Account Recovery

AUGUST 19, 2020

A District Court judge in New York has sided with the Consumer Financial Protection Bureau and agreed to enforce a Civil Investigative Demand that was sent to a collection law firm, a decision that the law firm’s lawyer has said will be appealed. The CFPB’s case against the Law Office of Crystal Moroney began more … The post Judge Sides With CFPB in CID Case Against Collection Law Firm appeared first on AccountsRecovery.net.

Law Firms 246

Law Firms Collections Lawyers 246

Enterprise Recovery

AUGUST 21, 2020

Just like when any relationship turns sour, you're left dealing with the things you couldn't agree on. Unfortunately, when your good business clients refuse to pay or communicate, it may be time to bring in a mediator to ensure your assets are protected and your agreement holds up. Whether you've decided to escalate their continued late payments, write off their account as bad debt or pursue litigation, you don't have to do it alone.

Collection Agencies 160

Collection Agencies Collections Agency Collections 160

Nerd Wallet

AUGUST 17, 2020

Payments are currently suspended, without interest, for federal student loan borrowers until Dec. 31. Originally, a six-month suspension was announced in mid-March as part of a measure included in the coronavirus relief package. It was extended until the end of the year by an executive order. This policy applies only to federal loans, not to. Anna Helhoski is a writer at NerdWallet.

Loans 144

Loans Student Loans Student loans 144

Nexa Collect

AUGUST 21, 2020

In many ways, it doesn’t matter how knowledgable a doctor is, or how much they care for their patients if the patients aren’t actively engaged in their care. That’s because unless they’re willing to follow their doctor’s advice and do what it takes to stay healthy, the quality of service means nothing. That’s why, in a patient-centered care model, patient engagement is critical.

Healthcare 130

Healthcare 130

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.

Account Recovery

AUGUST 19, 2020

The Office of Administrative Law — the agency in California that is responsible for dotting the i’s and crossing the t’s of new regulations — has officially signed off on the final version of the California Consumer Privacy Act, and those approved regulations are now in effect, according to a press release from California Attorney … The post Final CCPA Regs Issued by California AG appeared first on AccountsRecovery.net.

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246

Nerd Wallet

AUGUST 21, 2020

Attending college from a laptop in your childhood bedroom might not be the experience you had in mind. But just because you’re not living in a dorm this fall doesn’t mean that expenses disappear. Your cost of attendance might have changed if you’re learning remotely due to COVID-19, but colleges will factor at-home or off-campus. Anna Helhoski is a writer at NerdWallet.

Student Loans 141

Student Loans Student loans Loans 141

Nexa Collect

AUGUST 17, 2020

Revenue cycle management in healthcare is a critical discipline. It keeps the lights on and maintains a practice’s ability to see patients. Without it, efficient data collection and patient billing aren’t possible. And with healthcare complexity increasing year upon year, the hunt for qualified individuals assumes a higher priority. Certified revenue cycle representatives (CRCRs) are revenue professionals with specialized credentials that ensure they have the knowledge, skills, and attitude need

Healthcare 130

Healthcare Collections 130

Account Recovery

AUGUST 19, 2020

A District Court judge in Utah has certified a Fair Debt Collection Practices Act class action case which accused a defendant of pursuing judgments on defaulted debts without registering as a debt collector in the state. A copy of the ruling in the case of Lawrence v. First Financial Investment Fund V can be accessed … The post Judge Certifies Class in FDCPA Case Over Lack of License appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Debt collector Judgment Collections 246

Credit Corp

AUGUST 16, 2020

According to the U.S. Census Bureau, the median sales price of new homes in May 2020 was around $317,000. Even if you’re purchasing a home that falls well below that average, chances are it’s one of the most expensive things you’ll ever buy. With such a big expense, you might be wondering—how much do you need to save for a house? The good news?

Loans 124

Loans Lender Government 124

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.

Banks

Nerd Wallet

AUGUST 20, 2020

Advancements in medicine and technology are helping us live longer than ever before. But the prospect of living in retirement for up to 40 years — often the same time frame an individual spends working — makes saving and planning all the more important. Yet saving is only one piece of the retirement puzzle. Choosing. Tiffany Lam-Balfour is a writer at NerdWallet.

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135

Arbeit Software

AUGUST 21, 2020

Identifying yourself as a trusted, legal caller is the first line of defense in mitigating improper call blocking and labeling events.

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Account Recovery

AUGUST 18, 2020

The Ninth Circuit Court of Appeals has overturned a lower court’s ruling that granted summary judgment in favor of a debt collector that was sued for violating the Fair Debt Collection Practices Act because it was entitled to the Bona Fide Error defense, determining that the lower court erred in assessing the BFE test. A … The post Appeals Court Overturns FDCPA Case That Used BFE Defense appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Debt collector Judgment Collections 246

Burr Forman

AUGUST 19, 2020

Like the majority of the country, Alabama essentially shuttered its economy in March in an effort to curb the rapid spread of COVID-19. As of July 2020, the State of Alabama began rapidly reopening for business, and retail and commercial office space is no exception. Although Alabama initially implemented COVID-19 related protections via Governor Ivey’s Executive Order dated April 3, 2020, this Order only protected residential tenants from eviction due to nonpayment of rent until June 1, 2020.

