Account Recovery

DECEMBER 20, 2022

Want to see a negotiation, in real-time, between a customer service agent and a bot backed by artificial intelligence? Here you go: Here it is! The first ever Comcast bill negotiated 100% with A.I and LLMs.Our @DoNotPay ChatGPT bot talks to Comcast Chat to save one of our engineers $120 a year on their Internet … The post Company Prepping ‘Robot’ Lawyer Uses AI to Negotiate Lower Bills first appeared on AccountsRecovery.net.

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Lawyers 246

Collections Law

DECEMBER 19, 2022

A foreign judgment is a judgment, decree, or court order outside of the Commonwealth of Massachusetts. Creditors can use certain legal tools to collect from deadbeat debtors, but the process requires following a complex legal process. The attorneys at the Law Offices of Alan M Cohen LLC have over five decades of experience navigating this process and can put this experience to work for you, better ensuring you get the payment you earned.

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FFGN COLLECT NY

DECEMBER 19, 2022

The debt collection process in New York is different for lawyers than others. A dispute over legal fees, non-payment, billing rate, or a client seeking a refund, is commonly referred to as a “ fee dispute.”. In New York state, there are rules that govern how to pursue a fee dispute. The rules are the same regardless if you are the lawyer or the client.

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American Profit Recovery

DECEMBER 23, 2022

Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? We got you covered here! There are untold amounts of myths regarding collection agencies and how they operate. And even more myths about how they interact and work with consumers. So we thought we would share a little bit of inside baseball when it comes to debt collections and debunk many of the myths that people share.

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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

DECEMBER 23, 2022

The Consumer Financial Protection Bureau has fined an international remittance company $700,000 for not refunding consumers after it made transfer errors, in a failure to comply with the Electronic Funds Transfer Act. A copy of the enforcement action against Servicio UniTeller can be accessed by clicking here. Between 2013 and 2021, the company allegedly did … The post CFPB Fines Remittance Company $700k For Failing to Provide Refunds first appeared on AccountsRecovery.net.

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Nerd Wallet

DECEMBER 21, 2022

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article 4 Questions to Ask Before You Buy a Home or Invest in 2023 originally appeared on NerdWallet.

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Education 111

American Profit Recovery

DECEMBER 21, 2022

The team here at American Profit Recovery always takes time to ring in the holiday season. Working in the debt collection industry is fast-paced, and sometimes challenging and it is important for this organization to ensure the entire team gets a chance to experience everything this season has to offer. It has been a long tradition here to have many opportunities to celebrate the holidays.

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Collections 224

Account Recovery

DECEMBER 22, 2022

The overall financial well-being of consumers is back to its pre-pandemic levels, which is not necessarily a good thing, according to data released yesterday by the Consumer Financial Protection Bureau, with a noticeable decline in financial health for Hispanics and individuals under 40. A copy of the full report can be accessed by clicking here. … The post Consumers’ Financial Well-Being on the Decline: CFPB first appeared on AccountsRecovery.net.

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Consumer Finance

DECEMBER 19, 2022

Today, the CFPB is ordering Wells Fargo to pay more than $2 billion in redress to over 16 million consumers and a $1.7 billion civil penalty for widespread illegal activity across its major product lines for which it has never been held to account.

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Banks 123

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Nerd Wallet

DECEMBER 21, 2022

Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com. Twitter: @SAFmedia. The article Hawaii Tourism Is Way Up — and It’s Just Getting Started originally appeared on NerdWallet.

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Prosperity Now

DECEMBER 19, 2022

Last week, Director Rohit Chopra of the Consumer Financial Protection Bureau (CFPB or “the Bureau”) testified before Congress to provide

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Account Recovery

DECEMBER 23, 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 Complaint Accuses Collectors of Simultaneously Trying to Collect on Debt, Contradicting One Another first appeared on AccountsR

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Collections 246

Consumer Finance

DECEMBER 21, 2022

Today, the CFPB issued an order against Servicio UniTeller, an international remittance company, for multiple violations of the requirements governing electronic money transfers, including failing to refund customers after the company made money transfer errors.

