American Profit Recovery
DECEMBER 21, 2021
Improving your cash flow and understanding how debt collections fit into your business should be an important part of how you operate in 2022. If you continue to struggle with customers not paying you and you feel you have an ongoing need for debt collections , you’ll want to consider how collection activity around your accounts receivable process will fit into the coming year.
UK debt collections
DECEMBER 21, 2021
The Latest figures released from the Insolvency Service make stark reading. The figures show that the number of businesses in England and Wales that have collapsed due to insolvency rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410. More alarmingly, this showed an increase of 87.9% compared to 891 in November 2020.
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Account Recovery
DECEMBER 20, 2021
One-fifth of individuals would rather go to the DMV than try to pay their medical bills online, according to the results of a survey conducted by VisitPay, which have been published in a media report. The comparison is meant to illustrate just how far medical providers still have to go in providing a robust and … The post Data Details Disturbing Trend For Healthcare Providers appeared first on AccountsRecovery.net.
Consumer Finance
DECEMBER 20, 2021
Today, the Consumer Financial Protection Bureau (CFPB) announced that LendUp Loans has agreed to halt making any new loans and collecting on certain outstanding loans, as well as to pay a penalty, to resolve a September 2021 lawsuit alleging that it continued to engage in illegal and deceptive marketing in violation of a 2016 CFPB order. The lawsuit also accuses LendUp of violating fair lending regulations.
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.
Nerd Wallet
DECEMBER 23, 2021
This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. If you leave a job or retire, you’re often encouraged to roll over your 401(k) or other workplace retirement account into an individual retirement account.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
DECEMBER 23, 2021
It only took 10 days after going into effect, but it appears as though one of the first lawsuits referencing Regulation F has been filed against a company in the accounts receivable management industry. The complaint, which was filed on December 10, accuses the company of not adhering “to the requirements” of the rule by … The post Collector Accused of Violating Reg F in FDCPA Lawsuit appeared first on AccountsRecovery.net.
Credit Corp
DECEMBER 19, 2021
In a Nutshell. Visa and Mastercard are both card networks. Both organizations manage the payment networks through which their cards work. Visa and Mastercard are different companies, but they operate in a very similar way. You apply for a credit card and receive a lovely shiny piece of plastic in the mail with “Visa” or “Mastercard” printed on it. So, what’s the difference between Visa and Mastercard—and is one type of credit card better than the other?
Nerd Wallet
DECEMBER 23, 2021
Hotel free night certificates can be one of the best perks imaginable on a hotel credit card. Depending on the hotel you pick and the night you stay, their value alone can often far outweigh the card’s annual fee. I had three of these golden tickets in my hands — all expiring at the end. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
Jimerson Firm
DECEMBER 20, 2021
On November 5, 2021, the Occupational Safety and Health Administration (“OSHA”) published 29 C.F.R. 1910, commonly referred to as the “vaccine mandate” and referred to by OSHA as the “ETS on Vaccination and Testing,” which requires private employers with over 100 employees to mandate employees either get vaccinated or undergo periodic testing for COVID-19 (“mandate”).
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Account Recovery
DECEMBER 24, 2021
Barring some big new next week, yesterday I hosted what will likely be the last webinar of 2021. Yesterday’s webinar was the 264th live event I hosted this year — counting webinars, episodes of The Talk-Off, and webinars hosted for state collectors’ associations. Counting Mondays through Fridays, and excluding federal holidays there are 250 business … The post A Thank You, From Me To You appeared first on AccountsRecovery.net.
Consumer Finance
DECEMBER 19, 2021
The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) issued two joint letters today regarding important legal housing protections for military families.
Nerd Wallet
DECEMBER 21, 2021
Traveling to some countries in Europe will soon require yet another piece of paperwork — and yet another fee. For Americans, that fee is just under $8 (7 euros) per person. Sometime in 2022, the European Commission is set to launch what’s called the European Travel Information and Authorisation System, or ETIAS. What is ETIAS? Sally French writes for NerdWallet.
PDC Flow
DECEMBER 21, 2021
Are you looking for a way to better leverage your technology options to create a better consumer connection experience in accounts receivable? The new podcast “ An In Debt Discussion ,” hosted by Jacqueline H. Waller, covers this and more with a new guest and topic each episode. Waller, with almost two decades of experience in the ARM industry, is hoping to use her podcast to connect people to the services that will help their businesses grow.
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Account Recovery
DECEMBER 23, 2021
In a case that was defended by the team at Malone Frost Martin, the Court of Appeals for the Seventh Circuit has affirmed a lower court’s summary judgment ruling in favor of a defendant that was sued for violating the Fair Credit Reporting Act for accessing an individual’s credit information via a soft inquiry for … The post Appeals Court Affirms Summary Judgment for Collector in FCRA Case appeared first on AccountsRecovery.net.
