American Profit Recovery
JULY 14, 2020
By Derek: Approximately four months ago, our company made the decision to close the office due to Covid-19, and provide all the employees with computers so they could continue to work from home. It was a drastic change at the time. Everyone was uncertain of what the future held for us, as well as what issues may arise from the switch to working from home.
Credit Corp
JULY 14, 2020
What do you need your credit score for? In a nutshell, a lot. Credit cards, loans, mortgages, APR, even renting an apartment—whether or not you qualify is based largely on your credit score. If your credit is less-than-ideal, you know it can make your life just that much harder. Having a bad credit score can hold you back. It can keep you from feeling in control of your life.
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PDC Flow
JULY 14, 2020
What will the Seila decision mean for the ARM industry and the pending debt collection rule? The only concrete takeaway from last month’s Supreme Court decision in the case of the Consumer Financial Protection Bureau (CFPB or Bureau) v. Seila was that the CFPB remains a federal independent agency whose director will now answer to the President. What is still unknown is the status of past CFPB actions like supervision, enforcement and rulemaking, especially the debt collection rule, which was sti
Consumer Finance
JULY 14, 2020
The Consumer Financial Protection Bureau filed a lawsuit against Townstone Financial, Inc., a nonbank retail-mortgage creditor based in Chicago, for violations of the Equal Credit Opportunity Act; its implementing regulation, Regulation B; and the Consumer Financial Protection Act.
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.
Better Credit Blog
JULY 14, 2020
When you apply for a loan or bank card, the lender will request a copy of your credit report to evaluate your risk. By applying for the loan in the first place, you are authorizing the lender to receive a copy of your credit report from one of the three major credit bureaus. Each time this happens, it is known as a credit inquiry and can affect your credit score.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Better Credit Blog
JULY 14, 2020
It’s a situation that no one wants to be in. You’re getting phone calls and letters from a company demanding that you make payments on an old debt. You may not even remember having the debt in the first place. But one thing is clear; this company is not going anywhere. First Financial Asset Management is one such company that may come after you for an old debt.
Public Citizen
JULY 14, 2020
Law prof Mark Budnitz has written The Restatement of the Law of Consumer Contracts: The American Law Institute's Impossible Dream. Here is the abstract: The American Law Institute has been attempting to write a Restatement of the Law of Consumer Contracts since 2012. The proposed Restatement has gone through ten drafts and has generated considerable controversy among the ALI membership as well as opposition from both consumer advocacy organizations and business associations.
Better Credit Blog
JULY 14, 2020
If you have noticed a company called Hunter Warfield to appear on your credit report, you are probably being pursued for an old debt. You may be tempted to make payments to get Hunter Warfield off your back, but this could end up hurting you more than it will help you. Collection accounts on your credit report can damage your credit score for up to seven years, even if you pay them off.
Better Credit Blog
JULY 14, 2020
When you apply for a mortgage, your credit history will play a major role in deciding the type and amount of home loan you’re eligible for. Mortgage lenders will take a look at more than just your credit score, utilizing what’s known as a tri-merge credit report to gauge your credibility. The report is essentially a combination of your reports from each of the three major credit agencies.
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