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Government 96

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Nerd Wallet

DECEMBER 22, 2022

Liz Weston, CFP® writes for NerdWallet. Email: lweston@nerdwallet.com. Twitter: @lizweston. The article How to Complain and Get Results originally appeared on NerdWallet.

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Prosperity Now

DECEMBER 18, 2022

Awe. That is the word that comes to mind when I look back at this past year at Prosperity Now.

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Account Recovery

DECEMBER 23, 2022

A District Court judge in New Jersey has granted a defendant’s motion to dismiss a Fair Debt Collection Practices Act class-action related to the statute of limitations disclosure in a collection letter, affirming that the disclosure made by the defendant is one that has already been ruled on by other judges in and out of … The post Judge Grants MTD in FDCPA Class Action Over SOL Disclosure in Letter first appeared on AccountsRecovery.net.

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Fair Debt Collection Collections 246

PDC Flow

DECEMBER 20, 2022

PDCflow has worked hard throughout 2022 to offer the best possible payment communication software possible to our customers. With the new year approaching, we wanted to give you – our customers and subscribers – another chance to catch up on our latest partnerships, product enhancements, educational content and video interviews (highlighting some of our accomplishments along the way).

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Education Manufacturing Collections 68

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

DECEMBER 19, 2022

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. The article Benefit From Fed Rate Hikes With a High-Yield Savings Account originally appeared on NerdWallet.

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Banks 94

Consumer Finance

DECEMBER 20, 2022

Today, CFPB released a new Making Ends Meet report covering the financial health of American households.

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Account Recovery

DECEMBER 23, 2022

A state court judge in Arizona has denied a challenge from the accounts receivable management industry that sought to keep the Arizona Protection from Predatory Debt Collection Act — a measure that increases the amount that can be shielded from garnishments to pay medical debts while also lowering judgment interest rates — from going into effect. … The post Industry Vows to Appeal Ruling Denying Challenge to Arizona Garnishment Law first appeared on AccountsRecovery.net.

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True Accord

DECEMBER 21, 2022

When most people think of debt collection, the word “empathy” rarely comes to mind. As a mission-driven company, we at TrueAccord, are trying to change that. We know life happens and financial anxiety has become more common than ever—especially when it comes to dealing with debt. By understanding and anticipating a customer’s needs, our TrueAccord takes an empathetic approach which enables us to tailor our message and help the consumer’s journey back to financial health.

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Creditors Collections Financial services 61

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

DECEMBER 19, 2022

Our Take 4.6 The bottom line: Guarda’s cryptocurrency wallet gives you a lot of options if you want to store your cryptocurrency on an internet-connected device, supporting thousands of cryptocurrencies using mobile, desktop and browser-based applications. Pros & Cons Pros: Large selection of supported cryptocurrencies; useful tools across desktop, mobile and browser apps.

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Albuquerque Law

DECEMBER 22, 2022

As New Mexico residents prepare for the holidays and the start of a new year, it is common to reflect on the past year. This practice is widespread, with even the government and courts gathering data on the events of the year – especially in terms of finances. So, what is the latest information on bankruptcy for this last year? What are the statistics?

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Bankruptcy Chapter 13 bankruptcy Creditors Government 54

Account Recovery

DECEMBER 20, 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 Complaint Accuses Collector of ATDS Contact via Text After Being Informed of Attorney Representation first appeared on Accounts

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Troutman Sanders

DECEMBER 23, 2022

As discussed here , on May 20, California’s Department of Financial Protection and Innovation (DFPI or Department) announced that it had filed a Notice of Proposed Rulemaking with the Office of Administrative Law. The purpose of the proposed regulations is to make explicit what it means to provide a timely response to consumer complaints. Covered persons are expected to have appropriate procedures to review, investigate, respond to, track, and report consumer complaints and inquiries.

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Student loans Student Loans Financial Institution Debt collector 52

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