Account Recovery

JULY 9, 2021

The Pennsylvania Higher Education Assistance Agency, one of the largest student loan servicers in the country, announced yesterday that it will stop servicing federal student loans by the end of this year, citing the increasing complexity and cost of handling loans on behalf of the Department of Education. The announcement affects about 9 million individuals … The post PHEAA Announces Exit From Servicing Federal Student Loans appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Education 246

Enterprise Recovery

JULY 9, 2021

If your business sends invoices or bills on credit or at recurring intervals, you likely have customers who pay late or not at all. Delinquent customer accounts can affect everything from paying business expenses to destroying business relationships. Customers may be paying late due to a number of reasons, including lost invoices, expired credit cards, or the inability to pay.

Collection Agencies 243

Collection Agencies Collections Agency Collections 243

Account Recovery

JULY 9, 2021

The Attorney General’s office of Colorado will be holding a virtual meeting next week to discuss components of a new student loan servicing and collection law and draft rules that it has issued which are open to feedback from interested stakeholders. The meeting will take place on Wednesday, July 14 at 10am MT via Zoom. … The post Colo. AG to Hold Meeting to Discuss Rules Related to New Student Loan Servicing and Collection Law appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Collections 246

American Profit Recovery

JULY 9, 2021

Do you know the truth about debt collectors? Do you feel you know what a collector does? Oftentimes we find that many people are unaware of certain facts about the collection industry and are even surprised when they learn more about the industry and the people that represent that industry. But don’t worry, we are here to tell you some of the things you may not be aware of when it comes to the collection industry.

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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 9, 2021

A District Court judge in Florida has denied a defendant’s motion to stay a Hunstein case, ruling that the pending en banc petition in Hunstein before the Eleventh Circuit Court of Appeals “does not affect the precedential value” of the ruling, “which is the law of this circuit.” A copy of the ruling in the … The post Judge Denies Defendant’s Stay Request in a Hunstein Case appeared first on AccountsRecovery.net.

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Collections 246

Account Recovery

JULY 9, 2021

A District Court judge in New Jersey has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling that the different letter templates used by the defendant and the different language included in those templates requires individualized inquiries into whether the letters received by the members of the … The post Judge Denies Certification in FDCPA Suit Over Credit Reporting Language in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Nerd Wallet

JULY 9, 2021

The moment a consumer files for bankruptcy, such as Chapter 7 or Chapter 13, an automatic stay typically takes effect immediately. The automatic stay temporarily halts most judgments, collection activities, foreclosures and repossessions of the consumer’s property, which is known as the bankruptcy estate. There are some limits and exceptions, though.

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Account Recovery

JULY 9, 2021

JUDGE DENIES CERTIFICATION IN FDCPA SUIT OVER CREDIT REPORTING LANGUAGE IN LETTER A District Court judge in New Jersey has denied a plaintiff’s motion to certify a class in a Fair Debt Collection Practices Act lawsuit, ruling that the different letter templates used by the defendant and the different language included in those templates requires … The post Daily Digest – July 9.

Student loans 221

Student loans Student Loans Fair Debt Collection Loans 221

Receivables Control

JULY 9, 2021

How quickly you get your AR back to “normal” depends on many factors. Sixteen months have passed since Covid-19 caused a global health crisis and economic upheaval. Prior to discussing AR, we must pause a moment and reflect on the friends and loved ones lost and the subsequent disruption. The disruption to everyday life has been immense and felt across the world.

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Construction Collections Creditors Collection Agencies 98

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Nerd Wallet

JULY 9, 2021

If you’ve been considering stocking up on travel rewards for a big trip, you only have a short amount of time to score big with the Capital One Venture Rewards Credit Card. The popular travel card’s huge sign-up bonus, which has been available to new account holders as of March 31, 2021, will end on. Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com.

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Burr Forman

JULY 9, 2021

On July 6, 2021, the Eleventh Circuit issued a per curiam opinion affirming the Southern District of Alabama’s entry of summary judgment in the lender’s favor on a plaintiff’s claim under the Fair Credit Reporting Act (“FCRA”), therein finding that the district court did not err in dismissing the claim for willful violation of the FCRA because the plaintiff failed to establish that the lender’s interpretation of its obligations under the statute was objectively unreasonable.

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Nerd Wallet

JULY 9, 2021

When it comes to small-business accounting, the first question my clients usually ask me is, “How much money do I have?” So I show them their balance sheet. Their second question is, “How much money did I make?” And that can be explained with the profit and loss statement (P&L). The problem with these questions. Seth David writes for NerdWallet.

