Sat.Jan 25, 2020 - Fri.Jan 31, 2020

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How the New FICO Credit Scoring System Will Affect You

Debt

The announcement that FICO will put two new credit scoring models – FICO 10 and FICO 10T – into play this summer is the ultimate good news/bad news situation for consumers. The good news is that if you have a score anywhere above 680 – and continue to make on-time payments and use 30% or […]. The post How the New FICO Credit Scoring System Will Affect You appeared first on Debt.org.

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Keeping Your Student Loan Out of Default

Debt Guru

Higher education is a noble pursuit. Unfortunately, in the US, it’s also a pricey one. In fact, The Institute for College Access & Success reported that 65 percent of 2017 grads carry student debt – at an average of $29,200. That’s no small chunk of change, especially for those new to the workforce. It’s no wonder, then, that defaulting on student debt has become rampant.

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Bureau Sheds Light on its Abusive Acts or Practices Standard in New Statement of Policy

Consumer Financial Services Law

The CFPB has issued a Statement of Policy which seeks to “convey and foster greater certainty above the meaning of abusiveness” and provide a framework for its exercise of supervisory and enforcement authority as to abusive acts or practices. Under Dodd Frank, the CFPB has supervisory and enforcement authority over abusive acts or practices in connection with consumer financial products or services.

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Settle Down: Build a Rate Sheet to Capture More Revenue

NCBA Law Practice Management Blog

The majority of business owners have a very difficult time price setting. However, much of that effort (meant to define the value for what a professional does ) is most often undone by those same professionals. This is especially true of lawyers, who don’t like to talk with clients about money, and are more than willing to discount their services at the slightest provocation.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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UCCS 2020 Invites Utility Collection Professionals

Optio Solutions

With debt collections being a continuum of evolution, utility collection professionals need to learn about the latest collection tools and strategies to maximize their collection efforts. The Utilities Credit and Collections Symposium invites utility company vice presidents, directors, managers, supervisors, analysts and other industry professionals to attend their event.

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Deepening Circuit Split, Third Circuit Holds that Items Seized Pre-Petition Did Not Violate Automatic Stay

Consumer Financial Services Law

The Third Circuit has recently held in In re Denby-Peterson , 941 F.3d 115 (3rd Cir. 2019) that creditors who refuse to relinquish an item that was seized pre-petition are not subject to sanctions because their refusal does not violate 11 U.S.C. § 362’s automatic stay. The case further deepens a circuit split on the issue. The Facts As the Third Circuit explained, “the center of this bankruptcy appeal is “‘America’s first sports car’: The Chevrolet Corvette.