American Profit Recovery
MAY 19, 2021
By Sabrine: We have all heard others mention the significance of looking forward to work every morning, rather than dreading it. A positive work environment and culture is the very thing that can make or break an employee. Studies have shown that although employees make a decent salary at a company, they often quit for no reason other than the work culture.
Collection Industry News
MAY 18, 2021
Source: site. Despite objections from CUNA and NAFCU, the House of Representatives passed the Comprehensive Debt Collection Improvement Act on Thursday. The bill, H.R. 2547 was sponsored by House Financial Services Committee Chairwoman Rep. Maxine Waters (D-Calif.), passed the House with a 215-207 vote. While consumer groups praised the bill for its recourse for consumers harassed by debt collectors, CUNA and NAFCU saw the bill as complicating the legal relationship between consumers, members a
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UK debt collections
MAY 19, 2021
The latest figures provided by the Insolvency Service have indicated a further 22% reduction in Company insolvency rates across England and Wales. The figures show that business insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199). In April 2021 there was a total of 925 registered business insolvencies, comprised of 819 CVLs , 26 compulsory liquidations , 75 administrations and 5 CVAs.
Account Recovery
MAY 21, 2021
A bill has been introduced in the Senate that would provide $30 billion to utility companies and broadband Internet providers across the country in order to prevent those companies from shutting off services to customers because of unpaid debts, especially those that have accumulated during the COVID-19 pandemic. The bill, S. 1783, called the Maintaining … The post Bill Introduced in Senate to Cancel Utility Debts for Low-Income Households appeared first on AccountsRecovery.net.
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.
Enterprise Recovery
MAY 21, 2021
When starting a SaaS company, entrepreneurs begin with a unique idea to solve customer challenges. Customer Success ensures that the product is used successfully by those customers. This business practice ensures that customer churn is reduced and the customers become advocates for the brand. What are SaaS Customer Success best practices?
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
MAY 20, 2021
Finding products to sell on Amazon is easy once you understand your sourcing options as an ecommerce seller. Wholesale products and made-to-order manufactured goods are what most startups and small businesses think of at first. However, these are just two of six very different methods when it comes to how to find products to sell on. Krista Fabregas writes for NerdWallet.
Account Recovery
MAY 21, 2021
Mortgage bankers don’t think a 60-day delay of the effective date of Regulation F is long enough for mortgage servicers to be ready to comply with the provisions of the Consumer Financial Protection Bureau’s debt collection rule, and are calling on the regulator to delay the rule’s implementation for six months. The request was made … The post Mortgage Servicers Ask CFPB to Delay Reg F Effective Date For 6 Months appeared first on AccountsRecovery.net.
Credit Corp
MAY 19, 2021
Overwhelmed with debt? Whether it’s unpaid credit card debt or medical bills, you might feel like you have nowhere to turn. In fact, you might be so desperate that you’re considering extreme tactics—like moving out of the country. If you’re seriously considering uprooting your life just to avoid debt, you probably have a few questions. How do you start over in a completely new place?
Nexa Collect
MAY 16, 2021
Have you mistakenly overpaid your contractor, and he is refusing to return that money? Did you sponsor higher education for your employee with a commitment to work with you for a few years, but he resigned right after completing the degree? Other circumstances where an employee can owe money to his employer include – excessive travel expenses claimed, misuse of company credit card, unreturned company equipment like a laptop, excessive reimbursement claimed, and overpaid salary.
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.
Nerd Wallet
MAY 20, 2021
Is your business also a brand? Do you create original materials and assets for your business? If so, it’s likely you’ve considered how to protect your intellectual property—and therefore, you might be wondering about the difference between copyright vs. trademark. Ultimately, intellectual property and brand identity can be just as important as revenue when it comes.
Account Recovery
MAY 18, 2021
A District Court judge in Tennessee has denied a plaintiff’s motion for a temporary injunction seeking to block the enactment of an interim final rule saying that collectors may face prosecution under the Fair Debt Collection Practices Act for not providing written notices to individuals being evicted, determining that the rule does not apply where … The post Judge Denies Request for TRO to Block CFPB’s FDCPA Eviction Rule appeared first on AccountsRecovery.net.
Credit Corp
MAY 17, 2021
The American Rescue Plan Act is a federal law that was passed to help provide a third round of relief to Americans during the COVID-19 crisis. Like the two acts before it, the ARP Act included stimulus payments to many individuals and families. But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed.
Consumer Finance
MAY 20, 2021
The Consumer Financial Protection Bureau (CFPB) issued a consent order today against 3rd Generation, Inc., doing business as California Auto Finance (California Auto) for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.
