Account Recovery

JANUARY 10, 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 Complaint Accuses Collector of Violating Reg F’s Debt Parking Provisions first appeared on AccountsRecovery.net.

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Nerd Wallet

JANUARY 10, 2023

Tiffany Curtis writes for NerdWallet. Email: tcurtis@nerdwallet.com. The article 6 Ways to Set Financial Boundaries originally appeared on NerdWallet.

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Account Recovery

JANUARY 10, 2023

The chair of the Federal Communications Commission has asked Congress to “fix” the definition of an automated telephone dialing system because the current definition may be the reason why the number of robotexts is increasing, and wants to be able to collect on the fines it assesses, according to a letter sent to a number … The post FCC Chair Calls on Congress for Help Redefining ATDS, Right to Collect first appeared on AccountsRecovery.net.

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Collections 246

Consumer Finance

JANUARY 10, 2023

Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, like bankruptcy rights, liability amounts, or complaint rights.

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Bankruptcy 103

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 10, 2023

The Court of Appeals for the Seventh Circuit has overturned a bankruptcy court’s decision and remanded a case with instructions to resolve claims from the bankruptcy trustee on the merits after a collection agency garnished an individual’s wages and seized $3,700 within the 90 days before the individual filed for bankruptcy protection. In issuing its … The post Appeals Court Overturns Own Precedent in BK Case first appeared on AccountsRecovery.net.

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Garnishment Bankruptcy Collection Agencies Collections Agency 246

Account Recovery

JANUARY 10, 2023

Middleboro, MA, January 9, 2023 – Action Collection Agencies, Inc. (ACA) in Middleboro, MA has appointed Candice E. O’Brien as its Executive Vice President/Chief Operations Officer overseeing the operations of its first and third party collections services. “I have known Candice as an industry colleague and formidable competitor for well over two decades,” said Jay E.

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Collection Agencies Collections Agency Collections 246

Nerd Wallet

JANUARY 10, 2023

Sam Taube writes for NerdWallet. Email: staube@nerdwallet.com. Twitter: @samuel_taube. The article What Is a Stock’s Beta? originally appeared on NerdWallet.

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Account Recovery

JANUARY 10, 2023

COMPLAINT ACCUSES COLLECTOR OF VIOLATING REG F’S DEBT PARKING PROVISIONS An individual who was allegedly the victim of identity theft has filed a lawsuit against a defendant for allegedly violating the debt parking provisions of Regulation F by furnishing information about the debt to the credit reporting agencies without first attempting to notify the plaintiff … The post Daily Digest – January 10.

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Consumer Finance

JANUARY 10, 2023

The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices.

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Collections

Account Recovery

JANUARY 10, 2023

The Federal Trade Commission has proposed a rule that would ban the use of non-compete clauses in employment contracts, which affect as many as 18% of all workers in the United States. Non-compete clauses suppress wages, hamper innovation, and block entrepreneurs from starting new businesses, the FTC argues, and getting rid of them could increase … The post FTC Seeks to Ban Non-Compete Clauses first appeared on AccountsRecovery.net.

Trade 240

Trade 240

Nerd Wallet

JANUARY 10, 2023

Paul Soucy writes for NerdWallet. Email: paul@nerdwallet.com. Twitter: @paulsoucy. The article Why Bank of America Customized Cash Is Best for 0% APR on Purchases in 2023 originally appeared on NerdWallet.

Banks 84

Banks 84

On Guard

JANUARY 10, 2023

A Shared Service Centre is a phenomenon that has been around since the 1980s. PostNL was one of the first organisations to set up a centralised administration department. This way of pooling facilities is back in full swing. In this article, we will delve deeper into FSSCs: Financial Shared Service Centres. In a world that is all about efficiency in work processes, optimising your organisational structure is an essential process.

