Account Recovery

FEBRUARY 1, 2022

Five of the nation’s major banking trade groups have sent a letter to Rohit Chopra, the Director of the Consumer Financial Protection Bureau, asking the Bureau to conduct a consumer study or focus groups before making any decisions on what to do about overdraft fees, arguing that the information published by the CFPB so far … The post Banking Groups Ask CFPB to Conduct Research Into Overdraft Fees Before Making Decisions appeared first on AccountsRecovery.net.

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Banks Trade Credit Unions Credit Unions 246

Nerd Wallet

FEBRUARY 1, 2022

Credit card processing fees eat into the profits of every small business. And the increased popularity of rewards cards can push this business expense even higher. Adding a surcharge fee to the sales price of credit card transactions may seem like a good solution. However, there are specific rules that a business needs to follow. Lisa Anthony writes for NerdWallet.

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Account Recovery

FEBRUARY 1, 2022

JUDGE DENIES MTD IN FDCPA CLASS ACTION, RULES POSTAGE CONFERS STANDING For more than a year, judges across the country have been attacking the issue of standing and whether plaintiffs suing collectors for violating the Fair Debt Collection Practices Act have suffered a concrete injury. In many of those cases, judges have indicated that a … The post Daily Digest – February 1.

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Fair Debt Collection Collections 246

Nerd Wallet

FEBRUARY 1, 2022

Many Americans struggle with debt at one point or another. For some, it’s the result of adversity, like losing a job or getting hit with a medical bill. For others, though, debt can be cyclical and not tied to a specific circumstance. If you’re consistently taking on more debt than you can manage, financial therapists. Jackie Veling writes for NerdWallet.

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Personal loans Loans 86

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

FEBRUARY 1, 2022

For more than a year, judges across the country have been attacking the issue of standing and whether plaintiffs suing collectors for violating the Fair Debt Collection Practices Act have suffered a concrete injury. In many of those cases, judges have indicated that a concrete injury is more than just anxiety or emotional distress; there … The post Judge Denies MTD in FDCPA Class Action, Rules Postage Confers Standing appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 245

Account Recovery

FEBRUARY 1, 2022

Following up on yesterday’s article about how consumer payment trends are changing and continuing to push more toward digital channels and away from checks and cash is another study that reveals that three-quarters of consumer payments will be handled by non-traditional financial services institutions by the end of this decade, up from 60% just two … The post Study Sheds Light On Shifting Consumer Payment Preferences appeared first on AccountsRecovery.net.

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Financial services 244

Nerd Wallet

FEBRUARY 1, 2022

With so many options for banking, finding the right bank account isn’t as simple as selecting the one that offers the highest annual percentage yield or promises absolutely no fees. For example, you could be doing yourself a disservice by going with the account that pays a higher interest rate if there are requirements that. Ruth Sarreal writes for NerdWallet.

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Banks 83

Account Recovery

FEBRUARY 1, 2022

A District Court judge in Arizona has certified a class in a Telephone Consumer Protection Act case that alleged a financial institution made collection calls using an artificial or prerecorded voice to more than 1 million non-customers on their cell phones without first obtaining consent. A copy of the ruling in the case of Head … The post Judge Certifies Class in Wrong Number TCPA Case Involving Collection Calls appeared first on AccountsRecovery.net.

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Financial Institution Collections 235

Prosperity Now

FEBRUARY 1, 2022

Tax filing season just started, and taxpayers are—once again—in for a rough ride.

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Collections

Nerd Wallet

FEBRUARY 1, 2022

Student loan forgiveness through income-driven repayment sounds like the best of all worlds: a monthly payment sized to match your paycheck that disappears — along with any remaining balance — after a set number of years. But a new NerdWallet analysis finds most borrowers are unlikely to ever see that debt forgiven, despite the baked-in. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans 80

UK debt collections

FEBRUARY 1, 2022

With unpaid invoices stalling post-covid financial recovery for many small businesses, we have complied a list of 6 top small business debt collection tips. We have drawn on the kind assistance of leading Small Business Debt Collection Experts Federal Management to advise on the best way to make telephone calls. If your small business invoices remain unpaid, you need to step out of your comfort zone to ensure you get paid.

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Collections Collection Agencies Collections Agency Debtor 64

Nerd Wallet

FEBRUARY 1, 2022

Many will agree that Vancouver is one of the most beautiful cities on the North American West Coast. It draws visitors for its natural surroundings and lively city center, and as a departure point for many cruise ships. Whether you’re visiting for work or pleasure or are simply passing through, these are seven of the. Ramsey Qubein writes for NerdWallet.

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Troutman Sanders

FEBRUARY 1, 2022

In Almada v. Krieger , No. 21-55275 (9th Cir. Jan. 24, 2022) , the Ninth Circuit partially reversed a decision by the U.S. District Court for the Southern District of California, granting summary judgment in favor of a debt collector in a Fair Debt Collections Practices Act (FDCPA) case. In doing so, it held that a collection letter, which indicated that the debtor could only dispute the underlying debt in writing, violated the FDCPA.