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Nerd Wallet
MAY 20, 2021
When you’re starting a business, developing a strong business plan will be one of the first steps you take. Your business plan will cover everything from a detailed explanation of your products or services and pricing model to at least three years of financial projections—plus much more. Therefore, whether you’re not sure how to get. Sally Lauckner writes for NerdWallet.
Account Recovery
MAY 18, 2021
A District Court judge in Massachusetts has been asked to sign off on a settlement between the Consumer Financial Protection Bureau and a debt settlement company that was sued for allegedly engaging in abusive and deceptive acts and practices by charging fees before it performed any services and collecting higher fees than it was supposed … The post Debt Settlement Firm to Repay Consumers $5.4M Under Agreement With CFPB appeared first on AccountsRecovery.net.
Credit Corp
MAY 19, 2021
COVID-19 vaccines are being rolled out across the country, and the effects of coronavirus may be on the decline. Unfortunately, the same cannot be said for COVID-related scams. COVID-19 Financial Resource Guide. It’s unfortunate, but some bad actors will always take advantage of situations like COVID-19. In addition to everything else, individuals also need to be on the lookout for coronavirus scams that continue to crop up.
Sawin & Shea
MAY 19, 2021
If you are thinking of filing for Chapter 7 or Chapter 13 bankruptcy, or if you have already filed, you may be concerned about how long the bankruptcy will stay on your credit report. There is a simple answer to this: It will stay on for ten years if you filed Chapter 7 bankruptcy and seven years if you filed Chapter 13. The difference is because, in Chapter 13 bankruptcy, you and the bankruptcy trustee make a structured plan to pay off most of your debts in 3-5 years.
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.
Nerd Wallet
MAY 18, 2021
As a two-time national champion, Lexie Costa is constantly traveling for competitions and events. Like most athletes, she eats a high-protein diet including baked cod, lamb and yogurt — even on the road. Lexie Costa is a dog. She won first place in the 2017 and 2018 American Kennel Club and North America Diving Dogs. Sally French writes for NerdWallet.
Account Recovery
MAY 19, 2021
The Federal Trade Commission has banned those behind a student loan debt relief scam from providing debt relief services as part of a settlement that the agency announced earlier this week. One of the defendants will also make a monetary payment of $11,500 as part of an overall judgment against all of the defendants in … The post FTC Bans Operators of Student Loan Debt Relief Scam appeared first on AccountsRecovery.net.
Debt Recoveries
MAY 18, 2021
On the 27 th of May, The Vic Claims Discussion Group presents an interactive online seminar on claim recoveries. ?Three recovery gurus – Benjamin Karalus (Partner, McCabe Curwood), Mark Peters (Former Recovery Director, Chubb Insurance) and Debt Recoveries Australia’s own Client Relationship Manager James McGuire – will take you through highlights, strategies, and potential pitfalls in the world of recovery:- .
True Accord
MAY 19, 2021
Ohad Samet, CEO and cofounder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation (DFPI). The debt collection advisory committee is a new seven-member board that will provide critical feedback to the DFPI as it stands up its debt collection licensing program.
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?
Nerd Wallet
MAY 20, 2021
Starting in July, most families with kids will start getting monthly payments of up to $300 per child as part of the American Rescue Plan’s expansion of the child tax credit. The payments are scheduled to end in December, and it’s unclear whether they will be extended. But even six months of payments could make. Liz Weston writes for NerdWallet. Email: lweston@nerdwallet.com.
Account Recovery
MAY 20, 2021
The Court of Appeals for the Third Circuit has affirmed the dismissal of a Telephone Consumer Protection Act suit in which the District Court ruled the plaintiff lacked standing to sue because he never claimed anything other than a “bare procedural harm that resulted in no harm.” A copy of the ruling in the case … The post Appeals Court Affirms TCPA Ruling for Defendant Over Lack of Standing appeared first on AccountsRecovery.net.
Public Citizen
MAY 21, 2021
by Paul Alan Levy. When Keep Pushing , a St. Louis community organization devoted to protecting the unhoused, went door-to-door to speak to tenants facing eviction orders and hand out a flyer about their rights under the CDC eviction moratorium, one of the landlords whose tenants were visited, Norwood 2020, was desperate to suppress this potential threat to its bottom line.
Troutman Sanders
MAY 21, 2021
On May 6, Google announced that mobile app developers will be required to publish their privacy policies and make other privacy disclosures in a new “safety” section within Google Play beginning in Q2 2022. Google’s announcement is reminiscent of Apple’s June 2020 announcement that app developers publishing in its App Store must publish privacy “nutrition labels.” As of Q2 2022, developers publishing on Google Play will be required to include in their privacy
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