Account Recovery

AUGUST 13, 2021

The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay a fine of $41,500. A copy of the settlement can be accessed by … The post Debt Collector to Turn Over $20M in Accounts Under Settlement With Georgia AG appeared first on AccountsRecovery.net.

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American Profit Recovery

AUGUST 11, 2021

Since the founding of American Profit Recovery and the day we opened our doors, we have always wanted to do what was right. That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry. We have always wanted to do our part.

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Enterprise Recovery

AUGUST 13, 2021

While it's true that no one could have predicted the pandemic, entrepreneurs started 4 million new businesses in 2020. E-commerce and other online services saw a boom as brick-and-mortar businesses shut down. Then, just as it seems like the world would reopen, the Delta variant has business owners trying to decide what to do next. If you're wondering how to grow your business during this pandemic, keep going with these tips.

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Nerd Wallet

AUGUST 11, 2021

Robin DeGracia’s kids have been traveling since they were in diapers. No, really. Her son was just 3 months old when she took him on his first flight. She remembers because he was in a baby carrier and she spent a lot of time on the flight walking with him up and down the airplane. Meghan Coyle writes for NerdWallet. Email: mcoyle@nerdwallet.com. Twitter: @inkwaves.

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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.

Account Recovery

AUGUST 13, 2021

Credit card lenders and financial institutions are apparently a little leery of the state of the economy and consumer’s ability to meet their financial obligations and are keeping balance limits largely stationary for the time being, except for one group of consumers — and it’s probably not the group you would guess — according to … The post Credit Card Limits Back on Rise For Most Types of Consumers: CFPB appeared first on AccountsRecovery.net.

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Credit Corp

AUGUST 13, 2021

When’s the best time to make a new financial resolution? On January 1st? On your birthday? If you need an excuse to get back on track financially, you can begin a fresh chapter on August 14th—National Financial Awareness Day. Think of National Financial Awareness day as your financial New Year. All those financial goals you’ve set? Now’s the time to put them in motion.

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Student loans Student Loans Education Loans 98

Nerd Wallet

AUGUST 9, 2021

Marriott has several world-famous beach hotels, but it also has many great oceanfront properties in the U.S. you may be unfamiliar with. Whether you’re planning a family road trip, or flying from coast to coast or beyond, this guide highlights just a few of the lesser-known — but equally beautiful — hotels where Marriott Bonvoy members. Ramsey Qubein writes for NerdWallet.

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Account Recovery

AUGUST 13, 2021

DEBT COLLECTOR TO TURN OVER $20M IN ACCOUNTS UNDER SETTLEMENT WITH GEORGIA AG The Attorney General of Georgia has announced a settlement with a company that was accused of violating the Fair Debt Collection Practices Act and state law in Georgia that will see the company turn over $19.8 million worth of accounts and pay … The post Daily Digest – August 13.

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Jimerson Firm

AUGUST 12, 2021

Lenders who move for summary judgment under Florida’s new summary judgment standard will likely enjoy more favorable outcomes. The court’s more rigorous review of attempts to withstand summary judgment will change expected litigation outcomes, impact litigation strategy, and largely benefits lenders. How Does Florida’s New Summary Judgment Standard Differ From Its Old Summary Judgment Standard?

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Credit Corp

AUGUST 11, 2021

A car is a necessity for a lot of us—either for work, school or just getting around every day. But not everyone can afford a decent car outright. Enter the auto loan. They’re a convenient way to split the cost into affordable monthly chunks. So, what is a good credit score to buy a car? In short, you’ll probably get a better interest rate if your score is over 661.

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Nerd Wallet

AUGUST 13, 2021

As your financial and professional lives become more complex, going it alone will only get you so far. We all need advice, encouragement and a sounding board from time to time. Leaning on family and friends can help, but it can be difficult for loved ones to give you objective advice. That’s why you need. Kelsey Sheehy writes for NerdWallet. Email: ksheehy@nerdwallet.com.

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Account Recovery

AUGUST 13, 2021

A District Court judge in Arizona has granted a defendant’s motion to dismiss a class action complaint after it was sued for allegedly violating the Fair Debt Collection Practices Act for using language in a collection letter that made it seem as though both the defendant and the original creditor were going to report the … The post Ariz.

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Jimerson Firm

AUGUST 11, 2021

In Florida, non-competes may be enforced by professional service providers so long as they are reasonable in time, area, and line of business. In addition, the non-compete must also protect a “legitimate business interest,” as defined by Section 542.335 of the Florida Statutes. The statute defines legitimate business interests through a non-exhaustive list, which includes “customer, patient, or client goodwill.

