Direct Recovery
JUNE 15, 2022
Applying for your first credit card is often considered a right of passage for many young adults, but signing up for that introductory offer isn’t necessarily the best move for everyone. Whether you are a young adult looking to build your credit or a seasoned pro looking to take advantage of a great signup bonus, getting a credit card might not be all that it’s cracked up to be.
Collect More
JUNE 16, 2022
Here you go folks. If this doesn’t get you some money in the next 2 weeks then nothing will. Feel free to use liberally and share with anyone you think will benefit. Just add your customer’s name, your bank details and the amount and hopefully watch the $$$ roll in. Obviously the $100 token payment can be increased if needed too. $100 is historically in our experience just the most common amount almost everyone has access to at any one time.
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Account Recovery
JUNE 17, 2022
A District Court judge in Illinois has granted a defendant’s motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the defendant was engaged in early-out collections and that it was not attempting to collect on a debt that was in default when it contacted the … The post Judge Grants MSJ for Defendant in FDCPA Case Over Early Out Collection Efforts appeared first on AccountsRecovery.net.
American Profit Recovery
JUNE 16, 2022
Recently we held our annual employee week and it was a long time coming! It was so refreshing to have our team together again and kick back, relax and have some much-needed fun and games. This has been an annual event for many years at American Profit Recovery but it’s no surprise that we were unable to pull it off for the past two years because of COVID-19.
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
JUNE 15, 2022
If you’re a former jet-setter who hasn’t taken a business trip in years, continue to hang in there. Business travel dropped in 2020 and 2021, and it’s still not back. U.S. hotel business travel revenue for 2022 is expected to be 23% below pre-pandemic levels, according to an April report from the American Hotel & Sally French writes for NerdWallet.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
JUNE 16, 2022
The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Ken Aldrich of H
Jimerson Firm
JUNE 11, 2022
On May 26, 2022, Florida Governor Ron DeSantis signed the Building Safety Act for Condominium and Cooperative Associations (“Building Safety Act”) into law. The Building Safety Act brings sweeping changes to Florida’s condominium and cooperative association laws, particularly regarding building inspections and reserves. This article will provide an overview of the Building Safety Act with a focus on the key changes and how the Building Safety Act will impact Florida community associations.
Nerd Wallet
JUNE 15, 2022
In a bold move Wednesday afternoon, the Federal Reserve raised the federal funds rate by 75 basis points. As recently as mid-May, Fed Chair Jerome Powell had signaled a 50-point increase, but following unexpectedly high inflation numbers from the Bureau of Labor Statistics, as well as geopolitical turmoil and the ongoing effects of the pandemic, Kate Wood writes for NerdWallet.
Consumer Finance
JUNE 14, 2022
The Consumer Financial Protection Bureau (CFPB) is seeking public input on how bank customers can assert their rights to better customer service with big banks. A 2010 federal law specifies that consumers have rights to obtain timely responses to requests for information about their accounts from large depository institutions. In today’s Request for Information, the CFPB seeks data about, and consumer experiences with, the obstacles that may prevent people from receiving high standards of custom
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Account Recovery
JUNE 17, 2022
More than half of all consumers across the country are going into debt, borrowing money, or using their savings to cover their expenses right now as a result of higher prices for everything from gas to groceries, according to the results of a survey conducted by the National Retail Federation. The data is yet another … The post New Data Indicates More Consumers Struggling to Make Ends Meet appeared first on AccountsRecovery.net.
Sawin & Shea
JUNE 14, 2022
Most people enter into bankruptcy because they are experiencing financial hardship. However, though a person can be struggling at the time they file, this does not mean it isn’t possible for their financial situation to greatly improve while they are still paying off their Chapter 13 bankruptcy plan. If you do find yourself having more money than expected, it’s understandable that you would want to know if an early payoff is a possibility.
