Account Recovery
DECEMBER 6, 2022
The Court of Appeals for the State of Washington has reversed a lower court’s ruling and has held a debt collector vicariously liable for the creditor refusing to return an individual’s security deposit when she abandoned the lease for her townhome and required the collector to pay attorney fees and costs for the plaintiff covering … The post Wash.
Consumer Finance
DECEMBER 6, 2022
Today, the Consumer Financial Protection Bureau (CFPB) released research revealing that Reserve and National Guard members called to active duty are paying an extra $9 million in interest every year because they are not always receiving the benefit of their right to rate reductions under the Servicemembers Civil Relief Act.
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Account Recovery
DECEMBER 6, 2022
Individuals with student loans will be able to avoid facing collection attempts for one year once the moratorium on making student loan payments ends, according to guidance released by the Department of Education’s Federal Student Aid office last week. Back in April, the Education Department announced the creation of a “Fresh Start” program which would … The post Ed.
Nerd Wallet
DECEMBER 6, 2022
The economic environment for starting a small business is significantly less hospitable than it was a year ago, according to new data from NerdWallet’s Small-Business Opportunity Index, and the increasingly unfavorable conditions have some small-business experts advising would-be entrepreneurs to prepare for rougher-than-usual starts — or even to put their business plans on hold.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Account Recovery
DECEMBER 6, 2022
Being curious and wanting to learn new things is exciting and challenging. But Tim Collins has never been satisfied with just doing something challenging. He wants to go beyond. And the next step beyond learning is questioning, meaning — if you think you know something, what if you were wrong? Put another way, doing things … The post Tim Collins on Challenging the Status Quo first appeared on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
DECEMBER 6, 2022
SETTLEMENT OFFER, TRADELINE DELETION MENTION IN LETTER LEADS TO CLASS ACTION AGAINST COLLECTOR A class-action complaint has been filed in New Jersey federal court alleging a defendant violated the Fair Debt Collection Practices Act when it sent a letter offering options to settle a debt for less than the full amount owed and that once … The post Daily Digest – December 6.
Nerd Wallet
DECEMBER 6, 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. If there’s a golden rule to certificates of deposit, it’s this: Don’t withdraw before a CD term ends. Otherwise.
Account Recovery
DECEMBER 6, 2022
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Settlement Offer, Tradeline Deletion Mention in Letter Leads to Class Action Against Collector first appeared on AccountsRecove
Nerd Wallet
DECEMBER 6, 2022
The third-quarter housing market was, yet again, unfriendly to first-time buyers. High mortgage rates moderated any relief from the high prices and scant listings that have dominated the past few years. The good: The number of homes on the market increased, moving in a direction that makes it less dispiriting to browse a real estate. Elizabeth Renter writes for NerdWallet.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Credit Corp
DECEMBER 6, 2022
Article originally published July 13th, 2016. Updated December 6th, 2022. Just a few years ago, nearly one in three drivers chose to lease rather than purchase a vehicle. Today, however, less than one in five drivers lease their cars. Why such a dramatic shift? While there are many reasons for this change, the primary cause for this drop in leased vehicles is cost.
Nerd Wallet
DECEMBER 6, 2022
In 2022, the U.S. hit a 40-year high in inflation, causing everything from gas to groceries to get more expensive. Inflation is the general increase in prices of goods and services in the economy. In the United States, the Federal Reserve states that an acceptable inflation rate is around 2% per year. What’s causing inflation. Alana Benson writes for NerdWallet.
UK debt collections
DECEMBER 6, 2022
The government is to review worsening UK Small Business late payments it has been announced. Business secretary Grant Shapps said the review was to stop larger companies “ripping off” their smaller counterparts. The government also urged larger businesses to pay their suppliers promptly. It warned that small businesses spend significant time and resources chasing late payments from businesses they supply, which can lead to cash flow problems.
Nerd Wallet
DECEMBER 6, 2022
At first glance, Emirates Airlines — perhaps best known for its first-class luxury suites that can include access to an onboard shower — might not appeal to the comfort-seeking flyer with less to spend. But recent news has been positive for those passengers who desire a mid-tier flight experience. Does Emirates have a premium economy? Josh Garber writes for NerdWallet.
