Account Recovery
JULY 6, 2022
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 21 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.
Nerd Wallet
JULY 7, 2022
Sure, it’s fun to support your friend when they go car shopping. You get the vicarious thrill of a big purchase and a whiff of intoxicating new car smell. But do you have what it takes to actually help — not hurt — your friend? Before you assume this role, you should know that the. Philip Reed writes for NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed.
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True Accord
JULY 7, 2022
Debt recovery and collection look quite different in 2022 than it did ten, five, even just a year ago: new channels to reach consumers, larger data sets to analyze, complex regulations that can vary state by state, and so much more. So when it comes to deciding the best way to engage consumers and effectively recover debt, has your strategy evolved to keep up?
Enterprise Recovery
JULY 8, 2022
You can't build your business or do effective marketing unless you know who you're selling to. These initial decisions will guide your sales and marketing team to be its most successful and scale your company faster. Do you know who's going to be buying your goods or services? Do you know the decision-makers for your B2B startup?
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
JULY 8, 2022
A District Court judge in Washington has joined his brethren in Oklahoma and dismissed a Fair Debt Collection Practices Act case filed by an individual who was assigned a claim from a consumer, ruling the plaintiff lacks standing to sue. A copy of the ruling in the case of James v. Puget Sound Collections and … The post WDWA Judge Dismisses Case Involving Assigned Claim appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Sawin & Shea
JULY 6, 2022
A common question we receive from those considering bankruptcy is how it impacts personal guarantees. Some situations in which someone may sign a personal guarantee before filing bankruptcy include assisting a friend or family member in receiving a loan, and a business owner may sign a personal guarantee in order to secure funds for their company. If you’re considering filing for bankruptcy, you need to consult with a bankruptcy attorney before signing a personal guarantee.
Consumer Finance
JULY 6, 2022
Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act.
Account Recovery
JULY 7, 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 Carl Harkleroad
Nerd Wallet
JULY 7, 2022
The first half of 2022 was a catastrophe for home buyers. Skyrocketing mortgage rates and home prices made homeownership unaffordable for millions of renters. At the year’s midpoint, the real-estate landscape remains steeply tilted against home buyers. But the terrain may become less hostile to buyers in months to come. Here’s how we got here. Holden Lewis writes for NerdWallet.
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Troutman Sanders
JULY 6, 2022
In late June 2022, the U.S. District Court for the Central District of California gave final approval for a $2.5 million class-action settlement in Johnson v. Moss Brothers Auto Group to resolve claims brought against a motor vehicle dealer under the Telephone Consumer Protection Act (TCPA). The settlement resolves a class action, pending since 2019, before the Supreme Court’s landmark TCPA decision in Facebook v.
Public Citizen
JULY 5, 2022
The Consumer Financial Protection Bureau last week issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. The press release, with a link to the advisory opinion, is here.
Account Recovery
JULY 6, 2022
The Connecticut Department of Banking has levied a $10,000 fine against a company for operating as a consumer collection agency in the state without obtaining the proper license. A copy of the ruling in the matter against Lockhart, Morris & Montgomery can be accessed by clicking here. Last June, Lockhart, Morris & Montgomery applied for … The post Conn.
Nerd Wallet
JULY 5, 2022
Higher savings rates, lower fees, and better customer service: For every reason that motivates you to switch banks for checking or savings accounts, there’s an opposite reason to avoid the hassle. Changing banks, however, doesn’t happen often. Only 4% of customers switched banks in a year, according to J.D. Power’s 2019 U.S. Retail Banking Satisfaction.
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UK debt collections
JULY 7, 2022
The Insolvency has issued a statement on its use of Private Debt Collection Agencies this week. The notice advises that the Insolvency Service may used private debt collectors to recover income payment arrangements from bankrupt individuals. It also refers to collecting payments from companies that are in liquidation. It is assumed the public notice has been issued for the avoidance of doubt for any private individuals.
