Sat.Sep 24, 2022 - Fri.Sep 30, 2022

How to Cultivate Better Relationships with Debtors

Credit Management Company

When individuals or businesses fall behind in payments, the situation often results in frustration and a breakdown in communication for both the debtor and the creditor.

Being proactive in tackling debts 

Roths Child Law

Being in debt can feel very overwhelming. It is not uncommon for individuals in this situation to bury their heads in the sand and hope it all goes away. Unfortunately, debts generally don’t just disappear. In fact, the longer they remain unaddressed, the worse they usually become. .

Q&A: Code-Based Compliance for Collections

True Accord

Just as technology has evolved leaps and bounds, so have consumer communication preferences, especially when it comes to debt collection.

New SDNY Decision on Administrative Priority for Executory Contracts

PBWT

To encourage parties to transact with debtors in bankruptcy, the Bankruptcy Code in corporate bankruptcies provides highest priority to “administrative expenses,” which include “the actual, necessary costs and expenses of preserving the estate.” ” 11 U.S.C. §

Successful Change Management with Enterprise Risk Management

Speaker: William Hord, Vice President of ERM Services

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Collector Facing Class Action for Allegedly Shortening Validation Period

Account Recovery

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.

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More Trending

Client Alert: October 14 Deadline: Medicare Part D Notice of Creditable (or Non-Creditable) Coverage

Fraser

Medicare Part D notices (of either creditable or non-creditable coverage) are due for distribution prior to October 15th. .

Airbnb Hosts Are Sick of Airbnb, Too

Nerd Wallet

Disgruntled Airbnb guests are taking to Twitter and TikTok to vent about everything from cleaning fees to misleading listings. But they aren’t the only ones with complaints: Airbnb hosts themselves have become increasingly disillusioned with the platform and its disrespectful guests.

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House Resolution Calls for Ban on Sale of Utility Debts, Restrictions on Credit Reporting

Account Recovery

Use Pay by Text (and More!) to Engage and Delight Customers

PDC Flow

Consumer preferences have changed. Most people want the fastest, easiest way to interact with your company – that means paper statements and telephone calls shouldn’t be your only way to engage with customers.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

Consumer Finance

The online lender allegedly required customers to pay hefty fees to access loans and often refused to cancel memberships. Press release

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Home Prices Might Drop but Won’t Crash: What Buyers Should Know

Nerd Wallet

Some would-be home buyers are rooting for a full-on housing market crash because prices have zoomed so far past the point of affordability. Please “crash faster so I might be able to own my own place one day,” a Twitter user pleaded.

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Not Reading Collection Letter Leads Judge to Remand FDCPA Case Back to State Court

Account Recovery

Patchwork of Compliance Regulations

True Accord

Anyone working in the collections space should be familiar with the federal Fair Debt Collection Practices Act (“FDCPA”) and its regulation, Regulation F; but did you know that there are multiple debt collection laws and regulations at the state and local level too?

Mandatory COVID Vaccination Policy Template

The federal government is developing a rule requiring employers with more than 100 employees ensure their workers are vaccinated or produce a negative COVID test weekly before entering the workplace. So, what can your organization do to prepare? Get Paycor’s COVID Vaccination Policy Template to help communicate important details to your employees.

CFPB Supervisory Examinations Find Violations of Federal Law by Student Loan Servicers and University-Owned Lenders

Consumer Finance

Blanket withholding of academic transcripts to pressure borrowers to pay cited as unlawful. Press release Student loans Supervision

3 Common Types of Life Insurance Fraud — and How to Stay Savvy

Nerd Wallet

Fraud is a persistent problem for the insurance industry, and it’s one we all pay for. The Coalition Against Insurance Fraud estimates it costs insurers $308.6 billion a year industrywide, leaving customers to recoup the losses with higher rates. People commit life insurance fraud to the tune of $74.7

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ProVest Introduces a Compliance Solution

Account Recovery

TAMPA, Fla. 26, 2022 – ProVest, an industry leader in serving legal process,announced a new compliance solution for its clients. Clients can now follow each audit step taken on every job in the ProVest QA PDF document.

