Collections Law
APRIL 5, 2022
Many businesses struggle with getting paid for their product or their work from individuals and other businesses. Perhaps your own business is trying to struggle through collecting overdue payments and you are wondering if there is something more you can do. You have more important aspects of your business to run, but you may not know at what point it becomes worthwhile to bring in a collection professional.
Debt RR
APRIL 5, 2022
To get you acclimated to this topic, commercial debt is any debt owed by a business or commercial venture. This debt is used exclusively for business expenses, asset acquisition, and improvements and is ever-present toward the start of most businesses. Commercial debt can accrue to a considerable sum, and if you are in such a situation, you are liable to pay off all the debts.
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Account Recovery
APRIL 8, 2022
A group of 18 state attorneys general sent letters to four of the largest financial institutions in the country this week, urging them to stop charging overdraft fees on consumers by this summer, and while the states did not make any threats in the letter about what would happen if the banks chose not to … The post AGs Call on Big Banks to End Overdraft Fees appeared first on AccountsRecovery.net.
American Profit Recovery
APRIL 8, 2022
By Sabrine: Looking back at when I was a college student, the last place I expected to be working at is a collection agency. Life took me to crazy places after graduation and before I knew it, I accepted a Collection Specialist position. At the time, I figured I would work at APR (American Profit Recovery) temporarily until I became certified in the field I graduated in.
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
APRIL 8, 2022
It can seem daunting to imagine reconnecting with clients after 2 years of a pandemic. Or perhaps you're thrilled and ready to get back to those in-person meetings. If you've been working remotely, it's time to try on those old business clothes and get on your client's calendar again. Here's what you can expect when reconnecting with clients in person.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
APRIL 8, 2022
Days after publishing a report illustrating the amount of late fees credit card issuers are charging consumers, a published report revealed that the Consumer Financial Protection Bureau is planning to “ramp up” enforcement actions in situations where late fees are being illegally charged while also issuing new regulations that would establish how much issuers can … The post CFPB Plans to ‘Ramp Up’ Enforcement Actions Over Credit Card Late Fees: Report appeared first
American Profit Recovery
APRIL 7, 2022
Our team here handles medical debt collections for a wide range of medical practices around the country. We keep up to date on the latest legislation and guidance from both federal regulators as well as state governments. In our industry, there seem to be changes all the time when it comes to how and when we are able to deal with consumers. These adjustments are meant to protect consumers and create an even playing field to assist them and the medical practices that require payment.
Nerd Wallet
APRIL 5, 2022
Buyers are willing to pay ever-higher prices, and homes are snapped up soon after they’re listed — you might think a seller in that environment would just sit back and watch the offers roll in. However, that is not the case with U.S. homeowners. Most homeowners who plan to sell their current home in the. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.
Consumer Finance
APRIL 6, 2022
Today, the Consumer Financial Protection Bureau (CFPB) is using its rulemaking authority to propose that consumer reporting agencies (CRAs) do not prevent survivors of human trafficking from achieving financial independence. The proposed rule would protect survivors of human trafficking by preventing CRAs from including negative information resulting from abuse.
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Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.
Account Recovery
APRIL 7, 2022
It’s a situation that happens all-too-often in collection agencies across the country. A consumer, in this case through her attorney, submits a letter disputing the debt. But the information included in the letter doesn’t match anything the agency can find in its system. Turns out, the agency had the debt under a different last name … The post Judge Denies Plaintiff’s MSJ, Partially Grants Defendant’s Motion in FDCPA Case Over Disputed Debt appeared first on Account
Better Credit Blog
APRIL 6, 2022
If you’re ready to tackle improving your credit, a credit repair service can help save you time, energy, and a whole lot of hassle. Credit repair companies challenge items on your credit report that are inaccurate, incomplete, or unverifiable. It is possible to handle this on your own, but it requires hours on the phone, sending letters, and working with each of the three credit bureaus.
Nerd Wallet
APRIL 5, 2022
The PayPal Cashback Mastercard®, issued by Synchrony, has been a member of a growing group of credit cards earning 2% cash back on all purchases. Beginning April 5, 2022, cardholders will earn 3% cash back when they use PayPal at checkout, while still earning 2% back on purchases made wherever Mastercard is accepted. There is. Sara Rathner writes for NerdWallet.
Consumer Finance
APRIL 5, 2022
A report published today by the Consumer Financial Protection Bureau (CFPB) shows few payday loan borrowers are benefiting from no-cost extended payment plans, which are required to be offered to borrowers in the majority of states that do not prohibit payday lending.
