How will the new FDCPA rules impact first-person collections?
What can we do about a dated and outstanding expense check which is less than $50.00? We cannot locate the payee (an individual).
If I get a promise to pay two days from now on Wednesday and they don’t show, can I call Thursday morning?
Under the proposal can we use social media to contact a debtor?
Will there be future Reg CC inflation adjustments? How often?
When are the inflation-adjustment changes to Regulation CC effective?
Can a trust be the sole owner of a business like a sole proprietor?
My friend who's currently incarcerated sent me to pick up her final paycheck from the Goodwill. After receiving the check, she sent me a letter
giving me full permission to deposit and cash the check and spend the money as I see fit. With her behind bars, I can't have her sign the check over to
me. She told me to do it myself over the phone but I was just wondering if the letter she sent me would be sufficient for me to legally cash it.
Is an adverse action required to send to a customer if the bank force closes the customer's checking account?
My question has to do with scams involving fraudulent checks and how we should handle the check when a customer presents it for payment. Specifically, we had a customer bring in a check for $2,900 that just didn't feel right for the type of business the customer normally conducts. The teller inquired about the check. The customer explained that he had enrolled online as a secret shopper. He was to keep $300 for himself and spend the other $2,600 buying specific merchandise to send back to the company that sent him the check. The teller called the bank on which the check was drawn and was told that it was fraudulent. We have had a law enforcement official tell us that we need to deposit the check anyway, put a hold on the account so that the funds are secured, and wait for the check to be returned so that we have a paper trail and proof that the check is fraudulent. In addition,
once we have proof that the check is fraudulent, we should give the returned check back to the customer so that they can file a complaint with law enforcement. Is this the proper way to handle the check?