Nerd Wallet
JUNE 14, 2022
Venmo, a peer-to-peer money transfer app, is a low-cost option for businesses looking to accept contactless payments. Business owners can register for a business account attached to their personal Venmo account. Once set up, sellers can receive payments with their username, integrated Shopify and PayPal checkout, or a unique QR code. Venmo charges a fee.
Consumer Finance
JUNE 12, 2022
Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing servicemembers, veterans, and military families, based on the complaints they submitted to the CFPB. Servicemembers told the CFPB about billing inaccuracies and that debt collectors used aggressive tactics to recover allegedly unpaid medical bills.
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Account Recovery
JUNE 14, 2022
JUDGE DENIES MTD IN HUNSTEIN COPYCAT CASE A District Court judge in Washington has denied a defendant’s motion to dismiss after it was sued for allegedly communicating information about a debt with an unauthorized third party that printed and mailed a collection letter to the plaintiff, ruling that the language of the Fair Debt Collection … The post Daily Digest – June 14.
TCPA
JUNE 13, 2022
Recently, on May 20, 2022, the Federal Communications Commission (“FCC”) issued a Report and Order (“Order”), as well as a Further Notice of Proposed Rulemaking (all available here), with a plain objective: to “take further steps to stem the tide … Continue reading →
Nerd Wallet
JUNE 17, 2022
Credit card debt can be difficult to manage even in the best of times, but increasingly high interest rates are adding to that challenge. On Wednesday, the Federal Reserve announced a 0.75% increase to the federal funds rate — its largest hike in almost 30 years. Increases to this rate tend to make borrowing more. Jackie Veling writes for NerdWallet.
UK debt collections
JUNE 15, 2022
A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. It also signals a potential wave of Debt Collection action from creditors to recover what is owed. The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.
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
JUNE 15, 2022
The Third Circuit Court of Appeals has upheld a lower court’s ruling in favor of a defendant in a Telephone Consumer Protection Act case involving an automated telephone dialing system. That sentence alone should make you want to read the rest of the article. But it’s the next sentence that is really going to grab … The post Appeals Court Holds Capacity Not Enough to Meet ATDS Definition for TCPA Violation appeared first on AccountsRecovery.net.
Prosperity Now
JUNE 13, 2022
Building back for justice means a future where all of us – no matter who we are or how much
Nerd Wallet
JUNE 16, 2022
The cost of prescription drugs in the U.S. can be enough to make you sick. What you pay varies enormously depending on the drug, the pharmacy, your insurance plan and your deductible, among many other factors. A drug that may have been cheap or at least affordable the last time you filled it could be. Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com.
UK debt collections
JUNE 13, 2022
A digital debt recovery firm has been flooded with claims for unpaid fuel following a sharp rise in numbers. Rising petrol prices have led to a sharp increase in people not paying for fuel at petrol stations for a variety of reasons. Petrol prices hit record highs last week with the price of filling the tank of the average family car surpassing £100.
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
JUNE 13, 2022
I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Prosperity Now
JUNE 14, 2022
Homeownership is the largest marker of equity and leads to generational wealth-building.
Nerd Wallet
JUNE 17, 2022
Pay equity is a legal obligation for businesses of all sizes. However, it can also be viewed as an opportunity to advance your brand, build your client base, and recruit and keep capable employees. No matter where you are in your business life cycle, pay equity can be embedded in the structure of your organization. Lisa Anthony writes for NerdWallet.
PBWT
JUNE 13, 2022
The doctrine of equitable mootness is in the news again. The Supreme Court recently denied a cert. petition in a case where the petitioner wanted the doctrine ruled unconstitutional. KK-PB Financial LLC v. 160 Royal Palm LLC , Case No. 21-1197, 2021 WL 7247541 ( petition ), 2022 WL 1914118, (denying certiorari ). The petitioner argued that equitable mootness “lacks a statutory basis, lacks any support in Supreme Court jurisprudence, is unconstitutional and allows federal judges to abdicate
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