Account Recovery
JUNE 13, 2022
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.
TCPA
JUNE 13, 2022
Recently, on May 20, 2022, the Federal Communications Commission (“FCC”) issued a Report and Order (“Order”), as well as a Further Notice of Proposed Rulemaking (all available here), with a plain objective: to “take further steps to stem the tide … Continue reading →
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Account Recovery
JUNE 13, 2022
A report released by the National Consumer Law Center and the Center for Law and Social Policy (CLASP) calling for “broad-based” cancellation of student loans, extending the moratorium on making student loan payments, and “strengthening” repayment options, as a means of helping individuals with student loan debts while also closing the racial wealth gap.
Nerd Wallet
JUNE 13, 2022
Buying into the excitement over electric vehicles can be easy if you’re an environmentally conscious consumer. But many car companies are advertising their new green initiatives, making it hard to tell which one will be the EV front-runner. All the noise can make it hard to know if Rivian Automotive Inc. (RIVN) will bolster your. Alana Benson writes for NerdWallet.
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
JUNE 13, 2022
JUDGE GRANTS MTD IN FDCPA CASE OVER ASSIGNED CLAIM A District Court judge in Oklahoma has dismissed another complaint filed by an individual attempting to claim that an alleged violation of the Fair Debt Collection Practices Act that occurred against someone had been assigned to the individual, ruling that tort claims — which include FDCPA … The post Daily Digest – June 13.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 13, 2022
A District Court judge in Oklahoma has dismissed another complaint filed by an individual attempting to claim that an alleged violation of the Fair Debt Collection Practices Act that occurred against someone had been assigned to the individual, ruling that tort claims — which include FDCPA violations — are not legally assignable. A copy of … The post Judge Grants MTD in FDCPA Case Over Assigned Claim appeared first on AccountsRecovery.net.
Nerd Wallet
JUNE 13, 2022
A bear market is defined by a broad market index falling by 20% or more from a recent high. And as of market close Monday, the S&P 500 index officially hit bear market territory. It’s down more than 21% year-to-date. So what does that mean for you? Bear markets can be stressful for investors of. Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com.
Account Recovery
JUNE 13, 2022
The Court of Appeals for the Ninth Circuit has affirmed a lower court’s ruling that an individual’s text messages sent to a financial institution constitute providing expressed consent to be contacted on a mobile phone via an automated telephone dialing system under the Telephone Consumer Protection Act, but that the lower court abused its discretion … The post Appeals Court Rules Sending Text Messages Confers Consent to be Contacted appeared first on AccountsRecovery.net.
UK debt collections
JUNE 13, 2022
A digital debt recovery firm has been flooded with claims for unpaid fuel following a sharp rise in numbers. Rising petrol prices have led to a sharp increase in people not paying for fuel at petrol stations for a variety of reasons. Petrol prices hit record highs last week with the price of filling the tank of the average family car surpassing £100.
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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.
Nerd Wallet
JUNE 13, 2022
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a.
Prosperity Now
JUNE 13, 2022
Building back for justice means a future where all of us – no matter who we are or how much
Nerd Wallet
JUNE 13, 2022
Orbitz is an online travel booking company that offers travelers both a website and an app to search and book flights, hotels, rental cars, cruises, packages and experiences. If you want to know how to book travel on Orbitz like a pro, here’s our guide for booking flights, hotels and rental cars with Orbitz. How. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.
PBWT
JUNE 13, 2022
The doctrine of equitable mootness is in the news again. The Supreme Court recently denied a cert. petition in a case where the petitioner wanted the doctrine ruled unconstitutional. KK-PB Financial LLC v. 160 Royal Palm LLC , Case No. 21-1197, 2021 WL 7247541 ( petition ), 2022 WL 1914118, (denying certiorari ). The petitioner argued that equitable mootness “lacks a statutory basis, lacks any support in Supreme Court jurisprudence, is unconstitutional and allows federal judges to abdicate
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?
Nerd Wallet
JUNE 13, 2022
The cryptocurrency XRP, and the blockchain it runs on, the XRP Ledger, are designed to make global money transfers more efficient and less expensive. XRP is closely linked with Ripple — a crypto payments firm with the same founders and whose network uses XRP — but they are different entities. Understanding XRP XRP was created. Taryn Phaneuf writes for NerdWallet.
Troutman Sanders
JUNE 13, 2022
Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative and regulatory events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities.
Nerd Wallet
JUNE 13, 2022
The World of Hyatt offers 1,100 hotels and resorts in 71 countries, ranging from the five-star Park Hyatt in New York to more affordable Hyatt Place locations. While it may not have the same reach as other larger hotel chains, Hyatt is known for how well it treats its World of Hyatt loyalty members. Whether. Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com.
Fraser
JUNE 13, 2022
On June 9, 2022, the Internal Revenue Service announced that it has increased the 2022 mileage rates for the last six months of the year in response to high gasoline prices. The new mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate that has been effective since the beginning of 2022. The new rate for deductible medical or moving expenses, which is available for active-duty members of the military, will be 22 cents, also up 4 cents from the effective rate at t
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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.
Nerd Wallet
JUNE 13, 2022
Whether it’s taken you years or months to earn the miles you’ve accumulated, whether you fly weekly or rarely, the miles in your Alaska Airlines Mileage Plan account are precious and valuable. But if you haven’t taken off to any destinations recently, you may be starting to wonder how long those miles can languish unused. Alisha McDarris writes for NerdWallet.
Taurus Collect
JUNE 13, 2022
The debt collection process involves recovering debts from the borrower who has initially failed to repay or recover payments on accounts that are past their due date. When asked about “what collection agencies do?”, most people tend to think of a debt collector trying to contact debtors about some unresolved debts. However, people don’t realize that there are two distinct business models in the collection industry that conduct the collection of delinquent accounts in different ways.
Nerd Wallet
JUNE 13, 2022
The next time you travel through Terminal 3 at Singapore Changi Airport with Singapore Airlines (or any Star Alliance member carrier), you’re in for a surprise. Singapore Airlines has opened a $36.5 million, four-lounge complex that is designed to match the ground experience to the superb in-flight standards for which the airline is known. Singapore.
Collection Industry News
JUNE 13, 2022
Source: site. The Consumer Financial Protection Bureau recently warned companies that, under federal anti-discrimination laws, they still owe consumers an explanation. of specific reasons for denying credit applications, even if they use complex algorithms to determine creditworthiness. The move is both a reminder of the agency’s continued focus on anti-discrimination enforcement as well as the enduring responsibility of companies using new technology in consumer interactions.
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.
Consumer Finance
JUNE 13, 2022
CFPB Director Rohit Chopra's statement on Relationship Banking and Customer Service.
Collection Industry News
JUNE 13, 2022
Source: site. Three students, including one from Coral Springs, will have a little less financial stress heading into college thanks to a $10,000 in scholarships from Tropical Financial Credit Union. As the cost of everyday items continues to soar, the students will have fewer worries about their college tuition. This year, the credit union awarded three scholarships totaling $10,000: One grand prize of $5,000 and two $2,500 awards.
Collection Industry News
JUNE 13, 2022
Source: site. Cosmetics giant Revlon Inc. is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations.
Collection Industry News
JUNE 13, 2022
Source: site. Since Rohit Chopra’s confirmation as director of the Consumer Financial Protection Bureau in 2021, he has aggressively moved the CFPB back to the policy positions formerly employed during the Obama administration. Oftentimes based upon supposition without actual support (even though the CFPB claims to be a “data- driven” agency), Chopra has identified a host of potential industry consumer violations, ranging from deposit issues to endemic redlining.
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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.
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