Account Recovery
FEBRUARY 25, 2022
The Attorney General of Washington has filed a lawsuit against a hospital network for failing to ensure that certain patients were legally eligible for charity care and “aggressively” collecting $70 million from those individuals. The complaint was filed against Swedish Health Services and Providence Health & Services-Washington and accuses them of violating state law in … The post Wash.
Enterprise Recovery
FEBRUARY 25, 2022
As if starting and running a successful business isn't challenging enough, sometimes life throws curveballs. Whether it be illness, an accident, world events, or caring for family, entrepreneurs must prioritize their health and well-being. These practices can also be expanded to form a well-being program to include the employees who keep your growing business afloat.
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Account Recovery
FEBRUARY 25, 2022
JUDGE GRANTS MSJ FOR DEFENDANT IN TCPA ATDS CASE A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid … The post Daily Digest – February 25.
Nerd Wallet
FEBRUARY 25, 2022
Access to affordable capital is essential to running a small business. Still, the process of applying for a business loan can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not. Randa Kriss writes for 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
FEBRUARY 25, 2022
A class-action complaint has been filed in federal court in Florida accusing a collector of violating the Fair Debt Collection Practices Act by requiring that the plaintiff include a reason why a debt was being disputed when disputing a debt during a phone call with a representative of the defendant. A copy of the complaint … The post Plaintiff Accuses Collector of Requiring Reason for Dispute in FDCPA Class Action 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
FEBRUARY 25, 2022
A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid debt after he had revoked consent to be contacted. … The post Judge Grants MSJ for Defendant in TCPA ATDS Case appeared first on AccountsRecovery.net.
Nerd Wallet
FEBRUARY 25, 2022
Sure, thousands of credit cards offer cash back or travel rewards, but a smaller subset of cards are designed to speak to your passions. They may not be as rewarding as some of the more conventional credit cards available, but what you’ll lack in points, you’ll make up for in heart. In some cases, these. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.
Account Recovery
FEBRUARY 25, 2022
Defaulting on payments and ending up in debt collection is the fourth-most popular regret among consumers with respect to their financial situations, according to the results of a poll commissioned by TrueAccord, which it released earlier this week. The poll also revealed that Americans are carrying about $3,000 worth of credit card debt each, on … The post Consumers Share Financial Regrets, Details about Credit Card Debt appeared first on AccountsRecovery.net.
Nerd Wallet
FEBRUARY 25, 2022
Citi ThankYou Points are a valuable currency when it comes to credit card rewards. Depending on the credit card you hold, the points can be used as cash back, transferred to partners or redeemed for travel in the Citi ThankYou Rewards Travel Center. Although you can sometimes extract a higher value by transferring Citi ThankYou. Anya Kartashova writes for NerdWallet.
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Troutman Sanders
FEBRUARY 25, 2022
On February 22, the Fourth Circuit clarified in a published opinion what communications constitute a qualified written request (QWR) under the Real Estate Settlement Procedures Act (RESPA). The Fourth Circuit held that “where a written correspondence to a loan servicer provides sufficient information to identify the account and an alleged servicing error, such correspondence is a QWR for the purpose of RESPA and Regulation X.”.
Nerd Wallet
FEBRUARY 25, 2022
If you regularly fly with American Airlines and you’re in the market for a new credit card, you may be wondering if an American credit card is worth it. Many American loyalists find the airline’s credit cards to be valuable. There are several credit card options, which means you can choose the right card for. Meg Lee writes for NerdWallet. Email: mlee@nerdwallet.com.
Public Citizen
FEBRUARY 25, 2022
The LA Times and Ralph Nader have already written about it. Here's the press release, which includes links: Hacked by Big Corporations, America’s Civil Justice System Has Crashed, Consumer Advocates Say. Report Details Impact on Consumers – and Democracy – of Corporate Attack on the Rule of Law, Proposes New Protections and Legal Procedures.
Nerd Wallet
FEBRUARY 25, 2022
If you’re Las Vegas-bound, there is more to do than just entertainment and casinos. Glittering hotels with swimming pools, spas and shopping are all on the horizon — or as many like to call it, the Las Vegas Strip. “Sin City” has it all, from enormous hotels that sprawl like cities to lakefront resorts and. Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com.
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?
Hudson Weir
FEBRUARY 25, 2022
We’re often asked here at Hudson Weir, “what is personal insolvency?”. There are often misconceptions when it comes to insolvency – in part due to terminology, with terms such as debt and bankruptcy used inaccurately and interchangeably. There can also be confusion between company insolvency and personal insolvency. There needn’t be, though. Read on for our explanation of what personal insolvency is.
