Account Recovery
OCTOBER 15, 2021
JUDGE DENIES DEFENDANT’S MOTION FOR FEES AND COSTS IN FDCPA CASE A District Court judge in Wisconsin has denied a defendant’s motion for fees and costs in a Fair Debt Collection Practices Act case, even though it won a summary judgment ruling and the plaintiff admitted owing the debt, not writing the dispute letters himself, … The post Daily Digest – October 15.
Nerd Wallet
OCTOBER 12, 2021
The idea of gaining wealth in flashy ways isn’t new. After all, Charles Ponzi, for whom Ponzi schemes were named, defrauded investors more than 100 years ago with a get-rich-quick scheme built on a foundation of lies. Today, speculative investments, multilevel marketing companies and other risky efforts to turn a profit still lay seductive traps. Sara Rathner writes for NerdWallet.
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UK debt collections
OCTOBER 14, 2021
The financial impacts from COVID is forcing many SME’s into bankruptcy. One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. . As the instrumental player in the UK’s economy, SME’s turnover turnover is estimated at £2.2trillion annually. Tackling the issue of late payments is critical in enabling small businesses to reach their maximum potential.
Prosperity Now
OCTOBER 15, 2021
This October, the fourth installment of the monthly Child Tax Credit (CTC) payments will be reaching millions of families.
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 13, 2021
The former owner of a collection agency pleaded guilty yesterday to one count of making payments to support the former Circuit Court Clerk of Cook County, Illinois, while the company he ran entered into a deferred prosecution agreement and will pay a $225,000 fine. Donald Donagher, who ran Penn Credit Corp., will be sentenced on … The post Ex-Collection Agency CEO Pleads Guilty in Pay-to-Play Scandal appeared first on AccountsRecovery.net.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
FFGN COLLECT NY
OCTOBER 14, 2021
Credit card processors often offer loans to businesses that accept credit cards. While these loans may have seemingly inviting agreements, there are some terms that offer the credit card processor speedier debt collection relief against you. Here are a few things you may want to consider before agreeing to the terms of the loan. Default. With most loans, failure to pay as required by the underlying agreement or failure to maintain a minimum balance constitutes a default in the loan agreement.
Credit Corp
OCTOBER 11, 2021
According to a study from Tessian , the vast majority of people who share things online put their identities at risk. People know not to share information such as their Social Security number on social media, but did you know you could be giving up sensitive information without realizing it? For example, the Tessian study noted that 72% of people mention birthday celebrations, giving hackers insight into when their date of birth is.
Account Recovery
OCTOBER 13, 2021
The amount of unpaid utility debts in the United States is expected to hit $24.3 billion by the end of this year, up from $9.8 billion at the end of July, according to data released by the National Energy Assistance Directors’ Association, which is causing problems for millions of Americans who are facing debt collectors … The post Higher Utility Bills and More Shutoffs Causing Problems for Consumers appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 14, 2021
Journalist Kelly Rissman of New York City had advertised some furniture online with not so much as a nibble when “Jaree” sent a message via the OfferUp resale app asking if it was still available. Jaree asked for Rissman’s phone number, then texted to say she would send a code that Rissman could text back. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.
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Public Citizen
OCTOBER 14, 2021
by Paul Alan Levy. This past week I had the pleasure of representing Dan McCall again — author of such wicked parodies as NSA – the Only Part of Government That Actually Listens (we got to sue the NSA for a declaratory judgment of noninfringement); Ready for Oligarchy (over which we came with hours of filing suit against Hillary Clinton’s exploratory committee); and Bernie Is My Comrade (Sanders’ committee had the smarts to retract quickly ). Last week, I sent a response to a demand lette
PDC Flow
OCTOBER 12, 2021
The implementation date for the CFPB’s Regulation F is coming. On November 30, 2021, debt collectors are expected to be fully ready to comply with this long-awaited rule. To help agencies prepare, PDCflow and financial services attorneys Joann Needleman and Leslie Bender of Clark Hill Law, recently put on a one-hour webinar, “ Regulation F Implementation Challenges: Ask the Regulatory and Compliance Experts ,” addressing the concerns and implementation struggles submitted by webinar attendees.
Account Recovery
OCTOBER 13, 2021
EX-COLLECTION AGENCY CEO PLEADS GUILTY IN PAY-TO-PLAY SCANDAL The former owner of a collection agency pleaded guilty yesterday to one count of making payments to support the former Circuit Court Clerk of Cook County, Illinois, while the company he ran entered into a deferred prosecution agreement and will pay a $225,000 fine. Donald Donagher, who … The post Daily Digest – October 13.
