Nerd Wallet
NOVEMBER 21, 2022
This Thanksgiving, it’s not just the pandemic or post-election political tensions threatening to ruin your family dinner — it’s also inflation. Oh, and the ongoing avian flu that has killed more than 7 million turkeys nationwide this year. The American Farm Bureau Federation, which tracks food prices, said in a news release that consumers could. Anna Helhoski writes for NerdWallet.
On Guard
NOVEMBER 23, 2022
From mobile payments to peer-to-peer lending, fintech is changing the way we invest, bank and do business. Fintech encompasses all technology that improves financial services and products. In short, fintech makes our financial lives easier. And this is true not only for individuals, but especially for businesses. Fintech helps you scale your business!
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Account Recovery
NOVEMBER 22, 2022
The Federal Communications Commission yesterday announced it had issued a declaratory ruling that entities using ringless voicemail products must first obtain the consent of the consumer before using the product to drop voicemails into consumers’ voicemail boxes. The ruling, which the FCC said was unanimous, means that ringless voicemails are considered to be telephone calls … The post FCC Rules Consent Needed for Ringless Voicemails first appeared on AccountsRecovery.net.
American Profit Recovery
NOVEMBER 23, 2022
There is a lot of important work done by reputable and professional debt collectors daily in this country. This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. The debt collection industry helps larger organizations keep costs down and keeps the workforce employed.
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
NOVEMBER 22, 2022
The No Surprises Act, billed as protection for patients against surprise medical bills, took effect on New Year’s Day 2022. But has the federal law actually curbed health care charges at high out-of-network rates, as well as certain forms of “balance billing” for the portion of provider charges not covered by insurance? The new law’s. John Rossheim 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
NOVEMBER 23, 2022
GOVERNMENT EXTENDS PAUSE ON STUDENT LOAN PAYMENTS UNTIL LEGAL CHALLENGES ARE RESOLVED The Biden Administration yesterday announced it was extending the moratorium on student loan payments until 60 days after litigation surrounding the plan to forgive up to $20,000 in unpaid student loans is resolved. If the litigation has not been resolved by June 30 … The post Daily Digest – November 23.
Sawin & Shea
NOVEMBER 23, 2022
Both being sued by a creditor and bankruptcy can feel like scary situations, but rest assured, filing for bankruptcy can help. Once bankruptcy is filed, whether it’s under Chapter 7 or Chapter 13 , an automatic stay prevents debt collectors from taking further legal action. Does bankruptcy clear lawsuit debt? Read on to answer this question and more regarding your bankruptcy situation.
Nerd Wallet
NOVEMBER 23, 2022
Wells Fargo appears to be back in the crosshairs of federal regulators, with Bloomberg reporting this month that the bank is expected to be fined more than $1 billion by the Consumer Financial Protection Bureau to settle investigations into its business practices. Details on these inquiries were not made available, and the CFPB and Wells. Cara Smith writes for NerdWallet.
Jimerson Firm
NOVEMBER 22, 2022
Florida’s assignment of benefits statute affects homeowners and businesses alike, and both parties should proceed with caution when dealing with an assignment of benefits agreement. Indeed, section 627.7152 of the Florida Statutes codifies the requirements for a valid assignment of benefits agreement. See Section 627.7152 of the Florida Statutes. What Is an Assignment of Benefits Agreement.
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Account Recovery
NOVEMBER 23, 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 first appeared on AccountsRecovery.net.
Fraser
NOVEMBER 23, 2022
The Federal Trade Commission recently extended the deadline , from December 9, 2022, to June 9, 2023, for compliance with the most stringent requirements of its latest rulemaking, revisions to the Safeguards Rule under the Gramm Leach Bliley Act (“the GLBA”). The GLBA, which was implemented over 20 years ago, defines how businesses gather, use, and share certain financial information about their customers.
Nerd Wallet
NOVEMBER 22, 2022
The White House has once again extended the federal student loan payment pause as it battles lawsuits threatening to derail its sweeping student debt forgiveness plan. Students may be off the hook for payments until summer 2023, the Department of Education said Tuesday. But if the Supreme Court decides the fate of Biden’s plan to. Eliza Haverstock writes for NerdWallet.
UK debt collections
NOVEMBER 25, 2022
The worst sectors for late payment are named and shamed in new ports. The reports looks at the late payment practices of different business sectors in 2022. Analysis of payments data provided to the Department for Business, Energy, and Industrial Strategy of the FTSE 100 and 250 by AP automation provider Medius, reveals the three worst industries for late payments in the first half of this year.
