Account Recovery
AUGUST 7, 2020
TransUnion is currently fielding its 2nd annual third-party collections industry survey. The collections industry has endured unprecedented challenges — insights gained from the survey will serve as a benchmark for how communications and technology are changing, the extent to which the fallout from the COVID-19 pandemic is reshaping the industry, and other key trends.
Enterprise Recovery
AUGUST 7, 2020
No matter the type or size of your business, accounts receivable and collections is a valuable part of your operations and cash flow. B2B (business-to-business) accounts receivable and collections, however, is very different than B2C (business-to-consumer) for a number of reasons. In this post, we will uncover the differences between these two types of businesses and how their receivables and collections processes are different.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Account Recovery
AUGUST 7, 2020
A District Court judge in New York has agreed to adopt a Magistrate Judge’s recommendation that a defendant’s motion for judgment on the pleadings be granted after it was sued for violating the Fair Debt Collection Practices Act because it allegedly did not properly identify the creditor to whom a debt was owed in a … The post Judge Grants Motion for Defense in FDCPA Case Over Name of Current Creditor in Letter appeared first on AccountsRecovery.net.
Nerd Wallet
AUGUST 7, 2020
Moving is stressful enough without throwing a pandemic into the mix. Many Americans may be forced to consider moving as federal foreclosure and eviction moratoriums expire. In the first week of July, 32% of Americans did not make a full, on-time housing payment, according to a nationally representative survey by the website Apartment List. Others. Amrita Jayakumar is a writer at NerdWallet.
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
AUGUST 7, 2020
Capital One Bank has been fined $80 million by the Office of the Comptroller of the Currency for its failures that resulted in a data breach that compromised the personal information of more than 100 million of the bank’s customers. A former employee of Amazon Web Services has been charged in the hack, and remains … The post Cap One Fined $80M by Regulator for Data Breach appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
AUGUST 7, 2020
NYC PUBLISHES FAQ TO HELP COMPLY WITH LANGUAGE ACCESS RULE The New York City Department of Consumer Affairs has issued its long-awaited Frequently Asked Questions related to a new Language Access rule that went into effect in late June and will begin being enforced later this month. A copy of the rules can be accessed … The post Daily Digest – August 7.
Jimerson Firm
AUGUST 7, 2020
On July 1, 2020, the Uniform Commercial Real Estate Receivership Act (“Act”) became law in Florida as part of the newly created Chapter 714 of the Florida Statutes. The Act codifies existing common law in Florida regarding the right to have a receiver appointed by the court in commercial foreclosure actions, and provides much needed clarity, predictability, and uniformity on the standard for the appointment of a receiver and the powers of receivers.
Account Recovery
AUGUST 7, 2020
The New York City Department of Consumer Affairs has issued its long-awaited Frequently Asked Questions related to a new Language Access rule that went into effect in late June and will begin being enforced later this month. A copy of the rules can be accessed by clicking here. Among the areas that are clarified by … The post NYC Issues FAQ to Help Comply With Language Access Rule appeared first on AccountsRecovery.net.
Nerd Wallet
AUGUST 7, 2020
Caesars Rewards is the loyalty program for Caesars Entertainment, the owner of global brands such as Harrah’s, Horseshoe and Caesars Palace. Known most widely for casinos in Las Vegas and Atlantic City, it also operates in 12 other U.S. states and internationally. You can earn points for gambling and spending on the properties, then turn. Michael Friedman is a writer at NerdWallet.
Advertisement
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.
Account Recovery
AUGUST 7, 2020
A survey of individuals from across the United States has revealed the lengths that people have gone to in order to make ends meet during the coronavirus pandemic, which offers a glimpse into how the country is managing its finances and illustrates the full impact of the pandemic, especially on those who do not make … The post Survey Reveals How Consumers Are Cutting Corners to Make Ends Meet During Pandemic appeared first on AccountsRecovery.net.
Nerd Wallet
AUGUST 7, 2020
You never want to have to make an insurance claim, but if you do, you’ll at least get reimbursed for every penny you had to spend, right? Not quite. Before your insurance company pays you anything, it’s going to subtract your insurance deductible, meaning that some money will likely come out of your pocket. But. Doug Sibor is a writer at NerdWallet.
PBWT
AUGUST 7, 2020
In an appeal of a bankruptcy court’s decision, a district court judge recently addressed the treatment of the “straddle year” for federal income tax under the Bankruptcy Code, which “does not appear to have been decided by any appellate court.” In re Affirmative Ins. Holdings Inc. United States v. Beskrone , No. 15-12136-CSS, 2020 WL 4287375, at *1 (D.
