Account Recovery

APRIL 2, 2021

The FFAM360 Alliance of Companies recently purchased and forgave $90 million dollars of medical debt owed by more than 38,000 patients at a leading cancer treatment center that serves cancer patients across the United States. Understanding the emotional, physical, and financial struggles that accompany a cancer diagnosis, FFAM360 partnered with a non-profit corporation to ensure … The post The FFAM360 Alliance of Companies Forgives $90M of Cancer Treatment Debt During COVID-19 appeared fir

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Enterprise Recovery

APRIL 2, 2021

From HR Tech to other models, businesses are expanding their capabilities by offering their services as a subscription. For the same reason that your customer would hire an employee or purchase a product to take on the responsibility of a certain task, as-a-service models allow them to pay a recurring fee for the same product or service instead. Have you thought about how to capitalize on the subscription model for your business?

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Account Recovery

APRIL 2, 2021

SUPREME COURT ISSUES RULING IN FACEBOOK v. DUGUID The Supreme Court yesterday issued its ruling in Facebook v. Duguid, reversing and remanding the case back to the Ninth Circuit Court of Appeals. The Court, in an unanimous opinion, held that an automated telephone dialing service as defined in the Telephone Consumer Protection Act must be … The post Daily Digest – April 2.

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Jimerson Firm

APRIL 2, 2021

Lenders must pay particular attention to subordinate liens and encumbrances prior to initiating any foreclosure action. Lenders can discover whether subordinate liens and encumbrances exist on a property by performing a title examination prior to initiating foreclosure. Failure to discover subordinate liens and encumbrances will cause lenders to mistakenly exclude indispensable parties to the foreclosure proceeding, which can cause headaches for the lender after foreclosure.

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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

APRIL 2, 2021

The Court of Appeals for the Fifth Circuit has upheld a ruling in favor of a credit repair organization that was sued by a debt collector for allegedly perpetrating a fraud by failing to disclose it was sending letters to the collector in its clients names and on their behalves, ruling that the collector did … The post Appeals Court Affirms Ruling for CRO Sued by Collectors For Allegedly Sending Fraudulent Disputes appeared first on AccountsRecovery.net.

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Account Recovery

APRIL 2, 2021

A federal judge in California has approved a $1.1 million settlement in a class-action lawsuit in which a debt collector was accused of violating the Fair Debt Collection Practices Act by using false threats of imprisonment to coerce individuals into making payments. A copy of the order approving the settlement in the case of Solberg, … The post Collector Reaches $1.1M Settlement in FDCPA Case appeared first on AccountsRecovery.net.

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PBWT

APRIL 2, 2021

When serving pleadings in an adversary proceeding, you may want to skip the certified option and go with regular first-class mail, or do both. Federal Rule of Bankruptcy Procedure 7004 governs service of process in adversary proceedings. The statute specifically provides for service by first class mail. And while some courts will also permit service of pleadings by certified mail, other courts forbid the use of certified mail.

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Account Recovery

APRIL 2, 2021

The California Supreme Court yesterday overturned a lower court’s ruling, determining that the parties and nonparties must get consent from everyone on a wireless or cellular phone call before making a recording. A copy of the ruling in the case of Smith v. LoanMe can be accessed by clicking here. The plaintiff sued after answering … The post California Supreme Court Overturns Call Recording Ruling appeared first on AccountsRecovery.net.

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Nerd Wallet

APRIL 2, 2021

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate organizations student loan borrowers can look to, like this one. Organization: Student Borrower Protection Center. Mission statement: Student Borrower Protection Center is a nonprofit advocacy organization fighting on behalf of struggling student loan borrowers with the aim of empowering policymakers and.

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Collections

Collection Industry News

APRIL 2, 2021

Source: site. In a case of first impression, the U.S. Court of Appeals for the Ninth Circuit held that a debt collector’s mistake about the time-barred status of a debt under state law can qualify as a bona fide error within the meaning of the Fair Debt Collection Practices Act. In Kaiser v. Cascade Capital, LLC , after an Oregon state court dismissed a collection lawsuit filed against the plaintiff by the defendants because it was barred by the state’s four-year statute of limitations (SOL) f

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Nerd Wallet

APRIL 2, 2021

With the potential to earn 4x Membership Rewards points in bonus categories, the American Express® Business Gold Card can be an incredibly rewarding credit card for business owners. The card also comes with a handful of travel benefits to help offset the $295 annual fee. Terms apply. Here is a breakdown of the well-known and. Rand Shoaf writes for NerdWallet.

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Troutman Sanders

APRIL 2, 2021

The Sixth Circuit recently confirmed student loan servicers, who begin servicing debts after default and resale, are not liable to borrowers under the Fair Debt Collection Practices Act (FDCPA) because the servicers are not acting as “debt collectors.”. On March 25, in Willison v. Nelnet, Inc. , the Sixth Circuit affirmed summary judgment for student loan servicer Nelnet, Inc. on two claims of violating the FDCPA.

