Nerd Wallet
DECEMBER 22, 2020
A second wave of federal coronavirus relief totaling $900 billion could begin flowing to millions of Americans as soon as the year’s end, nearly nine months after Congress passed the original pandemic relief package known as the CARES Act. Here’s what the COVID relief package — part of a $2.3 trillion spending bill passed by Congress. NerdWallet writes for NerdWallet.
Nerd Wallet
DECEMBER 21, 2020
If she could do it over, Vy Chuong says she would. Chuong, 26, from Seattle, refinanced roughly $55,000 in federal student loans with a private lender in February. A month later, the government suspended most federal loan payments interest-free until September. That break has since been extended through January 2021. Chuong’s new loan doesn’t qualify.
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Nerd Wallet
DECEMBER 21, 2020
Many Americans are hoping to get their finances back on track in 2021 after a rough year. Increasing savings, paying off debt and improving credit scores were the most popular goals cited by Americans in a recent NerdWallet survey. At the same time, many Americans also said they want to keep some of the good. Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com.
Account Recovery
DECEMBER 22, 2020
The CBE Group is taking over a call center that used to be used by Convergys is Clarksville, Tenn., and plans to create 500 new jobs in the area, according to published reports. About half of the jobs are expected to be created in 2021 and the company is expected to start recruiting new hires … The post CBE To Open Call Center in Tennessee, Will Hire 500 Employees 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.
Credit Corp
DECEMBER 22, 2020
Debt can feel like a terrible thing, but paying off your debts is how you demonstrate that you can successfully manage your finances. Whether you make your debt payments on time makes up 35% of your credit score. Making on-time payments is one of the smartest ways to use your debt to your advantage. If you need a little help, debt management apps can help you organize and manage all of your debts in one place.
Creditor Collections Today brings together the best content for creditors and collection professionals from the widest variety of industry thought leaders.
Nerd Wallet
DECEMBER 22, 2020
When Gianna De Salvo took her 4-year-old daughter Arabella to see Santa Claus this year, it was far from the merry experience she anticipated. “She took one look at him and froze,” De Salvo says. Santa was wearing a mask. That’s not what Arabella was expecting, and there was certainly no lap-sitting; Arabella stood behind. Sally French writes for NerdWallet.
Account Recovery
DECEMBER 21, 2020
The Sixth Circuit Court of Appeals has reversed a lower court’s ruling in favor of a defendant that was sued for violating the Fair Debt Collection Practices Act, ruling that all the information that can be viewed through the glassine window portion of an envelope containing a collection letter matters under Section 1692f(8) of the … The post Sixth Circuit Reverses Ruling in FDCPA Envelope Case appeared first on AccountsRecovery.net.
Credit Corp
DECEMBER 21, 2020
Whenever you apply for anything—a loan, credit card, etc.—the lender will need to look into your credit report. Called a credit check, there are two kinds of credit checks—hard and soft. Each is used for different reasons and has a different impact on your credit score. Below, find out more about soft credit checks, when and how they’re used and why they’re beneficial.
PDC Flow
DECEMBER 22, 2020
PDCflow Product Enhancements. Our team has worked hard this year to build exciting features for our customers. These improvements will help us deliver even better care to our customers and partners. Organizational Hierarchy. Many organizations have some degree of complexity that must be addressed. For PDCflow clients with multiple locations and departments (anywhere from two - hundreds), we have expanded our software’s capabilities to address your needs.
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
DECEMBER 22, 2020
One side effect of the coronavirus pandemic is an abundance of criminals trying to take advantage of people. The arrival of vaccines and legislation that would send out a second round of relief payments bring new opportunities for fraud. Knowing the latest schemes and keeping a healthy skepticism can help you avoid being victimized. Check out these.
Account Recovery
DECEMBER 23, 2020
The Consumer Financial Protection Bureau yesterday announced it had issued a consent order against Santander Consumer USA, accusing it of violating the Fair Credit Reporting Act by furnishing accurate information to credit reporting agencies and fining the nonprime auto lender $4.75 million. A copy of the consent order is available by clicking here.
Consumer Finance
DECEMBER 21, 2020
On December 22, 2020, the Consumer Financial Protection Bureau issued a consent order against Santander Consumer USA Inc. to address the Bureau’s finding that it violated the Fair Credit Reporting Act.
Credit Corp
DECEMBER 20, 2020
The following is a guest post by Monica Eaton-Cardone, cofounder and COO of Chargebacks911 ®. Millions of consumers have been trapped at home for months due to COVID-19. It’s no surprise, then, that digital shopping channels have seen a surge of activity since the beginning of the outbreak. E-commerce sales were up 55% year-over-year in July according to Adobe Analytics.
