Thu.Jun 23, 2022

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CFPB Publishes ANPR on Credit Card Late Fees

Account Recovery

The Consumer Financial Protection Bureau yesterday took its first step toward cracking down on credit card late fees, issuing an Advanced Notice of Proposed Rulemaking (ANPR) that seeks information on how effective the $12 billion that consumers pay in late fees every year are as a deterrent and how much they add to the credit … The post CFPB Publishes ANPR on Credit Card Late Fees appeared first on AccountsRecovery.net.

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Should I Fund My Business With a Credit Card?

Nerd Wallet

Though it has its risks, funding a business with credit cards can be a legitimate way to finance everyday business expenses or address short-term cash flow issues. And unlike more traditional types of funding such as business loans or lines of credit, credit cards are usually easier to qualify for and quicker to fund. However, Hillary Crawford writes for NerdWallet.

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Getting to Know Tonia Brown of ARM Compliance Business Solutions

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Tonia Brown of A

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Trupanion Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness. Breadth of coverage: Average.Range of plan options: Good.Can pay your vet directly: Yes. The bottom line: Its unique per-condition deductible could save you money if your pet develops a chronic illness. How we review pet insurance Our writers and editors follow strict editorial guidelines that ensure fairness and accuracy in order.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

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.

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Daily Digest – June 23. Getting to Know Tonia Brown of ARM Compliance Business Solutions; Judge Dismisses Hunstein Copycat for Lack of Standing

Account Recovery

GETTING TO KNOW TONIA BROWN OF ARM COMPLIANCE BUSINESS SOLUTIONS How is it possible not to like someone who shows people how much they mean to her through food? For that reason, and many many others, Tonia Brown exemplifies the enthusiasm, passion, and dedication the makes the people in the accounts receivable management industry such … The post Daily Digest – June 23.

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How Different Segments of Population Are Using Credit Products

Account Recovery

Credit cards remain the most popular and common debt product used by consumers, regardless of age or income level, according to the results of a recently published survey. More than 62% of consumers had made a payment on a credit card in the past 90 days, compared with 27% of consumers who made a payment … The post How Different Segments of Population Are Using Credit Products appeared first on AccountsRecovery.net.

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Best-Performing Growth Stocks: June 2022

Nerd Wallet

If you’ve heard the term “growth stocks” before, there’s a good chance that it was referring to large technology companies such as Apple, Microsoft, Amazon, Tesla or Alphabet (formerly Google). These are the five most heavily weighted components of the Standard & Poor’s 500 index, so they have an outsized influence on the overall movement. Sam Taube writes for NerdWallet.

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Judge Dismisses FDCPA Case Over Multiple Address, Third-Party Disclosure, for Lack of Standing

Account Recovery

A District Court judge in New Jersey — taking the issue up all on her own — has ruled that a plaintiff lacks standing to sue a collection agency after accusing it of violating the Fair Debt Collection Practices Act because it used multiple addresses in a collection letter and because it purportedly used a … The post Judge Dismisses FDCPA Case Over Multiple Address, Third-Party Disclosure, for Lack of Standing appeared first on AccountsRecovery.net.

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Pumpkin Pet Insurance Review 2022

Nerd Wallet

Plans offered: Accident and illness, wellness. Breadth of coverage: Excellent.Range of plan options: Average.Can pay your vet directly: Yes. The bottom line: Offers one comprehensive accident and illness plan that includes coverage for dental treatments and most cured pre-existing conditions. How we review pet insurance Our writers and editors follow strict editorial guidelines that ensure.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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Small Business Debt Recovery could boost SME cash flow as economy shrinks

UK debt collections

Small Business Debt Recovery is becoming more important to cash flow as a UK recession looms. Flash estimates of the UK economy’s performance in June showed Small Business optimism is at its lowest point since the out break of the pandemic. Post pandemic ‘orders’ are drying up and show a drop in order volumes across the board. A survey for June conducted by S&P and the Chartered Institute of Procurement said overall activity across service and manufacturing sectors hit a 15

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Accruals: How This Accounting Concept Works

Nerd Wallet

An accrual is an amount of money owed to or by a business. Accruals take place whenever future payments are promised for goods or services. They also include other types of anticipated inflows or outflows of cash, like rent. An accrual happens on both the seller and buyer sides: A business that sends a $100. Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com.

