Tag: "credit"

0
Los Angeles sues Big Banks over Real Estate Tax losses

Los Angeles sues Big Banks over Real Estate Tax losses

City attorney takes aim at big banks Source: latimes.com Author: Michael Hiltzik Much of what Los Angeles City Atty. Mike Feuer alleges in his lawsuits against four big banks for their mortgage and foreclosure practices isn’t debatable. In his latest lawsuit filed May 30 against JP Morgan Chase, Feuer alleges that mortgage lenders swarmed into […]

0
Placement / Staffing Agencies – You may now raise your rates.

Placement / Staffing Agencies – You may now raise your rates.

The Affordable Care Act—Countdown to Compliance for Employers, Week 39: Common Law Employees and Offers of Coverage on Behalf of Other Entities under the Final Employer Shared Responsibility Regulations Distinguishing employees who are full-time from those who are not takes up a good deal of real estate in final regulations published in the Federal Register on February […]

0
Test your knowledge of Credit Scoring – Most Fail

Test your knowledge of Credit Scoring – Most Fail

The Credit Score Quiz Your credit score can affect many parts of your financial life. Test your credit scoring knowledge with this simple 20-question quiz. Click Here  

0
How Korean business people behave when customers data is breached.

How Korean business people behave when customers data is breached.

(6th LD) Bank officials quit en masse over massive data leak Top executives at a bank and credit card firms tendered their resignations on Monday as the finance industry tried to rein in havoc from the latest massive leak of client data that regulators say may have affected roughly half of the country’s 50 million […]

0
An example HIPAA Breach

An example HIPAA Breach

Stolen laptop held data of high-risk pool members A laptop stolen from an auditor’s car contained the personal information of more than 3,400 members of a high-risk insurance pool set up in South Carolina for those unable to find coverage because of a medical condition, an attorney hired by the pool told The Associated Press […]

0
CFPB may issue rules exempting credit collections from the TCPA

CFPB may issue rules exempting credit collections from the TCPA

Could the CFPB Help Stem the Tidal Wave of TCPA Lawsuits? For the past month, the debt collection industry has been abuzz over the Consumer Financial Protection Bureau’s (CFPB) Advance Notice of Proposed Rulemaking (ANPR) for debt collection. While the stated purpose of new rules is to update the aging Fair Debt Collection Practices Act […]

0
Gambling Debt – Who, What, How collected?

Gambling Debt – Who, What, How collected?

Deadbeat gamblers are an economic indicator How do you know the economy is coming back? High rollers are paying their gambling debts.All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer than half of outstanding debts would be repaid. Now, companies have lowered […]

0
Government Default – Who is scaring the marketplace?

Government Default – Who is scaring the marketplace?

Factcheck: Dueling debt ceiling definitions from Obama, Rand Paul President Obama says failing to raise the debt limit on Oct. 17 will “force the United States to default on its obligations.” Sen. Rand Paul contends “there’s no reason for us to default,” because the government collects enough revenue to meet its interest payments on the […]

0
Tighter Bank Credit "Muddle Through" impact on Retail Sales

Tighter Bank Credit “Muddle Through” impact on Retail Sales

Fewer banks willing to lend curbs U.S. sales The share of banks more willing to lend to consumers has been declining, a trend that threatens retail-sales growth. The net percentage of financial institutions reporting increased willingness to make installment loans, which include credit cards, has averaged 15.4 percent in three surveys of senior loan officers […]

0
Get Customers To Pay Consistently On Time Without Offensive Actions

Get Customers To Pay Consistently On Time Without Offense

Make Customers Pay on Time (and Manage Cash Flow Until They Do) Question: We run a private preschool and often find that parents do not promptly honor their obligations to pay fees. What’s the best way to deal with this, and what other means could we use to sustain our operations and cash flow when […]

0
CFPB Continues Data Gathering

CFPB Continues Data Gathering

Consumer Financial Protection Bureau: NSA of the Financial World While the National Security Agency’s (NSA) unconstitutional spying on Americans’ communications has been getting most of the press lately, another federal agency has been quietly — and illegally — vacuuming up Americans’ financial data: the Consumer Financial Protection Bureau (CFPB). Created by the 2010 Dodd-Frank Act, […]