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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.
Nerd Wallet
DECEMBER 21, 2020
Vacation rentals offer many potential benefits compared with hotel rooms, including lower prices, more amenities and a more personal touch. Yet knowing which vacation rental platform provides the best overall experience for travelers is another question. Here we compare two popular vacation rental platforms — Airbnb and Vrbo — across several criteria.
Account Recovery
DECEMBER 23, 2020
A class-action lawsuit has been filed against a debt collector, accusing it of making it look like the collector purchased debts from a healthcare provider when it had not done so and for violating a state collection law in Colorado. A copy of the complaint in the case of Zachary Waite and Cathy Wood-Sullivan v. … The post Class-Action Suit Filed Against Collection Agency appeared first on AccountsRecovery.net.
Consumer Finance
DECEMBER 20, 2020
On December 21, 2020, the Consumer Financial Protection Bureau announced a settlement with Envios de Valores La Nacional based on the finding that La Nacional violated the Electronic Fund Transfer Act and the Remittance Transfer Rule.
Troutman Sanders
DECEMBER 23, 2020
The Eighth Circuit Court of Appeals held that the actions of a debt collector are not necessarily imputed to a debt buyer. This holding reversed the Western District of Arkansas District Court, which held that the actions of the debt collector are necessarily imputed to the debt buyer. The full opinion of Reygadas v. DNF Associates, LLC can be found by clicking here.
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
DECEMBER 21, 2020
January mortgage rates forecast The year begins with mortgage rates near historically low levels, with the 30-year fixed-rate mortgage averaging under 3%. Rates will remain low in January. Today’s mortgage rates sprouted from the pandemic and the resulting recession, in which millions of jobs withered. Some lost jobs will return in 2021, but the economy.
Account Recovery
DECEMBER 24, 2020
ADVOCATES SHARE FEELINGS ABOUT PROVISIONS OF PART II OF CFPB DEBT COLLECTION RULE Now that Part II of the Consumer Financial Protection Bureau’s debt collection rule has been released, consumer advocates can finally get a fuller sense of what protections are being put in place for consumers, and they are having no problem sharing how … The post Daily Digest – December 24.
Burr Forman
DECEMBER 23, 2020
Congress passed the Consolidated Appropriations Act, 2021 (the Act) on December 21, 2020. The Act, which is 5,593 pages, contains a number of stimulus measures designed to address the economic impact of the coronavirus crisis. While the bill has not become law as of the date of this blog, it is expected to be signed by the President quickly and then become law.
TCPA
DECEMBER 23, 2020
On the same day last week, two different judges in the Middle District of Florida issued divergent decisions regarding the effect of the Supreme Court’s holding in Barr v. AAPC, 140 S. Ct. 2335, 2347 (2020).
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
DECEMBER 24, 2020
Recreational vehicle sales are soaring, and the RV industry expects 2021 to be a record-breaking year. Dealerships say much of the demand is coming from first-time buyers and others anxious to find a safer way to vacation during the pandemic. As any RV owner will tell you, though, buying a motorhome, camper or trailer is. Liz Weston writes for NerdWallet.
Account Recovery
DECEMBER 24, 2020
As I have gotten older and lazier, I have come to adopt a saying that I think is very wise, especially for someone like me — don’t bring me a problem, bring me a solution. I was reminded of that clever saying as I read yet another article spotlighting another hospital for having to sue … The post Long on Problems, Short on Solutions appeared first on AccountsRecovery.net.
Troutman Sanders
DECEMBER 23, 2020
In Ramsey v. Receivables Performance Mgmt., LLC , Judge McFarland, of the United States District Court for the Southern District of Ohio, granted partial summary judgment for Phillip Ramsey, Plaintiff – holding that Receivables Performance Management, LLC and Howard George (Chief Executive Officer, RPM), Defendants, violated the Telephone Consumer Protection Act by calling Plaintiff two hundred and forty-five times with an automatic telephone dialing system after Plaintiff revoked consent.
Better Credit Blog
DECEMBER 23, 2020
Have you recently discovered an entry from CitiCards CBNA on your credit report? If so, it’s likely the result of an application for one of Citibank’s credit cards. Applying for loans or credit cards can lead to a hard inquiry on your credit report. While that’s nothing to worry about in most cases, if you don’t recall applying for a card, you could be the target of an identity thief or a reporting error.
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