Account Recovery

NOVEMBER 12, 2021

Mortgage servicers, your time is up. The 18 months that you have been given to adjust your operations in order to work with individuals who have been affected by the COVID-19 pandemic and “develop robust business continuity and remote work capabilities” are enough that state ad federal regulators have come together and announced that the … The post Regulators Announce End to Servicers’ Pandemic ‘Temporary Flexibility’ appeared first on AccountsRecovery.net.

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Credit Unions Credit Unions 246

Enterprise Recovery

NOVEMBER 12, 2021

If you're looking for a positive way to reach out to your clients, a survey may be the way to go. There's lots of available survey research but this post will narrow it down to some best practices and questions to include. Increase client loyalty with these survey questions.

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Account Recovery

NOVEMBER 12, 2021

JUDGE GRANTS DEFENDANT’S MOTION FOR JUDGMENT IN FCRA, FDCPA CASE Is it possible for an individual to sue a debt collector for violating the Fair Credit Reporting Act and Fair Debt Collection Practices Act for allegedly attempting to collect a debt that the individual believes he did not owe, when the individual took no action … The post Daily Digest – November 12.

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Judgment Fair Debt Collection Debt collector Collections 246

American Profit Recovery

NOVEMBER 12, 2021

By Joe: One of the best benefits at American Profit Recovery is our flex time policy. The reason why I love flex time is that when I take paid time off, I get to use it for the things I enjoy. For example, (pre-Covid-19) I saw a $300.00 flight to Europe was available and bought the ticket. I had more than enough paid time off available for this trip due to being able to use flex time for other obligations.

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Debt collector 158

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 12, 2021

The defendant in the Hunstein case has filed a motion with the Eleventh Circuit Court of Appeals seeking an extension to file its petition for an en banc rehearing and asked the Court to withhold issuing a mandate in the case as part of its attempt to overturn the ruling. A copy of the motion … The post Defendant in Hunstein Case Asks for Extension to File En Banc Petition appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

NOVEMBER 12, 2021

Is it possible for an individual to sue a debt collector for violating the Fair Credit Reporting Act and Fair Debt Collection Practices Act for allegedly attempting to collect a debt that the individual believes he did not owe, when the individual took no action against the original creditor for placing the allegedly illegitimate debt … The post Judge Grants Defendant’s Motion for Judgment in FCRA, FDCPA Case appeared first on AccountsRecovery.net.

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Judgment Fair Debt Collection Debt collector Original Creditor 243

Troutman Sanders

NOVEMBER 12, 2021

In Reddick v. Capouano, Beckman, Russell & Burnett LLC , the Court of Appeals for the Eleventh Circuit recently affirmed defendant law firm Capouano, Beckman, Russell & Burnett LLC’s (Firm) motion for summary judgment involving an alleged violation of the Fair Debt Collection Practices Act (FDCPA). In its holding, the Eleventh Circuit found no violation of the FDCPA when the defendant law firm moved to collect a debt within the applicable statute of limitations period.

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Judgment Law Firms Fair Debt Collection Collections 98

Account Recovery

NOVEMBER 12, 2021

There isn’t a state in the country that is adequately protecting families from debt collectors, debt buyers, and creditors with exemption laws, allowing individuals to keep some of their assets or paychecks when a garnishment order or judgment is awarded, according to a report issued this week by the National Consumer Law Center. The report … The post NCLC Report Rates States on Exemption Laws appeared first on AccountsRecovery.net.

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Garnishment Debt collector Judgment Creditors 238

Nerd Wallet

NOVEMBER 12, 2021

In another clear sign that the nation’s economy is returning to pre-COVID levels of activity, the number of new credit accounts being opened is on par with where it was before the pandemic set in. U.S. consumers were approved for 217 million new credit accounts in the third quarter of 2021, according to data released. Sally French writes for NerdWallet.

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Loans 95

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Collections

FFGN COLLECT NY

NOVEMBER 12, 2021

Effective January 1, 2022, the jurisdictional limit of the New York civil courts will increase from $25,000 to $50,000. On its face, the availability of a lower-cost court to adjudicate claims which fall within the $25,000 to $50,000 sounds appealing. The cost outlay is significantly lower in the civil court compared to the supreme court. For example, the initial fee for an index number in the supreme court is $210 whereas it is $45 for commercial claims and $140 for consumer credit transactions

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Creditors Judgment Debtor Consumer Credit 97

Nerd Wallet

NOVEMBER 12, 2021

Holiday shoppers, prepare to be bombarded with social media ads — and scams. Highly targeted advertising on social media sites like Instagram and Facebook makes it easier than ever for brands to get in front of their target market. But these ads also make it easier for shady brands to dupe eager scrollers and shoppers. Kelsey Sheehy writes for NerdWallet.

