Account Recovery

OCTOBER 16, 2020

ENCORE TO PAY $15M TO SETTLE CFPB LAWSUIT The Consumer Financial Protection Bureau yesterday announced it has settled a lawsuit it filed last month against Encore Capital Group and its subsidiaries, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp. The companies will repay consumers nearly $80,000 and pay a civil fine of $15 … The post Daily Digest – October 16.

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Garnishment Credit Management 246

Enterprise Recovery

OCTOBER 16, 2020

When you're trying to learn more about your business finances, a cash flow statement is a must. This financial statement paints a clear picture of how your business is managing its cash to pay debts and fund operations. The cash flow statement can help determine the success of your business and be an important indicator of potential to an investor. What is a cash flow statement and why is it important?

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Nexa Collect

OCTOBER 12, 2020

Doctors are smart people. But even smart people make dumb mistakes sometimes. Going to medical school doesn’t guarantee that you how to handle your finances. Newly minted physicians earn high incomes but have large amounts of student debt, and generally require specialized insurance. This can get people into trouble if they aren’t aware of best practices for building and holding onto wealth.

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Loans Government Education 130

Nerd Wallet

OCTOBER 12, 2020

Entry-level jobs are scarce for recent college graduates, which leaves the Class of 2020 in a precarious position as their student loan debt comes due. Taylor Cabrera has been job-hunting for months since graduating from the University of Mississippi last spring with dual bachelor’s degrees in biology and physics, and has moved in with family. Anna Helhoski is a writer at NerdWallet.

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Loans Student loans Student Loans 144

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

OCTOBER 15, 2020

A District Court judge in California has granted final approval of a $6 million settlement in a Telephone Consumer Protection Act case that alleged a debt collector placed calls to individuals’ cell phones using an automated telephone dialing system without first obtaining their consent. The defendant has also agreed to create an $18 million debt … The post Judge Approves $6M Settlement in TCPA Case Against Collector appeared first on AccountsRecovery.net.

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Debt collector 246

Credit Corp

OCTOBER 15, 2020

Women often face unique challenges when managing their personal finances. One of those, for example, is the gender pay gap. According to PayScale, in 2020 women make on average 81% of what men earn in the workplace. But you don’t have to let those obstacles keep you from achieving your financial goals—check out some of these financial resources for women to help you manage your money and get ahead for the future. 1.

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Education Credit Card Debt 106

Nerd Wallet

OCTOBER 16, 2020

Is Halloween canceled this year? It might be in your neighborhood, but it’s not canceled everywhere. Sure, some popular, annual Halloween events at theme parks are off the table this year. With Disneyland still closed, that means the park’s annual Oogie Boogie Bash Halloween party is out. The Universal Studios Halloween Horror Nights are known. Sally French is a writer at NerdWallet.

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Account Recovery

OCTOBER 14, 2020

JUDGE DENIES DEFENDANT’S RENEWED MSJ IN FDCPA CASE OVER STATUS OF LETTER A District Court judge in Florida has denied a defendant’s renewed motion for summary judgment after it was sued for allegedly violating the Fair Debt Collection Practices Act by not including some of the required disclosures in a letter sent to the plaintiff, … The post Daily Digest – October 14.

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Fair Debt Collection Judgment Collections 246

Luftman, Heck & Associates.

OCTOBER 16, 2020

It can be incredibly rewarding to own your own business. It can also be incredibly expensive – between marketing, payroll, and other overhead costs, you may find yourself spending a lot to keep your business running. Add to that a couple of months where maybe your profits didn’t meet expectations, and you’re looking at an enormous amount of debt. When your self-employment costs get out of hand, it might be Read More.

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Bankruptcy 98

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Collections

Credit Corp

OCTOBER 16, 2020

The coronavirus pandemic caused many people to cancel travel plans around the world. You might’ve already had to cancel a family vacation or two. But not being able to travel doesn’t mean there aren’t things to plan for fun at home–beyond your typical game night. You and your family can recharge without ever leaving your hometown.

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Trade Collections 98

Nerd Wallet

OCTOBER 13, 2020

In a year that has thrown a pandemic, natural disasters and economic calamity at us while we lurch closer to a presidential election, stability can feel elusive. No matter how well-laid your plans, some new crisis might be lurking around the corner, waiting to upend your life. While it’s never been more clear how much. Sean Pyles is a writer at NerdWallet.

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Account Recovery

OCTOBER 14, 2020

AUSTIN, TEXAS, UNITED STATES, October 13, 2020 — Gregory M. Friedman has joined Barron & Newburger as an attorney in the firm’s Austin office. Gregory will work both with the firm’s Consumer Financial Services Law Group, and with its Bankruptcy and Reorganization Practice Group. In both areas, Mr. Friedman will advise businesses on appropriate resolutions … The post Gregory Friedman Joins Barron & Newburger appeared first on AccountsRecovery.net.