Nerd Wallet
AUGUST 7, 2020
There are few credit cards available that make sense for almost every traveler. But the IHG® Rewards Club Premier Credit Card might just be one of those cards. For just an $89 annual fee, cardholders get IHG Platinum Elite status, a free night each cardholder anniversary and — our favorite perk as you’ll see below — a. JT Genter is a writer at NerdWallet.
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?
Better Credit Blog
AUGUST 7, 2020
If you forget to pay a bill, you may begin to hear from a debt collection agency called Credit Control Corp. Credit Control Corp is a debt collection company that collects payment on your debt on behalf of the original creditor. They do this by employing a number of questionable tactics, such as bombarding you with phone calls and threatening you for payment.
Public Citizen
AUGUST 7, 2020
Guest post by Neil Sobol: As part of an article in which I advocate for the incorporation of consumer law issues in first-year law classes, I requested my research assistant, Spencer Lockwood, to update the consumer law offerings chart reported in Jeff Sovern's post in 2019. Spencer surveyed 201 ABA accredited law schools via their websites.
Direct Recovery
AUGUST 7, 2020
Now that we are more than a few months into the coronavirus pandemic of 2020, we can already begin to see just how devastating the impact has been on our local economies. California has seen the number of residents claiming unemployment benefits rise from about 350,000 in March to a high of 4.8 million in May before settling in around 2.9 million throughout June and July.
Better Credit Blog
AUGUST 7, 2020
A lot of things can impact your credit score, from your payment history to the amount of available credit you use. Another action that influences your score is applying for a line of credit. Whether you’re in the market for a mortgage, auto loan, or credit card, your application can result in a hard inquiry on your credit report, which can damage your credit score for years.
Advertisement
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.
Burr Forman
AUGUST 7, 2020
On August 4, the Small Business Administration (“SBA”) released an initial set of frequently asked questions regarding the forgiveness of paycheck protection program (“PPP”) loans (the questions, the “Forgiveness FAQs”). The SBA explicitly provides that both borrowers and lenders may rely on the guidance in the Forgiveness FAQs, in consultation with the applicable law and related regulations.
Better Credit Blog
AUGUST 7, 2020
If you have begun to hear from USCB America, you likely have an unpaid debt that is hanging over your head. This means that USCB America has opened a collections account on your credit report and is attempting to collect payment. Not only is USCB America unpleasant to deal with, but their entry on your credit report can hurt your credit score for years to come.
Fico Collections
AUGUST 7, 2020
Turkish banks are engaged in a debate about how far they will go in using biometrics to identify new customers when they open accounts, an important enabler of digital account opening. Indications from the Turkish regulator in March 2020 seem to be supportive, and legal interpretation is ongoing. While some banks are pressing ahead and realizing the benefits of digital account opening, others are taking a more measured approach.
Better Credit Blog
AUGUST 7, 2020
If you have been contacted by a company called Professional Finance Company, you are probably being pursued for an old unpaid debt. This can make for unpleasant interactions with creditors and constant harassment for payment. Having a collection account on your credit report for an unpaid debt can damage your credit score for up to seven years, even after you pay it.
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.
TCPA
AUGUST 7, 2020
As we previewed recently, the FCC adopted a set of rule amendments through a Third Report and Order for its “call blocking by default” framework on July 16, 2020.
Better Credit Blog
AUGUST 7, 2020
Are you getting calls or letters from Reliant Capital Solutions? When a debt collection agency contacts you, it also does damage to your credit score. While owing money to a debt collector can harm your credit score and confronting the agency might seem like a daunting task, there’s no need to worry. Using the information below, you can remove Reliant Capital Systems from your credit report, stop their calls, and improve your credit score.
Burr Forman
AUGUST 7, 2020
On August 4, the Small Business Administration (“SBA”) released an initial set of frequently asked questions regarding the forgiveness of paycheck protection program (“PPP”) loans (the questions, the “Forgiveness FAQs”). The SBA explicitly provides that both borrowers and lenders may rely on the guidance in the Forgiveness FAQs, in consultation with the applicable law and related regulations.
NACM
AUGUST 7, 2020
The Dodge Momentum Index recorded its first increase in 2020. According to Dodge Data & Analytics, the index increased 3.4% in July, but it has declined 18% since December. The commercial building component increased 5.3%, while the institutional building component saw no change.
Advertisement
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.
Expert insights. Personalized for you.
246 
Let's personalize your content