Sat.Oct 02, 2021 - Fri.Oct 08, 2021

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Judge Dismisses FDCPA Case for Lack of Standing

Account Recovery

Courts within the Seventh Circuit continue to attack the issue of standing in Fair Debt Collection Practices Act cases, this time dismissing a case because a plaintiff was confused about the amount that was owed after receiving a collection letter, because the plaintiff never made any attempt to pay the debt, and that decision to … The post Judge Dismisses FDCPA Case for Lack of Standing appeared first on AccountsRecovery.net.

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Call Scripts for Successful A/R & Collections Specialists

Enterprise Recovery

When your business needs to make a call to get invoices paid, make sure your accounts receivable and collections specialists are using the right language and abilities. Successful calls are handled by skilled collections specialists with the qualities of persistence, confidence, great listening skills, and training. When emails aren't bringing those late payments current, these call script examples may help.

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Student Loan Forgiveness: What’s Getting Fixed?

Nerd Wallet

A limited waiver announced by the U.S. Department of Education is expected to immediately wipe the slate clean for 22,000 student borrowers seeking Public Service Loan Forgiveness and speed the process for at least 500,000 more. It’s not the broad student loan forgiveness borrowers may be dreaming of. Instead, it’s the latest example of the. Anna Helhoski writes for NerdWallet.

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FAR Council Issues Ensuring Adequate COVID-19 Safety Protocols for Federal Contractors Clause

Burr Forman

On September 27, 2021 Burr & Forman published COVID-19 Vaccine Guidance for Federal Contractors , noting that the Federal Acquisition Regulatory Council was to develop a mandatory Federal Acquisition Regulation (“FAR”) clause for new contracts and solicitations over the Simplified Acquisition Threshold (currently $250,000.00). The FAR Council has published the new clause (“COVID Clause”), and has asked contracting agencies to develop deviations allowing use of the new COVID Clause.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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Judge Recommends Lowering Plaintiff’s Fee Award by 63%

Account Recovery

In a case that was defended by Cooper Walker at Malone Frost Martin, a Magistrate Court judge in Texas has recommended reducing a plaintiff’s attorneys fee award by nearly two-thirds after a settlement was reached in a Fair Debt Collection Practices Act case. A copy of the report and recommendation in the case of Peterson … The post Judge Recommends Lowering Plaintiff’s Fee Award by 63% appeared first on AccountsRecovery.net.

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Mortgage Outlook: Falling Leaves, Rising Rates in October

Nerd Wallet

October mortgage rates forecast I predict that mortgage rates will rise in October. There will be ups and downs day to day, but mortgage rates will be higher at the end of the month than at the beginning of the month. (That’s assuming the debt limit will be addressed in time to avoid a government. Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com.

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Jocelyn Nager Named Super Lawyer for Sixth Consecutive Year

FFGN COLLECT NY

Ms. Jocelyn Nager, managing partner of the New York debt collection law firm Frank, Frank, Goldstein & Nager P.C., has been named a “Super Lawyer” for the sixth consecutive year. Super Lawyers rates outstanding lawyers from more than 70 practice areas, recognizing no more than 5 percent of attorneys in each state. Lawyers featured have attained a high degree of peer recognition and professional achievement and are evaluated through rigorous independent research, peer nominations, and peer ev

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USPS Rolling Out New Financial Services; Bill Payment Option on the Menu

Account Recovery

For all the talk about moving debt collection and paying bills into the 21st century by allowing consumers to communicate via text messaging and pay bills using apps like Venmo, a published report is touting the expanding presence of an old school brick-and-mortar building — the post office — as a financial services hub for … The post USPS Rolling Out New Financial Services; Bill Payment Option on the Menu appeared first on AccountsRecovery.net.

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The CARES Act, Consumer Bankruptcy, and Mortgage Servicing

Sawin & Shea

At the start of 2020, Americans and individuals all over the world were affected by the pandemic. While the government created programs to assist those financially affected—such as the CARES Act—many who were already struggling before the hit of COVID-19 fell even further into debt. Though enacting the CARES Act helped, those dealing with hefty mortgage payments and considering bankruptcy, for example, weren’t entirely clear on their options.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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How Gratitude Can Help Your Financial Life

Nerd Wallet

Gratitude makes us more aware of the sources of joy, wonder and hope in our lives. Being grateful also can improve health, strengthen relationships and help us manage our money. Developing gratitude requires us to focus on what we have rather than on what we lack, says Meghaan Lurtz, a senior research associate with financial. Liz Weston writes for NerdWallet.

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CFPB Takes Action Against American Advisors Group for Deceptively Marketing Reverse Mortgages to Consumers

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.

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FTC Sends $800k to Consumers Victimized in Bogus Collection Scam

Account Recovery

The Federal Trade Commission announced yesterday that it is returning nearly $800,000 to consumers who were victimized by Hylan Asset Management and its owners, which collected $24 million during the four years it was allegedly buying and selling fake debt portfolios. The defendants surrendered assets and funds to the FTC and agreed to be permanently … The post FTC Sends $800k to Consumers Victimized in Bogus Collection Scam appeared first on AccountsRecovery.net.

