Account Recovery

AUGUST 24, 2022

A Georgia man has been sentenced to six years in prison while also being ordered to pay $910,417 in restitution after pleading guilty in a scam that led to $48 million of federal student loans being fraudulently discharged through a program intended for disabled military veterans. De’reek Banks illegally pocketed nearly $900,000 in payments from … The post Student Loan Debt Relief Scammer Gets 6 Years in Prison appeared first on AccountsRecovery.net.

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Nerd Wallet

AUGUST 24, 2022

After months of rumor and speculation, President Joe Biden announced the details on a broad vision for student loan debt repayment and debt cancellation on Wednesday. Through an executive order, federal student loan borrowers who meet income requirements will see $10,000 in debt canceled. If the borrower received a Pell Grant to attend school, the. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans 137

Account Recovery

AUGUST 24, 2022

CALIFORNIA APPEALS COURT OVERTURNS RULING IN FAVOR OF COLLECTOR THAT STAPLED NOTE TO SUMMONS A least sophisticated consumer would have thought that the note, which provided instructions to call the agency if the individual had any questions, was coming from the court, the Appeals Court ruledThe defendant argued that the note was not a communication … The post Daily Digest – August 24.

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Student loans Student Loans Loans 246

UK debt collections

AUGUST 24, 2022

The latest Data analysed by Mazars shows the number of struggling businesses applying for Company Voluntary Arrangements (CVAs) has fallen by 47%. It is suggested that this large drop is due to a change in the laws in 2020 which made HMRC a preferred creditor when businesses go bust. A company voluntary arrangement (CVA) can be used when a company is insolvent.

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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

AUGUST 24, 2022

Chicago, IL – August 23, 2022 – Provana, provider of the industry’s first unified platform for compliance and performance management today announced the addition of Kelli Edmonds to its Executive Advisor team. Ms. Edmonds recently stepped down as SVP of Business Control and Risk Management at Santander Consumer USA to focus on her own business. She … The post Provana Adds Kelli Edmonds as Executive Advisor appeared first on AccountsRecovery.net.

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Account Recovery

AUGUST 24, 2022

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 23 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 243

Nerd Wallet

AUGUST 24, 2022

Smoking in your car is harmful to you and your passengers, but it also hurts the resale value of your car. Smoking can reduce the car’s trade-in value by at least $500, according to Richard Arca, director of vehicle valuations and analytics for auto website Edmunds. Other sources put the cost even higher. A study. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com.

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Account Recovery

AUGUST 24, 2022

This is one of those “no good deed goes unpunished” type of stories. A California Appeals Court has overturned a summary judgment ruling in favor of a collector that was sued for violating the Fair Debt Collection Practices Act and the Rosenthal Fair Debt Collection Practices Act by stapling a note to a court-provided summons, … The post Calif.

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Fair Debt Collection Judgment Collections 237

Nerd Wallet

AUGUST 24, 2022

It’s a terrible feeling to arrive at a checkout screen and realize that the cost far exceeds the original listed price. This practice of adding fees throughout the checkout process is called “drip pricing,” and the travel industry is one of the worst offenders. Airlines add baggage and seat selection fees. Hotels drop resort fees. Sam Kemmis writes for NerdWallet.

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Collections

True Accord

AUGUST 24, 2022

Buy Now, Pay Later (BNPL) plans have taken over as a popular financing option for consumers, partly due to an increase in online shopping demands during the pandemic. In 2021, Americans spent more than $20 billion through BNPL services , taking up a bigger part of the $870 billion-a-year online shopping market. From laptops and airline flights to clothing and furniture, BNPLs make it simple to pay for almost anything in small installments.

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Credit Card Debt Retail Debt Recovery Collections 82

Nerd Wallet

AUGUST 24, 2022

Term life insurance is often defined as temporary coverage because it only lasts for a limited number of years. Although lifelong coverage may sound more appealing, there are many advantages to term life worth considering. It’s cheaper than permanent life insurance, plus the shorter coverage is typically sufficient for most people. That’s because life insurance.

