Credit Corp

NOVEMBER 15, 2020

When you’re in debt, getting calls from debt collectors is common. But can debt collectors call on holidays? Although there are no regulations that specifically make calling on holidays illegal, there are regulations that prohibit debt collectors from contacting consumers at unusual or known inconvenient times. . Find out more about the answer to this common question, and learn what you can do to take care of your debt for good. .

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Debt collector Creditors Fair Debt Collection Garnishment 119

Jimerson Firm

NOVEMBER 16, 2020

When a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral. In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the collateral. § 679.609, Fla. Stat. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession.

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PDC Flow

NOVEMBER 17, 2020

There was a time when remote work—commonly referred to as telecommuting—was widely regarded as an incentive not only for employees but also for their employers. However, with the COVID-19 pandemic, remote work has become less of an incentive than a necessity. After all, telecommuting is pretty much the only way some companies can continue their operations with a semblance of normalcy amid lockdowns and tightening restrictions on business.

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Collections 86

Account Recovery

NOVEMBER 20, 2020

Generally, things that are sticky are not things that are sought after and desired. But when it comes to practice and training, that needs to be sticky to be effective. Because how many times have you set up a training session for your collectors, watched them walk back to their desks and use it for … The post Training Bytes Video: How to Use Practice to Help Motivate Collectors appeared first on AccountsRecovery.net.

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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.

Enterprise Recovery

NOVEMBER 20, 2020

As we've said before, time is money. With that in mind, the last thing you or your sales reps want to do is spend time with a client who: Doesn't match your version of the ideal client. Doesn't have a need for what you're offering. Doesn't have the money to pay you. Timing is also everything. Your salespeople need to be able to identify if the client meets all of your qualifiers and is ready to buy.

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Nexa Collect

NOVEMBER 19, 2020

In a previous article, we discussed the importance of a SWOT analysis. One of the main functions of the SWOT analysis is to help formulate strategies to keep the business running and help it grow. Here, we will look at the most common reasons why some strategies have been successful while others have failed. ‘Strategy’ is a magic word that can have different meanings in different industries.

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Account Recovery

NOVEMBER 19, 2020

GETTING TO KNOW DAN MEDINA OF GULF COAST COLLECTION BUREAU How many times have you heard, “Never show someone you can do something because then you’ll be asked to do it all the time”? Dan Medina is proof that you shouldn’t believe that for a second. Because without demonstrating a talent for data analysis, he … The post Daily Digest – November 19.

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Collections 246

Enterprise Recovery

NOVEMBER 16, 2020

Yesterday, the LA Times reported " 'Work from Anywhere'" is Here to Stay " noting that tech companies are leading the way to making remote work permanent for their employees. IBM's CEO also stated that even with a predicted COVID vaccine, remote work would continue. It's not a surprise that for technology or digital marketing companies, remote work will be the norm, even after the pandemic.

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Credit Corp

NOVEMBER 19, 2020

Small businesses are a huge part of the American economy. They make up 99% of all businesses in the nation. But even in good times, small businesses have around a 50% long-term survival rate , making economic uncertainty and a global pandemic extremely worrisome for many small-business owners. Find out how you can support small businesses in your community this holiday season to help make your local economy a bit merrier and brighter.

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Retail 128

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Nerd Wallet

NOVEMBER 18, 2020

Life insurance applications for Americans have jumped in 2020 as the COVID-19 pandemic has made us more aware of our own mortality. No one has been more interested in their own life insurance gaps than the under-45 crowd. Application activity has grown almost twice as fast this year for Americans 44 and younger as for. Andrew Marder is a writer at NerdWallet.

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Account Recovery

NOVEMBER 18, 2020

JUDGE GRANTS MOTION FOR DEFENDANT IN FDCPA LETTER CASE, DENIES MOTION FOR ATTORNEY’S FEES A District Court judge in New York has granted a defendant’s motion for judgment on the pleadings, but denied its motion for defense fees under the Fair Debt Collection Practices Act’s fee-shifting provision, after it was sued in a class-action for … The post Daily Digest – November 18.

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PBWT

NOVEMBER 15, 2020

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. See 11 U.S.C. §§ 544, 547, 548. These avoidance powers are subject to certain limitations, including a safe harbor in section 546(e) exempting certain transfers. Among other things, section 546(e) bars avoidance of a “settlement payment. made by or to (or for the benefit of). a financial institution [or] a transfer made by or to (or for the benefit of) a. financial institution.

