Account Recovery

NOVEMBER 9, 2022

State law in Tennessee allows for the revocation of driver’s licenses of those who owe debts to the court system, but suspending licenses actually does not improve collection rates, according to a report released by a nonpartisan think tank in the state. Income, not having their driver’s license suspended or revoked, is a bigger driver … The post Suspending Licenses Doesn’t Improve Collection Rates: Report appeared first on AccountsRecovery.net.

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Collections 246

Nerd Wallet

NOVEMBER 9, 2022

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. The Roth IRA can be an attractive retirement account to all types of investors. One reason is that Roth.

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Education 105

Account Recovery

NOVEMBER 9, 2022

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 25 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 246

Consumer Finance

NOVEMBER 9, 2022

When consumer reporting companies and furnishers fail to investigate disputed information, consumers are left paying higher interest rates and face greater difficulty finding housing, employment.

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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 9, 2022

RECAPPING MID-TERM ELECTION RESULTS RELATED TO THE ARM INDUSTRY While the fight for control of Congress continues as the ballots from yesterday’s mid-term elections continue to be counted, a number of ballot initiatives and races were called and will have an impact on the ARM industry. From ballot measures in Arizona and Oregon to a … The post Daily Digest – November 9.

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Account Recovery

NOVEMBER 9, 2022

Voters in Arizona yesterday approved a measure that will increase the amounts that consumers can shield from garnishments to pay medical debts while also lowering judgment interest rates in a move that is expected to be taken up in other states across the country, while a state Attorney General who is very well-known to the … The post Recapping Mid-term Election Results Related to ARM Industry appeared first on AccountsRecovery.net.

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Garnishment Judgment 246

Nerd Wallet

NOVEMBER 9, 2022

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. Whether your student loans are being forgiven, you received a gift or earned some extra cash this month, using.

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Student loans Student Loans Education Loans 87

Account Recovery

NOVEMBER 9, 2022

LENEXA, Kan., Nov. 8, 2022 — TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, today announced it joined the Visa Fintech Partner Connect program. Through Visa Fintech Partner Connect, TrueAccord is Visa Ready certified. This certification helps technology companies build and launch payment solutions that meet Visa’s global standards around … The post TrueAccord Joins the Visa Fintech Partner Con

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Collection Companies Collections 245

Nerd Wallet

NOVEMBER 9, 2022

When wage increases are on the ballot, voters usually say yes. That was the case in multiple states with one notable loss in Portland, Maine. Meanwhile, Illinois cemented collective bargaining rights into its constitution, and Tennessee will bake right-to-work law into its own. Here’s how the 2022 midterm election played out for workers across the. Anna Helhoski writes for NerdWallet.

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Collections 84

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Collections

Account Recovery

NOVEMBER 9, 2022

SARASOTA, FL – The National Creditors Bar Association (NCBA) held its annual Fall Conference in Tampa, FL October 26-28th with more than 800 attendees. Steve Markoff of Markoff Law LLC, Chicago, IL, continues his term as President of NCBA and swore in new officers to its Board of Directors including President-Elect Barbara Nilsen of Blitt … The post National Creditors Bar Association, President Steve Markoff, Swear in New Board at Tampa Conference appeared first on AccountsRecovery.net.

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Creditors 243

Nerd Wallet

NOVEMBER 9, 2022

Shoppers filling their carts this holiday season will likely have the option to “buy now, pay later” at checkout. Known as BNPL for short, these payment plans break up your purchase into smaller, equal installments, often for zero interest and no fees if you pay on time. If you’re looking to stretch your gifting dollars. Jackie Veling writes for NerdWallet.

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Personal loans Loans 78

Troutman Sanders

NOVEMBER 9, 2022

As we previously discussed here , in March 2022, the D.C. Council of the District of Columbia Committee of the Whole met in a full hearing, in part to hear amendments introduced to B24-0357, known as the Protecting Consumers From Unjust Debt Collection Practices Amendment Act (Act). The Act contains a host of new and amended requirements with respect to collection activities and litigation involving residents of the district and applies to both debt collectors and creditors collecting their own

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Debt collector Collections Loans Judgment 52

Nerd Wallet

NOVEMBER 9, 2022

Most weeks of the year, Fridays are the busiest days to fly, checkpoint data from the Transportation Security Administration shows. And just ahead of this Christmas, travelers may face one of the busiest Fridays yet: Friday, Dec. 23. There are a few reasons why this date is shaping up to be one of the busiest. Sally French writes for NerdWallet. Email: sfrench@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

Roths Child Law

NOVEMBER 9, 2022

Many people think that bankruptcy is always the filer’s fault, but this isn’t the case. There are many reasons for bankruptcy that the person who’s filing couldn’t help. . Understanding some of the reasons why people need to turn to bankruptcy may help them to decide if they need to file. It could also help them to feel better about needing to file. .

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Bankruptcy 52

Nerd Wallet

NOVEMBER 9, 2022

Frequent Walt Disney World visitors know it can be expensive at any of its parks — let alone paying for lodging in the area. When you have the whole family in tow, the cost can grow exponentially, even if there are opportunities to save cash. For dedicated Mickey Mouse fans who want to bet on. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.

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Consumer Finance

NOVEMBER 9, 2022

Engaños y otras estafas encabezan la lista aparecida en las quejas recibidas.

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Burr Forman

NOVEMBER 9, 2022

In Macris v. Specialized Loan Servicing, LLC , 2022 WL 16727611 (2d Cir. Nov. 7, 2022), the Second Circuit upheld summary judgment for a mortgage servicer, holding that the plaintiff could not pursue claims under the Fair Credit Reporting Act (FCRA) or the Fair Debt Collection Practices Act (FDCPA) for the reporting and collection efforts of his mortgage note.

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Fair Debt Collection Foreclosure Collections Judgment 40

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Collections

Collection Industry News

NOVEMBER 9, 2022

U.S. consumer spending is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be felt in the housing and auto markets, and renters will see their budgets squeezed as landlords pass on higher costs, he told CNBC’s “Squawk Box Europe.” But he stressed that consumer spending remains strong.

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Banks Collections 40

Nerd Wallet

NOVEMBER 9, 2022

Since the first iPhone launched 15 years ago, consumer shopping habits have slowly but relentlessly shifted toward mobile devices. According to a survey of 3,250 U.S. consumers from Pymnts.com, a website dedicated to analyzing the role of payments in new tech, the majority of travel service purchases (51.4%) were made on a mobile device in. Sam Kemmis writes for NerdWallet.

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Payment Savvy

NOVEMBER 9, 2022

EFT payments are becoming increasingly popular as more and more people conduct their financial affairs online. But what exactly is an EFT payment? In this article, we will answer the question of what an EFT payment is, and we’ll also discuss the different types of ETF payments, the benefits of using EFT payments, and the risks associated with this type of payment.

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Financial Institution Banks Credit Unions Credit Unions 98

Account Recovery

NOVEMBER 9, 2022

A District Court judge in Texas has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case ruling that a single wrong number placed by a collector to the plaintiff did not violate the statute, while also warning the plaintiff — who has “repeatedly” filed similar cases, without success — that … The post Judge Grants MSJ For Defendant in TCPA Case Over One Wrong Number Call appeared first on AccountsRecovery.net.

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Judgment 246

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

NOVEMBER 9, 2022

Interest rate hikes are expected to continue as both inflation and the labor market remain uncomfortably hot. According to the U.S. Bureau of Labor Statistics, there was an addition of 261,000 jobs in October.But with taming inflation and cooling the job market comes a serious risk of recession. "The Federal Reserve faces the difficult task of cool.

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