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Account Recovery
NOVEMBER 23, 2022
A District Court judge in North Carolina has granted a defendant’s motion for relief from judgment on the grounds that a default judgment obtained by the plaintiff in a Fair Debt Collection Practices Act case is void due to lack of service of process. A copy of the ruling in the case of Becvar v. … The post Judge Sets Aside Default Judgment Against Defendant in FDCPA Case first appeared on AccountsRecovery.net.
PBWT
NOVEMBER 20, 2022
Another domino has fallen. Earlier this year, we wrote about the challenges facing the crypto industry that resulted in the bankruptcy filings of Three Arrows Capital, Celsius Network, and Voyager Digital. We noted that other crypto entities could also end up in chapter 11, and that prediction has proven correct. On November 11, FTX Trading LTD and approximately 130 of its affiliates filed voluntary chapter 11 bankruptcy petitions in Delaware.
Nerd Wallet
NOVEMBER 23, 2022
If Black Friday and the holiday shopping season are on your mind, it might seem odd to think that savings accounts — and specifically savings vaults — should also be on your radar. But savings vaults are sub-accounts that help track different savings goals, and you can use them to keep your shopping organized as. Margarette Burnette writes for NerdWallet.
Consumer Finance
NOVEMBER 22, 2022
The CFPB and the New York Attorney General today took action against RD Legal Funding, two related entities, and the companies’ founder and owner, Roni Dersovitz to resolve their claims that defendants engaged in deceptive and abusive acts or practices under the Consumer Financial Protection Act in connection with offering cash advances to people on their settlement payouts from victim-compensation funds.
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
NOVEMBER 22, 2022
EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more? Call … The post Class Action Accuses Collector of Requiring Reason to Accept Dispute first appeared on AccountsRecovery.net.
UK debt collections
NOVEMBER 24, 2022
Rising Unpaid rent arrears across the UK has seen a sharp upturn in Private Landlords seeking rent protection insurance. Data from different firms suggest there’s been an upsurge in the purchase of rent protection insurance by various different agents. More buying insurance products. Firstly, Goodlord and Vouch claims that 17 per cent more agents are buying insurance products now compared to this time last year, presumably on the instruction of their landlord clients.According to Goodlord’s mont
Nerd Wallet
NOVEMBER 24, 2022
The Centurion Lounge at New York-LaGuardia Airport reopened in 2021, doubling from its initial size to 10,000 square feet. As commonly seen in all Centurion Lounges, the lounge at New York-LGA features locally inspired amenities, along with dining and cocktails curated by local chefs and mixologists. Centurion Lounges provide a more upscale experience than other.
Consumer Finance
NOVEMBER 21, 2022
CFPB Director Rohit Chopra’s statement on the Living Wills Submitted by JPMorgan Chase, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, State Street, and Bank of New York Mellon.
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
NOVEMBER 22, 2022
JPMorgan Chase and Mastercard have announced a partnership that will enable consumer data to be shared by “trusted” entities and allow consumers to pay bills from their bank account with greater ease and security. Called Pay-by-Bank, the solution will even use machine learning to determine the best time to initiate payments based on a consumer’s … The post JPMorgan, Mastercard Partner on New Pay-by-Bank Service first appeared on AccountsRecovery.net.
Jimerson Firm
NOVEMBER 24, 2022
Every small business should have a written contract, whether it is with its customers, vendors, or suppliers. While every business is different, and this may apply to some industries more than others, it is important for small businesses to evaluate when or how a dispute could arise and whether they are protected if that happens. As a litigation attorney, I am constantly presented with disputes and come to find out that the small business did not have a written contract in place.
Nerd Wallet
NOVEMBER 21, 2022
Staying on top of your debt is nearly impossible if you don’t know who owns your student loans. Knowing your loan balance, monthly payment and repayment options is critical if you want to pay off the loans faster, need to lower payments or temporarily stop making them altogether. Here’s how to determine who owns your. Trea Branch writes for NerdWallet.
Roths Child Law
NOVEMBER 23, 2022
The realization that you can’t pay all your bills each month can quickly put you into survival mode, which means you only pay what’s necessary to live. Late fees and negative marks on your credit report are likely going to affect you. . For some people, the hope of getting these debts taken care of gets a little farther away with each missed payment.
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