Roths Child Law
MARCH 17, 2022
You can’t pay your debts, and you know bankruptcy can help you get out of a difficult situation. Yet sometimes quick fixes come with long-term consequences that make your regret your initial decision. Does this apply to bankruptcy? Will you be walking around with your financial record hung around your neck forever after? Will people treat you as an outcast and close their doors in your face when they see you coming?
Nerd Wallet
MARCH 14, 2022
In a given year, you likely have expenses that you know are coming — holiday gifts, the family vacation you take every summer, annual homeowners association fees or maybe membership renewals. But just because these costs are predictable doesn’t mean you’re always prepared. If you are pulling from your emergency fund or using a credit. Amanda Barroso writes for NerdWallet.
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Account Recovery
MARCH 18, 2022
The three major credit reporting agencies announced today that they are making changes to how medical debts are reported, leading to the removal of nearly 70% of medical debt tradlines from consumers’ credit reports. Starting July 1, any paid medical collection debt will no longer appear on a consumer’s credit report. As well, the credit … The post Credit Reporting Agencies Announce Changes to Medical Debt Credit Reporting appeared first on AccountsRecovery.net.
Consumer Finance
MARCH 15, 2022
Today the Consumer Financial Protection Bureau (CFPB) announced changes to its supervisory operations to better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.
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.
Fico Collections
MARCH 18, 2022
As a result of the attack on Ukraine, FICO is exiting all work in Russia. Consistent with directives by governments around the world, we are actively unwinding our business relationships in Russia and will not be pursuing new business in Russia. To support the humanitarian efforts underway, the FICO Cares team in EMEA has made a donation to the British Red Cross and FICO is making a donation to the American Red Cross.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Account Recovery
MARCH 16, 2022
The Consumer Financial Protection Bureau has issued a rule that will make it easier for engaging in enforcement actions via administrative proceedings — similar to how the Federal Trade Commission operates — rather than having to pursue enforcement actions in federal court, according to a published report. The change also expands the opportunities for entities … The post CFPB Issues Rule Changing Enforcement Proceedings appeared first on AccountsRecovery.net.
Jimerson Firm
MARCH 17, 2022
What happens when a proposed revitalization of covenants, restrictions, and other governing documents under the Marketable Record Title Act (MRTA) is denied by the Department of Economic Opportunity (DEO)? While MRTA revitalization may appear to be a relatively straightforward process, as outlined within Chapter 712 Fla. Statutes, approval of the revitalization by the DEO is not guaranteed, owing to the steady changes in DEO internal rules and processes.
Sawin & Shea
MARCH 15, 2022
Filing for bankruptcy is an important step for many individuals looking to overcome debts. Many people considering this option wonder what will happen to their investment real estate if they file. Your investment real estate’s outcome depends entirely on whether you file for Chapter 7 or Chapter 13 bankruptcy. Investment Real Estate in Chapter 7 Bankruptcy.
Nerd Wallet
MARCH 16, 2022
Can you pay taxes with a credit card? Yes — and with the right strategy, it can be a particularly lucrative decision for points and miles enthusiasts. Paying a giant tax bill likely doesn’t incite warm, fuzzy feelings. But if you make the most of it, you at least might be able to cozy up. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.
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Account Recovery
MARCH 16, 2022
During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers. This is merely meant … The post 26 Companies Seeking Collection Talent appeared first on AccountsRecovery.net.
FFGN COLLECT NY
MARCH 15, 2022
It’s important you verify the information contained in a debt collection affidavit before you sign it. An affidavit is sworn testimony used to support your debt collection case. As with any signed document, you are “charged” with having read it and if it’s untrue, you run the risk of perjury and more. Such is the case again with Chase. In 2015, the Federal Trade Commission came down on Chase for robo-signing affidavits.
UK debt collections
MARCH 17, 2022
Insolvency figures released this week by the Insolvency service for February 2022 showed corporate insolvencies more than doubled compared to the same month last year (1515 in February 2022 and 685 in February 2021). They were 13% higher than the number registered two years previously (pre-pandemic; 1346 in February 2020). In February 2022 there were 1,329 Creditors’ Voluntary Liquidations (CVLs), more than double the number in February 2021, and 40% higher than in February 2020.
Nerd Wallet
MARCH 17, 2022
Taking care of an older parent, a child with disabilities or a loved one with a chronic disease can affect your emotional, mental and financial health. And this type of informal caregiving is a daily reality for about 48 million people in the U.S., according to AARP. Many caregivers say they’ve had to make sacrifices, Elizabeth Ayoola writes for NerdWallet.
