Fri.Nov 18, 2022

article thumbnail

FDCPA Suit Accuses Collector of Failing to Identify Creditor to Whom Debt was Owed on Itemization Date

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post FDCPA Suit Accuses Collector of Failing to Identify Creditor to Whom Debt was Owed on Itemization Date first appeared on Accoun

Creditors 246
article thumbnail

CFPB Seeks Public Comment on Collecting Data on Auto Lending Market

Troutman Sanders

On November 17, the Consumer Financial Protection Bureau (CFPB) announced it is seeking public comment on its proposal to develop a new data set to better monitor the auto loan market. According to the CFPB, greater visibility into market trends would allow lenders and investors to spot emerging opportunities, improve risk management practices, and ultimately expand access to credit and refinancing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Digest – November 18. Suit Accuses Collector of Failing to Identify Creditor; Collector Not Liable for Wrong-Number Calls

Account Recovery

FDCPA SUIT ACCUSES COLLECTOR OF FAILING TO IDENTIFY CREDITOR TO WHOM DEBT WAS OWED ON ITEMIZATION DATE A defendant has removed a lawsuit alleging violations of the Fair Debt Collection Practices Act and Regulation F originally filed in Florida state court to federal court, after it was accused of sending a Model Validation Notice that … The post Daily Digest – November 18.

Creditors 246
article thumbnail

What Is a UCC Filing?

Nerd Wallet

A Uniform Commercial Code filing, also known as a UCC filing, is a document that lenders use to establish their legal right to assets that a borrower uses to secure a loan. This notice allows the lender to seize the borrower’s collateral in the case of default. UCC filings can cover a specific piece of. Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com.

article thumbnail

Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

article thumbnail

Judge Grants MSJ for Defense in FDCPA, TCPA Case Over Wrong Number Calls

Account Recovery

A District Court judge in Rhode Island has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act and the Telephone Consumer Protection Act accidentally by calling the wrong individual between 12 and 18 times during a two-month span, ruling that because the plaintiff never informed … The post Judge Grants MSJ for Defense in FDCPA, TCPA Case Over Wrong Number Calls first appeared on AccountsRecovery.net.

More Trending

article thumbnail

Tech Company Building Collection Platform Raises $42M More

Account Recovery

A company that is building a platform for creditors to automate processes for collecting on unpaid debts using artificial intelligence and machine learning has announced that it has raised an additional $42 million, bringing the total amount it has raised to $140 million. Exactly how the company’s platform works may be purposefully vague and prefer … The post Tech Company Building Collection Platform Raises $42M More first appeared on AccountsRecovery.net.

article thumbnail

The Guide to Star Alliance Gold

Nerd Wallet

When airline travelers think about elite status, most focus on the loyalty programs offered by their favorite airline. While these airline perks can be valuable, alliance benefits enhance your flight experience when flying with partner airlines. Here’s everything you need to know about Star Alliance Gold benefits. Star Alliance Gold perks Travelers who’ve earned Star.

83
article thumbnail

Report Chronicles Medical Debt Issues for Seniors

Account Recovery

Senior citizens in North Carolina and Florida are carrying more medical debt than seniors in any other state, according to the results of a recently released report, which details social threats — including economic instability — to seniors receiving healthcare. Nearly one-in-six senior citizens living in the United States is carrying some amount of unpaid … The post Report Chronicles Medical Debt Issues for Seniors first appeared on AccountsRecovery.net.

article thumbnail

Hyperinflation: What It Is and How It Affects You

Nerd Wallet

Hyperinflation definition Hyperinflation occurs when prices rise by at least 50% in one month or 1,000% per year. These massive price changes happen quickly, making common items unaffordable. Hyperinflation is a rare economic phenomenon, and the U.S. has never experienced it. Hyperinflation causes Hyperinflation can be triggered by events such as an excessive supply of.

82
article thumbnail

The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

article thumbnail

California Updates Protections for Service Members and Veterans

Troutman Sanders

Please join Consumer Financial Services Partner Chris Willis and his guest and colleague Tony Kaye as they discuss the recently enacted California Senate Bill 1311 or Military and Veteran Consumer Protection Act of 2022. Effective January 1, 2023, the new bill — drawn up by the California attorney general’s office — intends to enhance consumer protections for military service members, directly affecting the Military Lending Act’s exception for loans to purchase motor vehicles and other personal

article thumbnail

The Guide to Chase Rental Car Insurance for Travelers

Nerd Wallet

Having good rental car insurance can be beneficial when taking a trip where you’ll be driving a quite a bit. For Chase credit cardholders, Chase rental car insurance is a valuable perk to have. If you have an eligible Chase credit card, this coverage may help you financially if your rental car is damaged due. Natasha Gabrielle writes for NerdWallet.

80
article thumbnail

Council writes off nearly £1.3m in unpaid Business Debt

UK debt collections

A Council has decided to write off nearly £1.3m in unpaid business debt it has been reported. Cardiff council took the decision to write off “irrecoverable” debts amounting to over £1 million owed to it through taxes on non-domestic properties. Cardiff Council’s cabinet voted to authorise the writing off of non-domestic rates debts totaling £1,282,187.71 at a meeting today.