Speaker: Alex Salazar, CEO & Co-Founder @ Arcade | Nate Barbettini, Founding Engineer @ Arcade | Tony Karrer, Founder & CTO @ Aggregage
There’s a lot of noise surrounding the ability of AI agents to connect to your tools, systems and data. But building an AI application into a reliable, secure workflow agent isn’t as simple as plugging in an API. As an engineering leader, it can be challenging to make sense of this evolving landscape, but agent tooling provides such high value that it’s critical we figure out how to move forward.
On Guard
DECEMBER 6, 2022
Digital transformation has a positive impact. Discover which solutions Visma | Onguard offers for your accounts receivable department. With good insight into your customer base, you take faster and more appropriate action when payment problems are suspected. In fact, based on history and risks, the software can predict exactly which customer will pay the invoices and which will not pay (on time).
Nerd Wallet
DECEMBER 6, 2022
Our Take 4 The bottom line: Trezor's hardware cryptocurrency wallets are a good choice for users seeking simple, offline storage with high security. There are no native staking or NFT features, however, so users looking for more Web 3 access might prefer a device from competitor Ledger. The standard version, Model One, supports 1,289 cryptocurrencies.
Chargent
DECEMBER 6, 2022
Automated Collections Software Works for Your Business When it comes to collections activity, every dollar, and every minute counts. Chargent’s Automated Collections add-on is a powerful dunning tool that does the heavy lifting of collecting late and failed payments - right in Salesforce. You’ll realize immediate ROI, saving time and money by reducing manual [.].
Nerd Wallet
DECEMBER 6, 2022
Ever thought about going on a Disney cruise? While pricey, Disney cruises offer high-end entertainment for the whole family, including spectacular events like shows and character meet and greets. But there’s more than one way to book a Disney cruise. For those who are willing to splurge, Disney cruise concierge rooms provide a superior experience. Carissa Rawson writes for NerdWallet.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
FFGN COLLECT NY
DECEMBER 6, 2022
Can you use a New York debt collection judgment to lien a debtor’s co-op or condo? As a judgment creditor, you want to restrain, attach and lien as many of the judgment debtor’s assets in order to satisfy your judgment. If the restraints, attachments, liens, and executions don’t satisfy the full judgment, don’t worry. A lien on real property is good for 10 years and can be renewed before it expires.
TCPA
DECEMBER 6, 2022
Recently, the Eleventh Circuit remanded a TCPA suit for the district court to rule on Article III standing, finding that the trial court should have addressed the standing issue because plaintiffs failed to plead the number of telephone calls allegedly … Continue reading →
Troutman Sanders
DECEMBER 6, 2022
On November 30, Senate Banking Committee Chairman Sherrod Brown (D-OH) sent a letter to Treasury Secretary Janet Yellen requesting that she coordinate with other financial regulators to further work on the recommendations from the Financial Stability Oversight Council Report on Digital Asset Financial Stability Risks and Regulation (FSOC report), which we previously discussed here.
Fraser
DECEMBER 6, 2022
On Monday, December 5, 2022, the Michigan Department of Labor and Economic Opportunity announced the effective minimum wages for 2023, pegging the standard minimum wage at $10.10 per hour. The Department’s notice cautioned that the announced rates were subject to change, pending a decision by the Michigan Supreme Court regarding the Michigan Legislature’s amendment to a successful 2018 ballot initiative.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
Fico Collections
DECEMBER 6, 2022
Home. Blog. FICO. US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. Inflation takes hold, bankcards delinquencies surpass pre-pandemic levels. NicholetteLarsen@fico.com. Tue, 03/23/2021 - 22:16. by Leanne Marshall. expand_less Back To Top. Tue, 12/06/2022 - 16:00. Reflecting on the ever-changing market over the past year, many key indicators in the macro economy vary.
Collection Industry News
DECEMBER 6, 2022
It’s getting more expensive to pay down credit card debt. The average interest rate on new credit card offers is now nearly 23%, according to LendingTree’s latest analysis. That’s up from about 22.4% in November. “Credit card interest rates are as high as they’ve ever been,” Matt Schulz, chief credit analyst at LendingTree, tells CNBC Make It. “Unfortunately, 2023 isn’t likely to be much better.”.
NACM
DECEMBER 6, 2022
Despite high interest rates and recession concerns, the hiring market remains strong—with up to 263,000 new jobs added in November and a steady unemployment rate of 3.7%, according to a report from the Bureau of Labor Statistics.The results of the latest job report make the Fed's fight against inflation more challenging. The latest data could force.
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