Nerd Wallet
OCTOBER 14, 2021
Like a house, car or other investment, your cryptocurrency can serve as collateral for crypto loans, which are loans that can have low interest rates, same-day funding and no credit check. The downside? If your crypto’s value falls, you may need to pledge more crypto. “That is going to be the main disadvantage of crypto,”. Chanell Alexander writes for NerdWallet.
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UK debt collections
OCTOBER 15, 2021
New figures released show that Small Business Debt Collection is needed more than ever. It has long been known that Late Payments threaten the well being of Small Businesses. New invoicing app players ‘Tomato Pay’ claim that 84% of Small Businesses are currently suffering from late payments. This is according to market research conducted on their behalf.
Consumer Finance
OCTOBER 12, 2021
The Consumer Financial Protection Bureau (CFPB) today announced leadership changes within the Bureau. The positions being announced today are: Deputy Director; Associate Director for Consumer Education & External Affairs; Chief of Staff; and Chief Technologist.
Account Recovery
OCTOBER 14, 2021
On his first full day on the job at the Consumer Financial Protection Bureau, former Acting Director Mick Mulvaney brought donuts with him, ostensibly for the protestors he expected to be there to oppose his appointment. Encountering none, Mulvaney ended up giving the donuts his new employees. There aren’t any reports of protestors or donuts … The post CFPB Announces Leadership Changes on Chopra’s First Day on the Job appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 14, 2021
Emergency preparedness experts recommend that you have a “go bag” and a “stay bin” for disasters: kits with supplies to help you survive a few days if you have to evacuate your home or shelter in place. Preparing your finances for natural disasters is also smart. Having cash on hand, access to credit and the. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.
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?
Credit Corp
OCTOBER 12, 2021
Effective control of all costs is one of the foundations of doing business. Any seasoned entrepreneur can attest to this, as well as the fact that spending habits are important regardless of the industry. People who don’t keep track of their budgets and cash flows easily make mistakes that cause serious consequences. That’s why the continuity of monitoring is very important, as well as the correctness of analytics.
Consumer Finance
OCTOBER 13, 2021
Today the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC) and North Carolina Department of Justice filed an amicus brief in support of the consumer plaintiffs in Henderson v. The Source for Public Data, L.P.
Account Recovery
OCTOBER 13, 2021
People are getting angrier and it is now beginning to have an impact on the people who all-too-often are the recipients of that rage — the workers and employees who deal with the general public — which includes collectors speaking to individuals with unpaid debts. The pandemic has upended much of our daily lives, and … The post Are the Days of ‘The Customer is Always Right’ Over?
Nerd Wallet
OCTOBER 15, 2021
Not sure how much to tip your hairstylist? We asked three etiquette experts, two salon professionals and a certified financial planner. Most of these experts suggest leaving 15% to 20%, depending on the service and your satisfaction. Going with 20% is nice for the stylist and you because that math is pretty simple. Nerdy Tip: Laura McMullen writes for NerdWallet.
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?
Credit Corp
OCTOBER 14, 2021
Graduating college can come with a lot of implications and responsibility, and those associated with your finances are certainly no exception. On top of the need to get your career off the ground, you should also think about how this impending career and salary will help you get your relationship with your personal finances in good shape, as well. Prior to college, you probably did not have any credit.
Debtor Daddy
OCTOBER 14, 2021
Debtor Daddy CEO Matt McFedries recently had the pleasure of chatting on the Talking Numbers podcast hosted by Paul Jansz from The Professional Partners Accounting Network. Located in Melbourne, each week Paul interviews all kinds of guests – experienced entrepreneurs, accountants and consultants – with the aim of giving accountants an inside edge on what makes a successful accountant tick.
Account Recovery
OCTOBER 12, 2021
The Financial Institution Division (FID) of Nevada’s Department of Business and Industry will be holding a virtual workshop on Tuesday, October 26 at 1pm ET to solicit comments from interested persons about regulations related to SB248, a new medical debt collection law that went into effect earlier this year. The FID has released a set … The post Nevada FID to Hold Workshop on Medical Collection Regs appeared first on AccountsRecovery.net.
Nerd Wallet
OCTOBER 13, 2021
When the COVID-19 pandemic hit last year, people were overwhelmed by the logistics of sudden and swift stay-at-home orders. Between school closures, supply shortages and new ways of working, there was little time for much else. As many adjusted their spending habits, they also took the time to think more critically about their finances —. Amanda Barroso writes for NerdWallet.
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