Account Recovery

NOVEMBER 18, 2022

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

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Creditors 246

Troutman Sanders

NOVEMBER 18, 2022

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.

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Account Recovery

NOVEMBER 18, 2022

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.

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Creditors Fair Debt Collection Collections 246

Nerd Wallet

NOVEMBER 18, 2022

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.

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Collateral Legal Rights Lender Loans 86

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 18, 2022

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.

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Account Recovery

NOVEMBER 18, 2022

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.

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Collections Creditors 244

Nerd Wallet

NOVEMBER 18, 2022

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.

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Account Recovery

NOVEMBER 18, 2022

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.

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Healthcare 240

Nerd Wallet

NOVEMBER 18, 2022

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.

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Collections

Troutman Sanders

NOVEMBER 18, 2022

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

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Financial Institution Financial services Government Loans 52

Nerd Wallet

NOVEMBER 18, 2022

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.

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UK debt collections

NOVEMBER 18, 2022

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.

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Debtor Education Bankruptcy Collections 52

Nerd Wallet

NOVEMBER 18, 2022

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.

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Trade 74

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

Taurus Collect

NOVEMBER 18, 2022

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.

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Nerd Wallet

NOVEMBER 18, 2022

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.

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Retail 71

Collection Industry News

NOVEMBER 18, 2022

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.

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Nerd Wallet

NOVEMBER 18, 2022

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.

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Collections

Collection Industry News

NOVEMBER 18, 2022

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.

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Healthcare Collections 40

Nerd Wallet

NOVEMBER 18, 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 it’s about investing for the future or earning more money, there’s only so long a human being can.

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Education 70

CSA

NOVEMBER 18, 2022

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

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Nerd Wallet

NOVEMBER 18, 2022

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.

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Retail 69

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.

Troutman Sanders

NOVEMBER 18, 2022

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

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Government Trade Financial services Banks 52

Nerd Wallet

NOVEMBER 18, 2022

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.

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Personal loans Loans 52

NACM

NOVEMBER 18, 2022

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

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