Debtor 52
article thumbnail

What Are Covered Calls, and Are They Right for You?

Nerd Wallet

The last two years have seen record options-trading volumes, thanks to historic volatility and the rise of mobile brokerages. If you’re new to options trading — or you’re thinking about getting into it — you might be wondering which strategies are right for you. One simple type of options trade is the covered call. What. Sam Taube writes for NerdWallet.

Trade 78
article thumbnail

Agent Tooling: Connecting AI to Your Tools, Systems & Data

Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage

There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.

article thumbnail

4 Tips for Collecting Payments While Maintaining a Positive Customer Experience

Taurus Collect

Whether you are a freelancer or business owner, run an agency, or work with a customer success team, collecting payments is an inevitable part of businesses. After all, receiving timely payments from customers is what keeps the lights on (literally). Additionally, no company can practically sustain itself without collecting revenues. When businesses invest hours of hard work in a project, and their customer doesn’t pay for it, it wastes effort, time, and resources.

article thumbnail

What Makes a Black Friday Deal Worth It?

Nerd Wallet

Black Friday sales are everywhere. Judging by retailers’ advertisements stuffed with language like “must-have deals” and “can’t-miss epic finds,” you’d be led to believe that every deal is too good to pass up. But what actually makes a Black Friday deal worth pursuing? An item’s reduced price, availability and affordability are key elements. Here’s what.

Retail 75
article thumbnail

US Department Of Labor Seeking Maryland Home Healthcare Workers Who May Be Owed Back Wages, Damages In $1.13m Recovery

Collection Industry News

A Plus Personal Home Care denied overtime wages, misclassified 193 workers. PIKESVILLE, MD – The U.S. Department of Labor is trying to locate home healthcare workers employed from April 2020 through March 2022 by a Pikesville company who may be owed part of nearly $1.13 million in back wages and damages the department’s Wage and Hour Division recovered on their behalf.

article thumbnail

United Flight Delays: What to Do, How to Protect Yourself

Nerd Wallet

The chances of your flight being delayed have steadily increased in the United States. The news isn’t great if you frequently fly United Airlines: Roughly 1 in 5 United flights has been delayed so far in 2022, according to the U.S. Bureau of Transportation Statistics. Since your chances of ending up on a delayed flight. Josh Garber writes for NerdWallet.

75
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

article thumbnail

Autumn Statement: Reaction from CSA CEO

CSA

Commenting on the Chancellor’s 17 November Autumn Statement announcements, CSA Chief Executive Chris Leslie observed: Jeremy Hunt’s package of announcements were sobering, contrasting sharply with the purported tax giveaways announced by his predecessor (and subsequently overturned). The implications for the collections and debt purchase sector are largely in respect of those customers who may now find themselves in deficit budgets and defaulting or at risk of defaulting on repayment commitments

article thumbnail

Avoiding ‘Shiny Thing’ Strategies for Making Money

Nerd Wallet

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 it’s about investing for the future or earning more money, there’s only so long a human being can.

article thumbnail

Top Qualities to Look for When Hiring Credit Staff

NACM

??The latest episode of Extra Credit is ready for listening! Hear about what qualities credit professionals look for in new credit staff.

4
article thumbnail

How to Navigate Price-Matching Policies This Holiday Season

Nerd Wallet

Shoppers are looking for ways to score the best deal to fight the impact of rising and fluctuating prices on their budgets. With fierce competition among retailers, some stores promote their price-matching policies as a method to help shoppers save. Stores grab consumer dollars early, and, in return, promise to match their own prices —. Amanda Barroso writes for NerdWallet.

Retail 72
article thumbnail

Future-Proof Your Firm: Smarter Tech for Stronger Returns & Simpler Workflows

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

CFPB Highlights Purported “Problems With Tenant Background Checks”

Troutman Sanders

On November 15, the Consumer Financial Protection Bureau (CFPB) issued two reports, highlighting what the CFPB perceives to be forms of errors that frequently occur in tenant background checks and the impacts the CFPB believes that those errors can have on potential renters. The “ Tenant Background Check Markets Report ” (Market Report) provides a description of the rental housing landscape and an overview of the tenant screening industry, largely drawn from market participants’ own marketing ma

article thumbnail

An Investment for the Future: How to Pay for Egg Freezing

Nerd Wallet

As Geri Diaz approached her 34th birthday, she knew she wanted to make a few more moves in her career before becoming a mom. She had been thinking about egg freezing for over a year. “I wasn’t in a relationship so I wanted to take the pressure of having kids off my plate,” says Diaz, Ronita Choudhuri-Wade writes for NerdWallet. Email: rcwade@nerdwallet.com.

article thumbnail

Top US banks smash second quarter profit estimates on rebounding economy

Collection Industry News

WASHINGTON (Reuters) – The four largest U.S. consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the U.S. economy began roaring back to life. Wells Fargo & Co, Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co posted a combined $33 billion in profits, buoyed by the release of $9 billion in reserves they had put aside last year to absorb feared pandemic losses.

Banks 40