Account Recovery

OCTOBER 14, 2020

JUDGE DENIES DEFENDANT’S RENEWED MSJ IN FDCPA CASE OVER STATUS OF LETTER A District Court judge in Florida has denied a defendant’s renewed motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by not including some of the required disclosures in a letter sent to the plaintiff, … The post Daily Digest – October 14.

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Fair Debt Collection Judgment Collections 246

Nerd Wallet

OCTOBER 14, 2020

Due to the coronavirus pandemic, more people are working remotely than ever before. However, working remotely while living through various stages of stay-at-home orders has caused many to reconsider their living arrangements, sometimes leading to an exit from big-city living to a new location in search of more space, better weather or greater access to.

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Account Recovery

OCTOBER 14, 2020

AUSTIN, TEXAS, UNITED STATES, October 13, 2020 — Gregory M. Friedman has joined Barron & Newburger as an attorney in the firm’s Austin office. Gregory will work both with the firm’s Consumer Financial Services Law Group, and with its Bankruptcy and Reorganization Practice Group. In both areas, Mr. Friedman will advise businesses on appropriate resolutions … The post Gregory Friedman Joins Barron & Newburger appeared first on AccountsRecovery.net.

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Bankruptcy Financial services 246

Nerd Wallet

OCTOBER 14, 2020

Would you rather have two $50 bills or one $100 bill? If you answered “it doesn’t really matter,” then you’re well on your way to understanding the immediate impact of reverse stock splits. Here’s a quick rundown of what reverse splits are and what they could mean for your portfolio. What is a reverse stock. Chris Davis is a writer at NerdWallet. Email: cdavis@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

OCTOBER 14, 2020

The Consumer Financial Protection Bureau yesterday announced it had entered into a consent order with Nissan Motor Acceptance Corp., which will require the auto lender to repay consumers $1 million and pay a $4 million fine after it was accused of wrongfully repossessing vehicles and because its third-party payment processor did not inform consumers who … The post NMAC Pays $5M In CFPB Consent Order; Third-Party ‘Deprived’ Consumers of Lower Pay-by-Phone Options appeared first

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Repossession Lender 147

Account Recovery

OCTOBER 14, 2020

If you were attending the Florida Collectors Association annual conference last week — either in person or virtually — you likely heard Jeremy Mapes discuss the growing problem of ransomware attacks. A company falls victim to a ransomware attack every 14 seconds, according to one data source. To help companies in the financial services industry, … The post Regulator Releases Tool to Help Fight Ransomware Attacks appeared first on AccountsRecovery.net.

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Financial services 147

Nerd Wallet

OCTOBER 14, 2020

American Airlines announced today its AAdvantage program changes for 2021. These changes reflect the times and how airlines are adapting to woo flyers back to the skies while the COVID-19 pandemic continues. The thresholds for earning elite status in 2021 are being reduced from the standard levels, and flyers will have 15 months (instead of. JT Genter is a writer at NerdWallet.

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Account Recovery

OCTOBER 14, 2020

A District Court judge in Florida has denied a defendant’s renewed motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by not including some of the required disclosures in a letter sent to the plaintiff, which the defendant attempted to claim should not have been considered a … The post Judge Denies Renewed MSJ in FDCPA Case Over Status of Letter appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 147

Jimerson Firm

OCTOBER 14, 2020

Before a property owner can make improvements over $2,500 to their property, Florida law requires the owner (or authorized agent) to record a Notice of Commencement in the public records where the project is located. A Notice of Commencement signals the beginning of a construction project, and provides protection to the owner, contractors, and suppliers.

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Construction Law Firms Banks 98

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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.

Collections

Consumer Finance

OCTOBER 14, 2020

On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.

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Credit Management Debt collector Judgment Collections 95

Nerd Wallet

OCTOBER 14, 2020

That leased car gathering dust in your driveway might have hidden cash in it. Dealers facing tight inventories are scrambling to buy good used cars to resell. They might be willing to purchase your leased car for more than the buyout price in your contract. “I haven’t seen used car prices go up this much. Philip Reed is a writer at NerdWallet. Email: articles@nerdwallet.com.

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Loans 92

Consumer Finance

OCTOBER 14, 2020

CFPB Director Kathleen L. Kraninger and Brandon Copeland, pro linebacker and Financial Literary Professor, will host a virtual town hall to discuss how people can better manage their money during tough times.

