Account Recovery

JANUARY 5, 2023

For those of you who don’t credit report, you might read this sentence until you see that it’s a Fair Credit Reporting Act case and move on to something else more important, but this ruling from the Court of Appeals for the Second Circuit also has bankruptcy implications as well, so it applies to more … The post Appeals Court Affirms Ruling for Defendant in FCRA Case Over Possibly Discharged Debt first appeared on AccountsRecovery.net.

Bankruptcy 246

Bankruptcy 246

American Profit Recovery

JANUARY 5, 2023

By Brian L. The saying goes, “actions speak louder than words” when it comes to showing who you are or what you are capable of accomplishing. In the debt collection industry, words are what speak louder than actions. Your choice of words will determine what actions follow. With conversations being made over the phone, the opportunity is there to build a relationship with a consumer so that both parties can come to an understanding, reaching a resolution that may have been a long time in the mak

Collections 209

Collections 209

Account Recovery

JANUARY 5, 2023

GETTING TO KNOW GREG WOODFORD OF ABSOLUTE RESOLUTIONS CORP. You know you found someone special when they say they got “very lucky” to end up working in the accounts receivable management industry. Greg Woodford even doubles down by saying he would still be a lawyer, if he had the chance to do anything other than … The post Daily Digest – January 5.

Accounts Receivables Management 245

Accounts Receivables Management Lawyers 245

Nerd Wallet

JANUARY 5, 2023

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: Use Your Values to Set Your Goals originally appeared on NerdWallet.

100

100

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 5, 2023

If I am reading this case right — and I will remind you that I am not a lawyer, I just play one on webinars — a District Court judge in Illinois — the home of no standing rulings — has determined a plaintiff has standing in a Fair Debt Collection Practices Act lawsuit against … The post Judge Partially Denies MTD, Rules Plaintiff Has Standing in FDCPA Case Over Phone Calls first appeared on AccountsRecovery.net.

Fair Debt Collection 244

Fair Debt Collection Lawyers Collections Healthcare 244

Account Recovery

JANUARY 5, 2023

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Greg Woodford of

Accounts Receivables Management 244

Accounts Receivables Management 244

Nerd Wallet

JANUARY 5, 2023

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Delta To Offer Free Wi-Fi On Most Domestic Flights originally appeared on NerdWallet.

78

78

Account Recovery

JANUARY 5, 2023

The Consumer Financial Protection Bureau and the Attorney General of New York yesterday filed a lawsuit against an auto lender, accusing it of tricking consumers into high-cost loans on used cars that resulted in unaffordable monthly payments, vehicles being repossessed, and customers facing debt collection lawsuits. A copy of the complaint, filed in the District … The post CFPB, NY AG Sue Auto Lender For Predatory Practices, Aggressive Collection Efforts first appeared on AccountsRecovery

Lender 243

Lender Repossession Collections Loans 243

UK debt collections

JANUARY 5, 2023

Credit card borrowing rose in November to its highest monthly level since 2004 according to latest Bank of England data. The figures showed individuals borrowed an additional £1.5 billion in all forms of consumer credit, an increase on the £700m borrowed in October, of which £1.2 billion was on credit cards (an increase of £400m when compared to October), as concerns mounted over the impact of high inflation on struggling households.

Consumer Credit 59

Consumer Credit Credit Card Debt Banks Government 59

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

Nerd Wallet

JANUARY 5, 2023

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article How to Optimize Chase Freedom Flex, Discover it Cash Back for Q1 2023 originally appeared on NerdWallet.

52

52

Troutman Sanders

JANUARY 5, 2023

On January 4, Colorado Attorney General Phil Weiser announced that his office had reached settlements with Bellco and Canvas credit unions which will provide $4 million in refunds of unearned guaranteed automobile protection (GAP) premiums to consumers that the credit unions failed to provide previously. In June 2022, we posted here about the five prior settlements reached by the state AG over GAP refunds.

Credit Unions 52

Credit Unions Credit Unions Repossession Financial services 52

Jimerson Firm

JANUARY 5, 2023

Ownership of waterfront property is very desirable in Florida and often involves unique real property considerations. As a result, a subset of real property law has emerged to address what is called “riparian rights.” Riparian rights include the rights of ingress, egress, boating, bathing, fishing and even the right to an unobstructed view over the water.

Government 52

Government 52

Troutman Sanders

JANUARY 5, 2023

Please join Consumer Financial Services Partner Dave Gettings and his fellow Partner Ron Raether as they discuss the Consumer Financial Protection Bureau and its supervision of the tenant screening industry. During this episode, Dave and Ron also examine issues facing tenant screening companies and what can be done in the industry. Ron Raether has helped companies navigate federal and state privacy laws for over 20 years.

Financial services 52

Financial services 52

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

Fico Collections

JANUARY 5, 2023

Home. Blog. FICO. Cash Flow Data Can Improve Credit Access with an UltraFICO® Score. Among U.S. consumers who don’t have enough credit history to generate a traditional FICO ® Score, over 15 million could receive an UltraFICO ® Score. FICO Admin. Thu, 08/22/2019 - 12:37. by Joanne Gaskin. expand_less Back To Top. Thu, 01/05/2023 - 16:00. For the millions of American consumers whose traditional credit files don’t fully reflect their financial history and readiness for credit, cash flow data provi

Financial Institution 52

Financial Institution Financial services Lender Banks 52

Troutman Sanders

JANUARY 5, 2023

On January 3, The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (the Agencies) issued a joint statement to banking organizations highlighting a number of risks associated with crypto-assets. While the Agencies expressly state that “banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation,

Banks 52

Banks Government 52

On Guard

JANUARY 5, 2023

Have you been curious about how debtor statuses like credit limits appear based on filter options within an administration? These simple, but critical tasks within an administration are made possible through APIs. An API, or Application Programming Interface, is a set of rules and protocols that defines how two pieces of software can communicate with each other.

Retrieval 52

Retrieval Credit Management Financial services Debtor 52

Collection Industry News

JANUARY 5, 2023

Student loan borrowers are starting 2023 with a lot of uncertainty. The fate of President Joe Biden’s major student loan forgiveness program lies with the US Supreme Court , and it could be as late as summer before the justices rule on whether the policy can take effect. The pandemic-related pause on student loan payments remains in place. But a restart date is up in the air, dependent on when the Supreme Court rules on the forgiveness program.

Student loans 40

Student loans Student Loans Loans Education 40

Advertisement

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.

Collections

Fico Collections

JANUARY 5, 2023

Home. Blog. FICO. Four 2023 U.S. Policy Predictions for Financial Services Companies. Open banking, BNPL, cybersecurity and AI will all be under the microscope for regulators and policymakers, but not all areas will see major action in 2023. FICO Admin. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations. expand_less Back To Top. Thu, 01/05/2023 - 15:45.

Financial services 52

Financial services Government Banks Financial Institution 52