Account Recovery

NOVEMBER 24, 2020

A group of consumer advocacy organizations have published a guide to help individuals with student loans navigate their way through the COVID-19 pandemic and beyond, offering a “roadmap” to provide “substantial relief” to the 44 million individuals who have student loan debt. Among the ideas published in the guide are: Cancel student loan debt to … The post Consumer Groups Publish Report Offering Suggestions to Help Student Loan Crisis appeared first on AccountsReco

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Student loans Student Loans Loans 246

Nerd Wallet

NOVEMBER 24, 2020

Hiring professional movers can get pricey — and keeping costs down requires more than finding free boxes. Here are four costly moving mistakes, and how you can avoid them. 1. Hiring movers without vetting If you don’t research a moving company before booking, you might end up with a much larger bill — and more. Tracy Scott is a writer at NerdWallet.

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Account Recovery

NOVEMBER 24, 2020

EDNY JUDGE GRANTS MTD IN FDCPA LETTER CASE A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating a number of provisions of the Fair Debt Collection Practices Act, such as including multiple addresses in a collection letter and because he received two letters that … The post Daily Digest – November 24.

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Fair Debt Collection Collections 246

Credit Corp

NOVEMBER 24, 2020

A lot has changed during the coronavirus pandemic. Large in-person gatherings are a thing of the past, the economy has been affected , and some businesses have even shut down. There are many small businesses that are still open, but they’re struggling. It’s up to everyday people to continue to support them. But consumers have also been affected—many people have lost their jobs, making it more difficult to support small businesses.

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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 24, 2020

The Court of Appeals for the Tenth Circuit has upheld a lower court’s denial of class certification in a Telephone Consumer Protection Act lawsuit in which the plaintiff alleged to have received more than 200 robocalls from an auto lender, agreeing with the lower court that the plaintiff did not provide enough information to define … The post Appeals Court Upholds Denial of Certification in TCPA Case appeared first on AccountsRecovery.net.

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Lender 241

Account Recovery

NOVEMBER 24, 2020

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating a number of provisions of the Fair Debt Collection Practices Act, such as including multiple addresses in a collection letter and because he received two letters that each included a 30-day validation notice. A copy … The post EDNY Judge Grants MTD in FDCPA Letter Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 214

PDC Flow

NOVEMBER 24, 2020

Payment negotiations are the most important part of accounts receivable. If agents don’t know the best tactics for setting up payment plans or collecting higher dollar amounts, you will routinely leave money on the table. Every accounts receivable call center should train staff in basic methods for collecting the highest amount in the shortest time frame possible.

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Account Recovery

NOVEMBER 24, 2020

A lack of financial resources is not the only reason why individuals are not paying their medical bills, according to the results of a newly released survey. Only half of those who were late paying a medical bill said it was because they couldn’t pay for financial reasons, according to the results of the survey, … The post Survey Digs Into Why People Can’t Pay Their Medical Bills appeared first on AccountsRecovery.net.

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Healthcare 200

Nerd Wallet

NOVEMBER 24, 2020

Finding free or very inexpensive boxes near you is a relatively simple way to lower the overall cost of your move — sometimes, by hundreds of dollars. It does require some effort and research on your part though. Start early to give yourself enough time to source plenty before moving day. » MORE: NerdWallet’s top. Roberta Pescow is a writer at NerdWallet.

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Collections

PBWT

NOVEMBER 24, 2020

On Wednesday, November 18, two customers of Cred Inc., a cryptocurrency investment platform currently in Chapter 11, asked Delaware Bankruptcy Judge John T. Dorsey to convert the Chapter 11 case to a Chapter 7 liquidation (or, in the alternative, to appoint a Chapter 11 Trustee “with expertise in hunting down. stolen cryptocurrency”). Prior to its Chapter 11 filing, Cred received investor-cryptocurrency, typically in the form of loans, and then purportedly used those funds across a v

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Creditors Debtor Loans Bankruptcy 65

Nerd Wallet

NOVEMBER 24, 2020

For months, the question has loomed: Should we travel for the holidays? Like almost every question this year, the answer has been a resounding “it depends,” but every day the prospect of safe and responsible holiday travel seems to dim. Should we really cram into crowded airports while case numbers continue to climb? The Centers. Sam Kemmis is a writer at NerdWallet.

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Consumer Finance

NOVEMBER 24, 2020

On November 25, 2020, the Consumer Financial Protection Bureau launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information.

