Mon.Jun 27, 2022

Daily Digest – June 27. Complaint Alleges Debt Parking Violation; Judge Grants MSJ For Defense in FDCPA Email Case

Account Recovery

COMPLAINT ALLEGES COLLECTOR VIOLATED REG F’S DEBT PARKING PROHIBITION A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November.

ARMs Are Trending, but They’re Not the Hack for Every Home Buyer

Nerd Wallet

Adjustable-rate mortgages suffered a tarnished reputation after the 2008 financial crisis. They faded away and lurked on the fringes of the mortgage market for years. But as home buyers grapple today with skyrocketing prices and interest rates, ARMs are making a comeback.


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Judge Grants MSJ for Defendant in FDCPA Case Over Email Sent to Represented Plaintiff

Account Recovery

A District Court judge in Illinois has granted a defendant’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that emails sent to the plaintiff by the defendant did not violate the statute.

Why a personal guaranty can make a big difference in collections

Collections Law

As a business owner, you probably already know the importance of a strong contract. This holds true whenever you provide your services or products to your commercial customers on credit. The terms of that contract become very important if your customer fails to pay.

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

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.

Chatbot Usage Growing in Financial Services

Account Recovery

We are less than a decade away from humans being unable to determine whether they are speaking with a human or a bot during webchat sessions, according to a published report.

More Trending

Compliance Digest – June 27

Account Recovery

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.


Investigating and Defending Identity Theft Claims Against Furnishers Under The Fair Credit Reporting Act

Burr Forman

Originally Published in the Quarterly Report of The Conference on Consumer Finance Law (June 2022). Introduction. The Fair Credit Reporting Act (FCRA) was enacted to promote the accuracy, fairness, and privacy of information maintained by Consumer Reporting Agencies (CRAs). [1]

Complaint Alleges Collector Violated Reg F’s Debt Parking Prohibition

Account Recovery

A lawsuit has been filed against a collection agency for violating the Fair Debt Collection Practices Act and the “debt parking” provisions of Regulation F — in what might be the first such lawsuit filed following the enactment of the debt collection rule last November.

Bridging the Gap Between Machine Learning and Human Behavior with HeartBeat

True Accord

When it comes to engaging consumers in debt collection, behavioral science helps us to understand and respond to an individual’s situation, motivations, and contact preferences. For example, we know that consumers don’t like being called by debt collectors.

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.

Council vows to step up Debt Recovery efforts

UK debt collections

Debt recovery efforts at Dorset Council are returning to normal following two years of a ‘light touch’ approach due to the pandemic.

Dear Debt, We’re Better Apart

Dear Debt

Hey debt fighters! It’s been a while but we’re back! If you’d like to write a dear debt letter, get in touch with me. Today’s dear debt letter is from… Related Posts: Dear Debt, This Won't Last. 13 Ways You Can Make Money. 10 Signs You Have a Toxic Relationship With Credit. 6 Clever Money-Saving Hacks to Reach Your Financial Goals. The post Dear Debt, We’re Better Apart appeared first on DEAR DEBT


Got a Savings Goal? Consider Forming a Savings Circle

Nerd Wallet

A breezy January morning made the mid-30 temperatures feel even chillier. But it was an important day for the young man pushing 30 himself. He was about to face his entire family to ask for a loan to seed his new business idea. He had contributed to the family’s savings circle, but he was asking.

Loans 56

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19.

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.

How to Find Hotels with EV Charging Stations

Nerd Wallet

As gas prices continue to climb and climate change worries grow, more drivers are turning to electric vehicles, or EVs. Battery-powered cars can be a solution for road trippers who want to reduce their carbon footprint and save money on fuel.


Build Winning Customer Experiences Without Tanking Efficiency

Fico Collections

Build Winning Customer Experiences Without Tanking Efficiency. Consumers spent hundreds of thousands, even millions, on banking and insurance products over the course of their lifetimes. How can you get them to spent it with you? Tue, 07/02/2019 - 02:45. by Bill Waid. expand_less Back To Top.

What Is a Fifth Freedom Flight?

Nerd Wallet

Ever heard of a fifth freedom flight? Perhaps you haven’t. That’s OK, but it’s important to know what fifth freedom flights are — and how to use them. Because these flights can offer you great flexibility when traveling, as well as a great way to redeem your points and miles. Learn more: The.


FTC Proposed Ground-Breaking Federal Regulation of Motor Vehicle Dealer Sales Practices

Troutman Sanders

The Federal Trade Commission (FTC) has proposed a new and historic federal regulation specific to car dealers to address concerns of consumer deception in the sales process.

How to Approach Buying Home Insurance for the First Time

Nerd Wallet

Buying your first home is an exciting yet daunting process. There are many steps to take before the keys are finally in your hands, and purchasing homeowners insurance is one of them. Here’s what you need to know to feel confident with your chosen policy.

FICO® Resilience Index Can Improve Card Account Management

Fico Collections

FICO® Resilience Index Can Improve Card Account Management. Pandemic Period Results Demonstrate Value of Borrower FICO ® Resilience Index Insights. by Brendan LaCounte. expand_less Back To Top. Mon, 06/27/2022 - 15:00.

Will This Be the Summer of Student Debt Cancellation?

Nerd Wallet

The “will he, won’t he” summer of student debt cancellation is upon us. The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumors fly on social media.

How to Get PrEP for HIV Prevention With or Without Insurance

Nerd Wallet

Pride month is a time for the LGBTQ community to celebrate the progress it has made, while also acknowledging the many challenges that still exist. HIV is one of those challenges. The number of new HIV infections in the U.S. per year has declined by more than 70% since 1984 and by about 10% between.


Wells Fargo to Launch New ‘Autograph’ Rewards Card With No Annual Fee

Nerd Wallet

Wells Fargo has introduced a new travel credit card, the Wells Fargo Autograph? It offers useful reward categories like gas stations and restaurants, along with a sign-up bonus that’s large for a card with an annual fee of $0.


Figo Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, wellness. Breadth of coverage: Excellent.Range of plan options: Excellent.Can pay your vet directly: No. The bottom line: Figo is a great choice for pet owners who want extensive coverage, a variety of deductibles to choose from and generous reimbursement options.


How to Get a Business Loan as an H-1B Visa Holder

Nerd Wallet

An H-1B visa holder may find it difficult to start a business as well as obtain the funding they need. When pursuing a business opportunity, visa holders must be careful to follow the regulations that apply to the visa program in order to not compromise their H-1B status.

What Is an Auto Loan Co-signer vs. Co-borrower?

Nerd Wallet

An auto-loan co-signer agrees to make monthly payments if the owner doesn’t. An auto loan co-borrower shares both responsibility for payments and ownership of the car. A second person on an auto loan is quite common, and most borrowers simply need the stronger credit profile of a co-signer.

Loans 52

Smart Money Podcast: Small-Business Inflation, and Sign-Up Bonuses

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion with NerdWallet data writer Liz Renter about the impact of inflation on small-business owners.


Pets Best Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, accident-only, wellness. Breadth of coverage: Good.Range of plan options: Excellent.Can pay your vet directly: Yes. The bottom line: One of the most customizable pet insurance plans in the industry.


Can You Have 2 Chase Freedom Credit Cards?

Nerd Wallet

Chase organizes its credit cards into different “families” based on what the card offers. Travel and dining cards are branded with a Sapphire name. Small business cards are Ink-branded. And Chase’s cashback-focused credit cards are branded as Chase Freedom credit cards.