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Hudson Weir

NOVEMBER 12, 2021

In recent articles we’ve covered insolvency in great detail, but what is bankruptcy and is it any different? In recent years, the bankruptcy rate in the UK increased steadily. Then the trend reversed in 2020, attributed to temporary financial measures implemented by the government due to COVID-19. These measures were lifted in September 2021. So, what is bankruptcy exactly?

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Bankruptcy Lender Creditors Government 52

Nerd Wallet

NOVEMBER 12, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Black Friday deals are calling. Should you answer? With a semiconductor chip shortage impacting smartphone prices.

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Retail 94

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

Troutman Sanders

NOVEMBER 12, 2021

Last month, industry saw the Consumer Financial Protection Bureau (CFPB) issue a number of compliance aids in anticipation of two CFPB Debt Collection Final Rules becoming effective on November 30. On October 1, the CFPB issued the Debt Collection Rule FAQs , which contained questions and answers pertaining to limited-content messages and telephone call frequency.

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Debt collector Collections Lender 52

Nerd Wallet

NOVEMBER 12, 2021

Shop Pay is a payment service provider that lets customers save their email address, credit card and shipping and billing information so that checkout on a business’s website is faster. What is Shop Pay? Owned by Shopify, Shop Pay is an online checkout system that small businesses can use to help customers pay faster by. Tina Orem writes for NerdWallet.

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Better Credit Blog

NOVEMBER 12, 2021

If you’re in the market to buy a vehicle, a car loan is one option for financing your purchase. Here, we’ll cover the steps you need to take for a successful application and what you need to know about your credit score when applying for this loan type. The Basics. A car loan is secured against the vehicle you’re hoping to buy. If you don’t make timely and complete repayments, the lender can take back the vehicle.

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Loans Lender Credit Unions Credit Unions 52

Nerd Wallet

NOVEMBER 12, 2021

Paying off a loan is a major milestone. Whether you’ve finally cleared your student debt, paid off a home improvement loan or own your car outright, making your last loan payment calls for celebration. But before the balance hits zero, there are a few things to know and prepare for, including: Your credit score could. Annie Millerbernd writes for NerdWallet.

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Loans Personal loans 77

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Collections

Burr Forman

NOVEMBER 12, 2021

On November 10th, the Safer Federal Workforce Task Force (“Task Force”) updated its Guidance for Federal Contractors (“Guidance”). As discussed in earlier updates, all federal contracts meeting certain criteria issued after November 15th incorporate the Guidance through FAR Clause 52.223-99 (Deviation) or an agency-specific version of it. What Do I Need to Know?

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Nerd Wallet

NOVEMBER 12, 2021

Medigap Plan C is one of 10 Medicare Supplement Insurance plans that assist with some out-of-pocket expenses not met by Original Medicare. However, Plan C is no longer available to most new enrollees. If you are new to Medicare and aren’t eligible for Plan C, there are other Medigap alternatives for you. Here’s how Medigap plans work: Jason Jenkins writes for NerdWallet.

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Nerd Wallet

NOVEMBER 12, 2021

With its longer list of perks — and a $395 annual fee — the new Capital One Venture X Rewards Credit Card is taking a seat at the table with other big players in the premium travel rewards credit card market. Here’s what you’d get with this card: Welcome offer and ongoing rewards: Earn 100,000 bonus miles when. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.

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Nerd Wallet

NOVEMBER 12, 2021

GET READY FOR STUDENT LOAN REPAYMENT February’s coming: What to know as payments restart My payment is how much?!: Get lower student loan bills Sick of student loans?: How to pay off debt faster Reach life milestones: Pay off loans or buy a house? While some student loan borrowers want to lower their monthly payments. Cecilia Clark writes for NerdWallet.

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Student loans Student Loans Loans 64

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.

Nerd Wallet

NOVEMBER 12, 2021

There’s nothing quite like a Disney park. Whether you’re visiting the original Disneyland or have been swept away by the multiple parks at Disney World, these amusement parks set the standard for creativity and immersion. Another way Disney sets the standard? Its pricing. Nowadays, a single-use ticket tops well over a hundred dollars per person. Carissa Rawson writes for NerdWallet.

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