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A third of SME’s worried about repaying Covid Support loans

UK debt collections

Over a third (35 per cent) of small- and medium-sized enterprises (SMEs) are concerned about their ability to start repaying Covid support loans, research has found. An EY survey of 712 UK SMEs has found 88 per cent received financial aid from lenders or the government and 51 per cent described recovering from the pandemic as one of the ‘main challenges’, indicating that they will likely require ongoing support.

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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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The Best Airlines for Traveling With Your Pet

Nerd Wallet

If you’re traveling with a pet for the first time (or maybe just the first time in a year), a lot has changed. Some airlines that used to happily ship your pet in cargo will transport them no more. Your emotional support animal likely can no longer fly for free. COVID-19 upended many facets of. Sally French writes for NerdWallet. Email: sfrench@nerdwallet.com.

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How to Manage Your Debt Before Buying a House

Credit Corp

Buying a house and getting a mortgage is a big investment– and not only for you. When you choose a mortgage lender and are approved for your home loan, your lender is agreeing to lend you all funds necessary to cover your home purchase. Because a house is a high-cost purchase, lenders want to guarantee that you’re not a “risky borrower.” Lenders want to know that you’ll be able to make your monthly payments on time and in full.

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FCC Releases Pricing for Reassigned Number Database

Account Recovery

The Federal Communications Commission has announced the pricing structure for its Reassigned Number Database, which will attempt to inform callers, including those in the accounts receivable management industry, whether a consumer’s cell phone number has been disconnected or reassigned. Prices will range between $10 and $35,100 per month, depending on the number of inquiries that … The post FCC Releases Pricing for Reassigned Number Database appeared first on AccountsRecovery.net.

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PDCflow Releases Support for Zero Cost Processing to Merchants

PDC Flow

Ogden, Utah – PDCflow, in partnership with a leading Merchant Service Provider (MSP), now supports the ability to reduce costs while collecting online credit card payments with Zero Cost Processing. Through this feature, merchants can charge consumers a Technology Fee for the hardware, software and security for online transactions, replacing the traditional MSP billing structure.

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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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How to Get the Best Amazon Black Friday 2021 Deals

Nerd Wallet

NerdWallet is here to help you win Black Friday, while leaving your budget intact. We spend the time, you save the money. Visit regularly for holiday shopping tips and announcements about your favorite retailers. Black Friday is Nov. 26. Amazon Black Friday deals have launched. The retailer announced overnight on Oct. 4 that it was. Hal M. Bundrick, CFP writes for NerdWallet.

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Top 10 Airbnb Alternatives

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. . Traveling and exploring places has been every individual’s desire to express both happiness and sadness. In this modern world, the growth of technology has brought the possibility of getting things done right from where we are. . The modernization has made not just travel but also all the variants related to it very seamless.

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Ontario Systems Announces Rebranding, Name Change

Account Recovery

After more than 40 years as Ontario Systems, the company rebranded itself yesterday, announcing it will be known as Finvi (pronounced fin-v?) and launching a new website and new logo. “I hope you share our excitement as we evolve our brand and reaffirm our commitment to delivering the most innovative solutions to help you advance … The post Ontario Systems Announces Rebranding, Name Change appeared first on AccountsRecovery.net.

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The Essential Property Management Tool: Background Screening

Micro Bilt

It’s well known that owning real estate is one of the most efficient ways to increase your net worth. However, managing properties isn’t always a straightforward process. Background screening is a property management tool that simply can’t be overlooked. Let’s take a look at everything you need to know about it.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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7 Ways to Make More Confident COVID-Era Business Decisions

Nerd Wallet

Running a business is inherently stressful. But labor shortages, vaccine protocols and shifts to remote work may be taking that stress to new heights — especially for small-business owners managing these complexities in their workplaces. Here are some ways two experts say small-business owners can ease that COVID-era decision-making anxiety. 1. Be consistent and document.

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10 Things to Do If You Lost Your Job and Need Money Now

Credit Corp

This article originally appeared on Wallet Squirrel and has been republished here with permission. We all have the stress nightmare where your boss comes out of the blue and says “You’re fired.” That’s it, and we spend the rest of the night in a panic. The problem is if it did actually ever happen, most of us don’t have a plan in case we do get fired.

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Judge Grants MSJ for Defense in FDCPA Case Over Alleged Misreported Debt

Account Recovery

A District Court judge in Virginia has granted a defendant’s motion for summary judgment after it was accused of violating the Fair Debt Collection Practices Act by allegedly inaccurately reporting the amount of a debt to the bureaus, ruling that the plaintiff’s omission of all but one page of his credit report in his complaint … The post Judge Grants MSJ for Defense in FDCPA Case Over Alleged Misreported Debt appeared first on AccountsRecovery.net.

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Illinois, We Have a Problem: Judge Refuses to Dismiss IRPA Privacy Claim Against RocketReach

Troutman Sanders

A U.S. district judge in Illinois recently denied a motion to dismiss in a class action involving an alleged violation of the Illinois’ Right of Publicity Act (IRPA). The court determined that the defendant’s arguments were more suitable for an affirmative defense and was unpersuaded by any of the arguments. In Krause v. RocketReach LLC , named plaintiff Krause argued her image was used in violation of her IRPA rights.

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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.