Thu.Mar 30, 2023

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Agency Discloses Data Breach, Information on 500k BofA Customers Compromised

Account Recovery

A Pennsylvania collection agency has filed a data breach notification with the Maine Attorney General, indicating that nearly 500,000 consumers were affected by the breach, which occurred last month. A copy of the sample letter that was sent to affected consumers by NCB Management Services can be accessed by clicking here. The breach occurred on … The post Agency Discloses Data Breach, Information on 500k BofA Customers Compromised first appeared on AccountsRecovery.net.

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5 things your business should never do when trying to collect a debt

American Profit Recovery

One of the more frustrating parts of running any type of business is when customers pay late or do not pay at all. We’re confident you would agree with that statement. As a debt collection agency that works with small business and large organizations, we hear the disappointments regularly from people just like you we are consulting with. When we conduct our free consultations for debt collections , it’s one of the first things we hear.

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Getting to Know Peter Campisi of Sunrise Credit Services

Account Recovery

Building is in Peter Campisi’s blood. Whether helping his father who was a home improvement contractor or helping build Sunrise Credit Services during his 33 years at the company, Campisi likes to get his hands dirty and be involved. It also speaks to his mantra of building people and letting them build a business. Read … The post Getting to Know Peter Campisi of Sunrise Credit Services first appeared on AccountsRecovery.net.

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9 Best Investments to Increase Your Wealth in 2023

Credit Corp

Key takeaways: Investing is a way to increase your wealth based on your risk tolerance and time horizon The best investments for low-risk investors looking for moderate returns are index funds, government bonds, and high-yield savings accounts The best investments for high-risk investors that want high returns are individual stocks, real estate, and cryptocurrencies Investing is one of the best ways to grow your wealth and improve your financial future.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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Judge Denies Plaintiff’s MSJ in FDCPA Case Over Interest Statement in Letter

Account Recovery

A District Court judge in New Jersey has denied a plaintiff’s motion for summary judgment in a Fair Debt Collection Practices Act case, ruling that the plaintiff’s attempt to introduce a new theory at the summary judgment stage of the proceedings — after a Magistrate Court judge had already denied a motion to amend the … The post Judge Denies Plaintiff’s MSJ in FDCPA Case Over Interest Statement in Letter first appeared on AccountsRecovery.net.

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CFPB Won’t Pursue Enforcement Action with Opportun Over Legal Collection Practices

Account Recovery

For the executives of Opportun Inc., it probably feels like Christmas in March. The company announced this week that it received a notification from the Consumer Financial Protection Bureau that it will not be pursuing an enforcement action against the company after opening an investigation into its legal collection practices. Opportun, an online lender that … The post CFPB Won’t Pursue Enforcement Action with Opportun Over Legal Collection Practices first appeared on AccountsRecovery.net.

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7 Ways to Use Your Tax Refund to Fight Inflation

Nerd Wallet

Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer. The article 7 Ways to Use Your Tax Refund to Fight Inflation originally appeared on NerdWallet.

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Daily Digest – March 30. Getting to Know Peter Campisi of Sunrise Credit Services; Data Breach at Agency Compromises Info on 500k Consumers

Account Recovery

GETTING TO KNOW PETER CAMPISI OF SUNRISE CREDIT SERVICES Building is in Peter Campisi’s blood. Whether helping his father who was a home improvement contractor or helping build Sunrise Credit Services during his 33 years at the company, Campisi likes to get his hands dirty and be involved. It also speaks to his mantra of … The post Daily Digest – March 30.

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I’m 18 & I Want a Credit Card. What Are My Options?

Credit Corp

Getting a credit card is like taking a step toward financial adulthood. It brings you into the world of building credit and paying bills, which almost everyone has to deal with at some point, so it can help to get started as soon as possible. But the “firsts” of adulthood aren’t always easy, and that includes getting your first credit card.

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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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Is Critical Illness Insurance Worth the Cost?

Nerd Wallet

Katia Iervasi writes for NerdWallet. Email: kiervasi@nerdwallet.com. The article Is Critical Illness Insurance Worth the Cost? originally appeared on NerdWallet.

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It’s Here: CFPB Issues Final Rule Under Section 1071

Troutman Sanders

As promised (and discussed here ), the Consumer Financial Protection Bureau (CFPB) issued its final rule under Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Final Rule). Section 1071 amended the Equal Credit Opportunity Act (ECOA) to impose significant data collection requirements on small business creditors. According to the press release announcing the Final Rule’s issuance, “[l]enders will collect and report information about the small business credit applicat

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SALT Deduction 2023: How to Write Off State and Local Tax

Nerd Wallet

Andy Rosen writes for NerdWallet. Email: arosen@nerdwallet.com. Twitter: @[link] The article SALT Deduction 2023: How to Write Off State and Local Tax originally appeared on NerdWallet.

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Defending Your Fully Digital Wallet Against Fraud

Fico Collections

Home Blog FICO Defending Your Fully Digital Wallet Against Fraud Moving to a primarily digital wallet doesn’t mean sacrificing fraud protection – in fact, it means stepping up protection against scams FICO Admin Fri, 07/10/2020 - 18:12 by TJ Horan Vice President, Product Management expand_less Back To Top Thu, 03/30/2023 - 13:15 Ever since I cast off my physical wallet in favor of a digital one , I’m walking a little lighter.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Minding Our Business: Investing in Women Entrepreneurs Gets Us Closer to Economic Justice

Prosperity Now

Today is the last day of Women's History Month.

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