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Nerd Wallet

APRIL 2, 2021

BB&T offers three main business checking accounts that cater to small-business owners: Business Value 50, Business Value 200 and Business Value 500. The bank also offers specialized account options for nonprofit organizations, government agencies and businesses with unique financial needs. With over 1,700 branch locations and more than 2,400 ATMs in 15 states and Washington, Randa Kriss writes for 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

Burr Forman

APRIL 2, 2021

Facebook, Inc. v. Duguid, et. al. , No. 19-511, 2021 WL 1215717 (S.Ct. April 1, 2021). On April 1, 2021, the United States Supreme Court released its much anticipated decision addressing the definition the phrase “Automatic Telephone Dialing System” (“ATDS”) used in the Telephone Consumer Protection Act, 47 U.S.C. § 227 (“TCPA”). At issue in the underlying case was whether technology used to send a text message constituted an ATDS.

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Nerd Wallet

APRIL 2, 2021

On March 31, Alaska Airlines joined the Oneworld Alliance — the alliance that American Airlines helped found in 1999. Now that Alaska is part of Oneworld, American and Alaska elite members are guaranteed elite benefits when flying on any Oneworld airline. However, Alaska and American expanded elite benefits beyond the minimum required by the alliance.

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Troutman Sanders

APRIL 2, 2021

On March 22, the Consumer Financial Protection Bureau (Bureau) moved to dismiss a challenge to a final rule it promulgated last summer. But this routine filing was followed by a blog that expressed the Bureau’s intent to address the challenged rule outside of court and clarified that its “brief address[es] only the court’s jurisdiction to hear the case” and “does not address the merits of the underlying rule.”.

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Nerd Wallet

APRIL 2, 2021

BBVA (formerly BBVA Compass) offers three small-business checking accounts: BBVA Business Connect Checking, BBVA Business Choice Checking and BBVA Business Premium Checking. The bank also offers an Interest on Lawyers Trust Account, or IOLTA, for attorneys who need to place client funds in a separate trust account. BBVA allows you to customize your business checking.

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Collections

Troutman Sanders

APRIL 2, 2021

Last week, the Maryland Senate and the House of Representatives each voted unanimously to approve bills that would limit a hospital’s means of collecting past due medical debt. Senate Bill 0514 and House Bill 0565 now move onto the opposite chamber for approval. SB 05014 has already been referred to committee. The bills as originally introduced would have prohibited hospitals from delegating to collections or commencing lawsuits for debts less than $1,000.00 and would have capped interest to 1.5

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Nerd Wallet

APRIL 2, 2021

When you’re looking for a place to relax in the airport, lounges are always a welcome sight. The question is whether you will have access. Some airlines operate their own lounges and charge for membership, while others only permit passengers to enter based upon their elite status or type of ticket. Here’s the guide to. Ramsey Qubein writes for NerdWallet.

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FFGN COLLECT NY

APRIL 2, 2021

Some people believe if they make payment on bills placed for collection they will avoid legal debt collection. Further, the payor believes that their decision to pay amounts at their discretion prevents the creditor from moving forward in the collection process and going “ legal.”. Does paying down a debt mean you get to enjoy “safe harbor” from a creditor’s collection efforts?

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Nerd Wallet

APRIL 2, 2021

It’s usually a bad idea to transfer points between airline and hotel programs, as most often, you lose value in the transfer. One notable exception is the Marriott Bonvoy airline transfer program. Another exception: transferring Avios at a 1:1 ratio between Aer Lingus AerClub, British Airways Executive Club and Iberia Plus. All three of these. JT Genter writes for 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.

Collection Industry News

APRIL 2, 2021

Source: site. CFPB Acting Director Uejio and FTC Acting Chairwoman Slaughter Issue joint statement on preventing illegal evictions. WASHINGTON , DC (March 29, 2021) —. Consumer Financial Protection Bureau Acting Director Dave Uejio and Federal Trade Commission Acting Chairwoman Rebecca Slaughter issued a joint statement regarding their agencies’ work to help stop illegal evictions and protect American consumers facing economic hardship due to COVID-19.

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Nerd Wallet

APRIL 2, 2021

To help student loan borrowers avoid scams, NerdWallet is rounding up information on legitimate sources of help, like this one. Legal representative: Adam S. Minsky, student loan law. Mission statement: Attorney Minsky is dedicated to helping student loan borrowers and their families. Minsky is a licensed attorney in Massachusetts and New York. Location: Boston, Massachusetts.

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Collection Industry News

APRIL 2, 2021

Source: site. The number of people seeking bankruptcy fell sharply during the pandemic as government aid propped up income and staved off housing and student-loan obligations. Bankruptcy filings by consumers under chapter 7 were down 22% last year compared with 2019, while individual filings under chapter 13 fell 46%, according to Epiq data. After holding above 50,000 filings a month in 2019 and in the first quarter of 2020, bankruptcy filings have remained below 40,000 a month since last March

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Troutman Sanders

APRIL 2, 2021

On March 31, the Consumer Financial Protection Bureau (CFPB or Bureau) announced it is rescinding its April 1, 2020 policy statement regarding the Fair Credit Reporting Act (FCRA) and Regulation V following the enactment of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This recission is effective April 1. Background. On March 27, 2020, President Trump signed the CARES Act into law.

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