Account Recovery

JANUARY 13, 2023

An investment company has filed a lawsuit against a disbarred California attorney, accusing him of operating a law firm that represents consumers in lawsuits against debt collectors that has now started diverting revenue in order to “expropriate the lion’s share of proceeds” from a “lucrative debt resolution business.” A copy of the complaint in the … The post Disbarred Attorney Secretly Running Debt Resolution Firm, Not Paying Investors, Suit Alleges first ap

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Law Firms Debt collector 246

Enterprise Recovery

JANUARY 13, 2023

As a business that works with other businesses, the expectation is that they'll pay for the goods and services you're providing. Unfortunately, delinquency and debt in business relationships is a very real, all-to-common problem. If you pay attention, there are glaring red flags that could provide clues that some clients could be problematic. Here are six types of risky B2B client behaviors that might indicate they won't pay on time.

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Collections 212

Account Recovery

JANUARY 13, 2023

It’s a recipe for economic disaster that consumers are whipping up, according to recently released reports. They are charging more money on their credit cards and fewer people are paying the balances off in full every month. While this likely means more accounts and work for companies in the accounts receivable management industry, the question … The post More Consumers Falling Behind, Relying on Credit to Make Ends Meet first appeared on AccountsRecovery.net.

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Accounts Receivables Management 246

Nerd Wallet

JANUARY 13, 2023

Melissa Lambarena writes for NerdWallet. Email: mlambarena@nerdwallet.com. Twitter: @LissaLambarena. The article 5 Tactics to Pay Off Buy Now, Pay Later Debt originally appeared on NerdWallet.

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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

JANUARY 13, 2023

CLASS ACTION ACCUSES COLLECTOR OF USING INACCURATE NAME OF ORIGINAL CREDITOR A class-action complaint has been filed in federal court in Utah against a collection law firm for allegedly violating the Fair Debt Collection Practices Act with its Model Validation Notice, which was not dated, but also because the debt was allegedly purchased before the … The post Daily Digest – January 13.

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Creditors Fair Debt Collection Law Firms Original Creditor 246

Account Recovery

JANUARY 13, 2023

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 Class Action Accuses Collector of Using Inaccurate Name of Original Creditor first appeared on AccountsRecovery.net.

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Original Creditor Creditors 245

Nerd Wallet

JANUARY 13, 2023

Aaron Hurd writes for NerdWallet. Email: ahurd@nerdwallet.com. The article The Best Travel Insurance for Backpackers originally appeared on NerdWallet.

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Account Recovery

JANUARY 13, 2023

One of the big concerns regarding the trend of federal judges dismissing cases because the plaintiff lacked standing to sue in federal court is that those cases would end up being filed in state court, and the decisions might not be as favorable for the defendants. To give everyone a little hope, I give you … The post N.Y. State Court Judge Dismisses FDCPA Case for Lack of Standing first appeared on AccountsRecovery.net.

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Nerd Wallet

JANUARY 13, 2023

Hal M. Bundrick, CFP® writes for NerdWallet. Email: hal@nerdwallet.com. Twitter: @halmbundrick. The article Privacy Hacks May Hurt Your Credit + You Won! Can You Hide? originally appeared on NerdWallet.

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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.

Collections

UK debt collections

JANUARY 13, 2023

Personal debt in the UK has increased massively over 2022 suggests new research. This is mainly due to the cost of living crisis and monthly bills. Unsurprisingly 68% of people reported as feeling ‘stressed’ about finances. Monthly bills are the main cause of increased personal debt and stress for half of the adults living in the UK, with 46% of 25-34-year-olds taking out an additional credit card or loan to cover the increasing cost of living.

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Credit Card Debt Loans Banks Collections 69

Nerd Wallet

JANUARY 13, 2023

JT Genter writes for NerdWallet. Email: travel@nerdwallet.com. The article The Guide to Japan Airlines Premium Economy originally appeared on NerdWallet.

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Troutman Sanders

JANUARY 13, 2023

On January 9, the district court for the Eastern District of New York dismissed a pro se plaintiff’s TCPA lawsuit for failure to properly allege that the defendants used an automatic telephone dialing system (ATDS) when placing calls to the plaintiff. In Kannon v. Warranty Protection Services , the plaintiff alleged that the auto warranty defendants placed a sales call from a spoofed phone number to his cell phone using an ATDS.

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Banks 52

Collections Law

JANUARY 13, 2023

It is extremely frustrating to discover that your debtor owes other people a lot of money. The more debt they have out there, the smaller the slice each creditor can get, right? Not necessarily. If your debtor hasn’t declared bankruptcy, there are several ways we can use to try to get you paid, even if you don’t have collateral or a court judgment yet.

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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

Troutman Sanders

JANUARY 13, 2023

Please join Consumer Financial Services Partner Chris Willis and his colleague Consumer Financial Services Partner David Anthony as they discuss the firm’s seventh annual edition of the Consumer Financial Services Year in Review and a Look Ahead , which offers a 2022 review of regulatory and legal developments in the consumer financial services industry.

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Financial services 52

NACM

JANUARY 13, 2023

? Today's Extra Credit podcast features a NEW host. NACM's Kendall Payton! We are so lucky to have her on our Editorial Team!? This is an episode you won't want to miss! Learn about the latest payment trends from Adam Ross, CCE; Matthew Laux; and Martin Smith with Ash Grove Cement Company.

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Troutman Sanders

JANUARY 13, 2023

Allowable statutory damages under the Telephone Consumer Protection Act (TCPA) have a floor of $500 and, generally speaking, determining total damages is a simple math calculation. In the class action scenario, however, this damages number can become very significant very quickly. But a recent decision by the Ninth Circuit suggests that, in some circumstances, an award can be so large as to be deemed out of bounds.

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