Account Recovery
OCTOBER 30, 2020
The Consumer Financial Protection Bureau today released its debt collection rule, continuing its process of modernizing the regulation of the accounts receivable management industry. The rule — all 653 pages of it — can be accessed by clicking here. The changes announced today will go into effect one year after they are published in the … The post CFPB Releases Debt Collection Rule appeared first on AccountsRecovery.net.
Enterprise Recovery
OCTOBER 30, 2020
The pandemic has unfortunately hit many businesses right where it hurts. Economists have discovered a current proliferation of businesses who may actually already be "dead inside". Zombie companies earn just enough money to scrape by, acquiring more debt along the way and relying on bailouts to keep going. The problem is that they're unable to afford the cost of the debt and are a high risk to investors.
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Account Recovery
OCTOBER 30, 2020
You have to hand it to consumer advocacy groups. They know how to name a report that will grab everyone’s attention. The National Consumer Law Center yesterday released a report, “No Fresh Start 2020: Will States Let Debt Collectors Push Families Into Poverty In The Wake Of a Pandemic?” which grades each state on their … The post NCLC Report Calls Out States For Poor Exemption Protections appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 30, 2020
Many Americans started investing for the first time during the pandemic, but even though their trades may have been free, the money involved might soon come with a bill from the IRS. If you’re a new investor, here are four things that could trigger a tax-related hit — and what tax pros say you can. Tina Orem is a writer at NerdWallet. Email: torem@nerdwallet.com.
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
OCTOBER 30, 2020
SECOND COURT RULES TCPA UNCONSTITUTIONAL FOR CALLS MADE BEFORE JULY SCOTUS RULING Another District Court judge has granted a defendant’s motion to dismiss in a Telephone Consumer Protection Act case on the basis that calls made to an individual’s cell phone using an automated telephone dialing system before July 6 — when the Supreme Court … The post Daily Digest – October 30.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
OCTOBER 30, 2020
Another District Court judge has granted a defendant’s motion to dismiss in a Telephone Consumer Protection Act case on the basis that calls made to an individual’s cell phone using an automated telephone dialing system before July 6 — when the Supreme Court ruled in Barr v. American Association of Political Consultants — relinquished the court’s subject … The post Second Court Rules TCPA Unconstitutional for Calls Made Before July SCOTUS Ruling appeared first on AccountsRecove
Nerd Wallet
OCTOBER 30, 2020
Side gig. Side job. Side hustle. It goes by many names and serves many purposes. For some, it’s a way to keep the lights on. For others, it’s an opportunity to save for a goal or follow a passion. Since the onset of the COVID-19 pandemic, millions of Americans have become unemployed. Many are turning. Lauren Schwahn is a writer at NerdWallet. Email: lschwahn@nerdwallet.com.
Account Recovery
OCTOBER 30, 2020
New York, NY – October 30, 2020 – The national charity, RIP Medical Debt, the only U.S. charity to pioneer medical debt abolishment across the U.S., has announced that its co-founder, Jerry Ashton, will be stepping down from his position as Director of Education and Engagement while remaining on the board of directors. “I feel … The post Co-Founder of RIP Medical Debt, Jerry Ashton, Retires from Nonprofit appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 30, 2020
When budget matters, do-it-yourself bathroom upgrades can be a simple, low-cost way to dramatically improve your bathroom’s appeal. Here are six projects that you can do on your own without hiring a contractor or buying expensive equipment. 1. Install a plug-in towel warmer Cost: About $60 (basic) to $700 (high-end). Difficulty: Moderate. A fluffy warm.
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Account Recovery
OCTOBER 30, 2020
As the industry anxiously awaits the release of the Consumer Financial Protection Bureau’s debt collection rule (is today the day? Sign up for a webinar on the chance it is), another rule released by the Bureau is under attack from consumer advocates, in what could be a sign of what’s to come once the debt … The post Advocacy Groups Sue CFPB Over Payday Lending Rule Changes appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 30, 2020
The Amazon Prime Rewards Visa Signature Card already earns 5% cash back at Amazon and Whole Foods, and for a limited time, another retailer is joining that group. Through Sept. 21, 2021, the card will also earn 5% cash back at Zappos, a major online shoe and clothing merchant. (Amazon owns both Whole Foods and Zappos.) Cardholders are. Kimberly Palmer is a writer at NerdWallet.