Debt Recoveries
DECEMBER 19, 2021
By Mohammad Khashefi LLB (Hons). Owners corporations and insurers in Victoria and whoever was waiting for the changes to section 18 of the Owners Corporation Act 2006 (Vic), section 18 of the Act is now changed! There is no longer a requirement for a special resolution to be passed for owners corporations to be able to commence legal proceedings in the Magistrates Court.
Nerd Wallet
DECEMBER 24, 2021
The busy port of Vancouver, British Columbia, is a popular Canadian destination for outdoor junkies no matter the season. Take a stroll in the roughly 1,000-acre (400-hectare) Stanley Park, experience the Sails of Light display at Canada Place or hit the slopes at one of the ski resorts outside of the city. If you’re on. Anya Kartashova writes for NerdWallet.
Better Credit Blog
DECEMBER 22, 2021
Having one debt to pay off is stressful enough as it is. But it’s a much bigger headache if you owe debts to multiple places, as your odds of forgetting a payment will increase, and the varying interest rates between the different debts can end up taking a bite out of your wallet. If you have multiple debts, such as overdue credit cards you need to pay down, a debt consolidation loan might be able to help you to better keep track of what you owe by getting it all in one place, perhaps even at a
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?
Account Recovery
DECEMBER 24, 2021
Before uncovering what is believed to be the first lawsuit alleging a debt collector violated Regulation F, I came across another complaint which references the debt collection rule, but, in this case, the alleged illegal activity took place before the rule went into effect. A complaint has been filed against a debt collector for allegedly … The post FDCPA Suit Over Text Messages Includes Reference to Reg F appeared first on AccountsRecovery.net.
PBWT
DECEMBER 19, 2021
Another case shows the perils of waiting until the final minutes to meet a court deadline. In re U-Haul, 21-bk-20140, 2021 Bankr LEXIS 3373 (Bankr. S.D. W. Va. Dec. 10, 2021 ). The debtor is a well-known truck rental company. Years before the debtor filed for bankruptcy, a class action lawsuit was filed against it. The suit alleged the debtor had improperly charged certain environmental fees and sought damages totaling $53 million.
Nerd Wallet
DECEMBER 23, 2021
Thimble is an online insurance agent that sells coverage by the month, day or hour to people who need business insurance fast. Its policies are underwritten by other insurance companies, not Thimble itself. Thimble is a convenient option for businesses that need coverage quickly or temporarily. It’s also useful to business owners who hire contractors; Rosalie Murphy writes for NerdWallet.
UK debt collections
DECEMBER 24, 2021
International debt rose to a record $226 trillion in 2020 as the world economy was blasted by the unrelenting Covid-19 pandemic. The pandemic caused massive economic waves around the world and is responsible for a deep recession according to the International Monetary Fund (IMF). Global debt rose by 28 percentage points to 256 per cent of gross domestic product (GDP) in 2020.
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?
Account Recovery
DECEMBER 24, 2021
This is a case that should look familiar to anyone who has ever played a game of telephone and learned why firsthand if you need to pass on a message, it’s best delivered to the source, instead of an intermediary. The Ninth Circuit Court of Appeals has affirmed a lower court’s dismissal of a Fair … The post Appeals Court Affirms Dismissal of FCRA Suit Over No-Longer-Disputed Debt appeared first on AccountsRecovery.net.
Troutman Sanders
DECEMBER 22, 2021
The Consumer Financial Protection Bureau (CFPB) has a new target: overdraft fees. In a December 1 press call, CFPB Director Rohit Chopra targeted the use of overdraft fees in the consumer banking industry, claiming that some banks are “hooked on exploitative junk fees that can quickly drain a family’s bank account.” The CFPB, he said, is “considering a range of regulatory interventions to help restore meaningful competition in this market.” [1].
Nerd Wallet
DECEMBER 23, 2021
Whether mold damage is covered by your homeowners insurance policy largely depends on the cause of the mold. If you do find yourself up against mold damage, here are the options that may be available to you. Does home insurance cover mold? Mold is generally covered by homeowners insurance only when it’s caused by one. Ciarra Jones writes for NerdWallet.
UK debt collections
DECEMBER 20, 2021
An inside whistleblower who contracts to energy giant Scottish Power has claimed Call Agents are being told to threaten customers with Debt Collection enforcement. The man is purported to be an employee from a company that Scottish Power outsources call handling to on the west coast of Scotland. It is said the call centre deals with queries regarding outstanding balances.
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