Account Recovery

OCTOBER 8, 2021

Courts within the Seventh Circuit continue to attack the issue of standing in Fair Debt Collection Practices Act cases, this time dismissing a case because a plaintiff was confused about the amount that was owed after receiving a collection letter, because the plaintiff never made any attempt to pay the debt, and that decision to … The post Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Enterprise Recovery

OCTOBER 8, 2021

When your business needs to make a call to get invoices paid, make sure your accounts receivable and collections specialists are using the right language and abilities. Successful calls are handled by skilled collections specialists with the qualities of persistence, confidence, great listening skills, and training. When emails aren't bringing those late payments current, these call script examples may help.

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Collections 198

Nerd Wallet

OCTOBER 4, 2021

October mortgage rates forecast I predict that mortgage rates will rise in October. There will be ups and downs day to day, but mortgage rates will be higher at the end of the month than at the beginning of the month. (That’s assuming the debt limit will be addressed in time to avoid a government. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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Government 136

Burr Forman

OCTOBER 6, 2021

On September 27, 2021 Burr & Forman published COVID-19 Vaccine Guidance for Federal Contractors , noting that the Federal Acquisition Regulatory Council was to develop a mandatory Federal Acquisition Regulation (“FAR”) clause for new contracts and solicitations over the Simplified Acquisition Threshold (currently $250,000.00). The FAR Council has published the new clause (“COVID Clause”), and has asked contracting agencies to develop deviations allowing use of the new COVID Clause.

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Acquisition Manufacturing Education Construction 105

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

OCTOBER 7, 2021

In a case that was defended by Cooper Walker at Malone Frost Martin, a Magistrate Court judge in Texas has recommended reducing a plaintiff’s attorneys fee award by nearly two-thirds after a settlement was reached in a Fair Debt Collection Practices Act case. A copy of the report and recommendation in the case of Peterson … The post Judge Recommends Lowering Plaintiff’s Fee Award by 63% appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Nerd Wallet

OCTOBER 7, 2021

Gratitude makes us more aware of the sources of joy, wonder and hope in our lives. Being grateful also can improve health, strengthen relationships and help us manage our money. Developing gratitude requires us to focus on what we have rather than on what we lack, says Meghaan Lurtz, a senior research associate with financial. Liz Weston writes for NerdWallet.

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FFGN COLLECT NY

OCTOBER 6, 2021

Ms. Jocelyn Nager, managing partner of the New York debt collection law firm Frank, Frank, Goldstein & Nager P.C., has been named a “Super Lawyer” for the sixth consecutive year. Super Lawyers rates outstanding lawyers from more than 70 practice areas, recognizing no more than 5 percent of attorneys in each state. Lawyers featured have attained a high degree of peer recognition and professional achievement and are evaluated through rigorous independent research, peer nominations, and peer ev

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Lawyers Law Firms Education Collections 98

Account Recovery

OCTOBER 8, 2021

The Federal Trade Commission announced yesterday that it is returning nearly $800,000 to consumers who were victimized by Hylan Asset Management and its owners, which collected $24 million during the four years it was allegedly buying and selling fake debt portfolios. The defendants surrendered assets and funds to the FTC and agreed to be permanently … The post FTC Sends $800k to Consumers Victimized in Bogus Collection Scam appeared first on AccountsRecovery.net.

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Collections Trade 246

Sawin & Shea

OCTOBER 6, 2021

At the start of 2020, Americans and individuals all over the world were affected by the pandemic. While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options.

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Bankruptcy Chapter 13 bankruptcy Lender Government 98

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Nerd Wallet

OCTOBER 7, 2021

A limited waiver announced by the U.S. Department of Education is expected to immediately wipe the slate clean for 22,000 student borrowers seeking Public Service Loan Forgiveness and speed the process for at least 500,000 more. It’s not the broad student loan forgiveness borrowers may be dreaming of. Instead, it’s the latest example of the. Anna Helhoski writes for NerdWallet.

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Student loans Student Loans Loans Education 134

UK debt collections

OCTOBER 4, 2021

Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research has found. An EY survey of 712 UK SMEs has found 88 per cent received financial aid from lenders or the government and 51 per cent described recovering from the pandemic as one of the ‘main challenges’, indicating that they will likely require ongoing support.

Loans 85

Loans Financial services Lender Government 85

Account Recovery

OCTOBER 6, 2021

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The post USPS Rolling Out New Financial Services; Bill Payment Option on the Menu appeared first on AccountsRecovery.net.

