Sat.Mar 30, 2024 - Fri.Apr 05, 2024

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What’s a Credit Lawyer, and Do I Need One?

Credit Corp

Is your bad credit preventing you from getting a credit card, buying a home, or renting an apartment? Are you paying higher-than-average interest rates because of your poor credit score? If so, a credit lawyer may be able to help. Credit lawyers help with credit repair solutions. Some consumers choose to handle the credit repair process on their own.

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Business Debt Collection in 2024

Burt and Associates

Tackling Business Debt Collection in 2024: Hurdles and Game Plans for Entrepreneurs One constant challenge remains for business owners – getting paid on time. Ensuring clients settle up and managing unpaid bills are crucial to keeping your company’s finances healthy and growing. As we head into 2024, let’s look at the major debt collection roadblocks entrepreneurs will face, along with some essential tips for navigating this tricky territory.

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Removing the stigma behind bankruptcy filings

Roths Child Law

It is no secret that the cost of living is impacting most households in the U.S. In fact, over half of the population have some form of credit card debt. When debts become overwhelming and impossible to pay, filing for bankruptcy is an option. However, many people are put off of doing so because of the stigma behind filing for bankruptcy. What stigma do filers potentially face and what is the truth behind these issues?

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30 Companies Seeking Collection Talent

Account Recovery

During this, The Great Resignation Era, I thought it would be helpful to start a regular posting of different jobs within the accounts receivable management industry that I have found online. Please make sure to do your own due diligence before applying for a position included here or accepting any offers.

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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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Why Is a Credit Union Better Than a Bank?

Credit Corp

When it comes to borrowing money, building up your emergency fund , and performing financial transactions, you have more options than ever before. You can open an account with a traditional bank, set up an online bank account , or choose a neighborhood credit union. Best of all, you can have accounts with multiple institutions, maximizing convenience.

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Changes to the Homeowners’ Association Act: HB 437 Expands Property Owners’ Rights to Use Their Property

Jimerson Firm

“Why does the HOA care what I do in my backyard?” is an all-too-common question posed by homeowners. Responsible for maintaining the community rules, facilities, and appearance, homeowners’ associations have an important role in upholding community standards. However, a common complaint amongst owners revolves around their homeowners’ association’s (“HOA”) authority to govern what happens in the back or side yard of a home out of sight of the rest of the HOA.

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Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant

Account Recovery

EDITOR’S NOTE: This article is part of a series that is sponsored by WebRecon. WebRecon identifies serial plaintiffs lurking in your database BEFORE you contact them and expose yourself to a likely lawsuit. Protect your company from as many as one in three new consumer lawsuits by scrubbing your consumers through WebRecon first. Want to learn more?

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How to Fix Your Credit in 5 Steps

Credit Corp

Whether you realize it or not, your credit score can have a significant impact on your life. It can determine whether you can buy a home, get an auto loan, secure an apartment, and, in some cases, land a job. If your credit is anything less than stellar, you may need to ask yourself, “Is it time to fix my credit?” In this post, we’ll cover five of the best ways to fix your credit: Get a copies of your credit report Address any errors on your credit report s Protect and nurture your credit

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CFPB Finds Americans are Paying Upfront Fees Seeking to Lower Interest Rates on Mortgages

Consumer Finance

The CFPB issued a new report today finding that more borrowers paid “discount points” upfront as overall interest rates rose.

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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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National Association of Realtors Settlement and its Effect on the Real Estate Industry

Jimerson Firm

If you have been paying attention to the news lately, you have likely seen stories surrounding a major shakeup with real estate commissions stemming from a settlement in a prominent federal lawsuit. On March 15 th , a settlement was agreed on between the National Association of Realtors (“NAR”) and the U.S. Department of Justice (“DOJ”) who alleged anticompetitive practices.

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Daily Digest – April 5. Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant; Work-Life Balance Key to Attracting New Job Candidates in ARM Industry

Account Recovery

Separate Plaintiffs File FDCPA Suits After Sending Exact Refusal Message to Same Defendant Work-Life Balance Key to Attracting New Job Candidates in ARM Industry Judge Grants MTD in FDCPA Case Over Collection Lawsuit Debt Collection Complaint Volume Falls in 2023: CFPB WORTH NOTING: What you need to know if you are looking at making a […]

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What Is the Impact of Bankruptcy on Professional Licenses and Certifications?

Sawin & Shea

Filing for bankruptcy is a great financial option for those struggling with cumbersome debt. It enables you to discharge eligible debts, such as credit card and medical debt, so that you can live with a fresh start in the future. But you may be wondering, “What Is the Impact of Bankruptcy on Professional Licenses and Certifications?” This debt relief option is the best choice for numerous indebted individuals, and it shouldn’t merely be considered a last resort — It’s a p

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Reporte de la CFPB Identifica Riesgos Financieros y a la Privacidad que Corren los Consumidores en los Mercados de Video Juegos

Consumer Finance

La CFPB emite reporte examinando el crecimiento del comercio digital dentro de juegos de videos y mundos virtuales online.

