Nerd Wallet
FEBRUARY 22, 2022
Inflation — the rise in consumer prices — is a slow erosion of your money over time. Before 2021, the United States hadn’t seen annual core inflation much above 3% for the better part of 25 years, says Michael Ashton, managing principal of Enduring Investments, a consulting and investing firm in Morristown, New Jersey. So. Hal M. Bundrick, CFP® writes for NerdWallet.
Collections Law
FEBRUARY 22, 2022
When a company that owes you money tries to hide its assets, it can be quite frustrating. You should know that you have options for locating and collecting that money. At Law Offices of Alan M. Cohen LLC, our attorneys have nearly 50 years of combined legal experience peeling back the layers of a company’s transactions to find fraudulent conveyances that reveal a debtor’s hidden assets.
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Credit Management Company
FEBRUARY 22, 2022
The word debt often fills people with anxiety, and not without reason. The average American has over $90,000 of debt , and many struggle to manage this number. Therefore, many people find themselves encountering collection agencies at one point or another. Unfortunately, much of what people “know” about the debt collection industry relies more on myths than facts.
Account Recovery
FEBRUARY 25, 2022
The Attorney General of Washington has filed a lawsuit against a hospital network for failing to ensure that certain patients were legally eligible for charity care and “aggressively” collecting $70 million from those individuals. The complaint was filed against Swedish Health Services and Providence Health & Services-Washington and accuses them of violating state law in … The post Wash.
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.
American Profit Recovery
FEBRUARY 21, 2022
We have assembled a fantastic group of professionals here and we believe we have some of the best debt collectors in the country. And it didn’t happen by accident. We have been able to put together this team for several reasons and because of this, both the businesses we serve and the consumers we speak with every day benefit from this well-trained and dedicated team.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nexa Collect
FEBRUARY 24, 2022
Inflation translates to higher accounts receivable and unpaid bills. Wage growth does not keep up with rising prices for most people. Whenever there is a spike in inflation, interest rates rise. This translates to higher delinquencies for credit card bills and more people unable to pay their mortgage. People divert their finances towards more necessary expenses like food and rent over other bills obligated to pay, but feel they can be deferred.
Account Recovery
FEBRUARY 25, 2022
JUDGE GRANTS MSJ FOR DEFENDANT IN TCPA ATDS CASE A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid … The post Daily Digest – February 25.
True Accord
FEBRUARY 23, 2022
Most Americans are in enough credit card debt, they would do anything to go back in time and change the outcome of their financial situation, according to new research. A survey of 2,000 general population Americans examined how they tackle their financial hurdles and found the average person owes $3,083 to credit card debt. Many respondents shared their financial regrets over the years, from not setting up a retirement plan when they were younger (51%), to not paying close attention to their cr
Nerd Wallet
FEBRUARY 22, 2022
When it comes to money and relationships, we’re all a bit like Goldilocks — this ex spent too much, this ex was too cheap. It can be a long, difficult search for someone who is just right. Even in a long-term relationship, you can be unpleasantly surprised by someone you thought you knew well. Carla. Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com.
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Prosperity Now
FEBRUARY 23, 2022
The House-passed version of the Build Back Better Act , an expansive and ambitious piece of legislation aimed at shoring
Account Recovery
FEBRUARY 24, 2022
I think I’m probably not the only person in the world, who, when wandering around a store and coming across an item without a price tag, makes a comment about how said item must be free. We all know that just because there is no price tag, the item isn’t free, but I guess some … The post Judge Grants MTD in FDCPA Class Action Over Settlement Offer in Letter appeared first on AccountsRecovery.net.
Fico Collections
FEBRUARY 23, 2022
When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money. The financial impact of scams is staggering indeed: in the UK alone, authorised push payment (APP) scams accounted for £479 million in gross losses in 2020.
Nerd Wallet
FEBRUARY 23, 2022
If you’re into nature, history or gastro tourism, Puerto Rico provides a number of appealing reasons to visit any year. However, 2022 is shaping up to be an especially good time to travel there — and there’s one big reason why: It’s the most vaccinated place in the U.S. As of February 2022, 81.1% of. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.