Accounts Receivables Management 52

Accounts Receivables Management Credit Management Collections 52

Nerd Wallet

JANUARY 10, 2023

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article Best Credit Cards of 2023: Meet the New Champions and Who They Beat 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

JANUARY 10, 2023

On December 30, 2022, New York Governor Kathy Hochul signed the Foreclosure Abuse Prevention Act (FAPA) into law. The legislation remained unchanged from its passing back in May 2022 despite many industry experts expecting Governor Hochul to amend certain portions, including its retroactive effect. The FAPA, however, which takes effect immediately, applies retroactively and effectively overturns the New York court of appeals’ decision in Freedom Mortgage Corporation v.

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Foreclosure Lender Judgment Loans 52

Nerd Wallet

JANUARY 10, 2023

Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. The article How to Give Cryptocurrency as a Gift originally appeared on NerdWallet.

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FFGN COLLECT NY

JANUARY 10, 2023

Depositions are usually called “EBTs,” or examinations before trial. In a commercial debt collection case, depositions usually consist of one party’s attorney deposing a representative of each side that has personal knowledge of the transaction between the parties. The purpose is for each side to obtain follow-up answers that usually yield more important information about the facts of the case.

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Collections 52

Nerd Wallet

JANUARY 10, 2023

Ryan Brady writes for NerdWallet. Email: rbrady@nerdwallet.com. Twitter: @reallyryanbrady. The article How to Get Car Insurance Without a License originally appeared on NerdWallet.

Auto Insurance 68

Auto Insurance 68

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Collections

Jimerson Firm

JANUARY 10, 2023

In construction projects, the owner sometimes hires a person or entity to act as the owner’s representative to facilitate the project and act as the point of contact in a representative or agency capacity on the owner’s behalf. These owner’s representatives may oversee the design and construction work, and deal directly with the contractors actually performing the work.

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Construction Judgment 52

Nerd Wallet

JANUARY 10, 2023

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article Mobile Passport vs. Global Entry originally appeared on NerdWallet.

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Troutman Sanders

JANUARY 10, 2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. State Activities. Federal Activities: On January 5, the Office of Comptroller of Currency (OCC) released its 2022 Annual Report , highlighting various action plans geared toward addressing key themes on the OCC’s ultimate objective of safeguarding trust in the federal banking syst

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Financial services Unsecured Creditor Bankruptcy Banks 52

Nerd Wallet

JANUARY 10, 2023

June Casagrande writes for NerdWallet. Email: travel@nerdwallet.com. The article Hawaiian Airlines Status Match: How to Request It originally appeared on NerdWallet.

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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.

Troutman Sanders

JANUARY 10, 2023

The district court for the Northern District of California recently granted a motion to deny class certification in an action brought under the Telephone Consumer Protection Act (TCPA) based on the plaintiff’s inability to vigorously represent the class. In Trim v. Mayvenn, Inc. , the named plaintiff alleged that, although she registered her cell phone number on the National Do Not Call Registry (NDNC Registry), Mayvenn sent two text messages to that number without her consent.

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Judgment 52

On Guard

JANUARY 10, 2023

A Shared Service Centre is a phenomenon that has been around since the 1980s. PostNL was one of the first organisations to set up a centralised administration department. This way of pooling facilities is back in full swing. In this article, we will delve deeper into FSSCs: Financial Shared Service Centres. In a world that is all about efficiency in work processes, optimising your organisational structure is an essential process.

Accounts Receivables Management 52

Accounts Receivables Management Credit Management Collections 52

Fico Collections

JANUARY 10, 2023

Home. Blog. FICO. Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. FICO Admin. Tue, 07/02/2019 - 02:45. by FICO. expand_less Back To Top. Tue, 01/10/2023 - 11:30. Few things change faster in the financial services space than fraud trends.

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Financial Institution Banks Education Retail 52

Troutman Sanders

JANUARY 10, 2023

In this episode of The Crypto Exchange , Troutman Pepper attorney Carlin McCrory welcomes Disputes, Compliance and Investigations Managing Director Terri Sands from Stout to discuss the risks and regulatory scrutiny that financial institutions and fintechs face as to fraud and the Bank Secrecy Act (BSA). In her position, Terri serves as a leader in the payments, BSA/AML, and OFAC/Sanctions and fraud and risk management areas.

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Banks Financial Institution 52

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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