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Troutman Sanders

AUGUST 24, 2022

Banking trade groups are challenging a request for information (RFI) issued by the Consumer Financial Protection Bureau (CFPB) regarding customer service at large financial institutions. In a joint letter dated August 22, the Bank Policy Institute, Consumer Bankers Association, and the American Bankers Association objected to the CFPB’s insinuation that big banks are providing a sub-par customer experience and challenged the CFPB’s authority to regulate customer service.

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Banks Financial Institution Trade 52

Nerd Wallet

AUGUST 24, 2022

One of the best-known benefits of The Platinum Card® from American Express is Centurion Lounge access — which admits you into a luxurious world of free food and comfy seats at a handful of major airports. But one of the least-known, and hardly-advertised benefits of that card is American Express Business Lounge Access. Terms apply. Sally French 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

NACM

AUGUST 24, 2022

All eyes are on the Federal Reserve as it fights the worst inflation in four decades with aggressive interest rate hikes. Most economists (73%) expect the Fed to be unsuccessful in taming inflation in the next two years without triggering a recession, according to the National Association for Business Economics (NABE). 72% predict a recession by th.

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Nerd Wallet

AUGUST 24, 2022

Medicare Part A covers hospitalizations, but you’re responsible for the Part A deductible. After 60 days you’ll have to pay coinsurance, and the amount increases based on the length of your stay. Does Original Medicare cover hospital stays? With the cost of a three-day hospital stay averaging around $30,000, making sure you’re covered for hospital. Roberta Pescow writes for NerdWallet.

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Account Recovery

AUGUST 24, 2022

Because an announcement is expected from the White House today regarding how it will address the topic of student loan debt cancellation, the timing is coincidental to report that a bill has been introduced in the House of Representatives that would prevent the Biden Administration from “enacting blanket student loan forgiveness.” H.R. 8729, “The Debt … The post Bill Introduced to Prevent Mass Student Loan Debt Cancellations As White House Preps Announcement appeared firs

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Student loans Student Loans Loans 246

Nerd Wallet

AUGUST 24, 2022

If you have a credit card that earns Chase Ultimate Rewards®, American Express Membership Rewards, Capital One or Citi ThankYou points, you hold valuable travel rewards because the points can be transferred to airline and hotel partners. Once transferred, those points can be used to book award flights and hotel nights. Although most point transfers.

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Collections

Sawin & Shea

AUGUST 24, 2022

Declaring bankruptcy can be incredibly daunting, but sometimes it’s the best option for moving forward to financial freedom. This is especially the case if you’re behind on your mortgage payments. Although sometimes borrowers can receive a forbearance or work out a repayment plan with their lenders, many are unable to reach this agreement, meaning they’re at risk of losing their homes.

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Nerd Wallet

AUGUST 24, 2022

The BPme Rewards Visa Signature Card, issued by First National Bank of Omaha, stands out among other ho-hum co-branded gas station credit cards. Yes, the card can help you save money at hundreds of BP and Amoco gas stations across the United States, but it’s more than just a “cents-off-per-gallon” companion for brand loyalists. Unlike. Melissa Lambarena writes for NerdWallet.

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Banks 72

Nerd Wallet

AUGUST 24, 2022

When shopping for life insurance quotes, make sure to: Compare quotes from various insurers to get the best price possible. Select life insurance policies with the same level of coverage to get the most accurate comparison. Check the features of each life insurance policy you compare. Some policies may include free life insurance riders that. Georgia Rose writes for NerdWallet.

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Nerd Wallet

AUGUST 24, 2022

Proof-of-work cryptocurrencies are digital assets that use a process known as mining to reward users who keep track of transactions and balances on an underlying blockchain network. Bitcoin, Litecoin and Dogecoin are among the popular proof-of-work cryptocurrencies. The mining process at the center of proof-of-work systems can be very energy intensive, which has fueled environmental.

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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.