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Optio Solutions

AUGUST 10, 2021

Debt collection is a highly regulated business, the companies that thrive in this setting are leaders in compliance and certification. The Consumer Financial Protection Bureau (CFPB) released its final ruling for Debt Collection Regulation F (effective November 30th, 2021), which was designed to provide more information for consumers and enable them to communicate with debt… The post The Impact of the CFPB’s Debt Collection Regulation F on the Top Debt Collection Agencies. appeared first o

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Nerd Wallet

AUGUST 12, 2021

Growth is a naturally occurring component of life, and the same is true for the life of your small business. As rabbi and psychiatrist Abraham Twerski explains in his viral YouTube video, “The stimulus for the lobster to be able to grow is that it feels uncomfortable.” His words are a reminder that stress doesn’t. Hillary Crawford writes for NerdWallet.

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Account Recovery

AUGUST 12, 2021

A company that services online loans made to consumers has agreed to pay $1.6 million in a settlement with the Attorney General of Massachusetts after it was accused of using abusive debt collections that violated state regulations. The company, Avant, was accused of making excessive telephone calls to individuals with unpaid debts and of failing … The post Online Lender to Pay $1.6M Fine In Settlement With Mass.

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Jimerson Firm

AUGUST 9, 2021

The recent tragedy of the Champlain Tower collapse in Surfside, Florida, has brought an even greater focus on building safety and maintenance by governments, building owners, and condominium and community associations throughout Florida. As efforts are made to inspect and ensure the safety of buildings across the state, building owners, and condominium and community associations in charge of managing and maintaining buildings, need to be keenly aware of section 95.11(3)(c), Florida Statutes.

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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

True Accord

AUGUST 13, 2021

In 2019, Todd Johnsen, Snap Finance’s Senior Manager of Collections Vendors, was charged with doing something that had never been done at Snap before: developing a third-party collections program. According to Johnsen, “At that time, the only recovery program for charge-off accounts was a call-and-collect settlement at tax season. I knew we could do better, but we’d have to start from scratch.

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Nerd Wallet

AUGUST 10, 2021

Business insurance is one of the most important investments you can make as a small business owner. The right business insurance coverage will protect your company from the financial impact of potential lawsuits, property damage or loss, personal injury and more. But what does business insurance cover? Just as all businesses are not created equal, Katherine Fan writes for NerdWallet.

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Account Recovery

AUGUST 12, 2021

A District Court judge in Massachusetts has denied a credit repair organization’s motion to dismiss after it was sued by the Consumer Financial Protection Bureau and the state of Massachusetts for allegedly collecting upfront fees and misrepresenting its effectiveness at improving the credit scores for individuals who signed up for its services, ruling that the … The post Judge Denies Credit Repair Org’s MTD in Suit Filed by CFPB appeared first on AccountsRecovery.net.

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PDC Flow

AUGUST 10, 2021

The events of the last year had a huge impact on the accounts receivable industry. The pandemic disrupted business operations and transformed debt collection security and compliance procedures. Standards that have been in place for a decade or more were no longer viable and agencies were forced to adopt digital collection practices almost overnight.

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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

Public Citizen

AUGUST 10, 2021

Here , by Amelia Pollard. Excerpt: Conservative pro-business groups have hit upon a new tactic to protect its members’ interests: outright purchasing of grassroots support. Late last week, David Chami, an Arizona attorney who specializes in consumer protection, received an email from Drew Johnson, who identified himself as working with the U.S. Chamber of Commerce.

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Nerd Wallet

AUGUST 11, 2021

The thing about anxiety is that it doesn’t always listen to reason. If you’re vaccinated and still worried about getting on a plane, it might not be a matter of waiting for the right reassurance from the Centers for Disease Control and Prevention or other experts. You might look for help dealing with the anxiety. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

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Account Recovery

AUGUST 12, 2021

GETTING TO KNOW CHAD ECHOLS OF THE ECHOLS LAW FIRM Reading his answers, it is easy to see how Chad Echols has become one of the most respected defense attorneys in the accounts receivable management industry. Measured, honest, and introspective, Chad’s personality in a way mirrors the types of cases he likes best. Read on … The post Daily Digest – August 12.

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Consumer Finance

AUGUST 9, 2021

The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic.

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