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Account Recovery
MARCH 15, 2022
In a case that was defended by Rick Perr and Monica Littman of Kaufman Dolowich & Voluck, a District Court judge in New York has granted a defendant’s motion for summary judgment in a class-action Fair Debt Collection Practices Act case, ruling the plaintiff lacked standing to sue because he did not suffer a concrete … The post Judge Grants Summary Judgment for Defendant in FDCPA Case Over Multiple Addresses on Payment Coupon appeared first on AccountsRecovery.net.
Public Citizen
MARCH 12, 2022
by Jeff Sovern. Earlier this week, the Senate Banking Committee held a hearing on consumer arbitration clauses. The consumer side was ably represented by Paul Bland, Myriam Gilles, and Remington Gregg. I want to say something about the arguments put forth at the hearing by Senator Toomey and Professor Todd Zywicki. Professor Toomey argued that regulation of arbitration would undermine freedom of contract.
UK debt collections
MARCH 16, 2022
It will come as no shock that the main objective of any business is to make more money than it loses. Staying in the black is essential for the longevity of business but there are times when debt can be the best option. Businesses using debt as a means to acquire additional assets is nothing new yet recent data revealed that 52% of UK businesses are now being crippled by toxic debts.
Nerd Wallet
MARCH 18, 2022
Some bad habits affect our physical health, like smoking, nail biting or eating too much junk food. But others take a toll on our financial health. How do you know if you have unhealthy financial habits, and what can you do to build better ones? Take these three steps. 1. Dig into your relationship with. Lauren Schwahn writes for NerdWallet. Email: lschwahn@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?
Account Recovery
MARCH 14, 2022
A pair of lawsuits that have been filed against different collection agencies highlights an interesting trend that has occurred in a number of cases involving alleged violations of Regulation F — specifically situations where a plaintiff’s claims relate to incidents or events that took place before November 30, 2021, when the rule went into effect. … The post Plaintiff Files Reg F, FDCPA Lawsuits Alleging Violations of Rule Months Before it Went Into Effect appeared first on Ac
Prosperity Now
MARCH 13, 2022
With tax season well underway, VITA organizations across the country are working to increase the number of filers, continue their
UK debt collections
MARCH 15, 2022
More than 1.5m worth of unpaid debt by way of unpaid rent arrears is being written off. Bristol City Councillors agreed that its staff should ‘give up’ in trying to recover the unpaid debts which are three years old or more. A total of 3,446 debts have been amassed with an average debt value of £446. The Council refused to turn to Debt Collection Agencies for help despite incurring heavy losses as a result.
Nerd Wallet
MARCH 16, 2022
Even with federal student loans in forbearance and talk shifting to prospects for forgiveness, student loan interest rates still matter — and nothing underlines that point better than the likelihood they’ll soon increase. Private student loan borrowers, whose payments aren’t suspended and who won’t benefit from any federal cancellation, may be wondering if now is.
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
MARCH 18, 2022
A bill that would ban forced arbitration clauses in employment, consumer, civil rights, and antitrust cases passed the House of Representatives yesterday and is now headed to the Senate for its consideration. The bill, H.R. 963, the Forced Arbitration Injustice Repeal Act of 2022, or FAIR Act, passed by a vote of 222-209. This is … The post Bill Banning Arbitration Clauses Passes House appeared first on AccountsRecovery.net.
Troutman Sanders
MARCH 18, 2022
On March 8, the U.S. Federal Reserve Banks launched the FedNow Service Provider Showcase (Showcase) to show financial institutions and users the various services to assist them in implementing the FedNow Service (Service). The FedNow Service is an instant payment service to provide all depository institutions in the United States with access to instant payment services in near real time every day of the year, including weekends and holidays.
On Guard
MARCH 18, 2022
Reducing risk in the order-to-cash process. When the coronavirus pandemic began, the initial response from CEOs and CFOs was one all about survival. The focus was on freeing up cash and resources just to stay in business. The consequent liquidity crisis caused huge disruption to economic activities with many businesses rushing towards cash just to keep operating.
Nerd Wallet
MARCH 17, 2022
Lodging during your vacations or business trips doesn’t necessarily have to be a standard hotel, bed and breakfast or campground. These days, more and more travelers are staying at someone’s house, coordinated through home rental sites like Airbnb. Renting a vacation home via Airbnb can sometimes be the cheapest option. What’s more, on Airbnb you’ll.
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