Account Recovery

NOVEMBER 2, 2021

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a class action Fair Debt Collection Practices Act case over language related to furnishing information about an unpaid debt to a credit reporting agency in a collection letter. A copy of the ruling in the case of Knight v. AR Resources … The post Judge Grants MTD in FDCPA Case Over Credit Reporting Language in Letter appeared first on AccountsRecovery.net.

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In the Red

NOVEMBER 2, 2021

. Each year amendments are made to the Federal Rules of Bankruptcy Procedure, which govern how bankruptcy cases are managed. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

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Account Recovery

NOVEMBER 2, 2021

NYDFS ISSUES AMENDMENTS TO DEBT COLLECTION RULES; COMMENT PERIOD OPEN UNTIL NEXT WEEK The New York Department of Financial Services has issued a series of amendments to its debt collection rules for third-party debt collectors and debt buyers that could change how consumers are communicated with, including the information that must be provided after an … The post Daily Digest – November 2.

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Credit Corp

NOVEMBER 2, 2021

In a Nutshell. Yes, you might be able to get a home loan even if you owe taxes. Owing taxes or having a tax lien does make it harder and more complicated to get a mortgage. You can improve your chances of mortgage approval by actively working to resolve your tax debt even if you can’t pay it all off immediately. Failing to pay your federal income taxes can lead to the Internal Revenue Service placing a lien on your property or your assets.

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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

NOVEMBER 2, 2021

Everything WebRecon tracks and reports was in the red for September, compared with August’s totals, and most were down when compared to the totals for September 2020, as well, which might offer collection agencies a brief reprieve as they focus much of their attention on getting ready for the enactment of Regulation F. Compared with … The post Numbers Down For September, But CFPB Complaints Already Setting Records: WebRecon appeared first on AccountsRecovery.net.

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Account Recovery

NOVEMBER 2, 2021

The New York Department of Financial Services has issued a series of amendments to its debt collection rules for third-party debt collectors and debt buyers that could change how consumers are communicated with, including the information that must be provided after an initial communication is made. Comments on the proposed rule are due by Monday, … The post NYDFS Issues Amendments to Debt Collection Rules; Comment Period Open Until Next Week appeared first on AccountsRecovery.net.

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Third-party Debt Collectors Collections Debt collector Financial services 245

Burr Forman

NOVEMBER 2, 2021

On October 30, 2021, the Tennessee General Assembly passed significant legislation that severely curtails the ability of private employers in Tennessee to implement COVID-19 restrictions in the workplace. The new law is expected to be signed by Governor Lee later this week and then to take effect immediately. COVID-19 Vaccines. The new Tennessee law prohibits private businesses from requiring or compelling proof of vaccination for employees and customers.

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Account Recovery

NOVEMBER 2, 2021

Rather than dismiss a case as directed by the Sixth Circuit Court of Appeals, a District Court judge in Tennessee has decided to allow a plaintiff to file a second amended complaint against a collection agency for allegedly violating the Fair Debt Collection Practices Act because it did not use its true name during telephone … The post Judge Grants Plaintiff’s Motion to File Amended Complaint in Case Back From Appeals Court appeared first on AccountsRecovery.net.

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Nerd Wallet

NOVEMBER 2, 2021

Black Friday sales are a temptation you’ll likely battle during the holidays. But these seasonal treats are all about cash, not calories. If you’re determined not to overindulge in debt, here are some ways to avoid loosening the belt on your budget. Prioritize needs One idea is to plan your spending. Not easy. “Prioritize needs. Hal M. Bundrick, CFP writes for NerdWallet.

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Collections

Troutman Sanders

NOVEMBER 2, 2021

On October 29, the Consumer Financial Protection Bureau (CFPB or Bureau) announced leadership changes in two positions: the assistant director for the Office of Supervision Policy and the assistant director for the Office of Enforcement. Lorelei Salas joined the Bureau as assistant director for the Office of Supervision Policy and will also serve as the acting assistant director for supervision examinations.

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Nerd Wallet

NOVEMBER 2, 2021

Your home is probably one of your biggest assets, so it’s worth doing your homework before you choose a company to insure it. Each carrier has a slightly different combination of coverage options, discounts and claims handling processes. These homeowners insurance reviews can help you evaluate a wide range of companies to find the policy. NerdWallet writes for NerdWallet.

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Roths Child Law

NOVEMBER 2, 2021

When your finances are not in order, declaring bankruptcy may be one way to turn things around. It can be an overwhelming process given the many documents you need to gather, forms you need to complete, and courses you need to finish. However, it may give you a fresh start in terms of getting your finances in line. If you are thinking of filing for Chapter 7 bankruptcy, below are some tips you might want to consider beforehand.

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Nerd Wallet

NOVEMBER 2, 2021

In a huge milestone for battling the COVID-19 pandemic, the Centers for Disease Control and Prevention has endorsed authorization of Pfizer-BioNTech’s coronavirus vaccine for children 5 to 11 years old. The news comes just as many families are making holiday travel plans — or at least wondering if they should — based on how the. 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

Fico Collections

NOVEMBER 2, 2021

. Top-performing digital collections technology should easily co-ordinate a full range of omnichannel customer contact channels, including social media, text, mobile apps, chat-bots and automated telephone calls. This is one of the fundamentals of digital-first collections. But despite the so-called 'dialler' being something of a legacy process (it has been around for more than 20 years), it continues to deliver strong returns for debt collection.

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Nerd Wallet

NOVEMBER 2, 2021

While it may not be a household name in the U.S., Virgin Atlantic offers flyers a great value with its Flying Club loyalty program. Once you understand the program’s point system, award chart and relationship with partner airlines, you’ll be able to find redemption sweet spots for flights all over the globe. We’ve identified five. Lee Huffman writes for NerdWallet.

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Albuquerque Law

NOVEMBER 2, 2021

With the holiday season fast approaching, you might be feeling anxious about your plans – and your budget. It is common for individuals to rack up debt with all of the holiday spending across New Mexico and the country. However, if you already face financial stress, how can you keep that stress and debt from becoming overwhelming? Here are some tips to help you stick to a budget and save money. 1.

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Nerd Wallet

NOVEMBER 2, 2021

It’s great to receive equity compensation. It’s even better if you know how to maximize that benefit. But with so many different types of equity compensation plans, it’s important to understand their differences so you can start on the right foot. What is equity compensation? Equity compensation, also called stock-based compensation, refers to various noncash.

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Collections

Consumer Finance

NOVEMBER 2, 2021

Deputy Director Zixta Martinez remarks at the November 3, 2021 CAB meeting.

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Nerd Wallet

NOVEMBER 2, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Target has already launched Black Friday discounts, with more deals dropping weekly. But the popular retailer. NerdWallet writes for NerdWallet.

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Nerd Wallet

NOVEMBER 2, 2021

Because of airline partnerships, travelers can redeem miles for flights on partner airlines to travel to destinations all around the world. For example, you can now redeem Alaska miles to fly Qatar Airways to the Maldives or redeem American miles to fly Air Tahiti Nui flights to Tahiti. However, there’s a limit to the flexibility. JT Genter writes for NerdWallet.

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