What to Do If Your Tenant Is Bankrupt

PBWT

On September 15, President Biden announced a tentative deal with unions representing tens of thousands of railroad workers that helped narrowly avoid a strike that threatened to devastate the country’s delicate supply chains that have been strained since the beginning of the pandemic.

Debt Collection Experts called up as advisers for top TV soap

UK debt collections

A leading Debt Collection Agency in the UK has been enlisted by the world’s longest running television soap to assist them with script writing for storylines. Coronation Street is watched by millions of television viewers every week in the UK and attracts a worldwide audience also.

5 Ways Small Businesses Can Offset High Gas Prices

Nerd Wallet

Gas inflation has broken records at a dizzying pace: In June 2022, the national average gas price hit a high of more than $5 per gallon, according to data from the U.S. Energy Information Administration.

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Article Details Collection Efforts of Nonprofit Hospital From Individuals Eligible for Charity Care

Account Recovery

A nonprofit healthcare system that is already being sued by the Attorney General of Washington for its debt collection practices has now been spotlighted by The New York Times for the “pressure” it put on patients to pay their debts, even though they may have been eligible for charity care.

Protect Your Business with These B2B Contract Terms

Enterprise Recovery

When selling your goods and services to another business, it's wise for both parties to sign a legally-binding agreement. This agreement will set expectations for both parties as well as provide proof of the arrangement if one of the parties doesn't come through.

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Federal Reserve Expects Unemployment to Rise

NACM

​The Federal Reserve ramped up its fight against inflation last week with a 0.75% rate hike and hinted to more interest rate increases in the future. The Central Bank expects a jump in unemployment as a result.

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Own a Kia or Hyundai? Here’s Why Your Insurance Rates Could Go Up

Nerd Wallet

Thieves inspired by social media are stealing certain models of Kias and Hyundais with little more than a phone-charging cable. The trend started in Milwaukee before spreading to cities nationwide. It has led to multiple lawsuits filed against the carmakers.

FCC Starts Rulemaking Process to Block Unwanted Text Messages

Account Recovery

The Federal Communications Commission yesterday announced a Notice of Proposed Rulemaking that seeks to crack down on illegal and fraudulent text messages, finally taking action more than a year after initially announcing the proposal.

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Article on #Fintok and FinReg

Public Citizen

Nikita Aggarwal of UCLA, D. Bondy Valdovinos Kaye of the University of Leeds, and Christopher K. Odinet of Iowa have written #Fintok and Financial Regulation, forthcoming in the Arizona State Law Journal. Here's the abstract: Social media platforms are becoming an increasingly important site for consumer finance. This phenomenon is referred to as “FinTok,” a reference to the “#fintok” hashtag that identifies financial content on TikTok, a popular social media platform.

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How Does Bankruptcy Affect Your Job and Future Credit? 

Sawin & Shea

The stress leading up to a declaration of bankruptcy can be intense. You worry about creditors and wonder if you will be able to stay in your home and keep your car. You may also worry that your bankruptcy will become public knowledge and affect other aspects of your life.

Medicare Part B 2023 Premiums Dip, Bucking Inflation Trends

Nerd Wallet

While inflation is pushing up prices for almost everything else, Medicare is about to be less expensive. Medicare Part B premiums will go down for 2023, according to an announcement Tuesday by the Centers for Medicare & Medicaid Services, or CMS.

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Daily Digest – September 28. Judge Grants MTD in FDCPA Case Over Attorney References in Letter; FCC Starts Rulemaking Process to Block Unwanted Texts

Account Recovery

JUDGE GRANTS MTD IN FDCPA CASE OVER REFERENCES TO ATTORNEY REVIEW IN LETTER Making references to an attorney potentially reviewing an account to determine whether to pursue legal action does not overshadow the validation notice, when worded properly, a District Court judge ruled.

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