Fri.Mar 15, 2024

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Cordray Lays Out Changes Coming to Student Loan Servicing Sites

Account Recovery

The Department of Education’s Federal Student Aid is planning to release “an entirely new federal student loan servicing environment” in 2024, according to FSA’s chief operating officer, Richard Cordray, who laid out the changes that are coming in a blog post yesterday.

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Your business went to small claims court-Now what?

American Profit Recovery

Many organizations and commonly small businesses will attempt to get customers to pay on outstanding invoices through various methods. However, for a wide range of reasons, small businesses can struggle to get timely payments, which ultimately affects cash flow. One method that many small businesses have employed over the years is taking customers to small claims court.

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Why You Need to Optimize Your Portals

Account Recovery

For those of you who didn’t know, “The West Wing” is one of my favorite shows ever. I have watched every episode multiple times and can recite entire sections of dialogue. So as I was reading an article recently, a scene from an episode popped into my head.

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Virginia Governor Vetoes Bill that Would Have Expanded Class Actions

Troutman Sanders

On March 14, Virginia Governor Glenn Youngkin vetoed House Bill (HB) 418 that would have created a vehicle for class actions in Virginia state courts and would have broadened statutory damages under the Virginia Consumer Protection Act (VCPA). The bill could still become law if two thirds of both chambers vote to override Youngkin’s veto, but the bill originally passed the House with only 51 “Yes” votes to 49 “No,” and passed the Senate 21 to 18.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Daily Digest – March 15. Collector Facing FDCPA, FCRA Class-Action for Allegedly Parking Debt; NJ Appeals Court Upholds Dismissal of Suit Against Debt Buyer

Account Recovery

Collector Facing FDCPA, FCRA Class-Action for Allegedly Parking Debt NJ Appeals Court Upholds Dismissal of Suit Against Debt Buyer Why You Need to Optimize Your Portals Cordray Lays Out Changes Coming to Student Loan Servicing Sites Skit.

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Skit.ai Launches New Multichannel Offerings for the Debt Collections Industry

Account Recovery

The suite of Generative AI-powered, self-service solutions includes voice, chat, email, and text automation to accelerate collections and enhance consumer experiences. NEW YORK, NY (March 14, 2024) – Skit.

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Credit cards trick you into spending more

Roths Child Law

Credit cards are often linked to bankruptcy, and it sometimes relates to their high interest rates. People may be attempting to pay off their debt, but they can’t do it because the interest adds so much to that debt every month. But how did they get into debt in the first place? It may be that their credit card psychologically tricked them into spending more money than they wanted to.

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Collector Facing FDCPA, FCRA Class-Action for Allegedly Parking Debt

Account Recovery

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?

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NJ Appeals Court Upholds Dismissal of Suit Against Debt Buyer

Account Recovery

In a case that was defendant by Mitch Williamson at Barron & Newburger, a New Jersey state Appeals Court has upheld the dismissal of a class-action lawsuit against a debt buyer that was accused of unlawfully purchasing the debt of the plaintiff and others without first obtaining a business license to operate as a consumer […]

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

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.