Account Recovery
SEPTEMBER 3, 2020
A District Court judge in New Jersey has denied a defendant’s motion to dismiss after it was sued for violating the Fair Credit Reporting Act by obtaining the plaintiff’s credit report without a permissible purpose to do so. A copy of the ruling in the case of Mathews v. Verizon Communications Inc. can be accessed … The post MTD in Permissible Purpose FCRA Case Denied appeared first on AccountsRecovery.net.
Nerd Wallet
SEPTEMBER 3, 2020
Saving enough money to buy a house might seem like scaling Mount Everest, but don’t let that stop you from taking the first steps. Once you get moving, you might find the peak more accessible than you expected. Here’s how to make the climb: Set goals to save for a house Decide a total money. Barbara Marquand is a writer at NerdWallet. Email: bmarquand@nerdwallet.com.
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Account Recovery
SEPTEMBER 3, 2020
GETTING TO KNOW SHANTEL PETROSYAN OF PFC USA Shantel Petrosyan has made the cardinal mistake. She has made it known that she is available if you are looking for volunteers. Not someone to help you move, but someone who is committed to helping move the industry forward. In reality, her offer is not a mistake, … The post Daily Digest – September 3.
Nerd Wallet
SEPTEMBER 3, 2020
If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes. The issue gained national attention in May, when Gov. Andrew Cuomo of New York said out-of-state health care workers who came to help with the pandemic. Liz Weston is a writer at NerdWallet.
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
SEPTEMBER 3, 2020
A District Court judge in Wisconsin has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by including a time limit on a settlement offer and by using the phrase “balance due” in a collection letter. A copy of the ruling in the case … The post Judge Grants MSJ For Defense in FDCPA Case Over Settlement Deadline, Using ‘Balance Due’ appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
SEPTEMBER 3, 2020
A number of financial services trade organizations, including ACA International, are calling on the Federal Communications Commission to require that telecom companies notify businesses when their calls are being blocked or labeled as spam. The organizations, which also included the American Bankers Association, the American Association of Healthcare Administrative Management, and the Student Loan Servicing … The post Groups Call on FCC to Require Notification of Blocked Calls appeared fir
Dear Debt
SEPTEMBER 3, 2020
Post contains affiliate links. Today’s post is from my friends at Bold.org, a site where you can find exclusive scholarships and grants. Life is expensive these days, especially if you… Related Posts: Financial Literacy Matters, Especially for Women. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. Look How Far You've Come.
Account Recovery
SEPTEMBER 3, 2020
VeriFacts is a team with a big heart, and this month, we’re helping one of our own and participating in the Natalie Strong Virtual 5k to raise money that will help to give a young teen the gift of life through a second heart transplant. The VeriFacts team is ready to lace up our running … The post Helping Our Own: VeriFacts, LLC Raises Money for Young Teen’s Heart Transplant appeared first on AccountsRecovery.net.
Re:Ceeve
SEPTEMBER 3, 2020
All companies—no matter their industry, size, or location—have one ultimate goal in mind at all times: improvement. It’s only natural for companies to want to get better at what they do. Perhaps you want to improve your productivity, the quality of your products, or your customer satisfaction. These are all valid goals. So how can you make these desired outcomes a reality?
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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.
Account Recovery
SEPTEMBER 3, 2020
The “Getting to Know” series is sponsored by Arbeit. Arbeit is a powerful, and easy to use communications platform that empowers businesses to reach more consumers. Innovative by nature, we are constantly listening to and understanding the businesses we partner with and developing long term industry relationships that allow us to be proactive in anticipating … The post Getting to Know Shantel Petrosyan of PFC USA appeared first on AccountsRecovery.net.
Nerd Wallet
SEPTEMBER 3, 2020
Remember when we used to make plans? It was so long ago now you may not remember, but we actually used to start booking our holiday travel in the summer before prices rose to unaffordable levels. That’s right: We could predict what the world would be like months in advance back then. Times have certainly. Sam Kemmis is a writer at NerdWallet. Email: skemmis@nerdwallet.com.
Public Citizen
SEPTEMBER 3, 2020
Christopher K. Odinet of Iowa has written Predatory Fintech and the Politics of Banking, Iowa Law Review (2021 Forthcoming). Here is the abstract: With American families living on the financial edge and seeking out high cost loans even before COVID-19, the term financial technology or “fintech” has been used like an incantation aimed at remedying everything that’s wrong with America’s financial system.