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Bankruptcy Financial services 246

Jimerson Firm

OCTOBER 14, 2020

Before a property owner can make improvements over $2,500 to their property, Florida law requires the owner (or authorized agent) to record a Notice of Commencement in the public records where the project is located. A Notice of Commencement signals the beginning of a construction project, and provides protection to the owner, contractors, and suppliers.

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Construction Law Firms Banks 98

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Consumer Finance

OCTOBER 12, 2020

The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.

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Repossession Loans Collections 98

Nerd Wallet

OCTOBER 14, 2020

Due to the coronavirus pandemic, more people are working remotely than ever before. However, working remotely while living through various stages of stay-at-home orders has caused many to reconsider their living arrangements, sometimes leading to an exit from big-city living to a new location in search of more space, better weather or greater access to.

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Account Recovery

OCTOBER 13, 2020

A District Court judge in New York has granted a defendant’s motion to dismiss after it was sued for allegedly violating the Fair Debt Collection Practices Act because of an alleged contradiction between a statement on the front of a collection letter about obtaining more information about a debt and the validation notice disclosure that … The post Judge Grants MTD in FDCPA Case Over Alleged ‘Contradiction’ in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collections 246

PDC Flow

OCTOBER 13, 2020

Employee professional development is an important – and valuable – part of running a business. At PDCflow, we take pride in growing our team and Marketing & Sales Manager Dawn Updike is proof that doing so is worth the investment. In her ten years with the company, she has held many positions and her list of accomplishments continues to grow. Who is PDCflow?

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Credit Unions Credit Unions Healthcare Collections 97

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

Consumer Finance

OCTOBER 14, 2020

On October 15, 2020, the Consumer Financial Protection Bureau filed a proposed stipulated final judgment and order to settle its lawsuit against Encore Capital Group, Inc., and its subsidiaries.

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Credit Management Debt collector Judgment Collections 96

Nerd Wallet

OCTOBER 14, 2020

Would you rather have two $50 bills or one $100 bill? If you answered “it doesn’t really matter,” then you’re well on your way to understanding the immediate impact of reverse stock splits. Here’s a quick rundown of what reverse splits are and what they could mean for your portfolio. What is a reverse stock. Chris Davis is a writer at NerdWallet. Email: cdavis@nerdwallet.com.

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Account Recovery

OCTOBER 16, 2020

Maybe there is something to the theory that people are far more productive when working from home than they ever were sitting inside an office. That might be one explanation why, and I say this completely with my tongue in my cheek, the number of public enforcement actions taken during the third quarter of 2020 … The post CFPB Enforcement Actions Spike in 3Q appeared first on AccountsRecovery.net.

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Better Credit Blog

OCTOBER 16, 2020

Have a collections entry from Asset Acceptance LLC on your credit report? If Asset Acceptance is on your credit report, it’s probably because you forgot about a bill. It’s important to deal with a collections agency like Asset Acceptance quickly. The longer you ignore their calls and letters, the more damage your credit could face. Fortunately, getting a collection entry off your report and putting a stop to the debt collector’s calls is simple and straightforward.

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Debt collector Collection Agencies Collections Agency Credit Card Debt 94

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

True Accord

OCTOBER 15, 2020

For this edition of The Digest, we’re taking stock of what we’ve learned so far from the economic impacts of COVID-19, its implications for collections and emerging fintech trends. Here are some headlines that caught our attention: What to keep an eye on: The New York Times recently published a fascinating data visualization report that shows that the number of job losses that are permanent is increasing, providing “a view of the dynamics shifting beneath the surface…of potentially lasting

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Creditors Collections 84

Nerd Wallet

OCTOBER 13, 2020

If you’re feeling cabin fever lately but still aren’t ready to jump on an airplane, you might be inclined to opt for an RV road trip this fall or winter. In a lot of ways, recreational vehicles mitigate a number of travel risks, like potentially sitting for hours in a metal tube near a sick. Sally French is a writer at NerdWallet. Email: sfrench@nerdwallet.com.

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Account Recovery

OCTOBER 12, 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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Public Citizen

OCTOBER 13, 2020

Here's the announcement: In its seventeenth year, the Janet D. Steiger Fellowship Project offers paid summer clerkships for law students to work on consumer protection issues in the offices of State Attorneys General across the country. The Janet D. Steiger Fellowship Project provides law students the extraordinary opportunity to work in the consumer protection departments of state and territorial Offices of Attorneys General and other consumer protection agencies, including the National Ass

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