Jimerson Firm

DECEMBER 30, 2020

In the event a borrower is seriously delinquent on making payments under a SBA loan, or the SBA loan is classified in liquidation status, lenders and CDCs must develop a prudent and commercially reasonable strategy to maximize their recovery on the loan. Before liquidating any collateral or incurring costs of litigation, Lenders and CDCs should make a good faith effort to first negotiate a “workout agreement” with the borrower.

Loans 98

Loans Collateral Lender Foreclosure 98

Account Recovery

DECEMBER 31, 2020

To help summarize, encapsulate, and put a period on 2020, AccountsRecovery.net reached out to a number of industry veterans and asked them what they will remember most about 2020. Here is what they said: Matt Kiefer, Preferred Group of Tampa I will remember how a country disrupted a world economy by withholding and distorting information … The post What The ARM Industry Will Remember About 2020 appeared first on AccountsRecovery.net.

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Payment Savvy

DECEMBER 30, 2020

Finding the right business payment solution can be challenging! There are many business payment solutions available today. Many of these options are tailored to a specific niche because of the diverse payment preferences influenced by age groups, types of businesses, and technologies. With these different options, it can be challenging to choose the right payment processing solution for your business.

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Nexa Collect

DECEMBER 26, 2020

The five key principles of lean management are value, the value stream, flow, pull, and perfection. Some of these words may sound like instructions from a workout instructor but the only thing they have in common with physical effort is the workout part of it. Implementing leaner processes requires assiduous analysis and execution that continually asks “why?

Education 130

Education Construction Government 130

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.

Nerd Wallet

DECEMBER 31, 2020

Decluttering your wallet can give you a quick sense of accomplishment in the new year. You can check a task off your list and feel more organized and safer. A lost or stolen wallet holding too much personal and financial information puts you at risk of identity theft and fraud. Experts don’t always agree on. Bev O'Shea writes for NerdWallet. Email: boshea@nerdwallet.com.

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Credit Corp

DECEMBER 28, 2020

As of December 27, 2019, the IRS had received a whopping 155,798,000 tax returns during the year. A bit over 138 million of those were filed electronically, with almost 60 million electronic tax returns filed by individuals handling their own taxes. Whether you intend to be a self-preparer in 2021 or not, it’s a good idea to prepare for tax season sooner rather than later.

Banks 106

Banks Education 106

Nexa Collect

DECEMBER 27, 2020

Unpaid traffic and parking violation tickets can cause a huge drag on the finances of cities and counties. It is a common practice for police and regional transport authorities to hire a collection agency to recover these unpaid debts. Need a Collection Agency for Unpaid Tickets? Contact Us for a free consultation – Serving Nationwide. Courts and law enforcement agencies charge the original fine plus late penalties once an account is forwarded to collections.

Collection Agencies 130

Collection Agencies Collections Agency Collections Debtor 130

Roths Child Law

DECEMBER 30, 2020

Home equity loans are generally referred to as second mortgages. If you are struggling to make payments on a second mortgage, it may be possible to file bankruptcy in an effort to have the debt discharged. Let's take a look at the process of filing for protection from creditors in Tennessee. What type of bankruptcy protection should you seek? In a Chapter 7 case, nonexempt property is sold in an effort to raise money to pay off your creditors.

Bankruptcy 97

Bankruptcy Creditors Loans 97

Account Recovery

DECEMBER 30, 2020

NINTH CIRCUIT AFFIRMS RULING FOR CFPB IN SEILA LAW CASE In a battle that has been to the Supreme Court and back, the Court of Appeals for the Ninth Circuit yesterday reaffirmed a District Court ruling that grants a petition from the Consumer Financial Protection Bureau seeking to enforce a civil investigative demand letter that … The post Daily Digest – December 30.

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Credit Corp

DECEMBER 29, 2020

Opening a business is a major undertaking regardless of industry. Whether it’s your first business or your one-hundred-and-first, it’s a big deal. That’s why it’s important you remember to dot your i’s and cross your t’s before launching your business to the public—especially when it comes to your credit card processing. If you own a small business in this day and age, you will need a way to process payments in person and online.

Banks 98

Banks Retail Loans Financial services 98

Consumer Finance

DECEMBER 29, 2020

On December 30, 2020, the Consumer Financial Protection Bureau issued a compliance assistance sandbox approval order to PayActiv regarding specific aspects of some of its earned wage access products.

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Better Credit Blog

DECEMBER 31, 2020

Have a hard inquiry on your credit report from Comenity Bank/VCTRSSEC? If so, you may be wondering how it got there and what it means for your credit score. A hard inquiry is simply a way for a lender to check your credit reports before approving your application. While VCTRSSEC might sound unfamiliar, it represents a popular retailer: Victoria’s Secret.