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Debt Free Colorado
FEBRUARY 21, 2022
Debt Relief Attorney Serving Colorado. Bankruptcy may appear to be a scary process, but it does not have to be. Dray Legal Office’s attorneys will endeavor to help you obtain a fresh start by eliminating debt and reorganizing your finances. You may be able to apply for one of many different types of bankruptcy, each of which accomplishes various aims, depending on your specific situation.
Account Recovery
FEBRUARY 23, 2022
Now, the waiting begins. The entire panel of judges on the Eleventh Circuit Court of Appeals heard oral arguments yesterday in Hunstein v. Preferred Collection & Management Services, the latest legal skirmish in a case that has been the most closely watched and scrutinized Fair Debt Collection Practices Act lawsuit in years. If you have … The post Summarizing Yesterday’s Hunstein Hearing appeared first on AccountsRecovery.net.
Consumer Finance
FEBRUARY 22, 2022
The Consumer Financial Protection Bureau (CFPB) today outlined options to ensure that computer models used to help determine home valuations are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.
Nerd Wallet
FEBRUARY 25, 2022
Access to affordable capital is essential to running a small business. Still, the process of applying for a business loan can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not. Randa Kriss 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
FEBRUARY 23, 2022
Debt Collectors and Bailiffs Steve Pinner and Paul Bohill earned fame across the UK featuring on Channel five’s Can’t Pay? We’ll Take It Away. Now they no longer work for DCBL (Direct Collections Bailiffs Ltd) that featured on the programme and are chasing their former employers for £200,000. The pair have issued a claim in London’s high court claiming that their former bosses owe them nearly a quarter of a million pounds according to reports in National Newspapers such as the Mirror
Account Recovery
FEBRUARY 25, 2022
A class-action complaint has been filed in federal court in Florida accusing a collector of violating the Fair Debt Collection Practices Act by requiring that the plaintiff include a reason why a debt was being disputed when disputing a debt during a phone call with a representative of the defendant. A copy of the complaint … The post Plaintiff Accuses Collector of Requiring Reason for Dispute in FDCPA Class Action appeared first on AccountsRecovery.net.
Qualco
FEBRUARY 22, 2022
By George Fertakis. Collaboration with law firms and Debt Collection Agencies (DCAs) is an integral part of modern collections and recoveries practices. Not only at the stage of the legal action where the involvement of legal professionals is necessary, but also at the earlier, amicable collections stages. Involving law firms across the debt management lifecycle.
Nerd Wallet
FEBRUARY 23, 2022
In 2021, the American Rescue Plan Act set aside nearly $10 billion to provide direct relief to homeowners struggling with finances because of the COVID-19 pandemic. Known as the Homeowner Assistance Fund, or HAF, this money would be split among U.S. states, territories and tribal governments, with each creating its own program for distributing the. Kate Wood writes for NerdWallet.
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?
Troutman Sanders
FEBRUARY 25, 2022
On February 22, the Fourth Circuit clarified in a published opinion what communications constitute a qualified written request (QWR) under the Real Estate Settlement Procedures Act (RESPA). The Fourth Circuit held that “where a written correspondence to a loan servicer provides sufficient information to identify the account and an alleged servicing error, such correspondence is a QWR for the purpose of RESPA and Regulation X.”.
Account Recovery
FEBRUARY 25, 2022
A District Court judge in Indiana has granted a defendant’s motion for summary judgment in a Telephone Consumer Protection Act case, ruling that the defendant did not use an automated telephone dialing system when contacting the plaintiff on his cell phone to collect on an unpaid debt after he had revoked consent to be contacted. … The post Judge Grants MSJ for Defendant in TCPA ATDS Case appeared first on AccountsRecovery.net.
Public Citizen
FEBRUARY 21, 2022
Here. Excerpt: After years of struggling to make payments that hardly put a dent in the loans she took out to attend a now defunct arts school, Victoria Linssen saw a glimmer of hope. A deal last month between 39 states and Navient, a student lending giant accused of unfairly ensnaring borrowers like her, would wipe away $1.7 billion in private student loans.
Nerd Wallet
FEBRUARY 24, 2022
Flexible travel rewards like American Express Membership Rewards points are, effectively, a currency. So understanding the relative value of these points is an important consideration when earning or spending them. So how much are AmEx points worth? Based on our analysis, the current AmEx points value is between 1 cent when used to book travel. Sam Kemmis writes for NerdWallet.
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