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Receivables Control

JULY 9, 2021

How quickly you get your AR back to “normal” depends on many factors. Sixteen months have passed since Covid-19 caused a global health crisis and economic upheaval. Prior to discussing AR, we must pause a moment and reflect on the friends and loved ones lost and the subsequent disruption. The disruption to everyday life has been immense and felt across the world.

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Construction Collections Creditors 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

Nerd Wallet

JULY 9, 2021

Accidental death and dismemberment insurance kicks in if you die or get seriously injured in an accident, such as a car crash. And unfortunately, accidents do happen — they’re the third leading cause of death in the U.S., according to the Centers for Disease Control and Prevention’s latest mortality data from 2019. While AD&D insurance. Katia Iervasi writes for NerdWallet.

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Public Citizen

JULY 9, 2021

by Jeff Sovern. Bloomberg Law has the story here (possibly behind pay wall). The first was California, and the second was Virginia. Others are likely to follow. The more states that enact privacy laws, the more businesses are likely to complain that they are encountering compliance difficulties and expense complying with the different laws. They will probably push Congress harder to enact a national privacy law that would preempt state privacy laws.

Fair Debt Collection 56

Fair Debt Collection Collections 56

Nerd Wallet

JULY 9, 2021

Love them or hate them, basic economy fares are here to stay. These fares, which major airlines introduced to compete with low-cost airlines like Spirit and Frontier, carry significant limitations to flexibility and creature comforts. On the other hand, they’re cheap. Beyond this simple tradeoff, each airline handles its basic economy fares differently.

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Consumer Finance Watch

JULY 9, 2021

Ana Tagvoryan, Deborah A. Skakel, Edward W. Chang, Scott E. Wortman, Jeffrey N. Rosenthal, Chenxi Jiao, and Harrison M. Brown On June 25, 2021, the United States Supreme Court issued its decision in TransUnion LLC v. Ramirez, No.

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Collections

Nerd Wallet

JULY 9, 2021

Perhaps best known for workplace policies, MetLife also offers many different kinds of insurance to individuals, including coverage for cars, pets and personal property. Its renters insurance policy comes with identity theft coverage and is right in line with the national average in terms of cost, making it a solid choice for a renter looking. Doug Sibor writes for NerdWallet.

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Public Citizen

JULY 9, 2021

Last week, the Consumer Financial Protection Bureau issued a report on "several areas of concern related to relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and Prevention (CDC) eviction moratorium. Some consumers reported facing homelessness because of the negative impact of an eviction on their credit history reported by debt collectors.

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Student loans Student Loans Financial Institution Debt collector 40

Credit Corp

JULY 9, 2021

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Does settling a debt hurt credit? The short answer is yes, it can and probably will. However, that does not mean that you shouldn’t do it. There are situations in which settlement will affect your score less than the available alternatives.

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Fico Collections

JULY 9, 2021

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. The pandemic and associated economic uncertainty have made the landscape for card lending even more challenging, with the need to shape an effective strategy for engagement with all of their customers.

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Acquisition Credit Unions Credit Unions Financial Institution 52

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

JULY 9, 2021

Over the past year, several Presidential Proclamations have restricted travel to the United States by foreign nationals physically present in China, Iran, the Schengen Region, the United Kingdom, Ireland, Brazil, South Africa, and India during the fourteen-day period prior to U.S. entry. The travel restrictions were put into place as a measure to prevent further spread of COVID-19.

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Fico Collections

JULY 9, 2021

For credit unions and smaller banks in North America, the challenge of how to compete with their bigger counterparts is a constant and pressing matter. The pandemic and associated economic uncertainty have made the landscape for card lending even more challenging, with the need to shape an effective strategy for engagement with all of their customers.

Credit Unions 52

Credit Unions Credit Unions Acquisition Banks 52

Nerd Wallet

JULY 9, 2021

As anyone who flies a lot can tell you, there are huge differences between airline seats. From legroom and seat recline, to in-flight entertainment and power outlets, you can have a vastly different experience even between planes on a single airline. For example, some American Airlines Airbus A321 aircraft have seatback screens and power outlets, JT Genter writes for NerdWallet.

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Public Citizen

JULY 9, 2021

Politico reports that President Biden is scheduled to to issue an executive order today "to promote competition throughout the U.S. economy in the most ambitious effort in generations to reduce the stranglehold of monopolies and concentrated markets in major industries." The order is part of an effort "to focus on competition as part of the economic recovery from the pandemic" and responds to "criticisms that the federal government has focused too much on supporting bank

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Credit Unions