Sat.Nov 16, 2019 - Fri.Nov 22, 2019

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Katabat Speeds Digital Debt Collections with Powerful EasyCollect Mobile Payment Portal

Katabat

WILMINGTON, Del., Nov. 12, 2019 — Katabat, a leading global supplier of debt management software solutions, has launched Easy Collect, a powerful, yet easy to deploy, mobile payment portal for lenders and debt collection agencies. Easy Collect is the industry’s simplest, fastest digital payments solution, allowing lenders and agencies to reach borrowers via integrated email and SMS messaging and creating a hassle-free payment experience that helps increase collections. “Our clients w

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Fraud: What Is the Contingent Reimbursement Model?

Fico Collections

The Contingent Reimbursement Model (CRM) is a UK payments industry initiative designed to reimburse victims of authorised push payment fraud (APP fraud). Over the past decade, there has been an ever increasing stream of APP fraud where social engineering techniques are used to trick people or representatives of businesses to send money from their bank accounts to a fraudster.

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Auditing Third Party Collection Agencies

Optio Solutions

Auditing third party collection agencies is standard procedure among corporate clients in today’s business world. The reason for conducting audits is simple. Clients want to confirm that agencies are protecting their interest with compliant practices and efficient collection efforts that result in a favorable return on investment, brand protection, and customer retention.

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NY Appellate Court Holds Default Letter Stating Lender “Will Proceed to Automatically Accelerate” Did Not Accelerate the Debt and Thus Did Not Trigger the Statute of Limitations

Consumer Finance Watch

Diana M. Eng and Alina Levi. In U.S. Bank N.A. v. Gordon , 176 A.D.3d 1006 (2d Dept. 2019), the New York Appellate Division, Second Department, held that a notice of default stating that if the loan was not made current, the lender “will automatically accelerate [the] loan,” was “merely an expression of future intent” and therefore did not accelerate the borrowers’ debt.

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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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Bankruptcy Options for the Self Employed

Luftman, Heck & Associates.

Facing the prospect of filing bankruptcy can be daunting. At a time when you’re under serious financial stress, you have to figure out if seeking legal protection from your creditors is the right move and what are the long term effects of doing so. Your decision may be further complicated if you are self-employed as an independent contractor or are a sole proprietor of a small business.

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House Financial Services Committee Considers Amendments to the FDCPA

Consumer Financial Services Law

On November 14, 2019, the House Committee on Financial Services passed the following bills which would amend the federal Fair Debt Collection Practices Act and tighten consumer protections. The bills will now make their way to full House for further consideration. The Ending Debt Collection Harassment Act of 2019 (H.R. 5021 ) is a response to the proposed Debt Collection Rules and proposes to prohibit a debt collector from contacting a consumer by email or text message without a consumer’s conse

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R.J. Shannon joins Houston Volunteer Lawyers, Equal Access to Justice Society

BN Lawyers

Robert “R.J.” Shannon joined the Equal Access to Justice Society of the Houston Volunteer Lawyers program. Members of the Equal Access to Justice Society commit to minimum pro bono legal services to low income residents of the Houston area and contribute to continuing legal education programs to promote effective pro bono representation by its members.

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Manny Newburger admitted in Massachusetts

BN Lawyers

Manuel “Manny” Newburger has been admitted as an attorney in the Commonwealth of Massachusetts. Mr. Newburger is now admitted to practice in the states of Texas, Colorado and Massachusetts. He was also recently admitted to the United States District Court for the Eastern District of Oklahoma. He has now been admitted to practice in over 20 federal district courts. .

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R.J. Shannon’s paper on Chapter 22 filings presented at 2019 Westbrook Bankruptcy Conference

BN Lawyers

Robert “R.J.” Shannon’s white paper “Chapter 22 Frequently Asked Questions” was submitted as part of a presentation titled “Recidivist Debtors: Chapter 22s of Oil and Gas Business Debtors. Why is it Happening Now?” at the 38 th Annual Jay L. Westbrook Bankruptcy Conference on November 14, 2019 in Austin, Texas. Mr. Shannon served as materials coordinator for a panel presentation by lawyers and financial advisors.

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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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Fifth Circuit Pumps The Brakes On Arbitration

Consumer Financial Services Law

In a recent appeal directly to the Fifth Circuit from a Southern District of Texas Bankruptcy Court, the court affirmed the bankruptcy court’s denial of a motion to compel arbitration. In Henry v. Educational Financial Service, the Chapter 13 debtor initiated an adversary proceeding against her creditor asserting the creditor violated the discharge injunction by attempting to collect a discharged debt.