Financial services 246

Financial services Collections 246

Credit Corp

OCTOBER 4, 2021

Buying a house and getting a mortgage is a big investment– and not only for you. When you choose a mortgage lender and are approved for your home loan, your lender is agreeing to lend you all funds necessary to cover your home purchase. Because a house is a high-cost purchase, lenders want to guarantee that you’re not a “risky borrower.” Lenders want to know that you’ll be able to make your monthly payments on time and in full.

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Lender Loans Debt Consolidation Debt Management 106

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Collections

Nerd Wallet

OCTOBER 6, 2021

If you’re traveling with a pet for the first time (or maybe just the first time in a year), a lot has changed. Some airlines that used to happily ship your pet in cargo will transport them no more. Your emotional support animal likely can no longer fly for free. COVID-19 upended many facets of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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Consumer Finance

OCTOBER 7, 2021

The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

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Account Recovery

OCTOBER 5, 2021

The Federal Communications Commission has announced the pricing structure for its Reassigned Number Database, which will attempt to inform callers, including those in the accounts receivable management industry, whether a consumer’s cell phone number has been disconnected or reassigned. Prices will range between $10 and $35,100 per month, depending on the number of inquiries that … The post FCC Releases Pricing for Reassigned Number Database appeared first on AccountsRecovery.net.

Accounts Receivables Management 246

Accounts Receivables Management 246

PDC Flow

OCTOBER 5, 2021

Ogden, Utah – PDCflow, in partnership with a leading Merchant Service Provider (MSP), now supports the ability to reduce costs while collecting online credit card payments with Zero Cost Processing. Through this feature, merchants can charge consumers a Technology Fee for the hardware, software and security for online transactions, replacing the traditional MSP billing structure.

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Collections 73

Speaker: Lynnette Khalfani-Cox, The Money Coach®

Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services. How can you better connect with these consumers?

Financial services

Nerd Wallet

OCTOBER 8, 2021

Running a business is inherently stressful. But labor shortages, vaccine protocols and shifts to remote work may be taking that stress to new heights — especially for small-business owners managing these complexities in their workplaces. Here are some ways two experts say small-business owners can ease that COVID-era decision-making anxiety. 1. Be consistent and document.

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Credit Corp

OCTOBER 7, 2021

This article originally appeared on Wallet Squirrel and has been republished here with permission. We all have the stress nightmare where your boss comes out of the blue and says “You’re fired.” That’s it, and we spend the rest of the night in a panic. The problem is if it did actually ever happen, most of us don’t have a plan in case we do get fired.

Student loans 98

Student loans Student Loans Credit Card Debt Banks 98

Account Recovery

OCTOBER 4, 2021

A District Court judge in Virginia has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act by allegedly inaccurately reporting the amount of a debt to the bureaus, ruling that the plaintiff’s omission of all but one page of his credit report in his complaint … The post Judge Grants MSJ for Defense in FDCPA Case Over Alleged Misreported Debt appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Judgment Collections 246

Micro Bilt

OCTOBER 5, 2021

It’s well known that owning real estate is one of the most efficient ways to increase your net worth. However, managing properties isn’t always a straightforward process. Background screening is a property management tool that simply can’t be overlooked. Let’s take a look at everything you need to know about it.

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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

Nerd Wallet

OCTOBER 5, 2021

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Amazon Black Friday deals have launched. The retailer announced overnight on Oct. 4 that it was. Hal M. Bundrick, CFP writes for NerdWallet.

Retail 108

Retail 108

Troutman Sanders

OCTOBER 7, 2021

In Robinson v. Nat’l Student Clearinghouse , — F.4th — (1st Cir. 2021), a First Circuit panel unanimously affirmed the district court’s Final Approval Order, approving the class settlement in an action brought under the Fair Credit Reporting Act (FCRA). Plaintiff James Robinson filed the class action lawsuit against National Student Clearinghouse (NSC), alleging NSC violated the FCRA by overcharging for self-verification reports for university degrees and dates of enrollment.

Education 52

Education 52

Account Recovery

OCTOBER 4, 2021

The Consumer Financial Protection Bureau has published a set of “Frequently Asked Questions” or FAQs relative to Regulation F that provide answers to questions about the Limited-Content Message and the call frequency provisions of the debt collection rule. The questions answered by the CFPB are: What is a limited-content messageIs a limited-content message a “communication”?

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Collections 246

Katabat

OCTOBER 6, 2021

Never Mind the Nation’s Credit Rating? I think everyone in our industry winced when S&P downgraded the U.S. credit rating from AAA to AA+ ten years ago. As members of the House and Senate continue to play brinksmanship about the debt ceiling and the potential for another government shutdown before year’s end, it is painful to think of the potential for our credit rating taking another hit.

Student loans 52

Student loans Student Loans Loans Government 52

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