Account Recovery

JANUARY 12, 2022

In yet another sign of the uncertainty that many people are facing these days, more consumers expect to not be able to make a minimum debt payment in the next three months, but fewer people believe they will be much worse off, financially, a year from now, according to data that was released this week … The post Fed Survey Illustrates Consumer Uncertainty Over Direction of Economy appeared first on AccountsRecovery.net.

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Banks 246

Nexa Collect

JANUARY 12, 2022

If you plan to outsource your accounts receivable to an aggressive collection agency, then kindly read this article and be aware of all the risks you are taking. Times have changed when collectors could easily put aggressive pressure on debtors or use forceful tactics to recover your money, without any repercussions. There are well-defined debt collection laws, both at the federal and state level, that prohibit debt collection companies from using abusive, unfair or deceptive practices to collec

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Collection Agencies Collections Agency Debt collector Collections 130

Account Recovery

JANUARY 12, 2022

It appears as though Douglas MacKinnon has successfully avoided being sent to jail, even though a two-day hearing this week did not provide all the details that prosecutors and the Consumer Financial Protection Bureau are looking for as they seek to enforce a $60 million judgment against him. Even though he hasn’t turned over any … The post MacKinnon Avoids Jail Following Hearing Into Lack of Compliance With $60M Judgment appeared first on AccountsRecovery.net.

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Judgment 245

Consumer Finance

JANUARY 12, 2022

The Consumer Financial Protection Bureau (CFPB) today released a bulletin reminding debt collectors and credit bureaus of their legal obligations in light of the No Surprises Act, which protects consumers from certain unexpected medical bills.

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Debt collector Collections Fair Debt Collection 107

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

JANUARY 12, 2022

JUDGE SETS ASIDE DEFAULT AGAINST DEFENDANT BECAUSE OF COVID-19 RESTRICTIONS A District Court judge in Ohio has granted a defendant’s motion to set aside a default and default judgment that was entered against it in a Fair Debt Collection Practices Act lawsuit after it was unable to respond to the complaint in a timely manner … The post Daily Digest -January 12.

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Fair Debt Collection Judgment Collections 243

Account Recovery

JANUARY 12, 2022

A District Court judge in Ohio has granted a defendant’s motion to set aside a default and default judgment that was entered against it in a Fair Debt Collection Practices Act lawsuit after it was unable to respond to the complaint in a timely manner as a result of lockdown provisions that were instituted as … The post Judge Sets Aside Default Against Defendant Because of COVID-19 Restrictions appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections 242

Nerd Wallet

JANUARY 12, 2022

An additional insured endorsement changes an insurance policy to expand coverage to a person or organization that isn’t named in the original policy. You may need to add other parties to your business insurance policy if you lease space or work as a subcontractor. To break the term down further, an “additional insured” is a. Rosalie Murphy writes for NerdWallet.

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Account Recovery

JANUARY 12, 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 19 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.

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Accounts Receivables Management Collections 242

Nerd Wallet

JANUARY 12, 2022

Airline rewards programs are complicated. It might seem like you need a Ph.D. in complex systems (or at least fine-print reading) to understand them. But underneath the complex gobbledygook lies a simple pair of questions: How many points or miles do you earn per dollar spent on flights? How much are those points or miles. Sam Kemmis writes for NerdWallet.

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Collections

Credit Corp

JANUARY 12, 2022

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Shopping for “needs” is one thing, but we all know how huge sales can convince us to stock up on “wants.” You know how it goes–you head to the store to pick up bread and milk only to come home with a new coffeemaker.

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Credit Card Debt 98

Nerd Wallet

JANUARY 12, 2022

Navigating hotel rewards programs can be a daunting task. From point-earning promotions to elite status upgrades and thousands of other factors, it’s easy to feel overwhelmed. Yet, for most travelers, it all boils down to two simple variables: How many points you earn with a hotel loyalty program for every dollar spent. How much these. Sam Kemmis writes for NerdWallet.

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Sawin & Shea

JANUARY 12, 2022

Debt elimination is typically one of the primary reasons a debtor will pursue bankruptcy. While filing for bankruptcy is often the best course of action if you are overwhelmed by debt and struggling to stay afloat, it’s important to understand what debts can and cannot be discharged in bankruptcy. Bankruptcy can often eliminate most of or make it easier to pay off your debt—it simply depends on the type of debt you have and the type of bankruptcy you file.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Student loans 52

Nerd Wallet

JANUARY 12, 2022

After snagging the welcome offer a few years ago on the Delta SkyMiles® Gold American Express Card, Ben Komenkul had sandy shores and palm trees in his future. The 45-year-old California resident used a portion of the 70,000 miles earned to jet-set to the Dominican Republic with his wife and daughter to celebrate their birthdays. Massages. Melissa Lambarena 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

JANUARY 12, 2022

Q. My company uses dash-cams to monitor driver conduct, but the company is not located in Illinois. Do I still have to comply with the Biometric Information Privacy Act? A. Yes, as long as the company has drivers who are Illinois residents, you must comply with BIPA. The good news, however, is that as long as your company fully complies with the statute, it can continue to use telematics.