Debt RR
JULY 8, 2022
If a commercial account goes unpaid for an extended period of time, there will come a point when the business doing the billing takes additional action to recover the money. The delinquent account is put in collections. An account placed in collections has the potential to be paid in full, partially, or not at all. The question is when to place an account in collection.
Account Recovery
JULY 8, 2022
The Consumer Financial Protection Bureau yesterday issued another advisory opinion yesterday with respect to the Fair Credit Reporting Act, this time tackling the permissible purpose requirement of the statute, while also issuing a reminder that there are circumstances under which violators of the FCRA could face criminal prosecution. A copy of the advisory opinion can … The post CFPB Issues Guidance on FCRA’s Permissible Purpose Requirements appeared first on AccountsRecovery.net.
Nerd Wallet
JULY 6, 2022
Cancellation is the most popular proposal to address student loan debt, but it isn’t the only one out there. With the interest-free student loan payment pause in its third year, some wonder if 0% interest on student loans is a better answer. “I think this COVID pause has really illustrated — hopefully for policymakers but. Cecilia Clark writes for NerdWallet.
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?
UK debt collections
JULY 5, 2022
The insolvency service has issued a huge 10 year ban to a rogue director following investigations. Grigorijs Hacaturjancs, 34, originally from Latvia, has been disqualified as a director for 10 years after fraudulently claiming a £50,000 Bounce Back Loan. Grigorijs Hacaturjancs was director of Beauty & Melody Shop Ltd which was incorporated in 2015 and operated as an online retailer for hair and beauty products.
Troutman Sanders
JULY 8, 2022
On June 28, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule , encouraging states to enact more laws regulating consumer reporting, arguing that states’ powers are only constrained in limited ways by the Fair Credit Reporting Act (FCRA). The CFPB believes that states have the ability to enact state-level laws that are stricter than the FCRA, including outright prohibitions on reporting many kinds of truthful information about consumers, with only “limited preemption ex
Account Recovery
JULY 5, 2022
A District Court judge in Pennsylvania has denied a defendant’s motion for summary judgment, ruling that “reasonable juror” could determine that a collector acted with “requisite intent” when it made 12 calls to an individual after being notified that the individual no longer wanted to be contacted about an unpaid debt because he had been … The post Judge Denies MSJ in FDCPA Case Over Cease Request appeared first on AccountsRecovery.net.
Nerd Wallet
JULY 8, 2022
Title jumping is when someone purchases a car and then resells it without having titled it in their own name. Also known as floating a title, the practice is illegal. A title is a record of the vehicle’s ownership history kept by the state. Title jumping leaves no trace of the previous owner, leaving the. Benjamin Din writes for NerdWallet. Email: bdin@nerdwallet.com.
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?
Jimerson Firm
JULY 7, 2022
Far too often, I’m approached by tenants who have an issue with a residential lease that they have already signed and agreed to but have come to find out is full of problems and missing key information. Like any contract, once a lease is signed, there’s not much a tenant can do about the terms. That is why I strongly advise having an attorney review any lease before it’s signed.
FFGN COLLECT NY
JULY 7, 2022
On December 31, 2021, Governor Hochul signed the Fair Consumer Judgment Interest Act into law. This amended the post-judgment interest rate on all judgments against consumers from 9% to 2%, effective April 30, 2022. As part of the law, any current income executions need to be amended with their respective marshal or sheriff, reflecting the new interest rate and the new calculation of remaining interest outstanding on the judgment.
Account Recovery
JULY 7, 2022
Scott Purcell, the chief executive of ACA International, wants you to know that whatever is keeping you awake at night, whatever issues you and your agency are going through, the association’s upcoming convention has educational content that will help you get through it. “I know that there are many issues our agency members are facing … The post VIDEO: ACA International CEO Shares Details About Upcoming Convention appeared first on AccountsRecovery.net.
Nerd Wallet
JULY 6, 2022
Business financing is money that helps you start, run or grow your business. You can get small-business financing by taking out a business loan or another kind of debt, like a business line of credit. You can also raise money from supporters or invest your own money. With debt-based financing, you’ll have to pay back. Rosalie Murphy writes for NerdWallet.
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