Mon.Mar 06, 2023

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Appeals Court Overturns Dismissal of FDCPA Suit

Account Recovery

There is a lot of background details to unpack here and I will try to get them all, but this may be one of those cases where you need to read the full ruling to get all the information you’re going to need to fully understand what is going on. The Court of Appeals for … The post Appeals Court Overturns Dismissal of FDCPA Suit first appeared on AccountsRecovery.net.

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10 Reasons Why You Should Sign Up for Credit Repair Today

Credit Corp

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] Your credit score is one of the most important numbers you have. A high score can open doors for you and increase your chances of obtaining the things you want. However, a low credit score can make it nearly impossible for you to secure a loan.

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Compliance Digest – March 6

Account Recovery

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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How to Build Credit With No Credit History

Credit Corp

Quick answer: You can try joining a credit union, signing up for a starter credit card, getting a credit card through your current bank, applying for a secured credit card, becoming an authorized user on another person’s account or taking out a credit builder loan. Make sure to check your credit score and credit report for a complete picture of your current credit.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Judge Grants MTD in FCRA Case Over Charged Off Status of Settled Debt

Account Recovery

The codes and terms used when furnishing debt sometimes can mean more than one thing and can trip up even the savviest of credit reporting experts. But that doesn’t mean that they are inaccurate. A District Court judge in Nevada has granted a defendant’s motion to dismiss a Fair Credit Reporting Act case, ruling that … The post Judge Grants MTD in FCRA Case Over Charged Off Status of Settled Debt first appeared on AccountsRecovery.net.

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Consumers Making Adjustments to Credit Card Habits; Savings Barely Able to Cover Balances for Some Groups

Account Recovery

Consumers with issues paying their bills every month are carrying balances on their credit cards equal to 157% of their savings — meaning even if they used their savings to pay down all of their credit card bills, they would still not be able to pay them off in full — yet another sign of … The post Consumers Making Adjustments to Credit Card Habits; Savings Barely Able to Cover Balances for Some Groups first appeared on AccountsRecovery.net.

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Smart Money: How to Leverage Inflation for Your Benefit

Nerd Wallet

Jae Bratton writes for NerdWallet. Email: jbratton@nerdwallet.com. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: How to Leverage Inflation for Your Benefit originally appeared on NerdWallet.

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Daily Digest – March 6. Appeals Court Overturns Dismissal of FDCPA Suit; Judge Grants MTD in FCRA Case Over Status of Debt

Account Recovery

APPEALS COURT OVERTURNS DISMISSAL OF FDCPA SUIT There is a lot of background details to unpack here and I will try to get them all, but this may be one of those cases where you need to read the full ruling to get all the information you’re going to need to fully understand what is … The post Daily Digest – March 6. Appeals Court Overturns Dismissal of FDCPA Suit; Judge Grants MTD in FCRA Case Over Status of Debt first appeared on AccountsRecovery.net.

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Venmo Taxes: How to Tell Whether You Owe Money

Nerd Wallet

Andy Rosen writes for NerdWallet. Email: arosen@nerdwallet.com. Twitter: @[link] The article Venmo Taxes: How to Tell Whether You Owe Money originally appeared on NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.

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California Federal Court Partially Denies Motion for Judgment on the Pleadings in FDCPA and TCPA Case Over Collection Texts

Troutman Sanders

A district court in the Northern District of California recently denied in part a motion for judgment on the pleadings in a case alleging violations of the Telephone Consumer Protection Act (TCPA), Fair Debt Collection Practices Act (FDCPA), and California’s Rosenthal Act involving collection texts sent to a consumer. In Ronald Cupp v. First National Collection Bureau, Inc.

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Should You Get a Home Improvement Loan From Your Contractor?

Nerd Wallet

Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com. The article Should You Get a Home Improvement Loan From Your Contractor? originally appeared on NerdWallet.

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CFPB Takes Aim at Fees and Customer Service Issues for Prepaid Cards that Deliver Public Assistance Benefits

Troutman Sanders

On March 1, the Consumer Financial Protection Bureau (CFPB) issued an issue spotlight highlighting concerns about prepaid card programs for accessing public assistance benefits. In particular, the spotlight notes “specific recurring issues” related to cash assistance benefits including Social Security, Temporary Assistance for Needy Families (TANF), and unemployment benefits that are provided on prepaid cards.

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Turkish Airlines vs. Lufthansa

Nerd Wallet

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article Turkish Airlines vs. Lufthansa originally appeared on NerdWallet.

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ERM Program Fundamentals for Success in the Banking Industry

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?

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Tired of wasting money on collection agencies for your business debt?

Collections Law

If you’ve already contacted your delinquent debtor to persuade them to pay but they won’t, you don’t need a collection agency. All a collection agency can do for you is contact the debtor over and over until something happens. That’s no way to get paid. At the Law Offices of Alan M. Cohen LLC, we don’t just take the next step and get a judgment. We take all the steps until either you get paid or no one could get you paid.

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How to Buy the Best Budget Laptop

Nerd Wallet

Tommy Tindall writes for NerdWallet. Email: ttindall@nerdwallet.com. The article How to Buy the Best Budget Laptop originally appeared on NerdWallet.

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No more hassle: Tamsey Makes Money Transfers Simple

TAMSEY

It can be frustrating to send and receive money across borders. The process can be time-consuming, complicated, and expensive, which is why we’re excited to introduce Tamsey – the hassle-free solution to your money transfer needs. With Tamsey, you can easily and securely transfer money to your loved ones in minutes without worrying about hidden fees or complicated procedures.

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Can You Bring Food and Other Consumables on a Cruise?

Nerd Wallet

Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com. The article Can You Bring Food and Other Consumables on a Cruise? originally appeared on NerdWallet.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

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.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities State Activities Federal Activities: On March 2, Chairman of the House Financial Services Committee Patrick McHenry (R-NC) and Senator Cynthia Lummis (R-WY) issued a letter to the Board of Governors of the Federal Reserve System (Fed), the Office of Comptroller of the Currency (OCC