Account Recovery

JULY 5, 2022

A District Court judge in Pennsylvania has denied a defendant’s motion for summary judgment, ruling that “reasonable juror” could determine that a collector acted with “requisite intent” when it made 12 calls to an individual after being notified that the individual no longer wanted to be contacted about an unpaid debt because he had been … The post Judge Denies MSJ in FDCPA Case Over Cease Request appeared first on AccountsRecovery.net.

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Judgment Collections 246

Nerd Wallet

JULY 5, 2022

Higher savings rates, lower fees, and better customer service: For every reason that motivates you to switch banks for checking or savings accounts, there’s an opposite reason to avoid the hassle. Changing banks, however, doesn’t happen often. Only 4% of customers switched banks in a year, according to J.D. Power’s 2019 U.S. Retail Banking Satisfaction.

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Banks Retail 95

Account Recovery

JULY 5, 2022

Friday is the deadline for a group seeking to increase the protections that consumers can use to shield assets from garnishments to pay medical debts while also lowering the judgment interest rate on medical debt to get enough signatures to add the measure to the November ballot in Arizona. The group — Healthcare Rising Arizona … The post Deadline Looms For Arizona Medical Debt Ballot Measure appeared first on AccountsRecovery.net.

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Garnishment Healthcare Judgment 245

Nerd Wallet

JULY 5, 2022

When it comes to United Airlines credit card offers, potential cardmembers aren’t short on options. Four cards to choose from mean there’s one for every type of traveler. Which is the best? That depends on you. We’ll break down the current United credit card offers and perks so you can choose the one that’s right. Alisha McDarris writes for NerdWallet.

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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

JULY 5, 2022

The Court of Appeals for the Eleventh Circuit has overturned the dismissal of a Fair Debt Collection Practices Act case, ruling that statements sent to the plaintiffs indicating that the balance on the debt was accruing when a settlement had been reached is enough for the plaintiffs to state a claim under the statute. A … The post Appeals Court Overturns Dismissal of FDCPA Suit Related to Balance on Statement appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 245

Account Recovery

JULY 5, 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.

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Nerd Wallet

JULY 5, 2022

July mortgage rates forecast Mortgage rates are likely to rise in July, extending a seven-month streak. High inflation, and the Federal Reserve’s efforts to control it, have driven mortgage rates upward. The same factors may push them even higher in July and over the next few months. Rates will stop climbing someday — but probably. Holden Lewis writes for NerdWallet.

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Account Recovery

JULY 5, 2022

JUDGE DENIES MSJ IN FDCPA CASE OVER CEASE REQUEST A District Court judge in Pennsylvania has denied a defendant’s motion for summary judgment, ruling that “reasonable juror” could determine that a collector acted with “requisite intent” when it made 12 calls to an individual after being notified that the individual no longer wanted to be … The post Daily Digest – July 5.

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Judgment 243

Nerd Wallet

JULY 5, 2022

Almost every trip teaches me something about myself, the world and what not to do next time. Here are three hard-won travel lessons that may help you learn from my mistakes. Cobbling together flights isn’t worth the savings Whenever possible, I book nonstop flights. Nonstops may cost a bit more, but they avoid the inconvenience. Liz Weston, CFP® writes for NerdWallet.

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Collections

Public Citizen

JULY 5, 2022

The Consumer Financial Protection Bureau last week issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. The press release, with a link to the advisory opinion, is here.

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Debt collector 75

Nerd Wallet

JULY 5, 2022

British Airways traces its history back over a century. Comparatively, Virgin Atlantic is a relative youngster, having just been founded in 1984. While the two airlines may have different branding and history, they actually have plenty of similarities on paper. Both are based in Greater London, partner with a range of other airlines — including. JT Genter writes for NerdWallet.

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UK debt collections

JULY 5, 2022

The insolvency service has issued a huge 10 year ban to a rogue director following investigations. Grigorijs Hacaturjancs, 34, originally from Latvia, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. Grigorijs Hacaturjancs was director of Beauty & Melody Shop Ltd which was incorporated in 2015 and operated as an online retailer for hair and beauty products.

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Retail Loans Trade Banks 59

Nerd Wallet

JULY 5, 2022

A Cash App business account, which the company refers to as Cash for Business, lets customers pay businesses by credit card, debit card and money transfer on the peer-to-peer payment platform. It offers small businesses instant deposits and transparent transaction fees. But it can charge additional fees for faster payout, doesn’t work with high-risk businesses.

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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

Troutman Sanders

JULY 5, 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.

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Financial services Banks Debt collector Government 52

Nerd Wallet

JULY 5, 2022

Travel is making a serious comeback, and that means lines at airport security have returned to their former glory. But that doesn’t mean you have to wait in those lines. Consider TSA PreCheck — a Trusted Traveler Program and a game-changing way to speed through airport screening, all while keeping your shoes on your feet. Alisha McDarris writes for NerdWallet.

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Price Meese

JULY 5, 2022

Ed Purcell, Esq. will be moderating a seminar regarding legal issues unique to Jersey Shore municipalities on July 29, 2022. Presented by the New Jersey Institute of Continuing Legal Education (“NJICLE”), the seminar is entitled “The Jersey Shore- The Past, Present, and Future of a National Treasure.” Mr. Purcell’s roundtable discussion will include insights from the mayors of the City of Wildwood, the City of Wildwood Crest, and the City North Wildwood.

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Education 52

Troutman Sanders

JULY 5, 2022

Join Consumer Financial Services Partner Dave Gettings as he hosts guest Kristi Kelly, one of the founders of Kelly Guzzo PLC, for a conversation discussing current FCRA trends from the plaintiffs’ counsel perspective. As a consumer protection attorney, Kristi advises consumers nationwide in individual and class-action cases under the FCRA, including cases against furnishers and consumer reporting agencies.

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Financial services 52

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Collections

On Guard

JULY 5, 2022

Our Fintech Barometer, which gathers a range of data-related insights from the finance sector, is now in its fifth consecutive year, and among the significant statistics we found was the continued reliance on legacy solutions. Despite the increasing availability of innovative new software on the market, it remains the case that nearly half (49%) of finance professionals do not escape Excel, for making spreadsheets to log information and updates of customer payments into their business.

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Debtor Credit Management Debt Management 52

NACM

JULY 5, 2022

A drop in gas flow from Russia to Europe is likely to tip the region's economy into a recession, according to Fitch Ratings. "Continued disruption of gas imports through the Nord Stream 1 pipeline, unless offset with higher flows via other pipelines, would hinder the continent's ability to meet gas needs during the peak winter heating season, despi.

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True Accord

JULY 5, 2022

What’s going on in the economy? In Q2, Jamie Dimon advised to brace for an economic “hurricane” , a prominent black swan investor said the financial system is most vulnerable to “the greatest credit bubble of human history” , and Elon Musk had a “super bad feeling”. As we wrap the second quarter and first half of 2022, we’re watching some key factors impacting consumers and the credit industry and making sense of what it might mean and how to prepare your business.

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Lender Debt collector Loans Personal loans 52