UK debt collections

JULY 22, 2021

The UK’s leading High Street banks are strengthening their Debt Collection teams ahead of the emergency covid loan defaults. The UK’s four largest banks are said to have hired over 750 new Debt Collection staff to their debt recovery units in a major challenge facing them. It is expected there will be a tidal wave of defaults on the loan repayments as Businesses struggle to cope in the aftermath of the pandemic.

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FFGN COLLECT NY

JULY 20, 2021

After New York Governor Andrew Cuomo signs the Consumer Credit Fairness Act (S.153/Thomas) into law, many creditors will need to provide significant documentation in order to file a debt collection action against their non-paying consumers. The proposed law, which the Senate approved in May, shortens the time to collect consumer credit transactions from six years down to three.

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PDC Flow

JULY 20, 2021

I opened my debt collection agency in 1998. From day one, the stressful phone calls started to take a toll on me. Sometimes I would lose sleep at night because I was stressed about potential lawsuits, consumer complaints, or losing clients. In 2005, all of that changed. One day, after a series of frustrating collection calls , I just looked at the phone and said, “I want the next person on the phone to be happier by the end of the call than they were at the beginning.”.

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Account Recovery

JULY 23, 2021

More proof that there is plenty of interest from investors in the accounts receivable management industry came yesterday, in the form of a $12 million Series A funding announcement from Prodigal, a technology company that provides an automation platform for debt buyers, debt collectors, and creditors rights law firms. The announcement of the investment comes … The post Prodigal Raises $12M in Series A Funding appeared first on AccountsRecovery.net.

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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.

Enterprise Recovery

JULY 23, 2021

As if we needed another reason to cheer for Team USA, CEOWORLD Magazine's Entrepreneurship Index for 2021 ranks the United States as the world's most entrepreneurial country. With Forbes magazine noting that nearly all the American billionaires are self-made and a 13-year high in the number of Americans starting their own businesses, the pandemic seems to have inspired new entrepreneurs.

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Sawin & Shea

JULY 21, 2021

Now that summer’s here, it’s time to jumpstart your summer vacation planning. An important component, of course, is budgeting. You deserve a break, but just make sure you don’t break the bank. Below are some guidelines and considerations for keeping the cost of your summer vacation low while still having a great time for yourself and for the whole family.

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Account Recovery

JULY 23, 2021

The House of Representatives this week passed a bill that aims to restore the Federal Trade Commission’s ability to seek monetary redress in court, after a Supreme Court ruling determined that Congress did not intend to give the regulator that power. H.R. 2668, the Consumer Protection and Relief Act, was passed in the House by … The post House Passes Bill to Give FTC Back Its Financial Power appeared first on AccountsRecovery.net.

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Enterprise Recovery

JULY 19, 2021

As global markets reopen, inflation is causing corporations of all sizes to reexamine their rates. Supply chains are being affected by higher costs and increased demand for raw materials and labor. According to economists, the inflated costs aren't expected to abate until well into 2022, cutting into profit margins. CEOs are saying that higher costs will last longer than that.

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Nerd Wallet

JULY 19, 2021

[/nw_context_conditional] [/nw_context_conditional] Body: Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about flaws in the credit reporting system. Then we pivot to answering a number of listener questions, including how to manage taxes while working remotely, when to get a financial advisor and.

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Credit Corp

JULY 21, 2021

It’s a scorcher out there. In 2021, many states broke long-standing temperature records —and boy, did residents feel the heat. Meteorologists agree that record-setting weather events are here to stay and cooling stations and air conditioning units could become essential in all states. Sure, you want to beat the heat this summer. But you also probably know that cranking up the AC can take a toll on your wallet.

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Account Recovery

JULY 23, 2021

What do people think of engaging with chatbots when visiting a company’s website? For the most part, people do not like to be duped into thinking they are interacting with a real person, but when the chatbot makes a mistake or is unable to resolve a problem, people were actually relieved to find out they … The post I Type, Therefore I Am appeared first on AccountsRecovery.net.

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Fico Collections

JULY 22, 2021

. Last year I was proud to announce that three of our leaders in EMEA - Louise Lunn , Nicola Pickering and Anat Hoida - had been named finalists in the Women in Credit Awards, sponsored by Credit Strategy. Today I'm delighted to announce that we have two finalists in this year's Women in Credit Awards ! Michelle Beetar , Vice President and Managing Director for Africa, at FICO has been shortlisted for Team Leader of the Year.