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Credit Corp

NOVEMBER 18, 2020

Identity theft is a major problem. According to the Federal Trade Commission (FTC), there were more than 650,000 victims of identity theft in 2019, making ID theft the most-reported type of FTC complaint. Chances are good that you will encounter identity theft in your lifetime. That was the case for at least 1 in 10 Americans ages 16 and older in 2016, according to the most recent data from the Bureau of Justice Statistics.

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Nerd Wallet

NOVEMBER 18, 2020

The COVID-19 pandemic will continue to touch every corner of the housing market in 2021. It will keep mortgage rates low and affect who will be able to buy homes. That’s not all. A wave of foreclosures will begin in 2021 unless lenders, nonprofits and the federal government coordinate effectively to prevent it. And housing. Holden Lewis is a writer at NerdWallet.

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Account Recovery

NOVEMBER 17, 2020

A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. A copy of the ruling in the … The post Judge Grants MTD in FDCPA Harassment Case appeared first on AccountsRecovery.net.

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Fair Debt Collection Collections 246

Luftman, Heck & Associates.

NOVEMBER 20, 2020

Chapter 13 bankruptcy can help consolidate your debt so you can repay it, usually over 3 to 5 years. Your monthly payments will depend on your income since the plan is income-based, and while Chapter 13 can put you on the right financial path, it typically means making sacrifices in the short term. One of the most common things people scale back on is making their car insurance payments.

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Chapter 13 bankruptcy Bankruptcy 98

Roths Child Law

NOVEMBER 16, 2020

Many college graduates in Tennessee are struggling with student loan repayments, and you might be among them. Whether you have federal loans, private loans or some combination of the two, student loan debt has kept people from buying homes, starting businesses or even having children, to the extent that it has become a national issue of concern. Is public service loan forgiveness for you?

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Loans Chapter 7 bankruptcy Student loans Student Loans 98

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

Nerd Wallet

NOVEMBER 16, 2020

Amid all of the retail chaos and change of 2020, at least one thing remains the same: the biggest sale day of the year. Black Friday — the day after Thanksgiving — has a reputation as the best time of the year to buy just about anything. But even though Black Friday still exists in. Courtney Jespersen is a writer at NerdWallet. Email: courtney@nerdwallet.com.

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Retail 122

Account Recovery

NOVEMBER 17, 2020

JUDGE GRANTS MTD IN FDCPA HARASSMENT CASE A District Court judge in Georgia has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act, ruling that the plaintiff failed to state a claim because she forgot one of the most important components of an FDCPA claim. … The post Daily Digest – November 17.

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Fair Debt Collection Collections 246

Troutman Sanders

NOVEMBER 17, 2020

We reported in September of this year on a demand from multiple consumer advocacy groups to the Consumer Financial Protection Bureau (“CFPB”) to rescind its April 1, 2020, credit report guidance that relaxed the Fair Credit Reporting Act’s (“FCRA”) deadlines to investigate consumer-initiated direct disputes. In a letter dated November 9, 2020, CFPB Director Kathleen Kraninger told the National Consumer Law Center that the CFPB would not drop the FCRA relief for furnishers and credit report

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Consumer Finance

NOVEMBER 15, 2020

The Consumer Financial Protection Bureau and the Office of the Colorado Attorney General announced joint, virtual office hours to be held as part of the American Consumer Financial Innovation Network.

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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

Nerd Wallet

NOVEMBER 20, 2020

The rules for protecting credit during the holidays usually don’t vary much from year to year, but in 2020, COVID-19 has changed where and how we shop. And money’s tight for a lot of people. About 40% of Americans said they plan to spend less on holidays this year due to the pandemic, according to. Bev O'Shea is a writer at NerdWallet. Email: boshea@nerdwallet.com.

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Account Recovery

NOVEMBER 17, 2020

President-elect Joe Biden continued to add members to his transition team, this time selecting a handful of individuals to oversee the Federal Communications Commission, including a former commissioner who voted in favor of the 2015 Omnibus ruling that dramatically overhauled the Telephone Consumer Protection Act and led to a landmark lawsuit. Mignon Clyburn, who served … The post Biden Names Former FCC Commissioner Who Voted in Favor of 2015 TCPA Ruling to Transition Team appeared first o

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Prosperity Now

NOVEMBER 17, 2020

Last year, we published a report that analyzed low- and moderate-income (LMI) people’s financial situation and the systems that support

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Consumer Finance

NOVEMBER 17, 2020

The Federal Reserve Board and Consumer Financial Protection Bureau today announced the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) that will apply for determining exempt consumer credit and lease transactions in 2021.

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Consumer Credit 82

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