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Payment Savvy

JANUARY 12, 2022

We’ve all received a mailed billing statement from our healthcare provider that made us angry and confused. Ancient procedures still dominate the healthcare industry, and providers are long overdue for an upgrade. Disconnects like this put patient loyalty and satisfaction at risk for providers and hospitals. Throughout this post, we’ll discuss how adopting contactless healthcare payments and utilizing payment technology can rid the industry of these old practices and create solid and

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Healthcare Startups Banks Collections 52

Burr Forman

JANUARY 12, 2022

The South Carolina Department of Revenue (SC DOR) annually ranks and designates the state’s 46 counties into four tiers based upon unemployment rate and per capita income ( See S.C. Code Section 12-6-3360(B). Tier designation is important because it directly affects the amount of Job Tax Credit (JTC) a business can receive as a reward for creating and maintaining new jobs in South Carolina.

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Government 52

Fico Collections

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Our lively discussion touched on a wide range of topics, and I encourage you to watch our entire talk for all the details.

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Financial Institution Retail Banks 52

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Collections

Burr Forman

JANUARY 12, 2022

Burr & Forman announces that 67 of its Alabama, Mississippi, and Tennessee attorneys have been selected for inclusion among Mid-South Super Lawyers for 2021. This also includes 29 attorneys who were recognized as “Rising Stars,” up-and-comers under the age of 40. Only five percent of the lawyers in the state are named by Super Lawyers, and no more than two-and-a-half percent of the lawyers in the state are Rising Stars.

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Lawyers Bankruptcy Construction Debtor 52

ABI

JANUARY 12, 2022

Julia Merani. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” as provided by section 523(a)(8). [1] In Hull v.

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Student loans Student Loans Loans Debtor 45

Public Citizen

JANUARY 12, 2022

Bank of America has announced that, in February, it will cut the fees it charges customers for overdrawing their checking accounts and, starting in May, will eliminate non-sufficient funds fees. CNN reports that other banks, such as Capitol One and Ally, have also cut fees. The federal government has been encouraging banks to waive these fees to provide relief to consumers experiencing severe financial strain during the pandemic.

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Banks Government 40

ABI

JANUARY 12, 2022

Michael F. Pecorella. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . . In 2017, Congress enacted certain amendments (the “2017 Amendment”) that increased the quarterly fees to be paid by debtors to the Office of the United States Trustee in larger cases pending under Chapter 11 of the United States Code (the “Bankruptcy Code”). [1] The increased fees became payable to the United States Trustee in all Chapter 11 cases pending in the districts un

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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.

NACM

JANUARY 12, 2022

The global economy had a strong initial rebound following the start of the pandemic. However, as the Omicron variant continues to rapidly spread, the economy is entering a slowdown phase, the World Bank reports."Global growth is expected to decelerate markedly from 5.5 percent in 2021 to 4.1 percent in 2022 and 3.2 percent in 2023 as pent-up demand.

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Banks 5

ABI

JANUARY 12, 2022

Michael A. Solimani. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . Under title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor in possession may avoid or recover certain payments made by the debtor before the bankruptcy filing as a “preference.” [1] During a debtor’s bankruptcy case, the debtor may want to continue obtaining goods or services from a creditor.

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Bankruptcy Debtor Creditors Collections 40

ABI

JANUARY 12, 2022

By: Megan O’Connor. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. . In Polk 33 Lending LLC v. Schwartz , a district court in Delaware held that a credit agreement did not identify the tort claims with the “requisite specificity” to convey a security interest in those claims to the lender. [1] Thus, the lender, Polk 33 Lending, LLC (“Polk”), did not have standing to assert commercial tort claims, breach of fiduciary duty and corporate waste, against the CEO

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ABI

JANUARY 12, 2022

By: Nicholas Smargiassi. St. John’s University School of Law. American Bankruptcy Institute Law Review Staff. In general, under principles of equitable subordination, a court may subordinate the claims of a creditor for conduct that is unfair to the other creditors of a bankruptcy estate. The pertinent misconduct must benefit the creditor that engaged in misconduct or harm the other creditors’ position in the bankruptcy estate.

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Bankruptcy Creditors Secured Creditor Judgment 40

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