Thu.Feb 02, 2023

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CFPB Proposes Rule to Cap Credit Card Late Fees

Account Recovery

The Consumer Financial Protection Bureau yesterday issued a proposed rule seeking to lower credit card late fees at $8, bring an end to the automatic inflation adjustment that occurs annually, and cap late fees at 25% of the minimum payment owed by the cardholder. The proposal would save consumers as much as $9 billion per … The post CFPB Proposes Rule to Cap Credit Card Late Fees first appeared on AccountsRecovery.net.

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What Fed Rate Increases in 2023 Mean for Savings Accounts

Nerd Wallet

Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. The article What Fed Rate Increases in 2023 Mean for Savings Accounts originally appeared on NerdWallet.

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NCLC Releases Update to Book Helping Consumers Get out of Financial Trouble

Account Recovery

The National Consumer Law Center has released an update to its book, “Surviving Debt,” which aims to serve as a financial guide for consumers and includes chapters on responding to debt collectors and dealing with collection lawsuits. The book costs $20 and is available by clicking here. Other chapters in the book are: Six essential … The post NCLC Releases Update to Book Helping Consumers Get out of Financial Trouble first appeared on AccountsRecovery.net.

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6 Cruises Where You Don’t Need a Passport

Nerd Wallet

Ramsey Qubein writes for NerdWallet. Email: travel@nerdwallet.com. The article 6 Cruises Where You Don’t Need a Passport originally appeared on NerdWallet.

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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 – February 2. Getting to Know Heather Radcliffe of Resident Interface; Judge Grants MSJ in FDCPA Case Over Settlement Offer

Account Recovery

GETTING TO KNOW HEATHER RADCLIFFE OF RESIDENT INTERFACE It seems like there is a connection between Heather Radcliffe ending up in the accounts receivable management industry and he desire to work with animals or in nursing if she had to choose a different career path, doesn’t it? Taking care of people is in her DNA … The post Daily Digest – February 2.

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Getting to Know Heather Radcliffe of Resident Interface

Account Recovery

It seems like there is a connection between Heather Radcliffe ending up in the accounts receivable management industry and he desire to work with animals or in nursing if she had to choose a different career path, doesn’t it? Taking care of people is in her DNA and it’s that kind of attentiveness and care … The post Getting to Know Heather Radcliffe of Resident Interface first appeared on AccountsRecovery.net.

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Smart Money: Overcoming Structural Challenges

Nerd Wallet

Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money: Overcoming Structural Challenges originally appeared on NerdWallet.

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Judge Grants MSJ in FDCPA Case Over Settlement Offer in Letter

Account Recovery

In a case that was defended by Cooper Walker and the team at Frost Echols, a District Court judge in New York has granted a defendant’s motion for summary judgment, ruling a plaintiff lacked standing to pursue a Fair Debt Collection Practices Act case because she did not suffer a concrete injury after receiving a … The post Judge Grants MSJ in FDCPA Case Over Settlement Offer in Letter first appeared on AccountsRecovery.net.

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How to Safely Use Payment Apps

Nerd Wallet

Kimberly Palmer writes for NerdWallet. Email: kpalmer@nerdwallet.com. Twitter: @kimberlypalmer. The article How to Safely Use Payment Apps originally appeared on 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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CMS Publishes Final Rule Increasing Government Authority to Recover Overpayments from Medicare Advantage Plans

Troutman Sanders

On February 1, the Centers for Medicare & Medicaid Services (CMS) published a final rule strengthening their authority to recover alleged overpayments made to Medicare Advantage plans. The rule formalizes the Medicare Advantage Risk Adjustment Data Validation (RADV), which CMS uses to risk-adjust payments made by CMS to a Medicare Advantage Organization (MAO).

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Small-Business Tax Changes and Tips to Know in 2023

Nerd Wallet

Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com. The article Small-Business Tax Changes and Tips to Know in 2023 originally appeared on NerdWallet.

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Virginia Considering Legislation to Permit Remote Work for Employees of Licensed Mortgage Lenders and Brokers

Troutman Sanders

Following a trend started during the COVID pandemic, Virginia State Delegate Bill Wiley (R) introduced a bill , HB 2389 in the current legislative session of the Virginia General Assembly that would allow employees of a Virginia-licensed mortgage lender or broker (licensee) to work at an unlicensed remote location upon certain conditions being met. Specifically, the bill would amend Virginia’s Mortgage Lenders and Mortgage Brokers law (Va.