Nerd Wallet
FEBRUARY 25, 2022
Our Take The bottom line: Best for people who do not need to use their vehicle as a trade-in for another car, or who have an unusual or damaged vehicle. Key facts Offers are good for 24 hours and are negotiable. No charge to pick up your car. Current loan or negative equity are. Karen Aho writes for NerdWallet. Email: articles@nerdwallet.com. The article GivemetheVIN Review 2022: Sell Your Car originally appeared on NerdWallet.
Troutman Sanders
FEBRUARY 25, 2022
The Northern District of California has approved a $53 million settlement to be paid by the Federal National Mortgage Association (Fannie Mae) to resolve racial discrimination claims concerning Fannie Mae’s management and marketing of real estate-owned (REO) properties. In 2016, multiple nonprofit housing organizations filed a complaint against Fannie Mae, alleging that the organization failed to maintain foreclosed properties in Black and Latino neighborhoods to the same quality and standards a
Nerd Wallet
FEBRUARY 25, 2022
Cigna is the fourth-largest insurer in the country [1]. The company offers Medicare Supplement Insurance, or Medigap, in 48 states and Washington, D.C. Cigna offers Medigap Plan A, Plan G and Plan N for any Medicare member, plus Plan F for those who qualify. The company’s premiums aren’t the lowest, but it devotes a higher-than-average. Alex Rosenberg writes for NerdWallet.
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Fico Collections
FEBRUARY 25, 2022
A cross-party Treasury Select Committee has called on the UK government to do more to ensure that the victims of authorised push payment scams are reimbursed. Since May 2019, major UK banks have participated in a voluntary code - the Contingent Reimbursement Model (CRM), designed to provide funds back to the victims of authorised push payment fraud or APP fraud.
Collection Industry News
FEBRUARY 25, 2022
Source- site. U.S. Rep. Al Lawson , D-Fla., brought back his “ Small Business Fair Debt Collection Protection Act ” which he has championed in recent years. The bill extends protections under the Fair Debt Collection Practices Act (FDCPA) to small businesses with loans or obligations that are less than $5 million so that debt collectors have more limits on what they can do to collect these debts.
Troutman Sanders
FEBRUARY 25, 2022
On February 24, the Consumer Financial Protection Bureau (CFPB or Bureau) released a blog post , outlining multiple auto lending topics in the wake of rising vehicle prices. According to Bureau of Labor Statistics data , the consumer price index has risen 40% for used cars and trucks and 12% for new cars since January 2021. As a result of these increases, the CFPB expects the total amount of debt and average loan size to continue to rise.
Collection Industry News
FEBRUARY 25, 2022
Source- site. Partnerships with state attorneys general will expand collaborative information-sharing agreements and illegal robocall enforcement between the FCC and agencies across the U.S. Federal Communications Commission Chair Jessica Rosenworcel recently welcomed new state law enforcement leaders to the agency’s growing list of illegal robocall enforcement partnerships, according to a news release.
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
FEBRUARY 25, 2022
In December 2021, a federal judge granted a motion for summary judgment in Mitchell v. Specialized Loan Servicing LLC , holding that defendant Specialized Loan Servicing LLC (Specialized Loan) properly reported plaintiff Eric Mitchell’s (Mitchell) loan status by using a designation indicating “no payment history available this month.” The court held that this designation complied with a recent provision in the CARES Act, which, depending on the circumstances, requires furnishers to report a cred
Collection Industry News
FEBRUARY 25, 2022
Source- site. A stealth tax on students in England, said Labour of the government’s planned reforms of student financing, and that is indeed what it amounts to. A complicated one, for sure, with some sugar to help the medicine go down. Annual fees will be frozen at £9,250 for another two years and student loan interest rates are being cut to match the retail price index (RPI).
Collection Industry News
FEBRUARY 25, 2022
Source- site. The U.S. Court of Appeals for the Eighth Circuit recently reversed a trial court’s judgment in favor of a consumer for claims of alleged violation of the federal Fair Debt Collection Practices Act, finding that the consumer lacked Article III standing to bring his claim in federal court as the consumer failed to allege or later show a concrete injury in fact.
Collection Industry News
FEBRUARY 25, 2022
Source- site. In a new blog post today, the CFPB signaled that it intends to increase its focus on the auto lending market. The bureau noted that prices for new and used cars have increased significantly over the last year, and that “we expect that both the total amount of debt and the average loan size will continue to increase and that larger car loans will put increased pressure on some consumers’ budgets for much of the next decade.”.
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