Account Recovery

NOVEMBER 24, 2020

A group of consumer advocacy organizations have published a guide to help individuals with student loans navigate their way through the COVID-19 pandemic and beyond, offering a “roadmap” to provide “substantial relief” to the 44 million individuals who have student loan debt. Among the ideas published in the guide are: Cancel student loan debt to … The post Consumer Groups Publish Report Offering Suggestions to Help Student Loan Crisis appeared first on AccountsReco

Student loans 246

Student loans Student Loans Loans 246

American Profit Recovery

NOVEMBER 25, 2020

By Matt Moskowitz: “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end” – Roy Bennett. “The flower that blooms in adversity is the rarest and most beautiful of all” – Walt Disney. No surprise, but 2020 has been a challenge for all of us! I find that in the most challenging and darkest times is when I have grown and reflected the most.

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In the Red

NOVEMBER 23, 2020

Each year amendments are made to the rules that govern how bankruptcy cases are managed — the Federal Rules of Bankruptcy Procedure. The amendments address issues identified by an Advisory Committee made up of federal judges, bankruptcy attorneys, and others. The rule amendments are ultimately adopted by the U.S. Supreme Court and technically subject to Congressional disapproval.

Bankruptcy 189

Bankruptcy Government Debtor Creditors 189

Nerd Wallet

NOVEMBER 24, 2020

Hiring professional movers can get pricey — and keeping costs down requires more than finding free boxes. Here are four costly moving mistakes, and how you can avoid them. 1. Hiring movers without vetting If you don’t research a moving company before booking, you might end up with a much larger bill — and more. Tracy Scott is a writer at NerdWallet.

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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

NOVEMBER 24, 2020

EDNY JUDGE GRANTS MTD IN FDCPA LETTER CASE A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for violating a number of provisions of the Fair Debt Collection Practices Act, such as including multiple addresses in a collection letter and because he received two letters that … The post Daily Digest – November 24.

Fair Debt Collection 246

Fair Debt Collection Collections 246

Credit Corp

NOVEMBER 24, 2020

A lot has changed during the coronavirus pandemic. Large in-person gatherings are a thing of the past, the economy has been affected , and some businesses have even shut down. There are many small businesses that are still open, but they’re struggling. It’s up to everyday people to continue to support them. But consumers have also been affected—many people have lost their jobs, making it more difficult to support small businesses.

Banks 98

Banks 98

Nerd Wallet

NOVEMBER 23, 2020

Tools like spreadsheets and budgeting apps can help you get better at saving money. But you might need to look beyond hard numbers to get a full financial picture. Your mental health, especially during a stressful period such as the current pandemic, can play a role in money decisions. Know that if you’re dealing with. Spencer Tierney is a writer at NerdWallet.

Banks 124

Banks 124

Account Recovery

NOVEMBER 23, 2020

OCC ISSUES PROPOSED RULE TO OFFICIALLY END OPERATION CHOKE POINT Without ever mentioning its name, the Office of the Comptroller of the Currency on Friday issued a proposed rule that would put an end to Operation Choke Point by calling on banks to ensure provide access to services and capital based on the risks of … The post Daily Digest – November 23.

Banks 246

Banks 246

Fico Collections

NOVEMBER 24, 2020

As we head into the holiday season, you’ve probably had enough stress in 2020. But wait––yet another wrench has been thrown in this challenging year! Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. Read on for five powerful fraud-fighting tips to help you break out of the 2020 doldrums and end the year with a little less stress!

Banks 98

Banks Government 98

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Collections

Jimerson Firm

NOVEMBER 23, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. If the Recoverable Value is over $5,000, the lender must decide which method of liquidation is the most appropriate to maximize the recovery in the shortest amount of time.

Collateral 98

Collateral Loans Secured Creditor Lender 98

Nerd Wallet

NOVEMBER 25, 2020

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Have a mortgage, older kids but little to no retirement savings? Alas, that’s not unusual: In 2016, the average American ages 50 to 55. Kevin Voigt is a writer at NerdWallet.

Education 119

Education 119

Account Recovery

NOVEMBER 25, 2020

EDPA JUDGE PARTIALLY DENIES MTD IN FCRA CASE A District Court judge in Pennsylvania has become the latest to tackle the issue of whether a plaintiff has standing to sue when claiming certain violations of the Fair Credit Reporting Act, partially denying the defendant’s motion to dismiss in a class-action suit. TRADE GROUPS, INCLUDING ACA … The post Daily Digest – November 25.

Trade 242

Trade 242

PDC Flow

NOVEMBER 24, 2020

Payment negotiations are the most important part of accounts receivable. If agents don’t know the best tactics for setting up payment plans or collecting higher dollar amounts, you will routinely leave money on the table. Every accounts receivable call center should train staff in basic methods for collecting the highest amount in the shortest time frame possible.