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Debt collector Judgment Fair Debt Collection Debtor 59

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

Nerd Wallet

FEBRUARY 1, 2022

Square Online is an e-commerce platform that lets you create a website, manage a variety of sales channels and take payments online — all without needing technical expertise. Its long list of features makes it able to adapt to a variety of industry-specific needs. For example, restaurants can choose from multiple delivery options, retailers can. Kurt Woock writes for NerdWallet.

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Retail 74

Troutman Sanders

FEBRUARY 1, 2022

Last month, the Consumer Financial Protection Bureau (CFPB) issued orders to five companies offering buy now, pay later (BNPL) products, asking them to provide information on several topics, including: Business models, BNPL performance metrics, Disclosures and other consumer protections, User demographics, and. Data harvesting and monetization. For more information the CFPB’s inquiry, please see our post covering those orders here.

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Nerd Wallet

FEBRUARY 1, 2022

If you’re planning to fly with Southwest Airlines, you may be wondering what the difference is between the fare types. Southwest Airlines has three different types of fares, so you’ll need to decide which kind of ticket makes the most sense for your travel needs. This guide will explain Southwest’s most affordable fare type —. Natasha Gabrielle writes for NerdWallet.

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Fraser

FEBRUARY 1, 2022

Michigan’s auto insurance law requires drivers/owners of motor vehicles operated on Michigan streets/roads to carry three types of coverage: Personal injury protection (PIP) for medical expenses/work loss, property protection, and residual bodily injury and property damage liability. While these coverages are mandatory, you should also consider purchasing uninsured and underinsured motorist insurance coverage.

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Auto Insurance Lawyers 52

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Collections

Nerd Wallet

FEBRUARY 1, 2022

MGM Resorts International, which runs more than a dozen properties in Las Vegas including the Bellagio, MGM Grand, Mandalay Bay and New York New York, as well as other resorts around the U.S., China and Japan, announced today a massive overhaul to its loyalty rewards program. What’s changing for M Life The name change from. Sally French writes for NerdWallet.

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Burr Forman

FEBRUARY 1, 2022

Last week, USCIS announced the H-1B visa cap registration deadlines for FY2023. Registration is mandatory for employers wishing to sponsor a candidate for an H-1B visa in the FY2023 H-1B cap cycle. Registration is an annual electronic process through which USCIS receives registrations from employers for the H-1B lottery. USCIS has historically conducted a random H-1B lottery because more visas are requested each year than are available.

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Nerd Wallet

FEBRUARY 1, 2022

Stripe is well known as a powerful payment processing platform for e-commerce businesses, but the company also offers point-of-sale hardware and software for in-person transactions. With Stripe Terminal, you can integrate in-person payments into your online payment setup, or vice versa. Its transparent pricing and customizable features make it a good choice for online-first businesses.

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Collection Industry News

FEBRUARY 1, 2022

Source- site. Bombarded with calls and letters from bill collectors, Nila Payton can’t recall precisely how she ended up owing $4,000 in medical debt to her employer, UPMC. But she knows more than half came from a rough 2018, after she endured a difficult pregnancy, surgery to remove her gallbladder, and the treatment of her newborn in the neonatal intensive care unit for several weeks because of a medical crisis.

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Third-party Debt Collectors Government Healthcare Debt collector 52

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

FEBRUARY 1, 2022

Small businesses can use the reorder point formula to calculate when items need to be replenished before their inventory levels hit zero. Using this inventory management tool can help avoid an unwanted out-of-stock message for your customers, which can often be disruptive to their shopping experience. What is a reorder point? The reorder point is. Benjamin Din writes for NerdWallet.

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Collection Industry News

FEBRUARY 1, 2022

Source- site. Equities research analysts expect that PRA Group, Inc. (NASDAQ:PRAA) will post $251.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PRA Group’s earnings. The lowest sales estimate is $246.86 million and the highest is $254.48 million. PRA Group reported sales of $273.86 million in the same quarter last year, which indicates a negative year over year growth rate of 8.3%.

Loans 52

Loans Bankruptcy Collections Government 52

Nerd Wallet

FEBRUARY 1, 2022

Income-driven repayment plans — a safety net within the federal student loan repayment system touted as a solution for federal borrowers struggling to pay back their loans — promises lower monthly payments and forgiveness after 20 or 25 years. But repayment projections calculated by NerdWallet show forgiveness is unlikely for most borrowers. Among those who do eventually.

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Student loans Student Loans Loans 70

Collection Industry News

FEBRUARY 1, 2022

Source- site. The CFPB settled a Federal Advisory Committee Act (FACA) lawsuit, which alleged that the CFPB’s 2019 Taskforce on Federal Consumer Law (the Taskforce) did not comply with FACA’s public disclosure of documents requirement. The CFPB created the Taskforce to provide recommendations to improve consumer financial laws and regulations. The National Association of Consumer Advocates, U.S.

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Collections 40

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Credit Unions