Account Recovery

MARCH 17, 2023

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? Call … The post FDCPA Class Action Filed Over Whether Attorney was Acting as Collection Agency first appeared on AccountsRecovery.net.

Collection Agencies 130

Collection Agencies Collections Agency Collections 130

Nerd Wallet

MARCH 17, 2023

Randa Kriss writes for NerdWallet. Email: rkriss@nerdwallet.com. The article Using the SBA 7(a) Loan as a Business Acquisition Loan originally appeared on NerdWallet.

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Acquisition Loans 91

Account Recovery

MARCH 17, 2023

The Consumer Financial Protection Bureau yesterday released a bulletin warning companies to go back and look at money it collected from individuals with student loans to make sure they were not collecting money for loans that had been properly discharged during bankruptcy proceedings, and if it had collected on those loans, to return that money … The post Companies Illegally Collecting on Student Loans Discharged in Bankruptcy: CFPB first appeared on AccountsRecovery.net.

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Student loans Student Loans Bankruptcy Loans 130

Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Optimism Reigns Amid Affordability Challenges originally appeared on NerdWallet.

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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

MARCH 17, 2023

Too little, too late, a District Court judge in New York has ruled, granting a defendant’s motion to dismiss a Fair Debt Collection Practices Act case, determining that claims raised by the plaintiff in opposing the motion to dismiss to prove she had standing do not reach the threshold necessary to allow the case to … The post Judge Grants MTD in FDCPA Case for Lack of Standing first appeared on AccountsRecovery.net.

Fair Debt Collection 130

Fair Debt Collection Collections 130

Account Recovery

MARCH 17, 2023

The U.S. Chamber of Commerce’s Institute for Legal Reform has published a report calling out plaintiff’s attorneys for filing hundreds or thousands of similar demands against a defendant in arbitration proceedings that force defendants to settle claims in a form of “blackmail.” A copy of the report can be accessed by clicking here.

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Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article 2020 Home Improvement Report originally appeared on NerdWallet.

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Account Recovery

MARCH 17, 2023

FDCPA CLASS ACTION FILED OVER WHETHER ATTORNEY WAS ACTING AS COLLECTOR Having read a fair number of complaints invoking allegations of the Fair Debt Collection Practices Act, there are a lot of similar points in the collection process where a plaintiff feels that he or she has been wronged. This, however, is the first complaint … The post Daily Digest – March 17.

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Fair Debt Collection Collections 130

Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Recent Home Buyers Stretched, Future Hunters Optimistic originally appeared on NerdWallet.

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Collections

FFGN COLLECT NY

MARCH 17, 2023

In order to allow creditors time to file actions that might have gone past the statute of limitations due to the shutdown of the New York courts during the COVID-19 pandemic, the governor issued a series of executive orders that have had long-term effects on New York debt collection litigation. At the onset of the pandemic, Governor Cuomo issued Executive Order 202.8 , which stopped the clock on the statute of limitations on civil cases including debt collection matters until April 19, 2020.

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Collections Creditors Lender Loans 52

Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article NerdWallet 2018 Home Buyer Report originally appeared on NerdWallet.

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Troutman Sanders

MARCH 17, 2023

On March 2, Florida State Representative Doug Bankston introduced HB1353, the Florida Commercial Financing Disclosure Law, that would mandate covered commercial financing companies provide consumer-like disclosures for certain commercial financing transactions. The law would also define and prohibit specific acts by brokers of those transactions, including the collection of advance fees.

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Banks Loans Collections 52

Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Home Buyers Still Hopeful, Would-Be Sellers Less So originally appeared on 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

MARCH 17, 2023

In February, Massachusetts Attorney General Joy Campbell announced a $6.5 million settlement with Safe Home Security, its CEO, and affiliated companies to resolve allegations that their practices violated state consumer protection laws by “trapping Massachusetts consumers in long-term auto renewal contracts” and engaging in illegal debt collection practices, among other activities.

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Third-party Debt Collectors Collections Debt collector Judgment 52

Nerd Wallet

MARCH 17, 2023

Brian O'Connor writes for NerdWallet. Email: articles@nerdwallet.com. The article Lead Generation Strategies for Small Businesses and Startups originally appeared on NerdWallet.

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Startups 71

Troutman Sanders

MARCH 17, 2023

The Federal Trade Commission (FTC) announced that it is launching an inquiry into the small business credit reporting industry. Specifically, it is ordering five firms to provide detailed information about their products and processes. According to the FTC, the impetus for this inquiry is that unlike consumer reports, which are governed by the Fair Credit Reporting Act, there is no federal law that specifically outlines processes and protections for small businesses credit reporting.

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Trade Government 52

Nerd Wallet

MARCH 17, 2023

NerdWallet writes for NerdWallet. Email: kspillane@nerdwallet.com. The article Reverse Mortgage: What It Is, How Seniors Use It originally appeared on NerdWallet.

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Collections

NACM

MARCH 17, 2023

☀ Today's episode of NACM's Extra Credit podcast is all about learning from failure! ? Hear from Eve Sahnow, CCE; Mary Moore, CBA; Amy Cook, CCE; and Kevin Stinner.

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Nerd Wallet

MARCH 17, 2023

NerdWallet writes for NerdWallet. Email: kspillane@nerdwallet.com. The article Millennials and Homebuying: Myths and Reality originally appeared on NerdWallet.

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Enterprise Recovery

MARCH 17, 2023

The recent Silicon Valley Bank crisis sent ripples through the world of small businesses, startups, and venture capital. Thankfully, the crisis was mainly thwarted by getting bailed out and addressed by calls for regulation by the Biden administration. But it set enough investors on edge to recognize that it's not the first crisis to affect businesses, and it certainly won't be the last.

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Startups Banks Collections 183

Nerd Wallet

MARCH 17, 2023

Drew Gula writes for NerdWallet. Email: dgula@nerdwallet.com. The article The Best Car Insurance in California for 2023 originally appeared on NerdWallet.

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Auto Insurance 74

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.

Nerd Wallet

MARCH 17, 2023

Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com. The article What Is a Bank Run? originally appeared on NerdWallet.

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Banks 80

Nerd Wallet

MARCH 17, 2023

Elizabeth Renter writes for NerdWallet. Email: elizabeth@nerdwallet.com. Twitter: @elizabethrenter. The article Home Buyer Optimism Returns After Harsh 2020 originally appeared on NerdWallet.

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Nerd Wallet

MARCH 17, 2023

Valerie Lai writes for NerdWallet. Email: articles@nerdwallet.com. The article 5 Reasons to Talk to a Lender Before You Start House-Hunting originally appeared on NerdWallet.

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Lender 63

Nerd Wallet

MARCH 17, 2023

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article Have a Job and a Side Gig? Watch for These Missteps originally appeared on NerdWallet.

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The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.

Credit Unions