Account Recovery

APRIL 4, 2022

The Court of Appeals for the Seventh Circuit on Friday reversed a jury award of $350,000 against a collector in a Fair Debt Collection Practices Act case over the collection of a time-barred debt, ruling the plaintiff lacked standing. A copy of the ruling in the case of Pierre v. Midland Credit Management can be … The post Appeals Court Overturns $350k Damages Award Against Collector appeared first on AccountsRecovery.net.

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Fair Debt Collection Credit Management Collections 246

Better Credit Blog

APRIL 4, 2022

If you are like most people, you have dealt with or are currently dealing with debt collectors. I’ve been preaching about the dangers of debt collectors for years and get countless emails from readers who end up in trouble by answering the phone when a debt collector calls. So, how should you deal with debt collectors? Here are some specific things you should keep in mind if you end up on the phone with a debt collector.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 116

Account Recovery

APRIL 4, 2022

The plan to use private collection agencies to collect on debts owed to the Internal Revenue Service has brought in less than half of the estimated funds that were projected to be collected, according to a report from the Treasury Department, while also revealing that the IRS as underreported how much it is costing to … The post Private Collection Agencies Bringing in Less Than Expected For IRS: Report appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections 246

Nerd Wallet

APRIL 4, 2022

So, you want to learn more about your money and make moves with it. Go you. “That’s a moment of self-awareness that requires celebration,” says San Francisco-based financial coach Saundra Davis. And your timing is perfect, as April is Financial Literacy Month. This designation wouldn’t exist unless many people needed help understanding their money. “You’re.

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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

APRIL 4, 2022

APPEALS COURT OVERTURNS $350K DAMAGES AWARD AGAINST COLLECTOR The Court of Appeals for the Seventh Circuit on Friday reversed a jury award of $350,000 against a collector in a Fair Debt Collection Practices Act case over the collection of a time-barred debt, ruling the plaintiff lacked standing. CFPB FINES STUDENT LOAN SERVICER $1M FOR LYING … The post Daily Digest – April 4.

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Student loans Student Loans Loans Fair Debt Collection 245

Account Recovery

APRIL 4, 2022

A class-action complaint has been filed in Florida against a cell phone carrier and the vendors and third parties it uses to place outbound calls, alleging violations of the Telephone Consumer Protection Act by making more than 50 debt collection calls using an automated telephone dialing service to a wrong number, after being informed that … The post Cell Phone Carrier Facing TCPA Class Action Over Collection Calls to Wrong Number appeared first on AccountsRecovery.net.

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Collections 244

Nerd Wallet

APRIL 4, 2022

Although I’ve always had a desire to travel, I didn’t have a passport until shortly after I turned 23. Over the last 14 years, I’ve made up for lost time and visited over 55 countries on every continent except Antarctica (which I hope is soon to come). At the same time, I’ve been laser-focused on. Josh Garber writes for NerdWallet. Email: travel@nerdwallet.com.

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Account Recovery

APRIL 4, 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

APRIL 4, 2022

April mortgage rates forecast Mortgage rates probably will rise in April, continuing this year’s upward trend for interest rates of all kinds. Prices are going up for everything, including interest, which is the price we pay for borrowing money. Consumer prices rose 7.9% in the 12 months ending in February, far above the Federal Reserve’s. Holden Lewis writes for NerdWallet.

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Collections

Account Recovery

APRIL 4, 2022

The Consumer Financial Protection Bureau on Thursday announced an enforcement action against a student loan servicing company, fining it $1 million for allegedly making deceptive statements to borrowers and misrepresenting the forgiveness and repayment options related to the Public Service Loan Forgiveness program. The action, taken against Edfinancial, comes a month after the CFPB had … The post CFPB Fines Student Loan Servicer $1M For Lying About Forgiveness Options appeared first on Acc

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Student loans Student Loans Loans 183

Nerd Wallet

APRIL 4, 2022

We all remember those pesky flight change and cancellation fees that U.S. airlines relentlessly and unapologetically charged pre-pandemic. But the public health crisis has changed how the carriers implement fare rules. Delta Air Lines was one of those companies that once charged change fees, but no more. Most Delta fares now can be changed for. Anya Kartashova writes for NerdWallet.

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Roths Child Law

APRIL 4, 2022

You're facing bankruptcy because your income is simply no longer enough to support all of the bills that you have. Your work has been impacted by the events of the last few years and you're simply earning less than you were before. You do hope that that changes, but it hasn't yet, and you're considering bankruptcy as a way to reorganize your debt or eliminate some of it.