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Nerd Wallet

NOVEMBER 24, 2020

The Citi Premier® Card and the Chase Sapphire Preferred® Card have more similarities than differences. Both charge a moderate $95 annual fee — not exactly cheap, but still a ways off from premium card prices which can go up to $550 or more. Both earn generous bonus offers, and earn extra rewards on popular purchases like. Erin Hurd is a writer at NerdWallet.

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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

Troutman Sanders

NOVEMBER 24, 2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Financial services Foreclosure Banks Loans 52

Nerd Wallet

NOVEMBER 24, 2020

You can use the GI Bill to pay for costs at approved coding bootcamps. But the VET TEC program might be a better way to cover those expenses and allow you to preserve your GI Bill for higher-cost, longer-term educational opportunities. Here’s what you need to know if you’re a veteran looking to use education. Cecilia Clark is a writer at NerdWallet.

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Education Student loans Student Loans Loans 60

Burr Forman

NOVEMBER 24, 2020

As many anticipate that remote workforces are here to stay and will be a crucial tool in recruiting talent, Kathryn Willis joined leaders in employment law to discuss some of the key challenges and opportunities that will bring for a November 17, 2020 SHRM Online article. One issue to overcome will be that onsite workers may miss interacting in person with many colleagues of theirs that are telecommuting now.

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Nerd Wallet

NOVEMBER 24, 2020

It’s no secret: Hotel ballrooms, boardrooms and rose gardens that once commanded big budgets for conferences, cheer competitions and wedding ceremonies have now been mostly vacant for months. For people still willing to hold events in 2020, venues are cheap and abundant. But event planners don’t expect things to stay that way for long —. Sally French is a writer at NerdWallet.

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Collections

Better Credit Blog

NOVEMBER 24, 2020

Have you been contacted by a company identifying themselves as 09 Tempoe LLC? It’s probably because you forgot to pay a bill, and it’s coming back around to bite you. 09 Tempoe LLC is an alternative lender to traditional financing options. They can help you fund large purchases, such as jewelry, electronics, or automobiles. However, you can run into major trouble if you default on your loan.

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Debt collector Loans Collections Fair Debt Collection 52

Nerd Wallet

NOVEMBER 24, 2020

Plan F is part of Medicare Supplement Insurance, also known as Medigap. This is insurance that’s sold by private companies and fills gaps in Original Medicare coverage, such as copayments, coinsurance and deductibles. How it works: Medicare pays its share of the approved amount for covered health care costs and services. Then, the Medigap policy pays.

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Payment Savvy

NOVEMBER 24, 2020

Innovative IVR payments (Interactive Voice Response) are a commonplace technology that allows customers to make payments over the phone using an automated system. This service works primarily without interacting with a live representative. This system handles simple payment requests, and for more complex issues, customers can be directed to a live representative to discuss.

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Collection Agencies Collections Agency Collections 52

Better Credit Blog

NOVEMBER 24, 2020

The American debt crisis is a growing one. Especially since the start of this year, many Americans have been struggling to manage their bills or make payments on existing debts. If you have had an overdue bill move to collections, you may begin hearing from a company called ACS Inc. ACS Inc is a collection agency that works with lenders and creditors to recover payments on defaulted loans or unpaid bills.

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Debt collector Collections Lender Creditors 52

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.

NCBA Law Practice Management Blog

NOVEMBER 24, 2020

If your revenues remain down, there’s a probably a simple reason for at least some of that dip. According to the recently-released 2020 Clio Legal Trends Report , 23% of legal consumers think law firms are closed. This is largely based on their knowledge of court closures leading to an assumption that the entire legal industry is shut down. That, in itself, is a problem for lawyers.

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Better Credit Blog

NOVEMBER 24, 2020

Credit monitoring should be a part of your money management routine, and there are several platforms out there that can help you track and improve your credit score. One service that you may want to consider signing up for is Chase Credit Journey. Whether you bank with Chase or not, you could benefit from Chase’s Vantage Score 3.0 credit checks, offers, and recommendations.

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Lender Education Bankruptcy Banks 52

Fico Collections

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. In 2019 issuers faced $4.2 billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. That’s why FICO and PULSE - a Discover® company and leading provider of debit/ATM networks in the US – partnered to implement a state-of-the-art fraud platform to provid

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Public Citizen

NOVEMBER 24, 2020

FTC Commissioner Rohit Chopra and his attorney-advisor Samuel A.A. Levine have wiritten The Case for Resurrecting the FTC Act’s Penalty Offense Authority. Here is the abstract: This article details why the Federal Trade Commission should resurrect one of the key authorities it abandoned in the 1980s: Section 5(m)(1)(B) of the FTC Act, the Penalty Offense Authority.

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Trade 45

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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.

Credit Unions