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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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Utilizing ex parte attachments for Massachusetts commercial debt collection

Collections Law

When a debtor is delinquent, one of the biggest concerns for creditors is that the debtor doesn’t have enough money to pay what they owe. Securing an ex parte attachment to obtain pre-judgment security as part of a collections lawsuit can help to alleviate these concerns. At Law Offices of Alan M. Cohen & Associates LLC, our experienced, relentless and innovative commercial debt collection attorneys have over 50 years of collective experience.

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Judge Dismisses FDCPA Class Action Over Undated MVN

Account Recovery

It’s not a ruling on the merits of sending an undated Model Validation Notice, but a District Court judge — this time in California — has dismissed a plaintiff’s Fair Debt Collection Practices Act class action, ruling that the plaintiff did not suffer a concrete injury and thus does not have standing to sue.

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Collection agencies can buy debt from creditors, can sue for money | Fact check

Collection Industry News

The claim: It is illegal for collection agencies to buy debt and ‘come after you’ if you send a cease-and-desist letter A March 27 Facebook post (direct link, archive link) offers advice for consumers facing debt collection. “It is illegal for a collection agency to buy your debt and come after you for it,” text on the video reads. “When a debt collector comes after you for debt owed but you already sent a cease and desist letter (sic).

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Statement of CFPB Director Rohit Chopra on Risks to Consumers in Video Gaming Marketplaces

Consumer Finance

CFPB Director Rohit Chopra provided a statement on the Banking in Video Games and Virtual Worlds report.

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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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Paul Hammer Featured in Law360 Article on Bankruptcy Practice

BN Lawyers

Paul Hammer, Shareholder and leader of Barron & Newburger’s Houston Office, was recently quoted in an article published by Law360 entitled “5 Myths in Bankruptcy Practice Debunked”. Mr. Hammer was interviewed along with several prominent practitioners from large AMLAW firms including White & Williams and Cole Schotz. The article in its entirety may be found here: 5 Myths In Bankruptcy Practice Debunked – Law360 Bankruptcy Authority The post Paul Hammer Featured in Law360 Article on

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Daily Digest – April 4. Getting to Know Joshua Ouellette of JJ Marshall and Associates; Calif. Judge Dismisses FDCPA Class Action Over Undated MVN

Account Recovery

Getting to Know Joshua Ouellette of JJ Marshall and Associates Calif.

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Risk and reward: How AI is driving the US debt collection industry

Collection Industry News

The use of AI in the sector only looks set to grow; even though just over 10% of collections firms currently employ AI-driven tools in the US, around 60% are considering implementing them. The benefits are clear: AI tools can predict which debtors are likely to pay; they can negotiate payments virtually, and segment and profile customers. This is good news for financial services providers, experts say, because systems can spot who’s going to pay their debt and who’s less able to honour demands.

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Prepared Remarks of CFPB Director Rohit Chopra at the White House on Data Protection and National Security

Consumer Finance

Director Chopra at the White House on Data Protection and National Security.

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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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Member Spotlight: Credibility Through Certification

NACM

Earning designations are not limited to those who are new to the industry. Whether advancing your career, expanding your knowledge on basic information or learning new skills, NACM's Professional Certification Program helps credit professionals with career growth. Designations can provide many benefits for your company and your customers.

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Daily Digest – April 3. Judge Grants MTD in FDCPA Class Action; CPPA Issues First Enforcement Advisory

Account Recovery

Judge Grants MTD in FDCPA Class Action Judge Denies MTD in FDCPA Class Action Over Post-Judgment Fees CPPA Issues First Enforcement Advisory; Focuses on Data Minimization 30 Companies Seeking Collection Talent WORTH NOTING: Some weird beach laws that are on the books in different locales across the United States … A lot of people think […]

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Compliance Digest – April 2

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. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.

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Daily Digest – April 1. Proposed Rule Would Require Mini-Miranda Disclosure in Five Languages; Industry Attorney Selected to Replace ‘Bachelorette’ Drop-Out

Account Recovery

Proposed Rule Would Require Mini-Miranda Disclosure in Five Languages Industry Attorney Selected to Replace ‘Bachelorette’ Drop-Out Group Pushing State Laws to Ban Internet, Technology From Collections Compliance Digest – April 1 WORTH NOTING: Five tips for not getting tricked this April Fool’s Day … Common mistakes you are likely making that can ruin your credit […]

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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.