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Delta AmEx Cards Give Permanent 15% Off Award Travel, Increased Bonus Offers

Nerd Wallet

Delta Announces Higher Elite Status Qualifications Among Other Changes Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article Delta AmEx Cards Give Permanent 15% Off Award Travel, Increased Bonus Offers originally appeared on NerdWallet.

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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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Amended TCPA Exemptions Rule Published

Troutman Sanders

As previously reported here , the Federal Communications Commission (FCC) issued a proposed rule specifying that to be exempt from the Telephone Consumer Protection Act’s (TCPA) consent requirements callers would be limited to three prerecorded non-commercial, non-telemarketing, or non-profit calls per 30 days, or three calls per week (one per day) for healthcare-related calls, and would need to include an opportunity to opt out of prerecorded calls as part of the message.

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Medicare Late Enrollment Penalties: Costs and Who Owes Them

Nerd Wallet

Alex Rosenberg writes for NerdWallet. Email: arosenberg@nerdwallet.com. Twitter: @AlexPRosenberg. The article Medicare Late Enrollment Penalties: Costs and Who Owes Them originally appeared on NerdWallet.

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Commercial Financing Regulatory Developments

Troutman Sanders

Please join Troutman Pepper Partner Chris Willis and his colleagues Associates Caleb Rosenberg and Josh McBeain as they discuss commercial financing regulatory developments, specifically what is happening in both legislatures and regulatory agencies to extend consumer-like protections to business borrowers. Caleb Rosenberg focuses his practice on helping banks, fintech companies, finance companies, and licensed lenders navigate regulatory risks posed by state and federal laws.

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5 Things to Know About the Verve Credit Card

Nerd Wallet

Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article 5 Things to Know About the Verve Credit Card originally appeared on NerdWallet.

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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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How Organizations with Decisioning Platforms Win

Fico Collections

Home Blog FICO How Organizations with Decisioning Platforms Win Robust decisioning platforms will enable enterprises to develop better customer experiences and faster time-to-market FICO Admin Tue, 02/18/2020 - 14:57 by Bill Waid Chief Product and Technology Officer expand_less Back To Top Thu, 02/02/2023 - 16:00 While developing a robust decisioning platform strategy can be complex, the impact has proven to offer strong payback aside from the market attribution.

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5 Things to Know about the REI Co-op Mastercard

Nerd Wallet

Caitlin Mims writes for NerdWallet. Email: cmims@nerdwallet.com. The article 5 Things to Know about the REI Co-op Mastercard originally appeared on NerdWallet.

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North by Northwest: Achieving Efficiency through Expertise

NCBA Law Practice Management Blog

There’s been lots of talk over the last few years about law firm efficiency. And so , some folks address the value of workflows. And, others talk about how important it is to generate metrics around efficiency. And, then there’s the pressure coming from clients fed up with the inefficiencies inherent in traditional law practice and law firm billing.

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How Long It Takes to Charge an Electric Car

Nerd Wallet

Kurt Woock writes for NerdWallet. Email: kwoock@nerdwallet.com. The article How Long It Takes to Charge an Electric Car originally appeared on NerdWallet.

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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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CSA statement on Times reporting in respect of the installation of energy pre-payment meters

CSA

Commenting on the Times reports on 2 February regarding the installation of pre-payment meters on behalf of British Gas, a CSA spokesperson said : “The allegations set out by the Times must be taken seriously because policies to protect the most vulnerable in society need to be adhered to. The CSA expects that people should be treated fairly at every stage of the collections process - and offered help and the support which is available.

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What Does Intestate Mean?

Nerd Wallet

Dalia Ramirez writes for NerdWallet. Email: dramirez@nerdwallet.com. The article What Does Intestate Mean? originally appeared on NerdWallet.

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What Are Joint Tenants With Right of Survivorship (JTWROS)?

Nerd Wallet

Connor Emmert writes for NerdWallet. Email: cemmert@nerdwallet.com. The article What Are Joint Tenants With Right of Survivorship (JTWROS)? originally appeared on NerdWallet.

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Nationwide Travel Insurance Review

Nerd Wallet

Carissa Rawson writes for NerdWallet. Email: articles@nerdwallet.com. The article Nationwide Travel Insurance Review originally appeared on NerdWallet.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.