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Recent Trends in TCPA Litigation

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and his guest and fellow Partner Stefanie Jackman as they discuss recent trends in Telephone Consumer Protection Act (TCPA) litigation, including how the landscape has changed since the Facebook decision, the increase in challenges to text and automated messaging, state law analogs and mini TCPA laws, and best practices for companies going forward.

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Facebook Marketplace: Buy or Sell a Car

Nerd Wallet

Facebook Marketplace is one of the most popular peer-to-peer shopping platforms, offering everything from furniture and clothing to weird tchotchkes. It’s also a great resource for finding local used-car listings at affordable price points, as well as listing your own vehicle. However, scammers roam Facebook Marketplace both as buyers and sellers. Keep your guard up.

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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CDIA’s Annual Law and Industry Conference

Troutman Sanders

CDIA’s Annual Law and Industry Conference. Webinar: Driving Change: Litigation & Enforcement Developments in the Consumer Reporting Industry. Troutman Pepper attorney David N. Anthony joined forces with Eric Ellman, Senior Vice President of Public Policy & Legal Affairs for the Consumer Data Industry Association and Rebecca Kuehn of Hudson Cook, on June 8 to deliver a webinar covering some of the latest litigation issues in the consumer reporting industry.

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How to Book Travel on Kayak

Nerd Wallet

Kayak, like many other third-party travel search websites, scours dozens of airlines, hotel companies and rental car brands to list as many travel options as possible. What sets it apart from the likes of Orbitz and Expedia, however, is that you can’t actually book travel on Kayak. Instead, it serves as a search engine for. Ramsey Qubein writes for NerdWallet.

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The Role of Data in Managing Fraud and Financial Crime Today

Fico Collections

Home. Blog. FICO. The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. FICO. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. Thu, 06/23/2022 - 12:40. In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-figh

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Smart Money Podcast: Taking On the Racial Wealth Gap

Nerd Wallet

Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode is dedicated to a conversation with journalist Kimberly Atkins Stohr. We discuss her series about how to solve the racial wealth gap. Check out this episode on either of these platforms: Apple Podcasts Spotify Our take The racial wealth.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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DOJ Files Lawsuit Against Meta and Outlines Proposed Settlement Structure Over Allegedly Discriminatory Housing Advertising Practices

Troutman Sanders

On June 21, the Department of Justice (DOJ) filed a lawsuit and a settlement framework with Meta Platforms, Inc. (previously known as Facebook) to resolve allegations that Meta’s advertising placement algorithms discriminate against Facebook users based on their race, color, religion, sex, disability, familial status, and national origin (Protected Characteristics) in violation of the Fair Housing Act (FHA).

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How to Hold Mail During Vacation

Nerd Wallet

Whether porch pirates plague your neighborhood or you just want to avoid coming home to a stuffed mailbox, travelers have options of what to do with mail that doesn’t involve calling in a favor from a friend. The United States Postal Service offers three services you can utilize when traveling. Let’s look at USPS Informed. JT Genter writes for NerdWallet.

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A Guide to Finding Award Flights with SeatSpy

Nerd Wallet

One of the most difficult parts of using your airline miles is finding award seat availability. Most airlines would like you to use their website, but some have recently implemented changes that make it frustrating to search for availability. Plus, airlines have no incentive to alert you when awards open. Thankfully there are services you. JT Genter writes for NerdWallet.

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Best-Performing Technology ETFs

Nerd Wallet

Best-performing tech ETFs What is a tech ETF? A technology ETF is an exchange-traded fund that invests in companies in the technology sector. Tech ETFs include companies that create and distribute hardware, such as computers, smartphones, semiconductors and other electronics, and software, such as artificial intelligence, cybersecurity and cloud technology.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Is Medical Debt Disappearing From Your Credit Report?

Nerd Wallet

Health care bills are about to become far less threatening to the financial well-being of millions of Americans. The three major credit bureaus are erasing most medical debts from people’s credit reports, and the Biden administration is reducing or eliminating medical debt as a factor in government lending decisions. Here’s what you need to know. Liz Weston, CFP® writes for NerdWallet.