Account Recovery
OCTOBER 30, 2020
The Attorney General of Minnesota has announced a settlement with Hutchison Hospital after it was accused of violating a regulatory agreement between the AG’s office and non-profit hospitals in the state by increasing patients’ payment plans, deactivating payment plans of patients who did not agree to new terms, and pressuring patients to take out loans … The post Minnesota AG Settles With Hospital Over ‘Unfair’ Bill Collection Practices appeared first on AccountsRe
Better Credit Blog
OCTOBER 30, 2020
Is Ad Astra Recovery Services stressing you out with calls about outstanding debts? Being contacted by a collections agency can be frustrating, but the damage to your credit score can be far worse than their persistent phone calls and letters. Did you know that a collections entry can hurt your credit for seven years if you don’t get it deleted from your report?
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
OCTOBER 30, 2020
NerdWallet is here to help you win Black Friday while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 27. Doorbusters have been replaced with delivery, and early store hours are now early-season discounts. COVID-19 has. Hal M.
Burr Forman
OCTOBER 30, 2020
Burr’s Anna Akers was recently recognized in the Birmingham Business Journal ’s “Rising Stars of Law” list for 2020. Anna is an associate in the Birmingham office where she practices in the firm’s Creditors’ Rights and Bankruptcy group. Those who are named to BBJ’s “Rising Stars of Law” are recognized as up-and-coming attorneys under the age of 40.
Nerd Wallet
OCTOBER 30, 2020
A premium hotel credit card isn’t for everyone. However, a rewards credit card with a high annual fee is worth considering if you can extract enough value from it. The Marriott Bonvoy Brilliant™ American Express® Card comes with a lucrative welcome bonus, annual statement credit and an annual free night award. Combine these well-known benefits with.
Better Credit Blog
OCTOBER 30, 2020
Being contacted by a debt collector is scary. They can be aggressive and rude, and they will continue to hound you for a debt until you pay up. One debt collector you may hear from is called Global Credit & Collection Corp. They are on-par for collectors in terms of reputation and collection tactics. While this is certainly annoying, it is the least of your concern when it comes to their impact on your long-term financial wellbeing.
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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
OCTOBER 30, 2020
Elite members of British Airways’ loyalty program enjoy a range of perks, like the chance to choose seats in advance, relax in an airport lounge and earn more points for every flight. But first you have to earn that elite status by flying the airline. Here’s everything you need to know about attaining and enjoying. Natasha Gabrielle is a writer at NerdWallet.
TCPA
OCTOBER 30, 2020
A few weeks ago, the Eastern District of Louisiana held that courts cannot impose liability under Sections 227(b)(1)(A) or (b)(1)(B) of the TCPA for calls that were made before the Supreme Court cured those provisions’ unconstitutionality by severing their debt … Continue reading →
Nerd Wallet
OCTOBER 30, 2020
Barclays recently refreshed its Wyndham credit card lineup to make it more attractive to travelers. The Wyndham Rewards® Earner? Credit Card is the budget-friendly rewards credit card that earns points and provides benefits without requiring an annual fee. But, just because a credit card has no annual fee, that doesn’t mean that it deserves a. Lee Huffman is a writer at NerdWallet.
JMA
OCTOBER 30, 2020
Incurring Debts from Delinquent Clients Debt is a very normal part of running a business – whether you are offering products or services, you may have clients in debt to you, or you may indeed be in debt to others, such as suppliers. Bad Business debts don’t happen by accident, and while it may be. Read more » The post Recovering Your Debt in Time: What is the Statute of Limitations in Australia?
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.
Burr Forman
OCTOBER 30, 2020
BIRMINGHAM, Ala., October 30, 2020 – Burr & Forman LLP announces the addition of three new associates in the firm’s Birmingham, Columbia and Hilton Head offices. The addition of these associates strengthens multiple practice areas within the firm. Birmingham-based associate, Madeline Hughes joins the firm’s Transportation and Maritime practice group.
Taurus Collect
OCTOBER 30, 2020
A quick guide to help you learn how to recover a debt from a company. Many of our clients ask us what is the most effective method of recovering a debt from a company. And our answer is always the same. There is no silver bullet. There are a series of steps that need to be taken in order to recover a debt from a company. Obviously there is the direct route by No Win No Fee Debt Collection , but it is important to have a plane of action right from the very start of your invoice journey.
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