Banks 89

Banks Retail Lender Repossession 89

Account Recovery

DECEMBER 30, 2020

A District Court judge in Wisconsin has certified a class in a case against a collection agency accused of violating the Fair Debt Collection Practices Act by saying it “may” commence a civil action if the debt was not paid even though it had no intention of doing so. A copy of the ruling in … The post Judge Grants Certification in FDCPA Class Action Over Reference to ‘Civil Action’ in Letter appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collection Agencies Collections Agency Collections 246

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Nerd Wallet

DECEMBER 30, 2020

Rewards cards aren’t just for consumers anymore. Small business owners can get in on the fun and earn a cheap flight here or a free hotel stay there. However, with so many credit card options, picking the right one can be daunting. The United? Business Card from Chase is designed for the business owner looking. Anya Kartashova writes for NerdWallet.

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Public Citizen

DECEMBER 31, 2020

Claudia Polsky of Berkeley and Megan Schwarzman of Berkeley's School of Public Health have written The Hidden Success of a Conspicuous Law: Proposition 65 and the Reduction of Toxic Chemical Exposures, 47 Ecology Law Quarterly, (Forthcoming 2021). Here is the abstract: Newcomers to California could be forgiven for thinking they have crossed into treacherous terrain.

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Consumer Finance

DECEMBER 29, 2020

On December 30, 2020, the Consumer Financial Protection Bureau issued a compliance assistance sandbox approval order to Synchrony regarding their proposal to develop a “dual-feature credit card.”.

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Account Recovery

DECEMBER 28, 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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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

Nerd Wallet

JANUARY 1, 2021

The Ink Business Cash® Credit Card may be less popular than some of the other Chase Ultimate Rewards® cards, but a savvy small-business owner can still rack up major rewards by taking full advantage of this card’s benefits — especially considering there is no annual fee. For some of these perks, it’s important to understand. Alex Cramer writes for NerdWallet.

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The Kaplan Group

DECEMBER 27, 2020

Most people think that the acronyms and terms they know are common knowledge. But the truth is that every field has its jargon and acronyms. Collections is no different. Whether you’re talking to your accounts receivable department, or hiring a collection agency, you are likely to hear a lot of terms you don’t know. You should never be embarrassed to ask people to define terms, but here are ten common collection acronyms to get you started. 1.

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Collections Collection Agencies Collections Agency Fair Debt Collection 59

Better Credit Blog

DECEMBER 31, 2020

Has a recent entry from CITGO/SYNCB brought down your credit score? If it is appearing on your credit report, it’s probably a hard inquiry. This type of inquiry gets added to your report whenever you apply for a credit card, line of credit, or loan. CITGO/SYNCB represents the CITGO credit card issued by Synchrony Bank. Whether you’re unsure of how hard inquiries work or don’t know how CITGO wound up on your credit report, the guide below is for you.

Lender 52

Lender Loans Repossession Foreclosure 52

Account Recovery

DECEMBER 31, 2020

FCC ISSUES ORDERS LIMITING NON-TELEMARKETING CALLS AND REQUIRING OPT-OUTS The Federal Communications Commission yesterday issued two orders, one of which restricts the number of non-telemarketing calls that can be made by non-commercial, commercial, and tax-exempt nonprofit organizations under the Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence (TRACED) Act.

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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

Nerd Wallet

DECEMBER 29, 2020

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card earns you unlimited points on purchases you make for your business. Flexible redemption options make it easy to use points for travel without blackout dates or other restrictions. If you’re wondering if the Bank of America® Business Advantage Travel Rewards World Mastercard® credit.

Banks 79

Banks 79

Troutman Sanders

DECEMBER 31, 2020

On remand from the United States Supreme Court, the United States Court of Appeals for the Ninth Circuit, in Consumer Fin. Prot. Bureau v. Seila Law LLC , reaffirmed a District Court grant of a petition by the Consumer Financial Protection Bureau, Petitioner-Appellee, to enforce a civil investigatory demand issued to Seila Law LLC, Respondent-Appellant, requiring the production of documents and interrogatory answers.

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Judgment 52

Better Credit Blog

DECEMBER 31, 2020

Did a hard inquiry from THD/CBNA bring down your credit score? THD/CBNA represents the Home Depot card from Citibank. Whenever you apply for a retail credit card, it can lower your credit score by a few points and result in a new entry being added to your report. In most cases, that’s nothing to worry about. However, if you’ve never applied for a Home Depot card, it shouldn’t be on your report.

Retail 52

Retail Lender Loans Repossession 52

Account Recovery

DECEMBER 28, 2020

The number of complaints alleging violations of Section 227 of the Telephone Consumer Protection Act continued their marked decline during the first 11 months of 2020 and were on pace to fall for the third consecutive year, according to data released last week by the Federal Communications Commission. The data was released as part of … The post Robocall Complaints Continue Decline: FCC appeared first on AccountsRecovery.net.

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