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Nerd Wallet

JULY 22, 2021

In some ways, the U.S. credit reporting system has improved. Credit freezes, which lock our credit information to deter identity theft, are now free and fast. We have free weekly access to our credit reports, courtesy of the credit bureaus Equifax, Experian and TransUnion, until April 20, 2022. Free credit scores provided by banks, credit. Liz Weston writes for NerdWallet.

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Credit Corp

JULY 21, 2021

It’s a scorcher out there. In 2021, many states broke long-standing temperature records —and boy, did residents feel the heat. Meteorologists agree that record-setting weather events are here to stay and cooling stations and air conditioning units could become essential in all states. Sure, you want to beat the heat this summer. But you also probably know that cranking up the AC can take a toll on your wallet.

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Account Recovery

JULY 23, 2021

CRYPTO FIRM HIRES FORMER CFPB DIRECTOR KRANINGER TO BE LOBBYIST Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs. … The post Daily Digest – July 23.

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Jimerson Firm

JULY 21, 2021

Class action complaints are not a novel concept. Nevertheless, there appears to be an increase in class action complaints alleging violations of consumer protection laws such as Fair Debt Collection Practices Act (FDCPA), Florida’s Consumer Collections Practices Act (FCCPA), Fair Credit Reporting Act (FCRA), or Telephone Consumer Protection Act (TCPA).

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Nerd Wallet

JULY 18, 2021

In all of the business planning you’ve done, you might not have thought about what happens to your business if you retire, move on — or in a worst-case scenario, become incapacitated or die. Having a buy-sell agreement establishes a clear plan to handle any of these events. Without one, a company could face major tax. Meredith Wood writes for NerdWallet.

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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

Credit Corp

JULY 21, 2021

The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. The Covid-19 pandemic has presented widespread challenges across the world. The emergence of the health crisis saw many financial markets plunge into recession as fear swept across stock markets. While some commentators were expecting widespread financial turmoil, the markets appeared to have other ideas.

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Account Recovery

JULY 23, 2021

Almost six months to the day that she resigned as Director of the Consumer Financial Protection Bureau, Kathy Kraninger has landed a new job — she is the new top regulatory official for Solidus Labs, a cryptocurrrency startup founded by former employees of Goldman Sachs. Solidus Labs provides cryptocurrency trading surveillance and risk management tools. … The post Crypto Firm Hires Former CFPB Director Kraninger to be Lobbyist appeared first on AccountsRecovery.net.

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Fraser

JULY 21, 2021

On July 21, 2021, the Michigan legislature approved a petition to repeal the Emergency Powers of Governor Act of 1945, which was the statutory basis used by Governor Whitmer during the early days of the COVID-19 pandemic to institute sweeping health and safety restrictions. Because the action taken by the legislature was pursuant to an “initiated law,” the repeal does not require Governor Whitmer’s approval, nor can she veto it.

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Nerd Wallet

JULY 21, 2021

Living in the dorms is a rite of passage for millions of first-year college students. But like the rest of the college experience, it’s costly. And in many cases it’s mandatory. Moving my only daughter into the dorms of scenic Appalachian State University her freshman year was tough on us both, but an exciting time. Elizabeth Renter 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

Credit Corp

JULY 18, 2021

Depending on your contract, a bank or dealership could revoke your loan even after you’ve signed a contract. Whether or not a bank can revoke an auto loan depends on the contract you have with them. If you’ve financed your new car at the dealership, they could also deny your financing after you’ve driven the car off the lot. Find out more about how this could happen, what other issues you should watch for, and how you might deal with it.

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Account Recovery

JULY 23, 2021

National Debt Holdings, a receivables management firm in Fort Lauderdale, FL, extends its heartfelt condolences and sympathies to those impacted by the recent tragedy in Surfside, FL. We would like to offer our support and have recently contributed to SupportSurfside.org to provide aid to those impacted. We invite our industry peers and colleagues to consider … The post National Debt Holdings Donates to Support Surfside Fund for Those Impacted by the Surfside, Fla.

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PBWT

JULY 20, 2021

The Bankruptcy Code grants the power to avoid certain transactions to a bankruptcy trustee or debtor-in-possession. See, e.g., 11 U.S.C. §§ 544, 547–48. Is there a general requirement that these avoidance powers only be used when doing so would benefit creditors? In a recent decision, the United States Bankruptcy Court for the District of New Mexico addressed this question, concluding, in the face of a split of authority, that there was such a requirement.

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Nerd Wallet

JULY 19, 2021

Skeptical of the four-year college degree? It’s still your best bet to make money. Backlash against college as a common stop on the road to adulthood has mounted over the past decade. Critics say four-year degree programs saddle most students with five-digit debt without a clear path from classroom to career. Nearly half (46%) of. Anna Helhoski writes for NerdWallet.

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