Tue.Aug 31, 2021

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Judge Grants MTD Over Offer of More Credit in Collection Letter

Account Recovery

Debt collectors are conduits — vessels trying to help original creditors recover unpaid debts. Oftentimes, the creditors will make requests or want certain offers included in letters sent to individuals. What happens when a creditor wants to make an offer as a means of trying to get an individual to repay a debt? … A … The post Judge Grants MTD Over Offer of More Credit in Collection Letter appeared first on AccountsRecovery.net.

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You Can Get Free Money for College — and Help Finding It

Nerd Wallet

If you’re considering going to college this fall — or next — there is one way to ensure you’re considered for as much free money as possible: by submitting the Free Application for Federal Student Aid, or FAFSA. Completing the FAFSA makes you eligible for federal, state and some school-based aid, including loans, scholarships and. Colin Beresford writes for NerdWallet.

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Top Maryland Court Overturns Lower Court Ruling on State Collection Law

Account Recovery

The Maryland Court of Appeals — the top court in the state — has broadly interpreted a state debt collection law allowing plaintiffs to accuse collectors of violating one of the law’s provisions in instances where the collector attempts to collect amounts that “the debt collector, to its knowledge, does not have the right to … The post Top Maryland Court Overturns Lower Court Ruling on State Collection Law appeared first on AccountsRecovery.net.

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Alabama District Court Dismisses FCRA Claim Based on Alleged Failure to Remove Dispute Notation

Burr Forman

The U.S. District Court for the Middle District of Alabama joined a growing number of courts dismissing FCRA claims based upon a furnisher’s alleged failure to remove an “account in dispute” notation from consumer credit reports. In Griffin v. Experian Information Solutions, Inc. , No. 1:20-cv-801-RAH-SMD, 2021 WL 3782141 (M.D. Ala. Aug. 26, 2021), the plaintiff had four accounts that were marked as “in dispute.

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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 – August 31. Noted Plaintiff’s Attorney Resigns from Practice of Law; Judge Grants MTD Over Offer of More Credit in Letter

Account Recovery

NOTED PLAINTIFF’S ATTORNEY RESIGNS FROM PRACTICE OF LAW Maxim Maximov, a plaintiff’s attorney whose name is well known within the accounts receivable management industry, has resigned his practice following an investigation by three judicial districts within the New York State Court System. JUDGE GRANTS MTD OVER OFFER OF MORE CREDIT IN COLLECTION LETTER Debt collectors … The post Daily Digest – August 31.

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Noted Plaintiff’s Attorney Resigns From Practice of Law

Account Recovery

Maxim Maximov, a plaintiff’s attorney whose name is well known within the accounts receivable management industry, has resigned his practice following an investigation by three judicial districts within the New York State Court System. A copy of the order from the Supreme Court of the State of New York Appellate Division, Second Judicial Department is … The post Noted Plaintiff’s Attorney Resigns From Practice of Law appeared first on AccountsRecovery.net.

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RedfinNow: What to Know

Nerd Wallet

RedfinNow is an iBuyer that buys qualified homes in more than 20 metropolitan areas, providing homeowners the convenience of selling without listing their homes for sale. » MORE: What is an iBuyer? What is RedfinNow? When RedfinNow buys a home, the seller gets cash and then RedfinNow takes care of repairs. Afterward, the home is. Holden Lewis writes for NerdWallet.

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CFPB Proposes Rule to Shine New Light on Small Businesses’ Access to Credit

Consumer Finance

The Consumer Financial Protection Bureau (CFPB) today proposed a new rule designed to help small businesses gain access to the credit they need and deserve by increasing transparency in the lending marketplace.

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General Liability Insurance for Contractors: What You Need to Know

Nerd Wallet

General liability insurance, or GL insurance, can protect you from third-party claims of bodily injury or property damage as a result of business activity. General contractors, carpenters, roofers and other construction workers should carry this type of liability policy and may be required to do so by their employer, city or state. You might also. Randa Kriss writes for NerdWallet.

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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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Credit and Collection Industry RoundUp: 12 Books for Leadership and Personal Development

PDC Flow

It's impossible to measure how much a good book can influence one's life. Reading can help you relax, teach you a new skill or even impact your career. That's why we reached out to PDCflow customers and other Accounts Receivable industry professionals with one simple question: What book has influenced your professional development or helped you build your business?

