April, 2022

Flipping the Script: Collecting with Kindness

True Accord

Historically, debt collectors have been depicted as hostile, intimidating or downright rude – and over the years they’ve confirmed those stereotypes through aggressive phone calling and deceptive tactics. But to what success and at what cost? We know there’s a better way.

Why do banks put a hold on checks?

Kasasa

Consider this scenario: You deposited a check into your account yesterday and need to use the funds to make a purchase today. When you go to complete the transaction, though, it won’t go through.

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Spike in Debt Recovery action expected

UK debt collections

A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic.

Official Bankruptcy Forms Revised To Reflect April 1, 2022 Dollar Amount Adjustments Now In Effect

In the Red

As discussed in an earlier post called “ Moving Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2022 ,” various dollar amounts in the Bankruptcy Code and related statutory provisions were increased for cases filed on or after today, April 1, 2022.

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

US Wholesale Inflation Rose at Fastest Pace Ever Recorded in March

NACM

Supplier prices rose 11.2% from a year ago in March, according to data released today by the Bureau of Labor Statistics. Food and energy played a massive role in rising inflation. If you exclude more volatile food and energy prices, the core Producer Price Index (PPI) rose 0.9%

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More Trending

Public Citizen - Untitled Article

Public Citizen

Do Copyright Holders Get a Free Pass to Identify Alleged Infringers? by Paul Alan Levy. Suppose that, on June 4, 2022 the owner of a China-based Twitter account were to post this 2005 photo of the Gate  of Heavenly Peace, with text calling for remembrance of the martyrs of Tiananmen Square.

Mobile banking security tips: Is your information safe?

Kasasa

You love the convenience of mobile money apps, but how much of your information is actually protected? Mobile and online security remain hot topics due to news of data breaches , and each new report reminds you to take mobile safety into your own hands.

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Insolvency Service continues to target Bounce Back loan abusers

UK debt collections

The Insolvency Service has continued to target bounce back loan abusers in the UK. They have successfully secured restrictions against a gym operator and roofer after they falsely claimed bounce back loans for their respective businesses.

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Daily Digest – April 18. Judge Remands FDCPA Case Back to State Court; CFPB Releases Annual FDCPA Report

Account Recovery

JUDGE REMANDS FDCPA BASE BACK TO STATE COURT Standing, with respect to Fair Debt Collection Practices Act lawsuits these days, is not necessarily always a black-and-white situation.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

Burr & Forman’s Intellectual Property Practice and Attorneys Recognized in Top Categories by IP STARS

Burr Forman

Burr & Forman has been recognized by Managing IP’s IP STARS rankings in the top category as a “Highly Recommended” trademark firm in the jurisdictions of Alabama, Florida, South Carolina and Rhode Island.

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Construction Contractors Beware the Consequences of Consequential Damages

Jimerson Firm

Consequential damages for breach of a construction contract are a significant risk that contractors need to understand and be aware of in connection with construction projects.

Lawyer who created use of arbitration clauses to prevent class actions doesn't read consumer contracts

Public Citizen

by Jeff Sovern. Probably my favorite podcast is Ballard Spahr's Consumer Finance Monitor Podcast. I learn a tremendous amount from it. Yes, it favors the industry view, as it is certainly entitled to do, but many episodes are devoted to interviewing consumer advocates as well. If you don't listen to it, and you like this blog, you are missing out. Which brings me to the latest episode, titled "Has America’s civil justice system crashed?

Why do banks charge fees?

Kasasa

Bank fees might be the single most annoying part of having a checking or savings account. Sometimes they're hidden and sneak up on you, other times they’re blatantly up front, feeling like they're just taunting you.

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Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

Litecoin (LTC) Cryptocurrency: Current Price and How It Works

Nerd Wallet

Litecoin is a cryptocurrency that emerged more than a decade ago as one of the first alternatives to Bitcoin. Like Bitcoin, Litecoin was conceived as a form of secure payment — though some users keep it in their portfolio because they believe Litecoin is a good investment. What is Litecoin?

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CFPB Releases Annual FDCPA Report

Account Recovery

The Consumer Financial Protection Bureau is calling on policymakers to examine whether the Fair Debt Collection Practices Act should be broadened to protect not just consumers but small businesses, according to its annual report on the FDCPA that it submitted to Congress last week.

SIFMA’s After-Action Report on Quantum Dawn VI Cybersecurity Exercise

Burr Forman

On March 31, 2022, the Securities Industry and Financial Markets Association (“SIFMA”) released its after-action report on Quantum Dawn VI – a global financial-markets cybersecurity exercise.

Will you lose your government benefits in bankruptcy?

Albuquerque Law

The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet.

CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) announced that it is invoking a largely unused legal provision to examine nonbank financial companies that pose risks to consumers. Press release Supervision Banking Financial service providers Rulemaking

Checking vs savings accounts

Kasasa

If you aren't exactly sure what the difference is between a checking account and a savings account , we can't blame you. What does "checking" even refer to at a time when most of your purchases are happening online?

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9 Best Socially Responsible Banks

Nerd Wallet

When you open an account at a socially responsible bank, your dollars support initiatives to make social and environmental good. As with any bank, money from bank accounts helps fund loans to businesses and home buyers.

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Apple Enters Collection Market; Will Lock iPhones Until Debts are Paid

Account Recovery

As part of its full-court push into fintech and financial services, Apple announced yesterday the creation of a new service that will lock the iPhones of individuals with unpaid debts and only allow them to be unlocked after a payment has been made.

I’m glad I stayed in debt collections

American Profit

By Sabrine: Looking back at when I was a college student, the last place I expected to be working at is a collection agency. Life took me to crazy places after graduation and before I knew it, I accepted a Collection Specialist position.

Compliance Risk Assessment and Preparing for Digital Communication in AR

PDC Flow

The long-awaited Regulation F recently outlined how the CFPB expects debt collection agencies to operate. The Bureau’s intentions with the regulation are to standardize debt collection, protect consumers and create a better customer experience.

Director Chopra’s Prepared Remarks on the Repeat Offender Lawsuit Against TransUnion and John Danaher

Consumer Finance

Today, the Consumer Financial Protection Bureau (CFPB) has filed a major lawsuit against repeat offender TransUnion, two of its subsidiaries, and a longtime executive, John T. Danaher, for violating a 2017 law enforcement order.

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4 Signs that it’s time to invest in a CD

Kasasa

Opening your first checking account is a rite of passage for many Americans. Although your parents might start a savings account for you when you’re a kid, chances are you won’t open a checking account until you have a job that earns you money. Future Planning Rewards Banking Banking

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How to Account for Inflation in Your 2022 Travel Budget

Nerd Wallet

Inflation is crushing almost all aspects of Americans’ budgets — including their vacations. Prices rose on average 7.9% for the past 12 months ending in February 2022, according to the U.S. Department of Labor.

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VoApps hires Kirby Miller as Chief Revenue Officer to Lead Strategic Growth

Account Recovery

Atlanta, GA, April 25, 2022 – VoApps, Inc., provider of DirectDrop Voicemail, announced today that Kirby Miller has been hired as Chief Revenue Officer to lead the company’s ambitious strategic growth initiatives.

How Does Supply Chain Financing Help Business Relationships?

Enterprise Recovery

A solid cash flow is essential to the success of any growing business. Good relationships with your business partners are just as important. Supply chains involve several businesses along a network to provide an end product to a customer.