Nerd Wallet
SEPTEMBER 3, 2020
Average interest rate for savings accounts The national average interest rate for savings accounts is 0.05% APY, according to the Federal Deposit Insurance Corp. Online banks typically offer savings rates that are higher than the national average, while traditional brick-and-mortar banks generally offer lower rates. Money grows faster in an account with a higher interest.
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?
Fraser
SEPTEMBER 3, 2020
In response to a lawsuit by the State of New York, a New York federal district court judge struck down aspects of a U.S. Department of Labor (“DOL”) final rule (the “Rule”) providing guidance on interpretations of the Families First Coronavirus Response Act (FFCRA). The court’s ruling, which was made on August 3, 2020, strikes down the Rule’s “work availability” requirement, the “health care provider” definition, portions of the employer consent requirement for intermittent leave, and the advanc
Nerd Wallet
SEPTEMBER 3, 2020
Clocking in at around 5,900 hotels worldwide, chances are IHG has a hotel wherever you plan to travel. Holiday Inn, Crowne Plaza and Intercontinental are just a few of the 15 IHG brands offering luxury escapes, budget stays and everything in between. With so many hotels around the world, IHG’s loyalty program, IHG Rewards, gives. Jon Nickel-D'Andrea is a writer at NerdWallet.
Fico Collections
SEPTEMBER 3, 2020
We are thrilled and honored to be recognized by Aite Group as best in class and the overall rankings leader for our Loan Origination Solution. For nearly 50 years, FICO has pioneered intelligent credit origination powered by world-class analytics. We have served lenders in all industries, enhancing decisions with flexible strategies and rules, improving analytic sophistication, maximizing profitability, and delivering relevant, engaging customer experiences.
Nerd Wallet
SEPTEMBER 3, 2020
Students in the class of 2020 finished pharmacy school with an average debt of $179,514, according to a July 2020 survey from the American Association of Colleges of Pharmacy. The average student debt among pharmacists increased 4% compared with the class of 2019 and has gone up 14% since 2016. Programs for a Doctor of. Ryan Lane is a writer at NerdWallet.
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Fico Collections
SEPTEMBER 3, 2020
Since the start of COVID-19, we have been tracking its impact using data reported by the UK’s leading credit card issuers, through the FICO® Benchmark Reporting Service. We are reporting regularly on the impacts we see and whilst historically accounts that are more than five years old have been the lowest risk segment there are already signs they could be the most impacted so we will also be monitoring this as early signs of deterioration were seen in July for one-missed-payment rates.
Troutman Sanders
SEPTEMBER 3, 2020
With the financial fallout of the novel coronavirus (“COVID-19”), consumer financial services businesses should anticipate an increase in state court counterclaims filed in response to collection actions. These counterclaims are often challenging and can make it practically difficult to come out ahead financially if not handled appropriately. On August 27, 2020, Troutman Pepper attorney David Anthony presented for RMAi’s webinar “Combating State Court Consumer Counterclaims.
Fico Collections
SEPTEMBER 3, 2020
The UK’s financial watchdog is now calling on UK banks to continue to provide support to mortgage customers when the government-enforced payment holidays come to end next month. The FCA has told banks to offer a range of tailored repayment options to mortgage borrowers hit by coronavirus. . In an earlier post – Eight Success Tips for Debt Collection in the Pandemic – I spoke about the practical steps that collections and recovery departments can take to help identify COVID-vulnerable customers,
Troutman Sanders
SEPTEMBER 3, 2020
A recent decision out of the Eastern District of Wisconsin provides an important reminder to loan servicers that a statement in a debt collection letter could be considered misleading under the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692 et seq., even if the letter is “literally correct.”. The case is Reitz v. Credit Sys. of Fox Valley, Inc. , No. 20-C-196, 2020 WL 4753842 (E.D.
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
SEPTEMBER 3, 2020
Introduction. Effective upon publication in the Federal Register on Friday, September 4, 2020, the Acting Chief of Staff of the Centers for Disease Control and Prevention, a division of the U.S. Department of Health and Human Services (HHS), announced an Order that purports to temporarily halt all residential evictions in the United States and US Territories.
FFGN COLLECT NY
SEPTEMBER 3, 2020
Maybe you already started a New York debt collection case and are waiting for a judgment or are looking to file a new case. With news of court closures, partial staffing, extensions, and a likelihood of an increased infection rate in New York, will you be able to get a judgment in your debt collection case during the pandemic? Your concern is valid.
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