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Can a Debt Collector Collect After 10 Years?

Credit Corp

Getting calls from debt collectors can be frustrating and even confusing. That’s even truer when someone is contacting you about an old debt you forgot about, thought was long resolved, or didn’t know about in the first place. But how long can someone chase you for money you might owe? Can a debt collector collect after 10 years, for example?

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ABOC Moves Credit Card Accounts to TCM Bank, Slashes Rewards Rate

Nerd Wallet

The Amalgamated Bank of Chicago — issuer of the ABOC Platinum Rewards Mastercard® Credit Card and ABOC Union Strong Mastercard® Credit Card — is selling its credit card portfolio to TCM Bank. All other ABOC products and services remain the same. While this change was in the works, ABOC closed its cards to new applicants. Current. Sara Rathner writes for NerdWallet.

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The Link between Health and Financial Wealth

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished here with permission. Are you taking care of yourself physically? The link between physical health and success in this world is a strong one. With increased physical health comes more clarity and a sharper focus in your daily activities. As you know, taking care of your finances can be a difficult activity.

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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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What Is a POS System? Cost, Capabilities and Examples

Nerd Wallet

A point-of-sale system facilitates a business’s transactions, making it possible for customers to purchase goods and services. In short, businesses use POS systems to accept payments and customers use them to pay what they owe. While their main purpose is processing transactions, modern POS systems also generate reports, monitor sales, help manage inventory and let.

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SEC REQUESTS COMMENTS ON “GAMIFICATION”

Burr Forman

On August 27, the Securities and Exchange Commission (“SEC”) issued a broad request for information and comments on “gamification” in financial-market user interfaces, including artificial intelligence and machine learning, among others. As the Release explains: The SEC requests input on. broker-dealer and investment adviser use of “digital engagement practices” or “DEPs”, including behavioral prompts, differential marketing, game-like features (commonly referred to as “gamification”), and othe

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How to Get Car Rental Elite Status Through Airline or Hotel Status

Nerd Wallet

After a year of being stuck at home, travelers are itching to hit the road. Higher demand and smaller fleets are pushing rental car rates to the extremes. Even if you can get a reasonably priced rental, you may be subject to hours-long lines at rental car counters. Thankfully, there’s a way to avoid the. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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Remarks of Acting Director Dave Uejio at the Press Call on the Small Business Lending Proposed Rule

Consumer Finance

Acting Director Dave Uejio remarks at the press call on the small business lending proposed rule.

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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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The Best Points and Miles Credit Cards for Beginners

Nerd Wallet

There are dozens of points and miles credit cards out there, from airline and hotel cards to business and cash-back cards. But not all of them are a good choice for someone new to travel rewards. If you’re on the hunt for the best points and miles credit card for beginners, take a look at these. Alisha McDarris writes for NerdWallet. Email: travel@nerdwallet.com.

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Financial Data Management: What it is and Why it Matters

Micro Bilt

An enterprise needs to consolidate its financial information. Here is what you need to know about financial data management.

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Construction and Real Estate E-Note August 2021

Burr Forman

Resources. Federal Regulators Taking Aim at Anti-Competitive Employment Practices. Employers in every sector use restrictive covenants to guard against loss of institutional knowledge, relationships, and training. These restrictive covenants come in three forms: “non-competition,” “non-solicitation,” and “no-poach” agreements.

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Prepared Remarks of Acting Director Dave Uejio at the NFHA’s Virtual Forum on Special Purpose Credit Programs

Consumer Finance

Acting Director Dave Uejio remarks at the National Fair Housing Alliance’s Virtual Forum on Special Purpose Credit Programs.

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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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Labor & Employment E-Note August 2021

Burr Forman

Resources. Emily Mack Discusses Employer Vaccination Policies in SHRM. Emily Mack was quoted in an August 2, 2021 article published by the Society for Human Resource Management (SHRM) discussing employer vaccination policies. As employers face renewed challenges for managing safe operations as the Delta variant of COVID-19 spreads, Mack shared considerations for employees who choose not to get vaccinated for medical or religious reasons and request an exemption or accommodation from a mandatory