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Bankruptcy Banks 52

Nerd Wallet

APRIL 4, 2022

Retirement planning is part savings, part guessing game. While many of your day-to-day expenses will remain the same, there are big-ticket categories that can take a large bite out of your savings. The more you can plan, the better prepared you’ll be to weather the costs. Here are four expenses to keep in mind as. Kate Ashford writes for NerdWallet.

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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

APRIL 4, 2022

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.

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Financial services Loans Banks Student loans 52

Nerd Wallet

APRIL 4, 2022

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about the best ways to use your tax refund. Then we pivot to this week’s money question from a listener’s text message. Here it is: “Hi NerdWallet friends! Would love to hear your take on. Liz Weston, CFP® writes for NerdWallet.

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Fico Collections

APRIL 4, 2022

In today’s noisy marketplace, irrelevant offers are frustrating and often undermine customer sentiment. The win comes from consistently standing out from the competition with pre-emptive, competitive, attractive offers that you assign in real-time via omnichannel communications strategies. Personalization can mean many things, such as inserting the name of the client/ consumer to individualize digital marketing.

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Trade Loans 52

Nerd Wallet

APRIL 4, 2022

You can get a preapproved auto loan with bad credit, but you’ll need to spend time finding the right lender. If you have bad credit, the pool of lenders available to you is smaller. Some lenders choose to have credit score minimums to reduce risk, meaning you have to meet a cutoff to be considered. Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com.

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Loans Lender 75

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Collections

Public Citizen

APRIL 4, 2022

We have been asked to post the following: CLASS Network Director    Do you want to work every day to advance the rights of low-income consumers? Do you want to lead a national network of law school programs dedicated to building racial and economic justice?   Well, then, perhaps this is the job for you.   The UC Berkeley Center for Consumer Law & Economic Justice seeks a director for the CLASS Network, a new consortium dedicated to promoting racial and economic justic

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Lawyers 45

Collection Industry News

APRIL 4, 2022

Source- site. How much can a landlord charge me for my background check? Can I provide my own background check to a landlord? How much can my late fee be? There are more and more laws being made in New York State by the Attorney General in order to make things clear for both the landlord and the tenants that are renting from them. There is a new law that went into effect in 2022.

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Collections 40

Public Citizen

APRIL 4, 2022

According to a Federal Trade Commission press release, the FTC "is taking action against Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their taxes, the Commission also filed a federal district court complaint asking a court to or

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Trade 40

Collection Industry News

APRIL 4, 2022

Source- site. The Consumer Financial Protection Bureau published on March 29 a report on credit card late fees where the regulator provided data about the amount of late fees charged by type of consumer. The main findings from the report are that credit card late fees have been in decline for the last few years and consumers with lower credit scores incurred more late fees than consumers with better scores. .

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Credit Unions Credit Unions Credit Card Debt Financial Institution 40

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.

Collection Industry News

APRIL 4, 2022

Source- site. New York City officials recently acknowledged that the personal information of about 820,000 current and former students was compromised in a cybersecurity lapse. Find out what’s happening in New York City with free, real-time updates from Patch. If you’re a caregiver wondering what that means for your family, here’s a guide with steps you can take to better protect your identity and your child’s, according to privacy experts.

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Education Student loans Student Loans Loans 40

Collection Industry News

APRIL 4, 2022

Source- site. Joe Biden has been betraying his campaign promise to allow borrowers to discharge their student debts through bankruptcy. In a new letter, 27 Democratic senators are demanding the administration stop trying to overturn court rulings that help student debtors. Despite Joe Biden’s campaign promise to allow borrowers to discharge their student debts through bankruptcy, the administration has continued to fight debtors in bankruptcy court.

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Student loans Student Loans Debtor Bankruptcy 40

Collection Industry News

APRIL 4, 2022

Source- site. President Biden is in a difficult position on student loans ahead of the midterms, as pressure builds from borrowers and Democrats for widespread cancellation. Adding to the pressure is a key deadline: On May 1, millions of borrowers will have to pay unless a freeze on federal student loan payments put in place during the pandemic is extended.

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Student loans Student Loans Loans Education 40

Collection Industry News

APRIL 4, 2022

Source- site. First passed in the early months of the COVID-19 pandemic in the spring of 2020, statewide eviction moratoriums have been extended numerous times in 2020 , in 2021 , and, due to the rise of different variants, through 2002 until March 31st of this year. However, in the past two years, both tenants and landlords alike have faced numerous hardships and questions about eviction.

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Credit Unions