received a “Citation and Notification of Penalty” for violations allegedly identified during the OSHA inspection. Now what? OSHA citations can be confusing, frustrating, carry heavy penalties, and must be responded to within a rather short fifteen working days.
Nerd Wallet
JULY 31, 2020
Founded by a retired farmer and insurance salesman in 1922, State Farm is now one of the largest homeowners insurance companies in the U.S. In addition to homeowners insurance, State Farm sells car, life, umbrella and other insurance policies both online and through a network of more than 19,000 agents. State Farm is also financially. Sarah Schlichter is a writer at NerdWallet.
Troutman Sanders
JULY 31, 2020
Earlier this month, California Attorney General Xavier Becerra and Massachusetts Attorney General Maura Healey led a group of twenty-three attorneys general in a lawsuit against the U.S. Department of Education (the “Department”) and Secretary of Education Betsy DeVos (the “Secretary”). According to a news release from the California Attorney General’s Office, the lawsuit, filed in the Northern District of California, alleges the Department unlawfully repealed and replaced the 2016 “borrower def
Nerd Wallet
JULY 31, 2020
Months into working from home, it’s time to check in with yourself. How is your work-life balance? Have you figured out when and how you work best? And when did you last shower? As work and home life meld, it’s difficult to maintain boundaries, stay productive and take care of your mental health amid the. Sean Pyles is a writer at NerdWallet. Email: spyles@nerdwallet.com.
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?
Troutman Sanders
JULY 31, 2020
The Middle District of Pennsylvania recently held that including line items for interest and fees in a debt collection letter when no interest or fees are sought does not violate the Fair Debt Collections Practices Act (“FDCPA”). In Reyes v. Associated Credit Servs. , No. 1:19-CV-01670 (M.D. Pa. July 6, 2020), the plaintiff received a letter from the defendant debt collection company, Associated Credit Services, Inc.
Nerd Wallet
JULY 31, 2020
Although World of Hyatt isn’t one of the biggest hotel loyalty programs, it has a lot going for it. NerdWallet currently ranks Hyatt points as the most valuable hotel rewards currency, worth 1.9 cents each. Pair that with top-notch elite status benefits and exceptional high-end hotels and the program offers standout value. Where can you stay. Rand Shoaf is a writer at NerdWallet.
TCPA
JULY 31, 2020
In a Public Notice issued July 28, 2020, the FCC confirmed that the TCPA’s safe harbor for calls or text messages made for “emergency purposes” applies to calls and text messages made by or on behalf of health care entities … Continue reading →
Nerd Wallet
JULY 31, 2020
Level term life insurance is a policy that has a level death benefit the entire time you own it. Your beneficiaries will get paid the same amount regardless of whether you die in the third year or 23rd year of your 30-year policy. It can also be called level benefit term life insurance, highlighting the. Andrew Marder is a writer at NerdWallet. Email: amarder@nerdwallet.com.
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Micro Bilt
JULY 31, 2020
The tenant screening process is designed to help you identify potential problem tenants. While the credit report may reveal economic issues that could affect a renter’s ability to pay rent. Criminal history may reveal violent and non-violent crimes.
Nerd Wallet
JULY 31, 2020
Whether you’re sitting on a pile of Hilton Honors points or are just starting your journey to rack them up, you’re likely curious about what types of rooms and hotels you can book using your points. Since Hilton does not offer an award chart, we’re here to help you navigate Hilton’s different booking award levels. Josh Garber is a writer at NerdWallet.
Collections Law
JULY 31, 2020
Debt recovery is one of the most challenging things to achieve during a case. Even when the court successfully rules in your favor, you are not guaranteed timely payment of either a Massachusetts judgment or a foreign judgment. Debtors can come up with a variety of excuses to refuse or delay payments for long periods of time. As a result, winning the case ultimately amounts to nothing for you because the main purpose was obtaining the monies owed by the debtor.
Nerd Wallet
JULY 31, 2020
In spring 2020, as the coronavirus spread across the globe, travelers put their plans on hold, canceling trips and taking advantage of airlines’ new flexible change and cancellation policies. Months later, most of us still aren’t traveling, but we’re starting to look ahead to a time when it will be safe to fly again —. Dan Miller is a writer at NerdWallet.
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.
NACM
JULY 31, 2020
Pending home sales continued to surprise in June, posting back-to-back months of improvement. According to the Pending Home Sales Index from the National Association of Realtors (NAR), sales in June increased 16.6%. Pending sales are also up more than 6% from June 2019.
Debt
JULY 31, 2020
As warring congressional leaders play chicken with the nation’s fifth round of coronavirus-related relief, the only apparent certainty is a fresh round of stimulus checks will, eventually, find their way into America’s bank accounts. In a perfect world, the (Republican) Senate and (Democratic) House of Representatives would realize the economic urgency of the moment and work […].
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