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Nerd Wallet

OCTOBER 14, 2020

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. 27. What are Best Buy’s Black Friday 2020 store hours? While store hours for Black Friday, Nov. Hal M. Bundrick, CFP is a writer at NerdWallet.

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Retail 77

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

The McHughes Law Firm

OCTOBER 14, 2020

Branding Arc announces the donation of marketing support aimed at increasing awareness for Stop Abuse. This contribution will help reach child sexual abuse victims who have been silenced during stay-at-home orders resulting from the coronavirus pandemic. . The pandemic and subsequent school closures have kept children away from teachers and school personnel who often assist victims in identifying and reporting abuse.

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Education Financial services 52

Nerd Wallet

OCTOBER 14, 2020

Choosing your legal structure is one of the first things you’ll do as a new small-business owner. Among the different types of business structures, a limited partnership is an option that gives you a way to raise money from a close group of investors, but is usually a good choice in only a few circumstances. Overview of. Teddy Nykiel is a writer at NerdWallet.

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Better Credit Blog

OCTOBER 14, 2020

Has your credit score taken a dive due to debt in collections? When a collections agency like Accelerated Financial Solutions gets access to your debt, it can drop your score and make your day-to-day life more stressful. If you’re eager to get AFS removed from your credit report and to put an end to their calls and letters, there are a few right (and wrong) ways to move forward.

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Debt collector Third-party Debt Collectors Collection Agencies Collections Agency 52

Nerd Wallet

OCTOBER 14, 2020

The Discover it® Miles card makes earning and redeeming miles for travel simple with its flat-rate rewards structure. While it doesn’t offer as many premium features and benefits as some travel cards, it could be a good option if you’re looking for a $0 annual fee alternative. If you’re thinking of applying for the Discover. Rebecca Lake is a writer at NerdWallet.

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Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

Collections

On Guard

OCTOBER 14, 2020

The finance professional’s role in the order-to-cash process. Maintaining a positive customer experience is key to ensuring their loyalty and is vital to the long-term survival of an organisation. Digital transformation initiatives are helping organisations to serve their customers in a quicker and easier way. However, due to the uncertain economic climate, some customers are struggling to pay invoices on time.

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Katabat

OCTOBER 14, 2020

As citizens of the world, we know that 2020 will ultimately go down in history as a year of great significance. Many of us are eager for the start of a New Year. At Katabat, a business operating in the US, Europe, and Australia, we have been creating our own amazing story of change and transformation in the midst of these unprecedented times. I am proud to announce the launch of an updated website and fresh new brand look.

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Lender Collections 40

Better Credit Blog

OCTOBER 14, 2020

Tens of millions of Americans have collections-stage debt. So if you’ve come across a collections entry on your credit report, you’re far from being alone. One unfamiliar name you may encounter on your report is Ability Recovery Services. While finding a collections entry on your report can be stressful, ARS’s calls, letters, and damaging effects on your credit score are simple to stop.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 81

Nerd Wallet

OCTOBER 14, 2020

If you’ve had your eye on a pricey stock but don’t want to invest all your savings in a single company, fractional shares available through a few online brokerages could be an affordable way to get started. Fractional shares let investors purchase stock based on a dollar amount they select rather than the price of. Chris Davis is a writer at NerdWallet.

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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.

Better Credit Blog

OCTOBER 14, 2020

When you owe money to a creditor or a service provider, it could result in a collections entry on your credit report. This type of entry can bring down your credit score for as long as seven years. A collections entry can also result in tiresome phone calls and frequent letters until you make a payment. If Asset Recovery Solutions is the source of the collections entry on your report, you may have questions about the agency and how to deal with them.

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Debt collector Collection Agencies Collections Agency Retail 52

On Guard

OCTOBER 14, 2020

Achieving efficient collaboration through digital transformation. Before the Covid-19 crisis, digitisation was a long-term plan for organisations, but with the developments of this year, businesses have had to fast-track their digital transformation roadmaps. As a result, over 70% of finance departments have found themselves able to adapt to home working within a few days, according to our recent poll of over 300 finance professionals.

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Public Citizen

OCTOBER 14, 2020

by Paul Alan Levy. Yesterday, we filed a motion to quash a search warrant seeking to obtain from Facebook the confidential files of an activist group that has been protesting the refusal of Virginia authorities to step in to protect the health of immigration detainees in a private prison in Farmville, Virginia.  The motion builds on successful work three years ago along with the ACLU in opposing the Trump Administration’s attempt to raid online files of a group that ran protests at his ina

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Government 69