0
CFPB Complaint Database

CFPB Complaint Database

Consumer Financial Protection Bureau complaint data now searchable by state Today the Consumer Financial Protection Bureau (CFPB) expanded its Consumer Complaint Database to include state-by-state information. The CFPB also added complaints about money transfers and credit reporting to the database. “This data puts valuable information in the hands of consumers to help them understand what […]

0
Student Debt Woe – Wells Fargo Study

Student Debt Woe – Wells Fargo Study

One third of millennials regret going to college In another indication of how burdensome student loans have become in the United States, about one-third of millennials say they would have been better off working, instead of going to college and paying tuition. That’s a according to a new Wells Fargo WFC -1.43% study which surveyed […]

0
Parents Giving Kids Credit Cards May Be Helpful

Parents Giving Kids Credit Cards May Be Helpful

Debt Collection Expert Discusses the Facts About Kids Using Credit Cards Debt collection expert John Monderine responds to the question of whether kids should have credit cards.An article from CNBC, “So Your Kid Wants a Credit Card. What Do You Do Now?” published yesterday discusses the question of whether it’s advisable for high school-aged children […]

0
California Sues JPMorgan Chase

California Sues JPMorgan Chase

JPMorgan Chase sued for running debt collection mills California is suing Chase bank for cheating thousands of credit card account holders of due process while attempting to collect on debts, court papers say.Papers filed by Attorney General Kamala Harris has accused JPMorgan Chase & Co., Chase Bank USA and Chase Bankcard Services of running “debt […]

0
FTC Red Flag Rule – Businesses that need an Identity Theft Prevention Program

FTC Red Flag Rule – Businesses that need an Identity Theft Prevention Program

The Rule applies to “financial institutions” and “creditors.” It’s important to look closely at how the Rule defines those terms because they apply to groups that might not typically use those words to describe themselves. Whether your business or organization is a financial institution or creditor isn’t based on the line of work you’re in, […]

0
Alternative Banking Grows

Alternative Banking Grows – 4/4/13

American Express prepaid debit cards get FDIC insurance American Express announced Tuesday that its prepaid debit cards will now be backed by the Federal Deposit Insurance Corp., the latest indication that a market once shunned by established financial institutions is gaining ground. The use of reloadable prepaid cards has exploded in the wake of the […]

0
IRS Employer Shared Responsibility Payments

IRS Employer Shared Responsibility Payments – 3/21/13

IRS Will Pursue Shared Responsibility Payment Bills Starting in 2015, Official Says Employers who may have a shared responsibility payment under tax code Section 4980H for not offering health care to full-time employees under the Affordable Care Act can expect to hear from the Internal Revenue Service about payments due beginning in 2015, but only […]

0
How Republicans and Democrats would stop Sequestration - 3/6/13

How Republicans and Democrats would stop Sequestration – 3/6/13

What Both Sides Have Offered to Avoid the Sequester For weeks, President Obama and Congressional leaders have talked — to the press, not to each other — about their respective ideas for replacing the indiscriminate, across-the-board cuts known as sequestration with more rational savings. At Mr. Obama’s invitation, they finally will meet on Friday, the […]

0
Debt Collectors Face a New Watchdog

Dodd Frank Impact on Debt Collectors – 10/28/12

Debt Collectors Face a New Watchdog For the first time, debt collectors have a federal regulator. Starting on Jan. 2, the Consumer Financial Protection Bureau will supervise companies that collect at least $10 million a year in consumer debts. In the past, debt collectors faced some supervision at the state level and consumers could complain […]

0
How to Cooperate with a Debt Collector

Cooperate with your Debt Collector – 9/29/12

How to Cooperate with a Debt Collector Ring, ring. As soon as you hear the ringing of your phone, you break out into a cold sweat. Is it a debt collector who is about to call you and harass you to pay your bills? You ignore the call. Later, you listen to a moment or […]