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For finance teams using Salesforce’s powerful CRM technology, automation can transform accounts receivable processes, driving efficiency and delivering measurable results like cost savings, reduced customer churn, and lower DSO.
Account Recovery
APRIL 6, 2022
Birmingham, Alabama – ARM Compliance Business Solutions is excited to announce that Tonia Brown has joined the company as a Senior Compliance Advisor. In this role, Tonia will navigate ARM Compliance Business Solutions clients through the ever-changing regulatory compliance requirements of consumer financial laws by enhancing their Compliance Management System through policy development and implementation, … The post Compliance Advisor Tonia Brown joins ARM Compliance Business Soluti
Public Citizen
APRIL 7, 2022
Do Copyright Holders Get a Free Pass to Identify Alleged Infringers? by Paul Alan Levy. Suppose that, on June 4, 2022 the owner of a China-based Twitter account were to post this 2005 photo of the Gate of Heavenly Peace, with text calling for remembrance of the martyrs of Tiananmen Square. Suppose further that, the following week, a previously unknown company based in China and claiming ownership of the copyright in the 2005 version of the iconic painting of Mao’s bust that sits o
Nerd Wallet
APRIL 6, 2022
Inflation is crushing almost all aspects of Americans’ budgets — including their vacations. Prices rose on average 7.9% for the past 12 months ending in February 2022, according to the U.S. Department of Labor. And one major travel expense rose way more than that: Rental car prices skyrocketed 24% year over year. The Consumer Price. Sally French writes for NerdWallet.
Jimerson Firm
APRIL 7, 2022
Consequential damages for breach of a construction contract are a significant risk that contractors need to understand and be aware of in connection with construction projects. This blog explains the difference between consequential damages and direct damages for breach of contract, and provides recommended ways for construction contractors to mitigate their exposure to liability for consequential damages as part of contract negotiations.
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
APRIL 6, 2022
The chairwoman of the Federal Communications Commission is calling on Congress to help amend the definition of an automated telephone dialing system because the Supreme Court’s decision in Facebook v. Duguid “could lead to less consumer protection from robocalls,” she wrote in a letter responding to a request from Rep. Vern Buchanan [R-Fla.] about the … The post FCC Chair Says Congress May Need to Act to Expand Definition of ATDS Under TCPA appeared first on AccountsRecov
Albuquerque Law
APRIL 6, 2022
The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same amount of debt as those who did not participate in such benefit programs.
Nerd Wallet
APRIL 4, 2022
So, you want to learn more about your money and make moves with it. Go you. “That’s a moment of self-awareness that requires celebration,” says San Francisco-based financial coach Saundra Davis. And your timing is perfect, as April is Financial Literacy Month. This designation wouldn’t exist unless many people needed help understanding their money. “You’re.
Better Credit Blog
APRIL 3, 2022
If you’re reading this article, I bet you’ve recently been contacted by a company called Portfolio Recovery Associates —and you may be wondering how to remove them from your credit report. Portfolio Recovery Associates, LLC, is a collection agency that buys old debts from lenders and companies that have been unable to collect the debt themselves.
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
APRIL 8, 2022
A plaintiff has filed a lawsuit in Texas against a collection agency, alleging it violated the Fair Debt Collection Practices Act and Regulation F because it sent a collection letter that failed to include an itemization date while also allegedly including contradictory information as to whether interest on the underlying debt was actually accruing.
Debt RR
APRIL 8, 2022
The quest to obtain financial compensation for unpaid commercial debt might require legal action. To be more specific, you need the assistance of a commercial debt collections specialist to pursue civil litigation on your behalf. Your legal action as a plaintiff is filed in the appropriate court, setting the stage for a lawsuit that obtains financial compensation from the debtor, referred to as the defendant.
Nerd Wallet
APRIL 4, 2022
You typically have a limited amount of time to choose the best health insurance plan for your family, but rushing and picking the wrong coverage can be costly. Here’s a start-to-finish guide to help you find affordable health insurance, whether it’s through a state or federal marketplace or through an employer. Step 1: Choose your. Kate Ashford writes for NerdWallet.
Troutman Sanders
APRIL 5, 2022
On March 24, Utah’s governor signed the Commercial Financing Registration and Disclosure Act (CFRDA) into law. Under the CFRDA, beginning January 1, 2023, commercial financing providers must register with the Utah Department of Financial Institutions (Department) and provide certain disclosures. Utah’s registration requirement is the first applicable to providers of accounts receivable purchase transactions (commonly known as merchant cash advances, or MCAs), as Virginia’s governor has not yet s
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