Healthcare 92

Healthcare Collections Trade 92

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Collections

Debtor Daddy

NOVEMBER 23, 2020

Do you know how your finance team is spending their time? Do you know which activities are eating away at their time? Can you identify what your team’s strengths and weaknesses are? Better yet, do you know what strategies are the most successful in collecting cash? How can you tell if an update to your credit control process makes a difference if you don’t have the right metrics in place?

Debtor 91

Debtor Collections 91

Nerd Wallet

NOVEMBER 25, 2020

Video seems to be everywhere these days. But there’s one place it can be especially useful: on the dashboard of your car. Dash cams — small video cameras mounted within a car — are getting less expensive while offering better quality and memory capacity. And their use is steadily growing, with dash cam sales expected. Philip Reed is a writer at NerdWallet.

Loans 104

Loans 104

Account Recovery

NOVEMBER 24, 2020

The Court of Appeals for the Tenth Circuit has upheld a lower court’s denial of class certification in a Telephone Consumer Protection Act lawsuit in which the plaintiff alleged to have received more than 200 robocalls from an auto lender, agreeing with the lower court that the plaintiff did not provide enough information to define … The post Appeals Court Upholds Denial of Certification in TCPA Case appeared first on AccountsRecovery.net.

Lender 241

Lender 241

Public Citizen

NOVEMBER 25, 2020

by Paul Alan Levy. A couple of months ago, South Carolina lawyer B. Craig Killough advanced vague intellectual property claims in objecting to a blog post by a California health policy expert who commented on some aspects of the pricing policies being followed by Palmetto GBA, one of the companies retained by the federal Centers on Medicare and Medicaid Services to process Medicare claims by health providers in several states.

Lawyers 81

Lawyers 81

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

UK debt collections

NOVEMBER 23, 2020

Over a million self employed freelancers have gone into debt since the pandemic began due to late payment. This startling revelation was detailed in a report released by the IPSE (The association of independent professionals and the self employed) along with digital bank starling. Research was undertaken by the parties to assess the major impact covid-19 has had on the UK’s self employed sector.

Government 66

Government Banks 66

Nerd Wallet

NOVEMBER 26, 2020

A popular perk of certain Marriott credit cards is the free night certificate that cardholders earn every year by renewing their card membership. But using those certificates can be a challenge — especially during the pandemic. Holders of the Marriott Bonvoy Boundless™ Credit Card and the Marriott Bonvoy Business™ American Express® Card get an annual.

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Account Recovery

NOVEMBER 23, 2020

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.

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PBWT

NOVEMBER 24, 2020

On Wednesday, November 18, two customers of Cred Inc., a cryptocurrency investment platform currently in Chapter 11, asked Delaware Bankruptcy Judge John T. Dorsey to convert the Chapter 11 case to a Chapter 7 liquidation (or, in the alternative, to appoint a Chapter 11 Trustee “with expertise in hunting down. stolen cryptocurrency”). Prior to its Chapter 11 filing, Cred received investor-cryptocurrency, typically in the form of loans, and then purportedly used those funds across a v

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Creditors Debtor Loans Bankruptcy 65

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

Consumer Finance

NOVEMBER 24, 2020

On November 25, 2020, the Consumer Financial Protection Bureau launched a refresh of its public website, consumerfinance.gov. The updated website will feature additional user functionality, an improved layout, more content, and easier access to information.

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60

Nerd Wallet

NOVEMBER 23, 2020

A point-of-sale loan lets you break down a purchase into a series of smaller payments, so you can buy now and pay later. In recent years, point-of-sale financing has rapidly expanded in the United States, with lenders like Klarna, Afterpay and Affirm now partnering with major retailers, including Macy’s, Bed Bath & Beyond and Walmart, Jackie Veling is a writer at NerdWallet.

Loans 102

Loans Retail Lender Personal loans 102

Account Recovery

NOVEMBER 23, 2020

Without ever mentioning its name, the Office of the Comptroller of the Currency on Friday issued a proposed rule that would put an end to Operation Choke Point by calling on banks to ensure provide access to services and capital based on the risks of the particular client and not make broad-based decisions that affect … The post OCC Issues Proposed Rule To Officially End Operation Choke Point appeared first on AccountsRecovery.net.

Banks 239

Banks 239

True Accord

NOVEMBER 27, 2020

TrueAccord released Ten Critical Questions: The Buyer’s Guide to Digital Debt Collections Solutions. The ebook is the definitive guidebook for organizations looking to jumpstart their digital debt collection journey. “We wrote this book to distill what we’ve learned after many years in the industry,” said Sheila Monroe, TrueAccord Corp. CEO. “There’s no question that digital-first debt collection delivers superior results for creditors and a better experience for consumers.

Collections 52

Collections Creditors 52

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