Retail 98

Retail Government Collections 98

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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.

Collection Agencies

Nerd Wallet

AUGUST 19, 2020

Bank promotions consist of cash bonuses when you open a new checking or savings account. To qualify for this one-time perk, you’ll likely have to set up direct deposit with the bank and keep the account open for at least a few months. Some banks have looser rules than others; we’ve outlined those requirements below. Alice Holbrook is a writer at NerdWallet.

Banks 128

Banks 128

Debt Recoveries

AUGUST 20, 2020

Author: Nathan Haynes of ADC Legal. Receiving a claim against you is a stressful experience for everyone and it is important to have a clear understanding of how best to respond. What is a Statement of Claim? A Statement of Claim is the document used to initiate legal proceedings. It contains a summary of the key facts supporting a plaintiff’s case.

Debt Recovery 98

Debt Recovery Lawyers 98

Account Recovery

AUGUST 17, 2020

JUDGE GRANTS MSJ FOR PLAINTIFF IN FDCPA CASE OVER BFE DEFENSE A District Court judge in Indiana has adopted a Magistrate Judge’s Report and Recommendation that grants summary judgment in favor of a plaintiff who sued a collection agency for violating the Fair Debt Collection Practices Act for sending a letter to the plaintiff after … The post Daily Digest – August 17.

Fair Debt Collection 246

Fair Debt Collection Collection Agencies Collections Agency Judgment 246

PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. As many professionals work to navigate this new world of remote work and prepare for the months to come, attorney John Bedard has been a dominant voice, guiding collectors through the struggle. We recently spoke to Bedard about his journey in the industry, his observations on doing business during Covid19, and his vision for the future of the industry.

Collections 98

Collections Debt collector Law Firms Trade 98

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

AUGUST 21, 2020

I haven’t set foot in a grocery store in nearly four months. With a 10-month-old baby to think about, my husband and I have kept trips to the store to a minimum out of an abundance of caution during the pandemic. We’re fortunate to have just about every grocery delivery service at our disposal —. Lauren Schwahn is a writer at NerdWallet. Email: lschwahn@nerdwallet.com.

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Consumer Finance

AUGUST 20, 2020

The Consumer Financial Protection Bureau issued a consent order against Go Direct Lenders, Inc. (Go Direct), a California corporation that is licensed as a mortgage broker or lender in about 11 states.

Lender 94

Lender Loans 94

Account Recovery

AUGUST 17, 2020

A District Court judge in Indiana has adopted a Magistrate Judge’s Report and Recommendation that grants summary judgment in favor of a plaintiff who sued a collection agency for violating the Fair Debt Collection Practices Act for sending a letter to the plaintiff after she had communicated that she was refusing to repay the debt. … The post Judge Grants MSJ For Plaintiff in FDCPA Case Over BFE Defense appeared first on AccountsRecovery.net.

Fair Debt Collection 246

Fair Debt Collection Collection Agencies Collections Agency Judgment 246

Better Credit Blog

AUGUST 21, 2020

Nothing is quite as panic-inducing as receiving a call from a debt collector. Not only are they notoriously rude, but having a debt collector on your tail can mean that your credit score is about to take a dive. If you have heard from a debt collector called MRS BPO LLC recently, you may already be aware of this and looking for a way to fix the situation.

Debt collector 92

Debt collector Original Creditor Collection Agencies Collections Agency 92

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?

Financial services

Nerd Wallet

AUGUST 17, 2020

The coronavirus pandemic continues to disrupt the U.S. economy as businesses both big and small cut back, close and declare bankruptcy. Consequently, a reported 16.3 million Americans were unemployed in July compared to just over 6 million the previous year, according to the Bureau of Labor Statistics. In addition to losing their paychecks, many Americans.

Bankruptcy 111

Bankruptcy 111

Consumer Finance

AUGUST 17, 2020

The Consumer Financial Protection Bureau issued a notice of proposed rulemaking to create a new category of seasoned qualified mortgages in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market.

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93

Account Recovery

AUGUST 17, 2020

DALLAS, Texas — Malone Frost Martin PLLC, a leading industry defense and compliance law firm, is very pleased to announce that industry veteran Loraine Lyons has joined the team as a Partner in the Compliance and virtual General Counsel services division. Loraine joins Malone Frost Martin with over 20 years of experience exclusively in the accounts … The post Industry veteran Loraine Lyons joins Malone Frost Martin PLLC appeared first on AccountsRecovery.net.

Law Firms 246

Law Firms 246

Debt Guru

AUGUST 21, 2020

Whether your financial goals are as simple as building a small emergency fund or as complex as savings and investments for retirement, few things can derail your plan faster than debt. That is why most experts and financial planners suggest prioritizing debt repayment first, before many other goals, and recommend paying down that debt as fast as possible.

Credit Card Debt 78

Credit Card Debt Unsecured Debt Student Loans Student loans 78

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